GREY:NEVDQ - Post by User
Post by
bogfiton Dec 02, 2020 12:33pm
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Post# 32018504
Copper at 8 yr. high, but Silver and more so gold outperform
Copper at 8 yr. high, but Silver and more so gold outperform Could speculators be attracted to the precious metals first? The fact is copper’s appreciation didn’t fully gain from USD weakness, so, if not the absence of speculation in Cu which I doubt, the drag on Cu prices might be the weakness in the global economy and especially in the western world. Dr. Copper perhaps is now one of the walking dead.
The good news is that Cu substantially outperformed the Dow Jones Nonferrous Metal Index from the 2014 low.
Now THAT'S useful information. : )
b.