This week's chart is picture of what traders like to call "juice."
You can use all kinds of different financial vehicles to take a position on any given idea in the market. Some vehicles are conservative and slow moving, for folks who avoid risk and volatility. Some are faster moving, for folks who know how to manage risk and want to shoot for quicker profits. These latter vehicles give you leverage... or "juice."
Juice in the copper market can be found in Freeport-McMoRan (FCX), the world's largest publicly traded copper producer. Regular DailyWealth readers know "Dr. Copper" is enjoying a big rally right now. The red metal is up 94% in the past 12 months.
Expensive copper means higher profit margins for FCX. Shares have more than quadrupled in price during the same time... and sports one of the biggest uptrends in the market right now. Major juice!
You can use all kinds of different financial vehicles to take a position on any given idea in the market. Some vehicles are conservative and slow moving, for folks who avoid risk and volatility. Some are faster moving, for folks who know how to manage risk and want to shoot for quicker profits. These latter vehicles give you leverage... or "juice."
Juice in the copper market can be found in Freeport-McMoRan (FCX), the world's largest publicly traded copper producer. Regular DailyWealth readers know "Dr. Copper" is enjoying a big rally right now. The red metal is up 94% in the past 12 months.
Expensive copper means higher profit margins for FCX. Shares have more than quadrupled in price during the same time... and sports one of the biggest uptrends in the market right now. Major juice!
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