Hey @arsenic don't underestimate US government grants for critical metals projects in the interim.
This becomes even more obvious when one realises they are running a wartime economy with current deficits and debt/gdp.
The Fed is expected to start next rate cutting cycle next week and this has been telegraphed by Powell last meeting.
You don't stay a hegemon if your interest expenses are greater than your defence spending. (Ferguson's law).
DXY should drop, USD weakens and Aud (and CDN) being commodities currencies should strengthen (wars are inflationary). what's a pound of copper worth in a war time scenario (cold war 2.0 at this stage) vs a peace time one?
Streaming option looking better as the PMs cycle just gets started. The S and P is going up in dollar terms but in gold terms it's sideways.
That's the beauty of inflationary policies, transfer the wealth via the hidden tax of inflation. The denominator matters more so this decade.
Lets see how things shake out if the rate cutting cycle begins next week.
NWC Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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