'They take the stairs up, but they always take the elevator down' - Gianni Kovacevic on copper's run

Roaring copper prices are due to speculators, said Gianni Kovacevic, investor and author. On Tuesday Kovacevic spoke to Kitco Mining. Kovacevic is the author of My Electrician Drives a Porsche? Copper has had a great run in 2024, hitting an all-time high of $5.20 pound in May. Although he is a copper bull, Kovacevic said it is too much, too fast. He views the recent run as being driven by speculators. "If any commodity goes up too radically, people just stop buying it," said K...