EVs to drive copper prices higher?

No, I don’t think we are there yet, I don’t think there is a recession imminent just yet as some are suggesting. On the contrary, there are some great things happening right now, some trends are just starting. For instance, electric vehicles sector is just about to take off and bullish oil could just speed up the whole process.

And as you may know, copper is a key element of every electric component because it’s a great conductor. If we assume that a recession is not imminent and among other electrification EV sector is just starting to take off then it is fair to say that demand for copper should pick up too, right? Continue reading “EVs to drive copper prices higher?”

WTI crude oil to $59 and possibly to $68?

My holidays are over and it was nice to see that things that I’ve been writing about are mainly playing out as expected. One of them is also oil. To me it seems it can go a lot higher! There are so many bears because of an over rated shale potential or because so many people think that demand just can’t pick up. I disagree with their arguments, not only that, I take the opposite side! Also, there are bulls but who are not really bullish, rather neutral, as they think oil can’t go much higher.

I wrote a lot about my bullish thesis so many times in the last couple of months. If I focus only on the last two, in the first one I was writing about my $60 WTI price expectations and in the second I wrote an update on the 1st one. I really wouldn’t like to repeat myself, so you are very kindly invited to give them a read. Continue reading “WTI crude oil to $59 and possibly to $68?”

Do you like cocoa? I do. A lot!

Not sure if you are aware of butter products’ shortages in Europe lately, but because of very high demand and reduced supply prices are surging. It feels that financial experts are too busy calling a top in stocks and are missing, in my mind, one of the biggest macro stories of the next couple of years.

What if we start seeing something similar in other softs and agricultures? What if prices of other food products start surging too? I think this could have some serious effects on the real economy.

I will let other people discuss potential effects, but let me rather focus on where prices might go and what you could do about it.

Continue reading “Do you like cocoa? I do. A lot!”