Disliked{quote} An important question to ask, is why has the price increased so dramatically? I know with lumber, they almost shut down production in anticipation of demand shrinking significantly due to the pandemic. But housing continued and they couldn't meet demand. I would Imagine a similar situation with other raw materials.Ignored
also
If Joe gets the other 4Trillion ? packages, thats the same thing.They have to print it into existence as debt then spend it into the real economy.This is new money in circulation not digital in the banking system.
Not to forget the psychology of it all, price of copper just doubled better buy more than I need.
Looking at the chart I'm saying that won't be going back anytime soon that means it has to feed through to the consumer .
Copper, a beautiful momentum trade- just broke its all time high.
If any data next week shows inflation interest rates will jump.
https://www.zerohedge.com/markets/do...-commodity-put
"Looking forward, we see upside risks developing for oil prices as we approach the high demand summer months in conjunction with the re-opening of key cities and regions. We expect this year’s strong investor interest in commodities to be more persistent in nature and related to an ongoing strategic rotation across asset classes."
#doyourownanalysisordietryin
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