Demand outlook is very bullish for copper, nickel, and all base metals in 2022. Copper usage in DE carbonization and in electric vehicles result in higher demand.
Specs’ gold-futures positioning has far more room for buying than selling. That should be catalyzed by raging inflation from the Fed’s epic money printing, and bubble-valued stock markets rolling over..
With inflation surging, QE headed to the scrapyard (for now), and imminent rate hikes taking the main markets stage, gold looks solid… and feels solid too.
Gold remains stuck at the 18-week moving average. Gold is whipping traders and this is typical during this time of a year. If Gold clears $1,815.70 then..
Young retail traders do not want to trade and invest in gold and silver. They prefer investments which give monthly returns of over ten percent. They have an equally high risk taking ability.
And, now, when the Fed begins to become more hawkish, and reduces its involvement in the market and even calls for rate hikes, gold begins to rally. It was exactly the opposite of what everyone seems to have expected.
