The reason it pulled back from the 3.30 is still there. As they keep raising rates copper will come will come. Stock piles have been shifted around and used as insurance for various global events and not all concentrated in the LME anymore. Gold failed to break-out and most likely spend the next decade between 1350 and 1200 in the absence of a global crisis. Oil failed to capture higher highs and no so sign of reduced production amid concerns the producers will lose market share. I imagine if electric vehicles take off we will be replacing our warn out electric mowers with petrol powered again because anything that has electric motors will be too expensive and oil super cheap. A really interesting transitional period coming up and I am sure there will be a multitude of opportunities.
AVB Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held
