I know about commodity super-cycles and we're at the foot of one right now. Ernesto will see that I am sure.
I never said spot. If we have $5 copper by mid-2022 this will represent enough time for the 3-year average to dramatically rise by shedding $2 price level months in 2017 and 2018 in exchange for near $5 price level months in 2021 and 2022. You can't predict the future based on the past, but it rhymes they say. In today's circumstances I hear copper ryhming loudly. Participating in this ride will be Ernesto imho. His greed won't let him pull out early. jmho
I learned a lot in the last ten years. What I went through with this investment has nothing to do with not predicting the future. No one could have predicted the severity of the execution failures. No one.
JMHO