GREY:NEVDQ - Post by User
Comment by
bogfiton Apr 26, 2021 1:13pm
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Post# 33067420
RE:Copper vs Covid and why it matters here
RE:Copper vs Covid and why it matters here"Copper demand continues or goes up and supply goes down"
IMO very likely, but before we speak of its effect on copper prices, we need to look at consumption. You can have high demand, lower supply but in an economic recession the consumption of metal declines as well.
We are anticipating an inflationary stimulus to the economy sometime after 2022, although inflationary price pressures will appear sooner. However, with a toppy stock market, high bond yields, deflating dollar, high energy costs, uncertainty of the future, and extremely poor corporate earnings; IMO the precursors for a major recession are already in place, and we know that one major party would love nothing more than an economic downturn under a Democratic administration before the 2022 election.
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