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Stas,

You're a good sparing partner. You raise points I hadn't considered.

Yes, on charts with longer lookbacks, copper merits no attention. But yesterday's markets can't be bought. What might be the forecast for copper? The world's response to covid has disrupted supply chains, creating upward price pressure. But global industrial activity is down, creating downward price pressure. Meanwhile, any country that can is de-dollarizing as fast as it can, and some of that capital is going into hard assets. So, how to trade the "opportunity" (if it is one)?

It requires very little money to trade futures contracts, and it can even been done in an IRA. But trading futures responsibly --due their being leveraged instruments-- requires more knowhow than the "average" investor wants to acquire. The fallback is ETFs/ETNs, which are a pain to deal with at tax time, but easy enough to get in to and out of with small money, and they are fun to trade. More to the point --as you suggest-- tracking them forces an awareness of the world beyond the nonsense that is passed off on the major networks as "important news" (instead of the gossip --or worse-- it really is).

As for coat-tailing the big boys into copper, that's a game I'd rather not play. They're not "the smart money". They're merely "the big money", and they are always late to trade, both in and out.

Arindam
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