As copper, gold, and silver prices approach all-time highs, what stocks should we pay attention to?
This article uses automatic translation for some of its parts
Following gold, silver, and copper, prices of various non-ferrous metals have risen. The gold exchange rate hit an all-time high on Monday, the silver exchange rate hit a high of 32 dollars per ounce for the first time in 11 years, and the copper exchange rate also hit an all-time high.
Last time, Bitvalley investors introduced non-ferrous metals-related stocks that are likely to benefit from the Japanese market.
Related articles:“Non-ferrous metal stocks” are high due to rising gold and copper prices! What are late stocks? Demand expands due to improved business confidence and inflation in China
Related articles:“Non-ferrous metal stocks” are high due to rising gold and copper prices! What are late stocks? Demand expands due to improved business confidence and inflation in China
This time,Non-ferrous metal-related stocks in the US marketI've put it together.
The third largest gold mining company in the world and Africa's largest gold mining company in the US stock market $AngloGold Ashanti(AU.US$ Canadian gold mining companies have risen 37% since the year to date $Agnico Eagle(AEM.US$ has risen by nearly 30%.
5th largest copper manufacturer in the world $Southern Copper(SCCO.US$ , a major rice mining company $Freeport-McMoRan(FCX.US$ They recently hit new highs, respectively, and have achieved 48% and 28% increases since the beginning of the year.
Canadian Silver Mining Company $Silvercorp Metals(SVM.US$ is 50% or more, $MAG Silver(MAG.US$ is 35%, $First Majestic Silver(AG.US$ has achieved 29% year-to-date performance.
5th largest copper manufacturer in the world $Southern Copper(SCCO.US$ , a major rice mining company $Freeport-McMoRan(FCX.US$ They recently hit new highs, respectively, and have achieved 48% and 28% increases since the beginning of the year.
Canadian Silver Mining Company $Silvercorp Metals(SVM.US$ is 50% or more, $MAG Silver(MAG.US$ is 35%, $First Majestic Silver(AG.US$ has achieved 29% year-to-date performance.
Also, if investors do not want one or more resource stocks,ETFs related to the US marketThere is also one.
● US dollar depreciation
Analysts pointed out that dollar-denominated metal prices, especially gold and silver, have recently been supported by the weakness of the US dollar.
David Miller, the chief investment officer and senior portfolio manager of Catalyst Funds, has stated that the US federal government's budget deficit of 1.5 trillion dollars has led to a depreciation of the dollar, making precious metals relatively strong.
Analysts pointed out that dollar-denominated metal prices, especially gold and silver, have recently been supported by the weakness of the US dollar.
David Miller, the chief investment officer and senior portfolio manager of Catalyst Funds, has stated that the US federal government's budget deficit of 1.5 trillion dollars has led to a depreciation of the dollar, making precious metals relatively strong.
●Safety assets
A common factor in the rise of gold, silver, and dollars is the aspect of “safe assets.” It suggests that global investors view current inflation rates, debt balances, and interest rates as mutually incompatible.
A common factor in the rise of gold, silver, and dollars is the aspect of “safe assets.” It suggests that global investors view current inflation rates, debt balances, and interest rates as mutually incompatible.
● Shortage of supply
Unlike gold and silver, copper is not regarded as a precious metal, but prices seem to be rising due to expectations for increased demand.
According to Jim Wyckoff of Kitco.com, factors such as global supply shortages, improved economic growth, problems with Chinese copper smelters, and market speculation are contributing to this rise, including potential “short squeezes” of Comex copper futures.
Joe Maher of Capital Economics also pointed out that strong demand and potential supply shortages for copper used in electric vehicles and renewable energy projects justify the high price.
Unlike gold and silver, copper is not regarded as a precious metal, but prices seem to be rising due to expectations for increased demand.
According to Jim Wyckoff of Kitco.com, factors such as global supply shortages, improved economic growth, problems with Chinese copper smelters, and market speculation are contributing to this rise, including potential “short squeezes” of Comex copper futures.
Joe Maher of Capital Economics also pointed out that strong demand and potential supply shortages for copper used in electric vehicles and renewable energy projects justify the high price.
● China is motivated to buy more precious metals
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, expressed his views on precious metals and future market trends in Market Domination Overtime.
McGlone discussed the potential impact of China's interest in buying precious metals, and pointed out that while China is a major buyer of gold, silver hoarders are also rumored. He expressed concern that silver would have an unstable pattern of repeated sharp rises and falls like copper. Meanwhile, McGlone maintains an overall positive view of commodities, particularly metals, compared to other commodities.
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, expressed his views on precious metals and future market trends in Market Domination Overtime.
McGlone discussed the potential impact of China's interest in buying precious metals, and pointed out that while China is a major buyer of gold, silver hoarders are also rumored. He expressed concern that silver would have an unstable pattern of repeated sharp rises and falls like copper. Meanwhile, McGlone maintains an overall positive view of commodities, particularly metals, compared to other commodities.
— MooMoo News Zeber
Source: MarketWatch, MINING.COM, Yahoo Finance, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
Source: MarketWatch, MINING.COM, Yahoo Finance, Moomoo, Bloomberg
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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