RE:RE:RE:RE:RE:RE:whoaJoe455 wrote: Returns2021 wrote: Copper will never see $5. It is going to see $2.50 soon
China is the wild card it looks like their ghost cities are coming back to haunt them.
Demand increasing, supplies dwindling, mines closer to the end of their lives than the beginning. The bigger factor is money supply, shortages, and mounting inflation. I cannot see how copper can go back to $2.50 in the present inflationary environment. Now you could argue that $4 will be the inflationary equivalent of the old $2.50, but going back to the actual $2.50 seems very unlikely.
I think $4 to $4.50 is the new normal. But I know about as much about it as R2021.