At its core, inflation is a sign of increased demand driven by income growth
China consumes about 40% of the world’s copper output.
The correction has probably run its course.
It looks due for a retest of the lows.
The yellow metal is holding up well, but the bulls must remain patient.
A boost in exports would push domestic energy prices much higher.
Slowing growth in China, lower demand for base metals and a big ugly chart pattern are the key tells.
Declining demand and lower-cost alternatives nullify its North Carolina project.
Has GLD has taken on a life of its own?
Two new plants are less than 20% built.