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Why Now is Good Time for Investors to Scoop Up Copper

Copper has been consolidating between $3.50 and $4.00 per pound since late April 2023. At just over $3.85 per pound on July 13, now could be the perfect time to begin buying copper as the prospects for higher prices remain compelling.

Barchart · Jul 13, 2023

Why Investors Should Consider Buying Gold Now

Gold was the best-performing precious metal in Q2 and over the first six months of 2023. The rare metal fell 2.01% in Q2 but was still 5.65% higher than the 2022 closing price on June 30. Gold remains in a long-term bull market, and the prospects are for higher highs…

Barchart · Jul 12, 2023

Is Now a Good Time to Buy the Dip in Precious Metals?

The precious metals sector includes the rare commodities trading on the CME’s COMEX and NYMEX divisions. Gold and silver are the most liquid metals and trade on the COMEX. Platinum and palladium are industrial and precious metals that trade on the NYMEX.

Barchart · Jul 6, 2023

A Mining Legend Says Copper is in the Buy Zone

Copper prices continue to make lower lows after reaching a record $5.01 per pound high in March 2022. The copper market’s technical trend remains bearish, but fundamentals do not support the red metal’s current path of least resistance.

Barchart · Jun 1, 2023

Copper Update - Pretty Fundamentals and Ugly Technicals

Fundamental supply and demand analysis finds support from technical analysis; the case for higher or lower prices can be compelling. It creates market confusion when they diverge, leading to sudden and potentially violent price volatility. Copper’s fundamentals remain bullish, but the technical picture has turned ugly.

Barchart · May 20, 2023

Is Gold on a Launchpad?

Gold was sitting above the $2,000 per ounce level on the nearby COMEX futures contract on May 5, 2023. Gold is the world’s oldest currency, and profound changes in the global financial system could mean an explosive move in the precious metal as the only thing governments agree on is…

Barchart · May 7, 2023

After Reaching a One-Year High, is Silver Ready for Explosive Gains?

Silver can be the most volatile precious metal as it attracts speculative and trend-following interest on the up and downside. Silver has long been gold’s sibling, and the yellow metal rose to a new record high this week. An explosive rally in silver could be on the immediate horizon.

Barchart · May 5, 2023

Has Palladium Found a Bottom?

Palladium is the least liquid precious metal trading in the futures market. Palladium prices fell steadily from March 2022 through March 2023 but may have found a significant bottom after the one-year price correction that took the metal over 60% lower from the record high.

Barchart · May 4, 2023

Copper Falls Below $4 per Pound

Many market participants remain bullish on the prospects for copper prices as Goldman Sachs and other analysts continue to call the red industrial metal the new crude oil. Copper is a critical input in green energy initiatives, boosting demand in an environment where inventories have declined, and new production will…

Barchart · May 1, 2023

How High Can Silver Rise?

Silver is the most speculative precious metal. Gold and silver have a long history as financial assets, but few governments consider silver a reserve asset. Meanwhile, silver is an industrial and precious metal that tends to outperform gold on a percentage basis on rallies and underperforms during bearish periods. In…

Barchart · Apr 23, 2023