This week?  More like this hour, IMO!!  No question we are in a new copper bull market.

If you look at the size of the monthly moves in the price of copper it is reminiscent of the 2-year blitz copper took from the begining of 2009 to the end of 2010.  Copper leaped from $1.40s to $4.50 in just 24 months.  That's how "mispriced" this commodity can get and how quickly it will adjust.  Check out the chart and especially the magnitude of monthly moves in 2009/2010 and the recent monthly mega-moves...

https://finviz.com/futures_charts.ashx?t=HG&p=m1

BUT, here's the rub.  What if Ernesto envisions copper at $5 in two years?  Do you think that he will sell our 25% of SC today based on a pathetic 3-year average from the last pathetic three years?   The ever cycling VALUE-TRAP quagmire....