The Best Trade in Metal's Right Now

December 15, 2020

In this zero-interest rate world, we can expect investors to rush to silver and gold.

That's because it's an inflation hedge as the U.S. dollar continues to trade lower and is down 6.55% for 2020.

After hitting a 10-year high gold is up 21% for the year, but has been in a slump the last few months.

Even though gold still trading above $1,800 and silver is at five-year high…

It's not gold or silver that’s catching my eye.

Right now, it’s copper’s time to shine.

Copper is the third most widely used metal in the world. And it’s been on a tear since it’s March lows.

We’re seeing the price of copper hit levels not seen since March 2013. Analysts are saying that $4 is a real possibility.

We can easily see the correlation between the current economic condition and the new highs of silver & gold. But the story behind copper has more to do with emerging trends, which is where we like to look to lock in bigger profits.

One big trend fueling copper is electric vehicles and renewable energy.

In late October, China said that it was planning to phase out cars with traditional combustion engines. More specifically, all cars sold after 2035 need to be electric and plug-in hybrid. Analysts expect global electric car sales to increase to 9 million vehicles by 2025.

By 2040, that number should be more like 54 million. This is so important because an electric car uses anywhere from 55 to 90 kilograms of copper compared to the only 15 kg used by a gas-fueled car.

Plus, copper is used in other renewable energy resources since its an efficient conductor of electricity and heat. Biden has pledged a $2 trillion clean energy plan. And both Japan and South Korea plan to reduce emissions by 2050. Which means copper consumption will continue to rise.

This all is in addition to copper’s current importance in manufacturing and construction.

China is a country that is still rapidly developing. It’s $700 billion of new infrastructure and urbanization rollouts will include copper intensive wiring and electrical. The country also has plans to build a total of 50,000 5G base stations. Each of which requires 12 kilograms of copper.

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The demand is there, and suppliers are going to be playing catchup. 2019 was one of the slower years for copper demand, but now miners are ready to take advantage of these increased prices.

You could pick and choose individual miners, but this is one case where you’re better off grabbing shares of Global X Copper Miners ETF (NYSE: COPX). This ETF holds Southern Copper and Freeport-McMoRan, as well as some smaller purer copper plays.

I’ve looked at individual miners and although some look better than others, this is a case where it’s better to spread your risk out. But don’t worry you’re still going to see the reward.

Take a look at the share price of COPX over the past ten years. It looks awfully similar to the copper price above.

The managers have it all worked out so that shares move with the red metal.

Shares are up 39% since the beginning of the year. But there’s plenty of room for more gains in 2021.

You don’t want to miss out on the trend, and Global X Copper Miners ETF (NYSE: COPX) is the best low-risk way to cash in.

To your prosperity and health,

Joshua M. Belanger
Executive Publisher & Founder

Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%

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