$Barrick Gold Corp(GOLD)$ 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
HGmain (Copper - main 2407)
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Why I am bullish on GOLD
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
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?
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|
Hedgehog Trader: USD Set to Fall & Gold Set to Rise
Key points:
Hedgehog Trader: USD Set to Fall & Gold Set to Rise
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
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?
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 $1,889.3 an ounce on Tuesday, its highest since May 5, Gold
Gold, Silver,Copper hit Months High, Watch Related ETFs & Stocks
US Market| Thoughts on Fed Minutes
#Fed minutes….Whilst remaining flexible. They still see more IR increases in 2023 and no cuts.Good employment news continues to be bad news for market concerns with more#FED IR hikes.The more comprehensive nonfarm payrolls report is due on Friday, which would provide further clues on labor demand and the rate hike direction.Markets down overnight and continues the recent pattern.Investors believing the #FED one day and disbelieving them another.#Copper weekly has the spot price moving sideways since early November.$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
2023 Outlook: Bank of America's Top 10 Trades for Investors
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
How To Profit From Powell’s Non-Pivot
Fed Chairman Jay Powell shocked the market yesterday when he implied that the final rate that the Fed hikes to will be higher than the market was thinking. At the same time, he said that they might slow down the rate of increases.This shocked the market because they believed that the Fed would be finished tightening by March of next year at about 5%. Now they are thinking much higher, perhaps even to 6%.The market actually believes that inflation will start to come down pretty quickly by March 2023 but take a year or so to decline to the Fed’s target of 2%.But Jay is right and the market is wrong, from one perspective.There are several problems: Inflation may come down next year but very little The recession will cause governments to boost transfer payment keeping inflation high The Fed Fu
How To Profit From Powell’s Non-Pivot
Stock Markets| Thoughts on Nasdap, Copper& WCN
Hello everyone! Today I want to share news and thoughts in stock market with you.Nice bounce overnight. $NASDAQ(.IXIC)$ finally green with cooler Treasury yields.Bear market not over yet though.Not that I support strike actions but this would give the #Copper price somewhat of the boost one would think.Inventory and current price are out of sync.$White Cliff Minerals(WCN.AU)$Just peaking through the resistance line.$Copper - Sep 2022(HG2209)$ $Copper - main 2212(HGmain)$Follow me
Stock Markets| Thoughts on Nasdap, Copper& WCN
Sell Copper Stocks
Look for copper stocks to move sharply lower in the coming months!So many people, mainly politicians, still think the economy is doing well. Even Fed Head Jumping Jay Powell thinks it is. If that is true then copper should be doing really well.But it’s not.It’s in a bear market.And it is going to go a lot lower.Why?I have been detailing for months the destruction of the house building industry. I told you it would happen months ago and it is happening right now. Home building is the biggest user of copper and home construction will be in the tank for months.The auto industry is the second largest user of copper and it will hit the skids in a minute.As the same time, third world countries are being squeezed by higher interest rates and a strong dollar so they will have to pump out much more
Sell Copper Stocks