Historically, it moves in lockstep with the 10 year yield — and right now, there’s a glaring gap. If that gap closes, copper’s about to get loud. And it’s already whispering.
Copper just hit a 52 week high.
International stocks are starting to hum.
Momentum always shows up quietly before it slams the door. Here’s the kicker: global growth isn’t being driven by the usual suspects. It’s not the...
When gold makes a big move, the rest of the commodities market plays catch-up. And right now, that’s exactly what’s happening. Copper is now knocking on the door of new all-time highs. Meanwhile, Silver is testing a 13-year breakout. Look at the size of this base: The big money has already started shifting — are you paying attention?
Gold just hit 3,000 for the first time in history. Silver is setting up for a move to 50. And Copper keeps pushing at the upper bounds of a multi-year base. That 5 level is the line in the sand for Dr. Copper. Any breakout above this zone will embark it on a fresh leg higher. Looking for uncorrelated trades in this environment has been the right move.
One of the most effective ways to increase our odds of success is by focusing on assets that are not only trending higher on absolute terms but also outperforming their alternatives. This combination is a key ingredient of strong uptrends. Right now, Gold checks both of these boxes. It’s not just flirting with all-time highs , but it’s also carving out a textbook trend reversal relative to the...
Gold Crashed For Two Decades After 1980's Historic Run Nevertheless, the 35% ascent over the last year is notable, and it pays to look back into history to see what happens after major price milestones are hit. In 1980, that all time-high came and went in what seemed like seconds, and after that a rapid decline of more than 50% which carried on for the next 2 decades. It’s only since the turn of...
While the world fixates on AI stocks and Bitcoin, gold has methodically broken into new all-time highs, not just in U.S. dollars, but across nearly every major currency — EUR, AUD, CAD, GBP, JPY. This isn’t just a rally. This is a breakout from the financial system itself.Here’s a 1-year chart and 5-year chart of gold versus the U.S. dollar, the Dow, and the S&P 500: Notice anything?Gold kept...
commodity supercycles — because that’s where the biggest, most violent trends happen. And here’s the thing — when these moves come, they come fast . Look at this chart from Jurrien Timmer (@TimmerFidelity): Click the chart to enlarge it. 🚀 Sugar +2,239%
🚀 Silver +1,158%
🚀 WTI Crude +1,365%
🚀 Nickel, Palladium, Tin — absolute face-rippers. These aren’t your little 5-10% swings. These are ...
One of the biggest drivers? Tariffs. The U.S. government has imposed a 25% tariff on imported steel, aiming to curb foreign competition and boost domestic producers. That means American companies like Nucor (NUE) and U.S. Steel (X) can charge higher prices and increase profits without worrying about being undercut by cheap imports.And the timing couldn’t be better. The U.S. government is pouring...
Chart of the Week Gold just notched its 6th straight weekly gain, a rare feat last seen in early 2023. Since 1979, such streaks have occurred less than 2% of the time—just 22 instances in total. But can the rally continue? History suggests a 50% chance of gold extending its winning streak to a 7th week.
We’ve been all over this move. Natural gas, crude oil, copper — nailed it. But one stands out above the rest… Gold. 🚀 Gold just closed at its highest price in years relative to commodities. Gold’s been on a major run since breaking out of a 6-year base in 2019. And last year? It ripped through a 4 year base to new all-time highs, kicking off another wave of massive outperformance. 📈 ...
Beijing announced sweeping export controls on antimony products starting September 2024, sending prices skyrocketing to $29,250 per metric ton – more than double last January's levels. Today, prices hover near $44,000 per metric ton.
The timing couldn’t be worse for the U.S. Antimony is now the linchpin of next-generation energy storage and vital defense technologies.
Click the chart to enlarge it. Check this out: Gold futures just resolved a continuation pattern that’s been in the works for nearly 100 days.
Momentum? Still in a bullish regime.
Oversold? Never even came close.
This is exactly what strong uptrends look like, and last week’s breakout puts us on track for new all time highs.
We’re adding to our gold position above $2,763, with a target of $3,438...
Copper’s Price Drivers: China, the Fed, and Inventory Woes
To understand where copper might be headed in the near term, let’s break down the three biggest forces shaping its price:
China’s Struggles : China’s economy hit the brakes in 2024, with weak real estate demand, sluggish manufacturing, and rising geopolitical tensions. Copper imports—a key gauge of industrial health—softened, sending...
One, is major Chinese stimulus aimed at propping up the market, the real estate sector, and overall Chinese sentiment. And two, for the Chinese government to continue stockpiling gold , which they’ve done brilliantly the last couple of years while Western nations, such as our neighbors to the north, became net sellers.
What’s really going to be interesting is when Canada, as well as some of the...
“55% of annual demand comes from industry or tech, compared to less than 10% for gold,” Adrian Ash, director of research at BullionVault, tells MoneyWeek . “Look around you; if something’s got an on/off switch, it most likely contains silver.”Other industrial use cases include brazing and alloys, the chemicals industry and medical equipment – the latter benefiting from the fact that bacteria...
Gold prices had a stellar 2024, racking up a 35% gain. Even a bull market in stocks couldn’t compete with that, as the S&P 500 rose 25% and the Dow settled for a 13% improvement.Now, as we head into 2025, gold looks primed for another big year. The metal rang in the new year last week with a 1.5% gain. That took the price of gold to $2,657 an ounce — its highest level in nearly a month.This...
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