Greetings Boredom Fighter Contrarian,

This is The Next Big Rush, a daily newsletter to keep you informed about the world of mining/energy investing. Where we come together and chill. 😎

Here's what's up - The Copper Edition:

🕶 A Heist

🕶 A Fat Finger

🕶 A Boom

🥷 A Heist

Thieves copper-napped (sorry 2/10 quality pun) 13 containers of the red metal from Chile's main port, leaving authorities scratching their heads.

"It's a real conundrum," (we’re massively paraphrasing here) said local prosecutor Juan Carlos Catalan.

The heist, worth an estimated $4.4 million, is the biggest copper theft since…. October (what?) and puts pressure on Chile, the world's top copper producer, to beef up shipment security.

Meanwhile, mining companies are copper-plaining (3/10?) about repeat thefts by highly specialized gangs.

These guys must be well connected since one can’t exactly dump that much material without raising some flags.Or can they?

👆🏻 A Fat Finger

Speaking of copper, a handful of people noticed that near the closing of the LME’s second open-outcry pricing showed a massive 77% drop.

Far from having a flash crash, the error was due to a fat-finger mistake, nothing more, nothing less (or so it is reported).

The incident did not affect prices or trading and was quickly resolved by the LME.

Still, the incident is the latest in a series of technical setbacks at the exchange, including several complications that occurred when trading resumed in the wake of last year's historic nickel crisis.

In the run-up to last year's crisis, the LME's clearinghouse also caused a "high number" of erroneous margin calls that amounted to hundreds of millions of dollars for some brokers.

Early last year, there was also a five-hour outage of the exchange's electronic trading platform.

Ouch.

💥 A Boom

Check out copper's price action.

We are no chart wizards but that high in mid-November was pierced through like a bullet on butter and gapped up twice, and that can’t be bad (after a re-test, of course).

For some time copper longs have claimed that China re-opening and the green revolution (tacky name, please suggest something better) would bring about a decent rise in price.

They are right, for now.

Meme of The Day (Uranium-Themed Due to Lack of Funny Copper Investors)

Have a most wonderful Saturday and watch nobody is around your place to steal your metals. Ya never know!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.