Sprott Physical Copper Trust (symbol, COP.UN) traded in Canada

COP.UN is showing a big discount of about 20% against NAV

So a buy set up in COP.UN around current levels of about CAD 9,65 could show some nice profits

in the coming months when the discount will probably getting smaller.

Potential upside 20%

Long positions in COP.UN can be hedged by going short CPER (Copper ETF) in the US market to hedge against price drops in COP.UN