MacroVoices #432 Jeff Currie: Metals, Energy, Commodity Super Cycle & More
Macro Voices
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Exploring Recent Gold Market Fluctuations and Outlook for Gold and Copper
The chapter features an interview with Jeff Currie discussing the sudden drop in gold prices due to economic data from the Chinese Central Bank halting gold purchases, leading to selling pressure. They analyze the bullish thesis for gold, predicting a price range between $2700 to $3000 in the next year and express optimism towards copper's long-term demand despite recent challenges, viewing the sell-off as a buying opportunity. The conversation highlights shifting dynamics in the copper market, emphasizing its behavior more like a commodity and the importance of roll yield as a source of returns in commodity markets.
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