The dip in commodities is temporary in my opinion. Most fiat currencies are being debased. US Inflation came in hot last night even though commodities are dipping. Imagine what's going to happen once commodities start rising as a natural hedge against inflation. That is all happening while inflation os being offset by deflation in tech and productivity.
US is trying to keep inflation in check before the election, question is whether they succeed, as it appears that commodity exporting countries are keen on hurting the US before election.
I reckon commodities will start picking up in Q2-Q3 once gold has had its run.
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3.6¢ |
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Mkt cap ! $30.85M | |||
| Open | High | Low | Value | Volume |
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