/biz/ - Business & Finance

Ok guys, this seems like its gonna be pretty big. Copper by all technical indicators has broken out and is in price discovery due to mines being shut down and reopening demands.

FCX, the worlds largest copper miner should naturally be the one to benefit most from this right? Well not right away when there is market manipulation going on.

[Heres someone way smarter than this retard confirming my beliefs.](https://www.dailyfx.com/forex/technical/article/fx_technical_weekly/2021/02/10/copper-price-outlook-bullish-as-breakout-begins.html))

The past two days have been huge days for copper, ending up with a net gain of almost 3% which for copper is pretty fucking big.

This morning it was also upgraded to a buy by JPM. After starting the morning out +6% it dropped hard during that market wide dip. Now keep in mind FCX is not the hottest stock in the world so its volume is pretty low. I have no proof but given its low volume it would be extremely easy to manipulate downwards so you can load up. After speculating why this could be happening all day, it happened.

**AT CLOSE SOMEONE IMMEDIATELY PURCHASED 2.74 MILLION SHARES

85 Million dollars worth of shares.

While the rest of the market slowly recovered the rest of the day FCX continued to walk downwards and ended at -2.5% on a day where copper was +1.5%. Add in yesterday where it opened low and ended flat when copper had another 1.5% day and you end up with a 5.5% deviation from where it usually is in keeping with major copper indexes.

**I REPEAT AT CLOSE SOMEONE IMMEDIATELY PURCHASED 2.74 MILLION SHARES**

Someone dropped 85M on shares.

I know copper has been in an epic run but factor in the upcoming EV boom with a supply shortage and copper is most likely poised to shoot past all time highs. Feel free to look at the FCX all time chart to see how parabolic runs are a frequent thing in their history and we may be entering one.

Just some food for thought.

Position: 198 FCX 31.5 3/5c

BLASTOFF FAGGOT OP SEETHE

>>25295838
TO THE MOOOOOOON!!!!!!!!!

>Coinbase out of Link
>expected to buy from Binance
>Binance out too
Can you feel it?