Why it's a 'perfect storm' for commodities right now
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- Опубликовано: 19 май 2024
- Gold prices (GC=F) hit a record high today, boosted by increasing geopolitical uncertainty following the death of Iran's president. Blue Line Futures Chief Market Strategist Phil Streible and Wolfe Research Managing Director Timna Tanners join Market Domination to discuss why commodities - including other precious metals silver (SI=F) and copper (HG=F) - have seen such a boost.
Streible explains that when trading commodities, investors need to identify two things: A supply-demand imbalance and market momentum. He says that in the instance of copper, demand is soaring amid a green energy revolution and an artificial intelligence push:
"The combination pushes demand for copper, silver, and other metallic metals higher for the first time in over a decade, and this comes at a time when increased regulation makes it harder for additional supplies of these metals to come into light and end up in the end user's hands. So, it's just creating this global deficit right now. It's a perfect storm for commodities."
"Don't let the facts get in the way of a good narrative here," Tanners warns. "The reality is, this is really a squeeze that's happening in the financial community more than in the physical market," she explains, saying that copper saw a lot of short squeezes.
"When it comes to investing of any type, you always want to manage position sizing, making sure that it's risk capital that's involved," Streible adds. Tanners also notes that investors should be watching China in the commodities market, as its electric vehicle sector skyrockets and new measures to revitalize its property sector have been introduced.
#youtube #gold #stockmarket
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….and other metallic metals…😂😂😂glad his comments are free here.
I’m rich af right now 🤘🏻🤘🏻 millennial with gold and guns baby
Hell yeah brother!
Murica
I timed this price jump almost perfectly. I’m gonna remember when I bought a stack sub $30
2018 $15.25 for me.
Just wait silver will shock the world
I agree. Wait until the consumer figures out that deficit spending is destroying the dollar. There’s a lot going on whether it be BRICS, or inflation. We are at a breaking point.
Buy bullion….
mark
The squeeze is finally here and will continue for a great amount of time.
There’s not enough supply for the demand meaning price up
@@t-bone7988 A lot of copper was found in Canada, I read a news today
what is this crap?
Nice video¡¡Congrats¡¡Copper moves information;;energy;;water and money¡¡Chile has the major reserves of copper in earth¡¡Codelco has 20% base reserves all over the world¡¡Chile produces 31,9% mine copper every year globally¡¡Base metals chinese demand is =35%-45% yearly all around this so wonderful world due its serius demographic problem¡¡China will be the main driver of global economy in the long term,and this way its % of copper market will follow higher like many years ago¡¡In my view,copper outlook remains price- positive in the long term(US$6,25 /LB CASH GRADE A (SPOT MARKET)in Q1 2025 or Q2 2025??? Why not??)¡¡At the present ,we have a low global copper supply rate v/s a so high global copper demand rate ,so we''ll see all time high records in copper prices the next years¡¡Market fundamentals are clear¡:A low supply with a high demand is=High copper prices¡¡We have copper's lack right now because there's a big copper's deficit¡¡It's very important to increase mining exploration investments to look for new mines and deposits¡¡Without exploration there's not nothing¡¡Very best¡¡