Post by
geezer21 on Apr 21, 2022 10:32pm
Federal Reserve Chairman Jerome Powell Speaks
Notice that after Federal Reserve Chairman Jerome Powell spoke today about raising interest rates that while stock markets sold off that tangible assets like copper, oil, gold, natural gas etc., did not drop. They maintained their value. Excess paper in the stock market is divorced from real economy.
Raising interest rates is to prop up the USD. It is not prices that are rising but it is dollars that are devaluing.
Comment by
1234bmth on Apr 22, 2022 2:17am
If real tangible assets maintain their values for another week, then copper, gold and oil stocks should rebound soon.
Comment by
TheeRook on Apr 23, 2022 11:52pm
it changes day to day for supply and demand issues. Chile Output down , copper prices up BHP cuts copper output outlook over Chile protests, environmental concerns Next day demand is down. Copper prices down Copper price down on China’s covid-19 worries