HGmain (Copper - main 2503)
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Two key assets to keep an eye on during election week

U.S. bond yields rose further last week, putting gold under pressure, but the long-term narrative has not changed. As far as copper is concerned, the performance of copper prices in the past two weeks has been extremely calm and in a state of volatility convergence, just as all kinds of assets have amplified fluctuations due to Trump's coming to power, thus pricing in advance the possibility after he took office. CORE POINTS1. Copper prices continued to fluctuate last week, and gold fell back after hitting a new highIn terms of precious metals, COMEX gold fell 0.55% and silver fell 5.22% last week; The Shanghai Gold 2410 contract fell 0.46%, and the Shanghai Silver 2410 contract fell 5.12%. Among the prices of major industrial metals, COMEX copper and Shanghai copper changed by-7.53% and-3
Two key assets to keep an eye on during election week

What is the most important asset to watch as the election results come in

The U.S. election is about to give its final answer this week. The ups and downs of swing state data have caused some sensitive assets to take a roller coaster trend around last weekend. However, there are still some varieties fluctuating within a narrow range. Obviously, their breakthrough direction is likely to determine the market tendency in the next stage.Today we are going to talk about copper, which we haven't talked about for a long time. As a wide variety similar to crude oil, copper prices have gone out of a complete bull market and bear market in the first 11 months of this year, and are now just at the central axis level. What's more interesting is that in the past half month, the price has been running within a narrow range of 4.3-4.4 X.Copper has always been said by Dr. Coppe
What is the most important asset to watch as the election results come in

Harris's coming back? Analysis based on early voting

The U.S. 2024 election is just around the corner, and early voting results provide important information about the race.Trump's Winning Percentage Slips, Harris Odds Reverse?Trump's win percentage has slipped in recent times and his polling support has suffered.Since the end of October, Trump's campaign has been hit with a series of negative events, including controversial comments and alleged betting market manipulation, which has seen his probability of winning the election go from up to down, and is now down to 52%.In contrast, Harris' win probability has also improved to 52 percent, with the two sides once again tied.This shows the tension and uncertainty of the election.According to data as of Nov. 2, 67 million voters have cast ballots, with 41 percent of them registered Democrats an
Harris's coming back? Analysis based on early voting

What to trade in the Rate Cut Cycle?

Last week, the Federal Reserve opened a new rate-cutting cycle with an "unconventional" 50 basis points, marking the official end of tightening since early 2022.The background and implications of this decision are worth exploring in depth. $S&P 500(.SPX)$ Extent and path of the rate cutThe Federal Reserve's 50 basis point rate cut is intended to be a quick response to potential economic growth pressures. $Cboe Volatility Index(VIX)$ Although the market is generally positive about the rate cut, but there are also concerns about recession.Powell emphasized in this context, there is no obvious signs of recession, and the future path of interest rate cuts will be more gentle.According to the Fed's "dot plo
What to trade in the Rate Cut Cycle?

Global Markets Hit New Highs: Caution or Ride the Wave?

Among the world's top 20 stock markets, 14 markets have already reached or are continuously hitting all-time highs.Can Nvidia earnings and FOMC minutes continue to push the market higher, or should we be wary of a pullback?With CPI data cooling down, the market is focused on whether the FOMC minutes will provide the latest news on interest rate cuts.Rise in commodities cannot be ignored.$Gold - main 2406(GCmain)$ has hit another all-time high, $Silver - main 2407(SImain)$ has broken through its highest level since 2013, and $Copper - main 2407(HGmain)$ has surged 30% in the past six months.If the upside for stock indices is limited, would you buy meta
Global Markets Hit New Highs: Caution or Ride the Wave?

What Was the Highest Price for Copper? (Updated 2024)

Copper, as an important industrial metal, its price trend has been widely concerned by the global market. In recent years, copper prices have experienced a series of fluctuations. Especially last week, copper prices broke through the $10,000 mark for the first time in two years. This increase not only reflects the current heat in the copper market, but also reflects the global economy, supply chain and energy transformation. The intertwined influence of multiple factors has aroused heated discussions in the market. Will $10,000 be the end of copper prices? Starting from multiple fundamental factors, combined with the latest industrial data, this article will deeply analyze multiple factors affecting the trend of copper prices, and look forward to the future trend of copper prices.1. Distur
What Was the Highest Price for Copper? (Updated 2024)

