Why Bet Against Copper?

My latest venture in the markets involves an inverse ETF that rises as copper drops.

Why could this be a good investment?

Copper, in my view, looks ready to drop substantially due to high stocks and excess development in China. The embedded video gives insights:

As we note from the video, if China does have 20 such cities that are essentially vacant, it might be one of the largest misallocation of assets by a centrally planned nation in history.

My intermediate goal is 16.0 on this particular ETF.

If I am wrong, and copper rises, I could get spanked hard on this trade.


  1. You will enjoy this PW. OT sorry.


    Great Depression Pictures in Color


  2. Thanks for the link Bill. It is surprising to see color pictures from that era. Hopefully we will avoid the worst of the coming depression.


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