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Notable Analyst Calls This Week: Intel, Super Micro Computer and Zscaler Among Top Picks
When Will the Commodities Bear Market Turn Around?
Jeff Currie, a veteran of the commodity for 30 years, believes that the current copper price has a range of 8500 at the bottom and 9500 at the top. Whether it can break through this range depends crucially on china.
Currie said in mid-May that copper was the most attractive trade he had seen in his 30-year career, but three and a half months later, the copper price on the London Metal Exchange fell below $9,000 per ton. Currie believes that the current decline in copper prices is mainly due to the simultaneous increase in copper inventories in Asia and copper exports from China.
Freeport McMoRan Raised to Buy at UBS on 'Compelling' Copper Outlook
Freeport-McMoRan Analyst Ratings
Stock markets are falling, but will gold rise? International gold price at $2500, with the expectation of Fed rate cuts, the logic of digging "gold" in September may still continue.
Although the rumor that "the stock market is falling and gold is still rising" can be seen as a joke, there are still relatively certain investment opportunities in gold ETFs, but we still need to be cautious of short-term fluctuations, especially when the Federal Reserve cuts interest rates for the first time. In the long term, with global central banks expected to cut interest rates, the expansion of balance sheets is likely to strengthen the monetary attributes of precious metals.
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