To The Moon

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 $Gold - main 2302(GCmain)$ $SPDR Gold Shares(GLD)$ hit 8 month high.  

Last Friday's U.S. jobs report showed strength in the labor market despite the Federal Reserve's efforts to cool economic growth, sending U.S. Treasury yields and the dollar lower and boosting gold prices.

$XAG/USD(XAGUSD.FOREX)$ maintained its upward trend and is now trading around $24.01 per ounce.

Cited from Economies.com, the price of silver managed to break through the first bullish target of $23.75 an ounce, which opened up room for silver prices to rise further.

Benchmark LME 3-month copper rises above $9,000 per metric ton, highest in 7 months. and $Copper - main 2303(HGmain)$ rise above the price since June. 

Copper has bounced since China reopening.  In 2022, one of the most important topics surrounding copper varieties is the physical support brought by "low inventory". Copper price is also holding firm as supply is under growing stress with the world’s shift to renewable energies. 

What's more, Steel stocks $VanEck Steel ETF(SLX)$ pushing to new relative highs...

Institutions' Outlook of Metals in 2023

It is a good time for gold, silver,copper. Gold and silver prices are strong, supported by continuing worries about problematic inflation ,Weakness in the U.S. dollar index, the possibility of a pause in the Fed's rate hike cycle, and demand after the restart of the Chinese economy.

David Neuhauser, founder and chief investment officer of Livermore Partners, said on Tuesday that he expects the recent rally in gold to continue as investors see further dollar depreciation likely in the coming years.

Ole Hansen, head of commodity strategy at Saxo Bank, said on Tuesday, "Gold prices have also been boosted by the reopening of China, and there are signs that the gold market is very crowded and in demand ahead of the Spring Festival."

A report by India's leading commodities market research firm Prithvi Finmart named gold, silver and industrial metals as the top performing commodities for 2023.

Randy Smallwood, president and CEO of Wheaton Precious Metals, echoed those sentiments, saying last week that while 2022 was the "year of the dollar," 2023 will be the "golden year."

Manoj Jain, director of Prithvi Finmart, also mentioned that gold and silver are the best investments in 2023, and gave a target price of gold breaking through $2,000 an ounce.

Questions For You:

Should investors remain bullish on gold, silver, copper……?

If enough of these commodities get a lift could that put pressure on inflation again?

What related stocks in your watchlist？