Geraldo Del Real Junior Mining Monthly Outsider Club 20206 Jan 2020 20:36
I’ll believe it when I see it but progress on the trade front is very positive for what many are calling the next big metals trade of 2020 — copper.
Goldman Sachs' Jeffrey Currie thinks copper is “set to inflect” in 2020 due to strong growth in China.
Morgan Stanley, Bank of America, and Citi also have positive expectations for copper and an improving global economy.
Goldman continues its copper investment thesis, saying:
“Copper is our most bullish view,” for 2020, according to the commodity team. Copper demand in China has been particularly restrained by “poor performance in the grid, property and transportation sectors” and that’s likely to change heading into 2020. “We expect strong completion growth in the next two years, continuing a positive trend in the property sector since August,” and grid investment is likely to pick up strongly in the first quarter of 2020 thanks to the government infrastructure stimulus.
Meanwhile, the “strategic case for gold” is still strong.
I don’t often find myself agreeing with the vampire squid squad but in this case I think they are spot on.
You can expect the major U.S. indices to continue to make record highs as the Fed continues to provide sugar for the Kool-Aid that is the U.S. stock market.
There will be corrections, there will be increased volatility, but the trend is clear and sugar daddy Jerome Powell is the stock market’s friend before all others.
Just thought I would copy and paste this man's views I read tonight! Eish
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