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Stock Image (The opinions expressed here are those of the author, Andy Home, a columnist for Reuters.) Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder. Sign Up for the Copper Digest Sign Up Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled “Copper is the new oil”. Citi is also firmly in the bull camp with a short-term target of $10,500. “We highlight that the ‘super’ part of th...

EnergyColumn: Supercycle or China cycle? Funds wait for Dr Copper’s call Andy Home 5 minutes read Trucks carrying copper and other goods are seen waiting to enter an area of the Shanghai Free Trade Zone, in Shanghai in this September 24, 2014 file photo. REUTERS/Carlos Barria Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder. Goldman Sachs last week doubled down on its supercycle shout, forecasting copper would average $15,000 per tonne in 2025 in a headline-grabbing April 13 research note titled "Copper is the...

Sentiment Indicators: Using IG Client Sentiment 2021-04-09 17:00:00 Warren Venketas, Markets Writer Sentiment Indicators: Using IG Client Sentiment The IG Client Sentiment (IGCS) is unique, proprietary and potentially helpful to traders. The article will outline the following illustrative points: IGCS as a Technical Indicator: Summary Advertisement What is IG Client Sentiment (IGCS)? IG Client Sentiment (IGCS) is a tool that traders can use in conjunction with a broader technical and/or fundamental strateg...

LONDON, Feb 16 (Reuters) - Copper's red-hot rally rolls on with London Metal Exchange (LME) three-month metal hitting $8,437 per tonne on Tuesday, its highest level since May 2012. Exchange stocks are low and LME time-spreads are tightening. Copper's micro dynamics are reinforcing the macro reflation trade that is lifting prices across the commodities spectrum. Throw in a sprinkling of electric vehicle stardust and you can see why the likes of Goldman Sachs and Citi are doubling down on their bull calls for the copper market. Both banks have raised their 12-month price target to $10,000 per t...

February 6, 2021 | Is a Crisis in the Silver Market Dead Ahead? Ed Steer "Ed wrote the daily precious metal commentary for Casey Research starting in 2008. His stand-alone column became their most highly-rated blog [either free or paid] almost from the outset—and remained that way until he started his own subscription-based website in June of 2015." 06 February 2021 — Saturday YESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUM The gold price didn’t do much of anything in morning trading in the Far East on their Friday.  But starting around 12:45 p.m. China Standard Time it began to edg...