Should I Buy Global X Copper Miners ETF (COPX)? Finance YouTuber Analysis

The YouTuber suggests COPX as another commodity-related investment to benefit from dollar weakness. He explains that real assets priced in dollars will see their dollar value increase if the dollar depreciates, aligning with the broader strategy of investing in commodities.

“and so we can use that same theme with other Commodities as well using funds like the United States oil Fund ticker Uso which holds oil Futures with the global X copper miners ETF the ticker opx any commodity or real asset that's gold oil copper even real estate that is denominated in dollars so priced in dollars that asset is going to hold its value so if the dollar does fall then the price in dollars for that asset is going to rise.”

The YouTuber recommends the Global X Copper Miners ETF (COPX) as a play on a potential rebound in copper prices. Copper has plunged 33% from its peak due to recession fears, but long-term demand from construction, infrastructure, and electric vehicles suggests a supply deficit by 2024. COPX offers a 67% return potential back to its March peak and pays a 2.9% dividend.

“for copper the globalx copper miners etf ticker copx has plunged on those recession fears but but it's a 67 return potential back to its march peak and pays a 2.9 dividend yield while you wait”

The YouTuber highly recommends the Global X Copper Miners ETF as his favorite way to invest in the copper mining trend, offering broad exposure to 39 companies and geographic diversification. He highlights its access to non-US traded stocks and lower risk compared to individual stock investments, with a solid annualized return.

“The fund gives you broad exposure to copper miners holding 39 stocks and has produced a 17 annualized return over the last five years.”