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Doctor Copper goes to town! Copper prices are on an upward trajectory, entering new and uncharted territory.

This development suggests that copper could experience volatility like recent trends in the coffee and cocoa markets, where prices have approached or surpassed historic heights. The market is beginning to recognize a structural shortage in copper. While discussions regarding President Trump’s tariffs on copper and the supply constraints are prevalent, these short-term factors aside, it is evident that the market has long anticipated this situation. The ongoing realization of a structural shortage in copper necessitates significantly higher prices to meet the growing demand, particularly for applications in artificial intelligence technology.

Double, double toil and trouble. We said copper prices would double, and we think it will double down from here. I anticipate significant fluctuations in the price of copper. I previously predicted that copper would double in price, and I continue to support that prediction. I made this forecast on Business First TV and made it again.

Gold prices continue to make record highs in India one of the biggest consumers of the yellow metal is being forced to banks and changes.  Reuters reported that “India has discontinued parts of a scheme that encouraged households and institutions to deposit idle gold in exchange for interest payments. The gold monetization scheme, introduced in 2015, included gold deposits for 1-to-3 years, 5-to-7 years and 12-to-15 years. The 5-to-7 and 12-to-15-year deposits have been discontinued, the finance ministry said late on Tuesday, citing evolving market conditions and performance of the scheme.”

Bloomberg Reported that “The rush of gold bullion deliveries into New York depositories from overseas will likely keep the US goods-trade deficit close to a record.
February merchandise-trade data on Thursday are likely to show the deficit grew to almost $162 billion, according to Stephen Stanley, chief economist at Santander US Capital Markets. He’s one of several forecasters who expect the deficit to widen, or at least stay close to January’s $155.6 billion, though the median projection in a Bloomberg survey calls for it to narrow.  Much of the widening can be traced to imports of gold.

Inventories of gold in New York’s commodities exchange surged another 25% last month after climbing 43% in January. Stockpiles on the Comex stood at a record 42.6 million ounces on Tuesday, nearly double the inventory at the end of 2024 according to Bloomberg.

Silver prices have been volatile and even though they are underperforming right now there’s more expectations that silver should take off based off historical standards silver is still extremely undervalued. Our expectations are that when silver makes a run at the all-time high that if it can break through that area, we could see the price of silver double as well.

A new industrial revolution for metals is here. AI data centers and future products will drive market demand. And the volatility will be high presenting wonderful opportunities for traders to take advantage of it so make sure you sign up for the Phil  Flynn daily trade levels and call me if you need help with ways to take advantage of these historic moves in the metals markets.

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