Post by
metalhead666 on Nov 06, 2024 5:16pm
Here's the problem now...
As much as I wanted to pick up some TGB shares again after trading it multiple times, the election of the disgusting one forces a re-think. One of the main arguments for copper was the adoption of EVs and the resulting increase in copper usage. I'm not so sure about that given that orange jesus is going to immediately halt all gov subsidies for all things renewable and instead open the floodgates on fossil fuel so everyone can drive an even bigger 4x4 ....6 doors instead of the puny 4. What's that do to the copper thesis? On the other hand if construction picks up and industry gets brought back to the US there might be increased demand on that side. I'd add too that the bond market is blowing up...they are betting on inflation roaring back which will absolutely kill housing which is a huge user of copper.
TGB doubling production once Florence is online is nothing short of amazing but since the pigman is now president I'm not quite sure what to make of things. Of note...silver plunged today...another EV metal that won't be in demand as the lunatic brings back coal and gas to destroy the environment beyond hope.
Comment by
metalhead666 on Nov 07, 2024 6:36am
I hope you're right. I'd like to believe there is some sanity out there...isn't much in america to be sure
Comment by
JCSunsfan on Nov 08, 2024 1:56am
Good grief. Have you seen who your Prime Minister is? The best person won this US election and it really isn't debatable.
Comment by
metalhead666 on Nov 08, 2024 5:37am
This post has been removed in accordance with Community Policy
Comment by
Crackle on Nov 08, 2024 7:29am
Come on, tell us what you really think of the next Pres! Tells you a lot about where america is at right now, doesn't it.
Comment by
Crackle on Nov 08, 2024 7:29am
Come on, tell us what you really think of the next Pres! Tells you a lot about where america is at right now, doesn@t it.
Comment by
metalhead666 on Nov 08, 2024 7:38am
This post has been removed in accordance with Community Policy
Comment by
GreenCu on Nov 08, 2024 5:57pm
You Americans are blind to the Russian agent that you have appointed. Between the pics in Moscow and the money flowing through Saudi ... he is nothing short of a Russian dancing doll.