Copper prices beat their previous all-time high of 2011 to a smashing $10,190 last week and mining stocks are surging. While their 2011 price surge was fueled by one country – China and its reliance on raw materials for their economic growth – this time around, the entire globe is clamoring for copper. If going…
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Oil stocks are surging in 2021 but these factors could derail a bull run
After surging more than 30% in 2020, oil stocks are still finding themselves stuck between an oil shale and a hard place. Oil demand is swinging as different countries struggle with COVID outbreaks: Europe – the EU is planning to ease restrictions for vaccinated travelers, which could increase the demand for oil. India, the third-largest…
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Surging commodity prices have analysts forecasting a supercycle
Econ 101: When demand is greater than supply, price rises. In the commodities (i.e. oil, copper, aluminum) market, when demand is higher than supply for a long period of time — it’s called a “supercycle”. Rising commodity prices are leading analysts to predict that we could be in for another supercycle. Supercycles are rare to…
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Silver jumps as retail investors look for the next short squeeze
Silver will always remain second place while gold goes to… GameStop? Last week, a WallStreetBets post started a rush to silver ETFs — pushing up the silver prices by over 15% to an 8-year high. The iShares Silver Trust ($SLV), the world’s largest silver ETF, saw an inflow of nearly $1b last Friday. Stop sending…
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