Gold is on pace for its best year since 1979, up over 60% in 2025.
Source: Charlie Bilello
UBS Hikes Copper Target to $13,000 per tonne 📈
As reported by Reuters, UBS has aggressively updated its projections. The bank raised March forecasts by $750 and mid-year targets by $1,000, predicting prices will climb to a new high of $13,000 by Dec 2026. The Catalysts: ⚡ Demand: Powered by AI data centers & EVs. ⛏️ Supply: "Persistent mine disruptions" widening the gap. Source: Mining Visuals on X https:// miningvisuals.com
The Great Orange Juice collapse continues as price fall to the lowest level since 2021 📉
Bottomless Mimosas on tap for Thanksgiving 🥳🥂
Gold loves rising Japanese rates.
This remains a massive driver of the shiny metal, despite few talking about it on a daily basis. Source: The Market Ear
Crude oil trading near 4.5 year lows as U.S. hails progress in Russia-Ukraine peace talks 👀📉
Low oil prices could be another stimulus for US consumers in 2026(in addition to rate cuts, tax cuts, cheques, more lending by banks dur to financial deregulation, etc.) Source: Barchart
Only 5% of Fund Managers expect gold to trade above $5,000 by the end of 2026, none over $6,000
Source: BofA
Gold stocks broke out of a major consolidation.
Copper miners followed with almost the same pattern. Are energy equities next? Source: Tavi Costa
What a chart... aluminum...
While most of the critical minerals talk in the US is about rare earths, something far more important is happening: US aluminum all-in costs have surged to a record as traders/smelters demand huge physical premia on top of LME prices due to Trump’s tariffs. Source: Javier Blas on X , Bloomberg