Why I am bullish on GOLD

$Barrick Gold Corp(GOLD)$ stands as one of the leading names in the mining industry, with a focus on gold and copper production. The company has undergone significant restructuring and strategic initiatives over the years, positioning itself as a modern mining business with a global asset base of unparalleled quality. This transformation has been guided by a long-term strategy that not only prioritizes sustainable profitability but also places sustainability at the core of its activities. Recent developments outlined in Barrick Gold's 2024 Information Circular underscore the company's commitment to growth and sustainability. Barrick's partnership philosophy has already yielded promising results, with projects like the Reko Diq project in Pakistan
Why I am bullish on GOLD

Silver, Copper and Natural gas will get a boost in 2024

Since the Fed announced that it would lower interest rates in 2024, the dollar has started to fall significantly. That's because when interest rates go down, the incentive to save money also goes down. So, the market is expecting the dollar to weaken further next year, which is great news for commodities.Plus, China recently decided to increase its bond purchases by $137 billion, which will help boost the domestic economy. China is the world's largest consumer of commodities, and the electric vehicle revolution and energy transition are also good for certain commodities. In particular, these three commodities are expected to get a boost in 2024.1.Copper $Copper - main 2403(HGmain)$ Copper is widely used in many industries, including transporta
Silver, Copper and Natural gas will get a boost in 2024
avatarRyan_Z0528
2023-10-18

US bond yields above 5% won't last, ETFs like TLT are bottoming?

The two-year Treasury yield $2-YR T-NOTE - main 2312(ZTmain)$ , which moves with interest rates expectations, rose 0.09 percentage points to 5.20%, its highest level since 2006. The U.S. 10-year Treasury yield $10-YR T-NOTE - main 2312(ZNmain)$ is also at a high this year, exceeding 4.8%.Why do U.S. bond yields $2-YR T-NOTE - main 2312(ZTmain)$ continue to rise? What impact will it have on the U.S. economy and the prices of financial assets such as the $USD Index(USDindex.FOREX)$, $S&P 500(.SPX)$ , $WTI Crude O
US bond yields above 5% won't last, ETFs like TLT are bottoming?
avatarFutures_Pro
2023-10-02

Hedgehog Trader: Silver might be ready to start a new 10-year cycle of dominance|

Monthly- Silver Dominance Chart: $Silver - main 2312(SImain)$ successfully completed its second back-test vs the Nasdaq $Invesco QQQ Trust-ETF(QQQ)$ & might be ready to start a new 10-year cycle of dominance! RSI has long been hinting at this through + positive divergence.ImageCopper $Copper - main 2312(HGmain)$ vs US Markets $SPDR S&P 500 ETF Trust(SPY)$ Giving us a tell? 😉 (Maybe the end of the world is NOT upon us.)ImageSource from https://twitter.com/HedgehogTrader
Hedgehog Trader: Silver might be ready to start a new 10-year cycle of dominance|
avatarFutures_Pro
2023-09-28

Hedgehog Trader: USD Set to Fall & Gold Set to Rise

Key points: $USD Index(USDindex.FOREX)$ set to fall. $Gold - main 2312(GCmain)$ $Silver - main 2312(SImain)$ $Copper - main 2312(HGmain)$ perset to rise.Hedgehog Trader: Dumb money piling FOMO style into the Dollar $USD just like one year ago! To the slaughter, Greenback Boogie! A Golden Winter is coming... even more bullishly, Gold is hardly down with USD up!ImageSource:https://twitter.com/HedgehogTrader/status/1707092838771531880Regarding $USD Index(USDindex.FOREX)$, it has rises to highest sin
Hedgehog Trader: USD Set to Fall & Gold Set to Rise
avatar机构有话说
2023-06-09

The falling price of copper is trying to tell us something about a recession

From the domestic macro point of view, it is still unsatisfactory at present, but the price decline has already priced in some negative factors in stages. Considering that the overall decline of other industrial metals has been very considerable, and many of them have fallen near the cost or reduced production, so the weak recovery may start to price towards the end of recovery, and the price will rebound.1. Review of COMEX copper market last weekCOMEX copper price fluctuated and rebounded last week, and the operating center of gravity moved up. The resolution of the debt ceiling problem has given the market some room to risk on, and risky assets have generally rebounded. The weaker economic data in Europe was priced in the previous price decline, while the economic data in the United Stat
The falling price of copper is trying to tell us something about a recession

