Thanks - great digest. The copper piece is v. interesting - if Chinese plants are getting closer to issuing joint production cuts as a response, then surely there's only one way the price is going anytime soon.
Thanks for this piece alerting us the market signals for higher inflation. Investing in gold or energy stocks or directly investing in the commodity itself (all through ETFs) is a perennial question. Do macro conditions, the industrial cycle uptick, bode well for the commodity miners?
Yes I believe the macro backdrop (marked by signs of accelerating economic activity and various infrastructure spending packages) is positive for commodities along with their miners and producers.
It's interesting to see several producers breaking out ahead of the commodities themselves, like with copper and oil.
Many are short-term extended, and a short-term basing period would be ideal. But I think this is early stages in the uptrend for both commodities and their producers.
Great great work. Appreciate it!
Thanks James...glad you enjoyed it!
Thanks - great digest. The copper piece is v. interesting - if Chinese plants are getting closer to issuing joint production cuts as a response, then surely there's only one way the price is going anytime soon.
Yes there was the news out a few weeks ago about production cuts and that was on the smelter side for refining.
So I’m still watching physical copper but think the macro backdrop is still constructive there for more gains.
Thanks for the comment!
Thanks for this piece alerting us the market signals for higher inflation. Investing in gold or energy stocks or directly investing in the commodity itself (all through ETFs) is a perennial question. Do macro conditions, the industrial cycle uptick, bode well for the commodity miners?
Thanks for the comment, Marianne!
Yes I believe the macro backdrop (marked by signs of accelerating economic activity and various infrastructure spending packages) is positive for commodities along with their miners and producers.
It's interesting to see several producers breaking out ahead of the commodities themselves, like with copper and oil.
Many are short-term extended, and a short-term basing period would be ideal. But I think this is early stages in the uptrend for both commodities and their producers.