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    • Tagged copper

    Will Copper Go Higher?

    Posted on July 22, 2012 by

    Freeport-McMoran Copper & Gold CEO Richard Adkerson told CNBC’s “Closing Bell” he expects copper prices to be higher longer term.

    Although the Chinese economy is slowing, the Freeport-McMoran (FCX) CEO said it hasn’t had as big an impact on copper (CEC:Commodities Exchange Centre: HGCV1) demand as it has had on other commodities.

    “There’s continued spending on infrastructure,” he said, adding the markets are reacting to signs that the Chinese government will take actions to support growth.

    With inflation under control, Adkerson is “optimistic about China.”

    Copper demand in the U.S. is also running stronger than the overall economy because of a pick up in the automotive sector and the beginnings of a rebound in housing, Adkerson said.

    Although Freeport-McMoran doesn’t make predictions about copper prices, Adkerson said that he’s very optimistic about the price of the red metal longer term.

    Adkerson isn’t alone in expecting higher copper prices. Ephrem Ravi, Head of Metals & Mining Sector at Barclays, told CNBC Asia on Tuesday that copper is the commodity that both he and markets are most bullish on. (Related: Copper Will Stay Above $8,000 This Year).

    A main reason for copper’s strength is structural. “Copper as a commodity is supported by limited supplies,” Adkerson said.

    Freeport-McMoran is in a position to take advantage of the limited supplies because it has very large reserves at its existing mines, Adkerson said. “So by investing in brownfield projects we can step up and provide supplies when the industry as a whole is challenged.”

    “We can provide volumes and make a lot of money if prices go higher which I anticipate they will,” he continued.

    Anglo-Australian miner BHP Billiton is also poised to benefit from higher copper prices. “The bright spot for us was the copper production at Escondida, which has been the big disappointment for BHP Billiton’s (BHP) production numbers over the last three or four years,” Ravi said of BHP’s production update last week. Escondida is BHP’s Chilean copper mine.

    With copper prices likely to head higher, Barclay’s Ravi said “If BHP can produce more of it than all the better.”

     

    Elite Pharmaceuticals Inc. (ELTP.OTCBB) Leads TSW Weekly Top 10 Newsletter Watchlist Along with GHLV, EVCA, and SINX

    Posted on April 18, 2011 by

    (ELTP) Elite Pharmaceuticals Inc. Leads Weekly Top 10 as Technicals Poised to Move Stock this Coming Week.

    April 16, 2011 Boca Raton, FL–TheStockwizards.net penny stock trading system analyzes the most notable explosive OTC, OTCBB, NASDAQ Micro Cap Penny Stocks such as ELTP with huge volume and positive change.

    Elite Pharmaceuticals

    The TSW Weekly Top 10 watch list looks for OTC small cap penny stocks that have some kind of technical analysis set up in the charts. TSW looks for moving average breakouts, chart pattern breakouts, bottom reversals, volume accumulation and more.

    OTC Small-Cap Penny Stocks showing potential momentum, volume accumulation for the coming week include: ELTP, PSPW, APIT, EVCA, SINX, SNEY, RPPR, GHLV, CPOW, and KBLB.

    1-Elite Pharmaceuticals Inc. (ELTP.OTCBB) -.1680

    ELTP made a very bullish move this past week. Traders will be watching for a consolidation period before another move. Support .12 resistance .20 for the coming week.

    (ELTP) Elite Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacture, and license of orally administered controlled release drug delivery systems and products in the United States. Elite’s lead pipeline products are novel sustained release oral formulations of oxycodone for the treatment of chronic pain, which address two of the limitations of existing oral opioids: the provision of consistent relief of baseline pain levels and deterrence of potential abuse. Both products, ELI-216, a once-daily abuse resistant oxycodone, and ELI-154, a once-daily oxycodone, are in late-stage development. Elite, with partners, also has an ANDA filed with the FDA for a generic equivalent of a pain product and has a generic gastrointestinal drug product in clinical development.

    2-3Power Energy Group, Inc. (PSPW.OTCBB) -.82

    PSPW closed near its highs for the week. The stock could test the psychological 1.00 area this coming trading week. Resistance .90 support .63.

