GREY:NEVDQ - Post by User
Post by
metalhead666on May 12, 2021 6:01am
312 Views
Post# 33180774
Meaningful correction in copper price on deck....
Meaningful correction in copper price on deck....So says Cathie Wood of Ark fame. She says that consumers of commodities have doubled and tripled orders to gear up for the re-opening demand. Once that rush to buy stuff is over commodities will retrench significantly. Now I couldn't care less what that religious lunatic nut bag has to say about anything but she shares the FEDs view that inflation is "transitory".....if so then expect the speculation to come out of the copper price and some new equilibrium to be reached.
This isn't a comment on the NCU project just a warning on being so irrationally exhuberant with the short term momentum we've all enjoyed.
The future copper price...long term....will surely be higher but the odds of a meaningful correction in copper and miners has increased. Don't chase things.....buy low, sell high.