This ETF holds the likes of KGHM Polska Miedz SA, Antofagasta, Freeport-McMoRan and BHP Group which contains a great basket of companies to represent MM’s medium term view towards commodities hence while it would be easy to grab our profits and run this is one position we can see ourselves holding over a few years as opposed to weeks/months.
- We are currently enjoying a +47% paper profit on this position but were still targeting higher levels moving forward.
MM remains bullish and long the COPX ETF
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