    3Power Energy Group, Inc. develops, constructs, owns, operates, and maintains renewable energy projects in the hydro, wind, and solar power sectors in Europe, Latin and Central America, and Asia. The company has a project portfolio of approximately 2.5 gigawatts.

    3-Aspire International, Inc. (APIT.PK) -.38

    APIT is consolidating right at its 200-day moving average and traders and investors always look at this as a bullish signal. With the MACD trading above the zero line, APIT could soon be looking for an explosive move. Support .34 resistance .40.

    Aspire International, Inc., just acquired and now operates a Hong Kong-based international B2C shopping mall, “My Global Online Shop” (Mygos) — a platform that enables anyone to start his or her own business online. Mygos currently hosts over 80,000 active stores.

    Also, through its Chinese subsidiary, Aspire GuangXi Inc., a Wholly Foreign Owned Enterprise (WFOE), it is engaged in the acquisition, exploration and development of mineral properties in the Guangxi Zhuang Autonomous Region of southern China, prospective in particular for manganese and gold.

    Aspire’s principal manganese mining property covers an area of 21.3 square kilometers containing 7.4 million metric tons of ore according to an NI 43-101 compliant report certified by a qualified geologist with more than thirty years experience. The on-site operations are led by a highly capable Chinese management team.

    4-Evcarco, Inc. (EVCA.OTCBB) -.021

    This is going to be a very critical week for EVCA as the stock is trading right at the bottom of its range. The big question traders and investors will have on their minds is whether or not EVCA can maintain these support levels? major support is at .017.

    EVCARCO, Inc., a development stage company, engages in selling environmentally conscious automobiles in the United States. It offers electric vehicles and pre-owned vehicles converted to various green technologies; and financing, warranties, maintenance, and mechanical services. EVCARCO Inc. is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles.

    5–Sionix Corp. (SINX.OTCBB) -.1745

    Is SINX headed for a double top or a breakout? That’s the big question for traders this coming week. If SINX can close above .20 cents for the week, we could see another round of momentum buying.

    Sionix designs innovative and advanced water treatment systems intended for use in defense, government facilities, emergency water supplies during natural disasters, housing development projects, and various industrial processes including subterranean fracturing used in oil and gas drilling. These systems are located adjacent to contaminated water sites thus reducing cost and toxic exposure and can be used to remove organic materials including oil, waste and other infectious bacteria from contaminated resources.

    6-Sunergy Inc. (SNEY.PK) -.0159

    SNEY traders and investors will have there eye on the 20-day moving average as a major support level for this coming week. However, be aware that a breach of this moving average could start a breakout to the downside to the 50-day moving average.

    Sunergy, Inc. engages in the acquisition and exploration of mineral properties in British Columbia and the Republic of Ghana. The company explores for gold, silver, and copper deposits. It owns a 100% interest in the Humming Bird Property located in the Vancouver Mining Division of British Columbia, Canada.

    7-AquaStar Holdings, Inc. (RPPR.PK) -.0009

    Can RPPR breakout above the psycological .001 area this week?

    AquaStar Holdings, Inc. is a holding company, which utilizes a unique and established platform to launch new technology enterprises based on world-class university research discoveries. AquaStar Holdings, through its wholly owned subsidiary SUTIMCo, Inc., provides experienced management to early stage companies, reducing risk and assuring the know-how in launching and growing a new company. In addition to this skilled management team, AquaStar Holdings can avail itself of the encyclopedic, informal knowledge of the inventor, his experience and his research team.

    8-Global Health Ventures, Inc. (GHLV.OTCBB) -.0556

    GHLV closed right at its 20-day moving average ending the week on a positive note. Maintaining positive momentum above this moving average could be very bullish for the stock on a weekly basis.

    Global Health Ventures is a specialty pharmaceutical company with expertise in drug delivery and formulation. The Company has a proprietary platform technology for drug delivery via the sublingual (under the tongue) route. This unique method delivers drugs to the bloodstream quickly with minimal drug breakdown in the liver or gastrointestinal system, a process that can greatly reduce side effects associated with the drugs. The Company’s lead therapeutic product is a male sexual enhancement drug that is delivered via sublingual route and is called X-Excite. In experimental studies, X-Excite has been shown to reach the blood stream rapidly, producing maximal effect and having less of the unwanted side effects associated with oral delivery route. X-Excite is presently in clinical development in Europe.

