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"We're In A New World" - Commodities Crash-Up At Record Pace As Iron Ore, Copper Explode Higher Overnight

Expand "Were In A New World" - Commodities Crash-Up At Record Pace As Iron Ore, Copper Explode Higher Overnight by Tyler Durden Monday, May 10, 2021 - 08:36 AM "Transitory" or not, Goldmans global head of commodities research, Jeffrey Currie, told Bloomberg this week that "were in a new world," and nowhere is that more evident than in the record-setting increase in the price of commodities across the globe. From US/Canadian lumber to Chilean copper and Chinese Iron Ore, prices are soaring with...
South Gloucestershire United Kingdom City Of South Australia Doubleline Jeff Gundlach Jeffrey Currie

Gold Surges To Best Week In 6 Months, Crypto Soars As Dollar Crashes

by Tyler Durden This was not the shitty jobs data you were looking for... Or put another way... But by the end that difference has converged... The Dow led the way this week, charging to its best week in two months amid terrible jobs data. Nasdaq, on the other hand, is down for the 3rd straight week. Small Caps managed to cling to the flatline... Todays bounce back in Small Caps pushed them to close back above the 50DMA... "Most Shorted" stocks suffered their biggest weekly loss since Oct 2020....
United States Cathie Wood Elon Musk Tim Young Timrunshismouth Jim Vogel Tim Young

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