MacroVoices #373 Ole Hansen: Commodities Update
Macro Voices
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The Copper Market Is Inactive
Gold has been benefiting from that US dollar weakness in general. I think Gold will, on first reaction, move inversely to what the dollar is doing. We just really have a copper market that's inactive. It doesn't mean it's going to be outright bearish, but clearly, no new bull cycle is underway yet.
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