Hubert Senters here.
Let’s take a look at these two shiny metals. One being Gold. Gold pulls back about $10. And then we’re going to look at Cooper really quick. The reason I’m doing this because I got a question from a viewer. And if I don’t give this some context it won’t make any sense.
This is Gold. Gold looks good. It’s probably going to go higher $1,900 and maybe $2,000 over time.
But the better trade in my opinion was Copper. And you guys know I’m a huge fan of Ichimoku and right here it’s getting you a nice little long signal here.
So another long signal and then it just makes cruising higher. You may or may not trade futures. I trade a ton of futures markets. And I got a question. So now if your sender is going I don’t know how to trade Copper futures.
What I do is — I have a question from a viewer who’s asking the same question so let’s take a look
From Elvin:
Hi Hubert
How can we be able to trade copper using ETFs or a stock?
Futures copper are in another universe for me.
Thank you so much for your response.
You can use this revolutionary tool Elvin called Google. No. I’m just messing really. Yeah, sure you can. But that is what I would use first. I would always use Google first like if you have a question like that.
What I do on that is I use a website called ETF base just because it makes really handy to do. If you don’t know how to find it let me show you how you can find it really quick so. If you just go let me grab the handy Google as I was making fun to you obviously to have a little fun.
All I search for is this copper etf in Google and then you can see Investopedia has an article on top ETFs. Right here is a website that I like to use. Go etfdb. It stands for ETF database. Click on there one time and then they have a search feature where you could just type in copper over here.
And then it will find stuff for you but doing Google works the same. You’ve got two options here obviously. You’ve got JJC and CPER. You see that they both have above $15 million under management on the ETF which is pretty decent. But this ones going to have way more volume. You’re going to look for volume who’s got the average one.
This ones on average volume $5,900 and this one has $20,000 so I would go with this one.
The thicker the Copper the thicker the thing you trade the more liquid is makes it easy for you to get in of something and out of something. What we’re going to do is we’re going to track that thing. I’m going to pull it up here. And now you can see this is Copper. Now, I’m just going to go CPER and you can see it looks almost identical.
I would trade CPER Elvin. Thanks for the question. And hopefully you don’t take it personally if we’re just messing with you telling you to search on Google. I’ve been asked to speak at the Wealth365 event. I will be there. The event starts in a couple of days. First name, email address and optional telephone number. We’ll get you a registered seat for the webinar.
Good luck. Hope it helps. See you on the next video.
Hubert.
