By SIMON CONSTABLE
Copper prices will probably tumble nearly 20% over the next 12 months as demand cools and supplies stay stable amid a likely economic slowdown, experts say.
“I wouldn’t be surprised to see prices edge lower,” says Carlos Sanchez, director of commodities management at New York–based CPM Group. Read more here.
By SIMON CONSTABLE
A long-time bear on investing in gold bullion seems to have flip-flopped.
Now he’s bullish, and how! Read more here.
By SIMON CONSTABLE
We all know inflation is bad right now. But will the Federal Reserve’s actions have any helpful consequences?
Probably not, new research shows.
“The prevailing view that rate hikes are causative in curbing inflation implies a negative correlation between the two variables,” writes David Ranson, director of research at financial analytics firm HCWE & Co. Read more here.
.jpg)
By SIMON CONSTABLE
Ouch! The invasion wasn’t expected, and it wasn’t pleasant. But the war between Ukraine and Russia was central to commodities prices this year. The impact of the conflict is still being felt globally.
On Feb. 24, Russia invaded Ukraine, following weeks of military buildup dating back to 2021. The move sent shock waves through commodities markets. Read more here.
.jpg)
By SIMON CONSTABLE
Enough already with the recession talk.
For at least six months, many economists have been forecasting an imminent economic pullback or collapse that would crush the U.S. economy.
Like so many things forecast in the media, it hasn’t happened. Not by a long way. A piece I wrote in June indicated there were few signs of recession, just slower growth.
Still, the calls of economic oblivion keep on coming relentlessly and yet no recession has emerged.
That failure and similar ones is probably the root of the Wall Street quip: “Economists were invented to make astrologers look good.” And those astrologers are looking better every day.
.jpg){kind=link}