    9-Clean Power Concepts, Inc. (CPOW.PK) -.11

    CPOW is at a make or break point going into next weeks trading. The stock must maintain positive momentum above .10 cents.

    Clean Power Concepts Inc., is a producer of Filtered Canola Oil, Canola Feed Meal, Lubricants, Chemicals and Additives. The Company manufactures and markets products under CLEAN POWER CONCEPTS® and MOPO® brands.

    10-Kraig Biocraft Laboratories, Inc. (KBLB.PK) -.127

    KBLB has been a big winner in the past for TSW subscribers. Can the stock maintain above the psychological .10 level while setting up for another big move to the upside? Resistance is .15 cents.

    Kraig Biocraft Laboratories, Inc., is the world leader in the development of recombinant technologies and recombinant fibers for the global textile and technical textile markets. KBLB is an innovative biotechnology company focused on the development of commercially significant high performance polymers and technical fiber. Based on proprietary genetic engineering technology, Kraig has successfully developed and produced next generation polymers and protein-based fibers including recombinant spider silk.

    About the Stock Wizards.net

    TSW is looking for hot penny stocks exposed such as ELTP on the move showing unusual movement that could end up being a popular top performing HOT OTC small cap penny stock pick. TSW knows traders and investors are looking for exciting hot penny stock picks alerts like ELTP along with OTC volume movers to put on their speculative watch list for review.

    The TSW penny stock finder trading system locates the best small cap, micro cap penny stocks such as ELTP that have unusual movements with news, popular small cap penny stocks with big gains, and strong stock trends.

    TSW looks for exciting, explosive penny stock picks like ELTP with the right mixture of powerful volume and low market capitalization to give day-traders & investors an opportunity to build a penny stock picks trading watch list consisting of the most notable penny stocks like ELTP that have high volume with positive change that can become explosive mega volume penny stock picks at any given time.

    Get real-time penny stock pick text message alerts like ELTP sent to your cell phone.

    Disclaimer

    TSW has been compensated five thousand dollars (5,000.00) from an unrelated third party to profile Aspire International, Inc (APIT) on our Top 10 List. TSW does not currently own any shares of APIT. TSW has not been compensated for any other profiles featured in this report. The assembled information distributed by TheStockWizards.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. TheStockWizards.net does expect that investors will buy and sell securities based on information assembled and presented herein. TheStockWizards.net will not be responsible in any way for or accept any liability for any losses arising from an investor’s reliance on or use of information obtained from our website or emails. Always do your own due diligence, and consult your financial advisor.

    Weekly Top 10 ELTP

     

    Wall Street marks fourth straight week of gains, JPM, BAX, MU, JNS, BBBY, CVX, Plus More…

    Posted on December 26, 2010 by

    • Wall St marks 4th straight week of gains, JPM, BAX, BBBY, CVX, MU, JNS

    • Organic After Christmas Sales on Sports Wear

    • Commodities to open at Highs Monday

    • Goldman Sacks takes long view over pay-outs

    • Investors rush Facebook and Twitter

    • London’s FTSE 100 closes above 6,000

    • Bank of China signs with 2 Taiwan banks

    • Outlook for Gold and Silver in Y 2011

    • Vietnam expects CPI up 11.75%

    • Japan approves record US$1.11T budget for Y 2011

    Wall St marks 4th straight week of gain, JPM, BAX, BBBY, CVX, MU, JNS

    LIVE TRADING NEWS

    LIVE TRADING NEWS

    Red’s Bull Trader Alert: my work shows that market is likely to see more Northside action in the remaining 5 trading days of the year after a 6.5% gain for the month boosted the S&P 500 + 12.7% for Y 2010. From my Almanac: the market rallies 73% of the time from the close before… Read more

    Organic After Christmas Sales on Sports Wear

    Green Apple always strive to be as environmentally friendly as possible in every aspect of our business. Here are a few examples: * Green Apple branding is all done on recycled papers, natural pulp fibers, and leftover organic fabrics. * Green Apple uses soy inks and water based printing for all of our hangtags… Read more

