RE:Copper Alas, there's another mouth piece, David Rosenberg, who is talking his book.
Ask David Rosenberg exactly "what kind of recession" (and I've seen at least many as David Rosenberg has) the CRB commodities have already 100% priced in - can he actually define a recession anymore?
Keep in mind that North America as a whole has not actually seen a prolonged and "real" recession since well before the President Bill Clinton days idleweiss.
I would also suggest that perhpas David Rosenberg should dust off his "super-stagflation" definition and consult a preeminent authority on global demographic trends and how such necessarily slow to correct demographic trends do tend to hobble all the more so greatly susceptible nation states.
Mr. David Rosenberg can then ask such a preeminent authority to inform him of precisely why the global Western world economies in particular have been heading straight into the lowest economic growth and actual contractionary economic growth cycle for a very long while now.
There is no stimulating your way out of a global contractionary economic cycle which is specifically and predominantly owing to and being sustained by global demographics centric issues. Throw on top of all this a hell bent group of jackals presently operating 5 Western world nation states, warmaongers who want to siphon off hundreds of billions of dollars from their respective country whilst seeking to permanently geopolitically and geoeconomically break apart from member states who have been betrayed by the five collectively.
I digress - not really though.
Demand dictates most. What impacts demand for copper most is a "real and necessarily prolonged" global economic recession. We have yet to see and genuinely experience the intended impacts owing to the expedited increases in North American central banks lending rates over less than a year.
We have near full employment, what recession they'll say, i.e. until the jackals can't say that anymore.
Cash is king and noone ever went broke taking profits off the table.
Understand that "the great global reset" has been coming for a long while now and your government representatives and people like David Rosenberg can lie to you all the like. It won't change the facts as they stand and it won't change the fact being that inflation is just one tool of many being deployed; stagflation is another.
On a related point, also ask David Rosenberg when he is going to retire and how much weath he has squirreled away, which his "woke" children are going to want to roll him off a cliff in order to more quickly inherit going forward.