HG_F: Copper Futures – Reaction Higher from Equal Legs Area

HG_F: Copper Futures – Reaction Higher from Equal Legs Area March 28, 2023 By EWFRafael Hello Traders, in this article we will analyze how we were able to forecast here at Elliott Wave Forecast the reaction higher in HG_F (Copper Futures). Firstly, copper was trading within a cycle from 01.18.2023 in a pullback phase. Secondly, we had in place the first leg of the cycle including the connector in place. This allows us to be able to project the equal legs area of the market. Within these areas buyers and sellers agree to a reaction of minimum 3 waves. Using our system we are able to enter trades with a defined entry, risk and take profit strategy. Our members know how to utilize it in their favor. Having said that let’s go and have a look on how we saw HG_F during 03.14.2023 4 hour update p
HG_F: Copper Futures – Reaction Higher from Equal Legs Area
avatarTiger_Insights
2023-01-12

Institution Views: US CPI may fall sharply in December?

Tonight at 9:30, the US December CPI data will be released. As the last key data for the year 2022, it will directly affect the Fed's interest rate hike path and is highly concerned by investors around the world.Due to the recent sustained low crude oil prices, inflation pressure has been further released. Currently, the market is relatively optimistic about this CPI data and generally believes that inflation growth will slow down further. The consensus expectation for CPI YoY is 6.5%, lower than the previous value of 7.1%; the consensus expectation for core CPI MoM is 5.7%, also lower than the previous value of 6%.Source: TradingEconomics1. AutoGoldman Sachs sees a significant drop in auto prices.On the one hand, used cars saw a net price decline in December auctions, with the u
Institution Views: US CPI may fall sharply in December?
avatarFutures_Pro
2023-01-11

Gold, Silver,Copper hit Months High, Watch Related ETFs & Stocks

Gold, Silver, Copper and metals laughing at FED and saying get ready for again inflation....?$SPDR Gold Shares(GLD)$ $VanEck Gold Miners ETF(GDX)$ $iShares Gold Trust(IAU)$ $Sprott Physical Silver Trust(PSLV)$ $iShares Silver Trust(SLV)$ $Global X Copper Miners ETF(COPX)$ $iPath Series B Bloomberg Copper Subindex Total Return ETN(JJC)$ $VanEck Steel ETF(SLX)$.Gold hit $1,889.3 an ounce on Tuesday, its highest since May 5, Gold 
Gold, Silver,Copper hit Months High, Watch Related ETFs & Stocks
avatarDimitrios_1963
2023-01-06

US Market| Thoughts on Fed Minutes

#Fed minutes….Whilst remaining flexible. They still see more IR increases in 2023 and no cuts.Good employment news continues to be bad news for market concerns with more#FED IR hikes.The more comprehensive nonfarm payrolls report is due on Friday, which would provide further clues on labor demand and the rate hike direction.Markets down overnight and continues the recent pattern.Investors believing the #FED one day and disbelieving them another.#Copper weekly has the spot price moving sideways since early November.$Copper - main 2303(HGmain)$  $NASDAQ(.IXIC)$  $DJIA(.DJI)$  $S&P 500(.SPX)$</
US Market| Thoughts on Fed Minutes

2023 Outlook: Bank of America's Top 10 Trades for Investors

tortoonBank of America strategists sees next year the U.S. will experience a mild recession with the fed funds rate peaking at 5.25% and the Fed eventually cutting in December.Strategist Michael Hartnett and team wrote in a note: Stocks will move sideways and the $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ will end 2023 at 4,000 .  We stay bearish risk assets in H1, likely turn bullish H2, We are long US government bonds in H1 with "hard landing & credit event risks underpriced," maintaining optimal S&P entry points of "nibble" at 3,600, "bite" at 3,300, and "gorge" at 3,000. Source from BloombergNewsHere are their t
2023 Outlook: Bank of America's Top 10 Trades for Investors
avatarDimitrios_1963
2022-11-12

ASX Stocks| Thoughts on Copper Price& WBT

 Copper update $Copper - main 2212(HGmain)$  $Copper - Dec 2022(HG2212)$Now breaks upward and away from that lower base.Breaks past my Trend-line and the 200-D-EMA. Copper the EV/industrial output metal and can be an indicator for the broader market.$Weebit Nano(WBT.AU)$We await qualification in Q1/23, but in the meantime customers can our chips for testing and prototyping ahead of volume production. semiconductores.Follow me to learn more about analysis!!
ASX Stocks| Thoughts on Copper Price& WBT