GREY:NEVDQ - Post by User
Post by
bogfiton Mar 09, 2021 11:38am
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Post# 32752693
“Economists expect copper will continue to do well
“Economists expect copper will continue to do well through 2021 as the reopening of the global economy, further development of renewable energy, and the growing demand for electric vehicles drive demand. At the same time, supply is expected to remain constrained with falling mine production.”
"The type of inflation we can see in the back half of the year. If it surprises higher, it is going to be driven by cyclical demand. From a commodity investor perspective, I think that implies there's, there's more upside in cyclical commodities or oil."
Rob Haworth, senior investment strategist at U.S. Bank Wealth Management, said that there is a lot of optimism in the marketplace due to expectations of a faster-than-expected economic recovery. However, if there are any issues with the continued rollout of vaccines or hiccups with economic activity, that sentiment could quickly sour and drive gold prices higher.”
"Market expectations are that by September, the economy will reopen, and inflation takes off," said Haworth. "I think there's still enough skepticism in that narrative. The Fed may have to react to these higher real rates and tightening financial conditions.
https://www.kitco.com/news/2021-03-09/Gold-still-looks-good-but-copper-and-oil-look-better-USBWM.html
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