I hear ya cv8r... AA has so many meanings now! Yes, the Cu (Au)...

I hear ya cv8r... AA has so many meanings now!

Yes, the Cu (Au) new focus is certainly good news given our neighbourhood and neighbours.

Today I read that copper is Peru’s most important mineral export by value, amounting to 24% of exports in 2016 worth $8.77 billion. With around 81 million metric tons of copper reserves, it’s the second-largest producer after Chile.

The Forbes article below was making the case that some currencies are tied to certain commodities. For example, the Australian dollar is tied to iron ore given and the Peruvian Sol tracks copper prices.

Frank Holmes (well know gold commentator) said "what most people don’t realize is just how closely some currencies track certain commodities. I have shared several charts that show this correlation over the years at numerous industry conferences. Attendees were always astounded when I got to these slides – and we’re talking professional economists, money managers and CEOs here.




https://www.forbes.com/sites/greats...are-closely-tied-to-commodities/#34e7eb891685