Post by
metalhead666 on Dec 09, 2024 4:21am
Copper moving on more China stim....
"inflate or die".....every economy on the planet now has to follow this call. The debts are so incomprehensible there is no other option.
Trump will turbo charge it with his mindless babble of beautiful tariffs.
Like everything however there's the good for copper and the bad for copper.
An inflationary scenario re-igniting is a plus but odds favor a stagflationary outcome where demand plunges yet prices stay high. Ultimately all commodities are supply / demand driven...in the long term that is. If inflation pressures drives up the dollar or crushes demand prices can fall....The incoherent babble of Trump and his tariffs could shut global trade down. And what's the fate of China the worlds largest consumer of copper?
Well they're going to stim until something breaks. Their EV business is going strong. The Europeans are in deep doo but they're still forging ahead with renewables....it's all complicated...all has a million moving parts
So....the China news is giving a boost to copper prices....let's see if it has legs. Might be worth a trade between now and when the Orange man is able to start signing papers in a month or so. I'll trade it. I think we get a good lift over the next few weeks as the stim and stock market mania rolls on.
Will pull some off come Jan inauguration.....there will be some serious upheaval when the worst president in US history starts wrecking things
Comment by
metalhead666 on Dec 09, 2024 9:34am
We'll see about the tariffs....Trump wracked up quite a few trillions in debt too and I highly doubt that will stop this term. They system would collapse without Trillions if deficit spending now.
Comment by
metalhead666 on Dec 09, 2024 9:36am
Did you listen to his incoherent rambling babbling interview this weekend? The man cannot complete a sentence or a train of thought. He's incredibly stupid, inarticulate and clueless