Goldman Predicts Copper to hit $5 next year
Goldman Sachs predicts copper will rise to $5.39 next year and keep on rising in the following years. The average copper price of all forecasters is $4/lb.
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Lithium Demand to Surpass Supply
Lithium demand is expected to surpass lithium supply in 2022-2024. This deficit will lead to an increase in lithium price. Lithium is also much better than hydrogen from an energy efficiency perspective .
Sprott Holdings Update November 2021
Sprott filed its new holdings . Sprott bought: FSM (which crashed recently), Nucor, a bunch of uranium miners. Sprott sold: RIO, XOM, FCM, Platinum, a bunch of silver miners.
Carbon Taxes to Benefit Copper
Higher carbon taxes will push up the substitution curve and benefit copper vs aluminium.
EIA and OPEC Forecast Oil To Plunge
The EIA forecasts oil to plummet. And OPEC expects an oil surplus in Q1 2022.
$1 Trillion Infrastructure Bill Passed
The $1 trillion infrastructure bill just passed . This will benefit commodities like copper. —$40b bridges —$70b roads —$11b safety —$39b transit —$66b Amtrak/rail —$7.5b e-vehicle chargers —$5b clean buses —$17b ports —$25b airports —$50b water resilience —$55b drinking water —$65b broadband —$65b electric grid —$21b enviro remediation —$73b power/clean energy Roads and bridges: Headlining the 2,702-page bill 's spending, roughly $110 billion of new funds would go toward improving the nation's roads and bridges, and investments in other major transportation programs. Public transit: The package also includes the largest-ever federal investment in public transit, allotting $39 billion to modernize systems, improve access for the elderly and people with disabilities, and repair more than 24,000 buses, 5,000 rail cars and thousands of miles of train tracks. Amtrak: The legislation marks the largest investment in passenger rail since the creation of Amtrak 50 years ...
Fed Tapering
The Fed started tapering . This should start the bull market in gold since the whole narrative changes. Sell the news event.
Gold Forecaster Index: Rate Hikes Are Good For Gold
When the Fed hikes rates, gold actually goes up .