    Commodities to open at Highs Monday

    Copper prices stormed to record levels this week, closing yesterday at $US9355 a tonne as speculation swirled about the identity of the trading house sitting on the large position at the LME. The position is worth about $US3 billion and could include existing holdings and derivatives to buy the metal in the future. Other commodity prices…Read more

    Goldman Sacks takes long view over pay-outs

    Goldman Sacks takes long view over pay-outs Goldman Sachs (NYSE:GS) adopted a provision in its executive compensation scheme that will reward top officers based on their ability to meet long-term performance goals without encouraging “imprudent risk-taking”. Goldman’s board approved the so-called long-term performance incentive plan on December 17 as Wall Street prepared for another season of…Read more

    Investors rush Facebook and Twitter

    Investors rush Facebook and Twitter The implied value of Facebook leapt by 50% in the past 5 months, while the value of Twitter more than doubled as secondary market investors bid up shares of Silicon Valley’s fastest growing private companies. Overall, the value of the top 11 private Internet companies has risen by 54% since June 30… Read more

    London’s FTSE 100 closes above 6,000

    London’s FTSE 100 closes above 6,000 GKH, NKT, RRS, ENRE, KGF, MKS London… Read more

    Bank of China signs with 2 Taiwan banks

    Bank of China signs co-operation agreements with 2 Taiwan banks Bank of China (BOC), China’s fourth largest lender by assets, announced Friday that it had signed comprehensive cooperation agreements with 2 Taiwan-based commercial banks. This is the 1st time for a mainland bank to sign such agreements with its Taiwan counterparts. BOC said it had set up closer… Read more

    Outlook for Gold and Silver in Y 2011

    Red’s Overall Outlook for Gold and Silver in Y 2011 26 December 2010 Charts by Omega Research Gold gained about 27% this year, its 3rd Double Digit gainer in the past 4 yrs. Charting Gold’s price movements from Y 2000 shows a strong and clear up-trend off of its lows In 1-H of Y 2010 the EuroZone;s sovereign debt… Read more

    Vietnam expects CPI up 11.75%

    Vietnam expects it CPI to come in at + 11.75% Y-Y Vietnam’s Consumer Price Index (CPI) is expected to go up 11.75% Y-Y this year, said a report of the General Statistics Office of Vietnam Friday. In December, the country’s CPI is expected to increase by 1.98% against that of November, registering the highest monthly rise since… Read more

    Japan approves record US$1.11T budget for Y 2011

    Japan approves record US$1.11T budget for Y 2011 The Japanese government on Friday approved a draft budget which hit a record 92.41T Yen ( about US$1.11T) for the coming fiscal year. The Cabinet of Prime Minister Naoto Kan agreed on the draft budget as the government worked to increase Key policy spending amid swelling social welfare costs. The… Read more

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    Copper Futures Retreat in New York as Moody’s May Cut Spain’s Debt Rating

    Posted on December 15, 2010 by

    Copper prices fell the most in three weeks in New York as a potential downgrade of Spain’s credit rating revived concern that Europe’s debt crisis will worsen, hampering the global economic rebound.56021-1

    Moody’s Investors Services said Spain’s rating may be cut from Aa1, amid growing concern it could follow Greece and Ireland in seeking a bailout. Prices also fell on speculation that China, the world’s largest metals consumer, may have to raise interest rates to cool inflation.

    Europe is “one step away from the next crisis,” Edward Meir, a senior commodity analyst at MF Global Holdings Ltd. in Darien, Connecticut, said in a report. “We are in store for a rather sharp correction over the next several weeks as investors have not yet fully discounted the implications of rising interest rates.”

    Copper futures for March delivery fell 7.65 cents, or 1.8 percent, to close at $4.1325 a pound at 1:27 p.m. on the Comex in New York, the biggest loss for a most-active contract since Nov. 22.

    Yesterday, the price reached $4.229, the highest since May 2008, when the commodity jumped to a record $4.2605.

    Stockpiles monitored by the London Metal Exchange have gained 2.7 percent in the past three days to the highest level since Nov. 23, exchange figures showed.

    In London, copper for delivery in three months dropped $70, or 0.8 percent, to $9,095 a metric ton ($4.13 a pound) on the LME. Yesterday, the price rose to a record $9,267.50.

    Tin, lead, aluminum and zinc also fell in London. Nickel gained.