GREY:NEVDQ - Post by User
Comment by
bogfiton Nov 20, 2020 10:35am
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Post# 31940300
RE:Bog.I think you might be surprised with what happens in the
RE:Bog.I think you might be surprised with what happens in the Rocky,
We do see things a little differently. From a macroeconomic perspective the price of copper is a result of USDX. That gauge used to relate to the strength of the US economy as it was the primary consumer of the metal. Over the last thirty years that has slowly changed reflecting demand from Asia but then increasing with blinding speed over the last couple years. Demand for energy conversion will certainly come and demand for copper as a result will increase, but that will take years to fully impact the market. In the meanwhile we will continue to see extreme weather events threaten or curtail operations in critical mining jurisdictions.
I must disagree on the current market psychology is less a result of expectations, as uncertainty is literally the absence of expectation.
Best regards,
b.