Posted on 02/19/2021 3:21:00 PM PST by Sawdring
Copper futures topped $4 a pound on Friday for the first time since 2011, with expectations for a global economic recovery and a rise in renewable energy sources lifting the industrial metal’s demand outlook.
Copper demand and prices “should continue to benefit from a recovering global economy and [a] transition to “green” energy sources,” said Brent Cook, an economic geologist and senior adviser for the newsletter Exploration Insights.
(Excerpt) Read more at marketwatch.com ...
Also on the rise: Crispy critter deaths of copper thieves attempting to steal live wires.
I read there are a bunch of commodities going up dramatically. Thankfully there is no inflation.
Yep. Somebody tried to steal one of my mom’s air units a few years ago.
No doubt air conditioners will be sold as scrap, turning $50 of scrap into a $3,300 homeowner headache!
Time to check your homeowner’s insurance...
One of the first signs of inflation is the rise of commodity prices; not just one commodity, but more like a basket of various commodities.
I read there are a bunch of commodities going up dramatically.
Money cashed out of the stock market needs to be parked someplace. Real estate is pretty overheated right now. That doesn’t leave many options.
If you have any scrap Rhodium laying around now is the time to bring it in.
Housing production will be slowed as existing home prices continue to rise. Lumber is way up too.
Post January 20, non-ethanol premium is $4/gallon today in Oregon.
What was it before Biden?
PPI was a bit hot this week too, so producers are seeing it. I’m thinking it will show up in consumer numbers by summer. Of course regular people will notice the inflation before the official numbers are out. I think there is a real chance we experience some 70’s style stagflation under Biden.
Ammunition!😎
You are spot on about the CPI in late spring early summer.
It will be interesting to see what happens to the Producer Price Index over the next six months. I would not be surprised to see inflation in the 3 to 5% range by next year.
Pity us poor savers earning 2% on our savings accounts and paying taxes on the interest income to boot.
Oh great...
Keep an eye on your air conditioners, folks.
Is that Han Solo?
The US Government is buying a lot of copper, they will need it for the electric fences around the "Reeducation" Camps.
YOU’RE GROUNDED !!!
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