I'm not seeing long gold, to be honest; not particularly, anyway, other than a slow drift maybe. OTOH, I rarely make money betting against Catnip, so he's probably right :-)
Unlike gold (which has mystique, and jewellery value, but not much else, unless perhaps you are a high-class dentist :-) ) copper is a real-world element with some excellent properties which will probably always be useful.
I can remember (and have quoted this before), before digital cameras, when everyone still used film, people in the photographic industry worrying about potential shortages of silver (used in film). Well, nobody at that point, foresaw the digital revolution. I don't know if it directly contributed to any drop in the price of silver (I wasn't following the markets in those days), but it must have made a difference.
Possibly the same could happen with copper, but I doubt it somehow.
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
How bitcoin halvingreduces bitcoin inflation below that of gold and how its "hardness" can beat every other asset & currency over time. Watch here.
كيف تنخفض نسبة التضخم في بيتكوين تحت نسبة تضخم الذهب و ما يعني "صلابة" بيتكوين كعملة او إرادة؟
Latest Hot-Chart - Apr 09
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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I wasn't in cable at the time.
There was a much smaller, but roughly corresponding jump up in EUR/GBP at a similar time.
OTOH, I rarely make money betting against Catnip, so he's probably right :-)
Something I've learned the hard way.
Hope I've learned, anyway.
May be amassing strength for another attack next week.
He couldn't do worse than I am doing.
I would repeat my question: Is there any specific reason for this timing? (which was early Q4).
http://news.bbc.co.uk/sport1/hi/football/world_cup_2010/matches/match_61
Unlike gold (which has mystique, and jewellery value, but not much else, unless perhaps you are a high-class dentist :-) ) copper is a real-world element with some excellent properties which will probably always be useful.
I can remember (and have quoted this before), before digital cameras, when everyone still used film, people in the photographic industry worrying about potential shortages of silver (used in film).
Well, nobody at that point, foresaw the digital revolution. I don't know if it directly contributed to any drop in the price of silver (I wasn't following the markets in those days), but it must have made a difference.
Possibly the same could happen with copper, but I doubt it somehow.