RE:RE:RE:RE:Fears of recession hammering Cu pricesGold and Silver are going up now MK The PMs go up because of more monetary debasement and that usually happens when the Fed has to loosen during a recession! The Fed is already signaling a pause. Next step is cutting interest rates. PMs are rising in advance of this.
PMs go up first, then when interest rates come down eventually the cyclical industrial metals like copper go up last during an expansion. Don't believe me study the price histroy of metals and you will see. But you may have to wait a year or two before we get into the expansion phase not now when a recession is at the doorstep. That's when you want to own industrial metals and companies that mine them.
My prediction is industrial metals and mining stocks like CUU get slaughtered in the next 6 months. What happened with CUU during the last recession? Yeah .06 cents. LOL.