Copper Down Another 5 Cents: How To Trade It (JJC, FCX)

Copper is down another 5 cents in early Thursday trading.

It's abundantly clear that the correction is upon us, with copper plunging from just last week. If you believe that a correction is here, which all signs are pointing to yes, then going short the copper ETF JJC or Freeport McMoran Copper & Gold FCX will be a profitable trade until the dust settles and the uptrend resumes again.

In early trading, shares of Freeport were off 95 cents to $47.50, a loss of nearly 2% and JJC is off 33 cents to $55.33, a loss of 0.6%.