The Kobeissi Letter
The Kobeissi Letter|Nov 09, 2026 14:29
BREAKING: The Global Copper Miners ETF, COPX, has declined for 11 consecutive weeks, its longest such streak since its April 2010 inception. This surpasses the previous record of 10 consecutive weekly declines set in 2015. Over the current streak, COPX has dropped -24.7%, to near its lowest level since mid-December. As a result, COPX is offically down -0.4% year-to-date, after being up as much as +34.8% in August. Meanwhile, copper futures have declined -6.7% over the last 4 weeks, to $6.28 per pound, their lowest level since mid-July. The copper mining sector is seeing a massive reversal.
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads