Job's data coming out. End of the month and quarter so will get window dressing and other action today. Gold has to get over $1,791 to break the pattern of lower highs and lower lows.
Take a look at this long-term CRB commodity index chart. I’ve suggested that “Inflation Wave One” has ended and it appears that Lacy has a similar view.
The Fed is caught between a rock and hard place and we look at that and where is all this money that has exploded money supply and the Fed’s balance sheet going.
New mines supplies of copper will be limited. The world will be in a copper deficit over the coming years. Only a sharp increase in recycled copper will also reduce the future deficit in copper.
