Displaying items by tag: Commodities
Oil Prices Pushing Past Any Headwinds
(Houston)
Oil prices pushed up to $65 a barrel early in the week. Most investors…see the full story on our partner Magnifi’s site
Gold Bulls See Second Stimulus Package as Tipping Point for Another Run
(New York)
Gold had one of its biggest runs last August, but gold stocks and ETFs have been the real…see the full story on our partner Magnifi’s site
Wells Fargo Says Stage is Set for Gold
(New York)
Wells Fargo’s head of real asset strategy John LaForge says gold could hit…see the full story on our partner Magnifi’s site
Forget WFH, Here is the Next Asset Class to Jump
(Houston)
The onset of the pandemic had weak demand for about every good in the U.S. except…See the full story on our partner Magnifi’s site.
This May Be a Tail Risk for Commodities
(New York)
Commodities have been doing great this year. The big rise in demand coupled with weak supplies because of COVID have led to a surge in prices. However, one bright spot—metals—might have some trouble looming on the horizon. There is increasing speculation that the US may scrap pennies. If that happens, it could put a dent in the copper and zinc markets. This dent would not only come from a lack of new demand, but the fact that pennies would be taken out of circulation and recycled. This would amplify the effect by boosting supply to the system and lowering demand for newly-mined metal.
FINSUM: This might have a strong psychological effect even though the total quantity of zinc from pennies accounts for less than 4% of total annual output.