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“Copper is down 8% this month. Oil is up 50% in three weeks. One screams recession. I'll highlight that.”
“Copper has been referred to as Dr. Copper for decades because copper indicates the the strength and vitality of the overall economy.”
“We've got the biggest economic indicator down significantly copper while at the same time the biggest inflation indicator oil up an astronomical amount.”
“Today $6 copper. What is a deposit in the same belt at the same kind of size worth? Um it's it's astronomical, right?”
“And as we look at current forecasts for new supply of copper, we expect to be 30% short of demand forecasts by 2035.”
“There are some commodities that are doing better than others like copper. That's because China is hoarding. China has so much money supply they're just acquiring real assets.”
“Copper is going to be perpetually um in deficit. So everyone's already heard about all that. when copper is scarce and at times it's going to be very scarce and this is where the speculators really push it up dramatically.”