Part 4/10:
Clive Moour shared data indicating that copper is showing signs of a major breakout. Technical charts reveal that copper, which has not reached new highs since 2006 when adjusted for inflation, is now building up for a substantial surge. The recent parabolic trends in gold and silver are matched by similar patterns in copper since mid-2022, hinting at a synchronized rally.
This is especially critical given copper's role in defense, AI infrastructure, and renewable energy. The U.S., under the Trump administration, has aggressively sought to secure domestic mineral supplies, recognizing copper's strategic importance amidst escalating competition with China. Tungsten and silver are also being designated as critical minerals, emphasizing their strategic significance.