I’ve deliberately thrown a new stock for 2021 into todays report to spice things up a bit, Swiss based Glencore was the 4th largest copper producer in 2020 with interests from Chile, The Congo to Mount Isa. I actually had a job interview at Glencore as a trader many years ago but (thankfully now) didn’t get the gig. We like this global mining giant into current weakness very much in-line with our outlook towards reflation over the next 12-18 months, as opposed to 2-3 weeks. The stocks already corrected ~15% and another 5% will see it enter our buy zone.
MM likes GLEN ~GBP280
