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Message: Re: Markets

May 09, 2024 09:38AM

Copper and molybdenum prices are higher today as well.  Although many forecasters I follow have been suggesting lower precious metals prices ahead of a strong move into record highs, there is always an "if."  That "if" includes a sudden shift in the economy into a strongly slowing trend, which may now be developing.

Add in news of a slowdown in travel bookings and a trend toward paying down credit card debt, and one would have to expect that economic change is underway.  That MAY sustain higher metal prices for the next little while. 

 


May 10, 2024 09:46AM
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