Copper is hitting record levels again, just like gold.
While some investors argue these metals behave differently, the reality is they are strongly interconnected in the long term.
In my view, we are likely in a profoundly constructive macro environment for metals.
Silver,… pic.twitter.com/lwD0j1rBFQ— Otavio (Tavi) Costa (@TaviCosta) March 26, 2025
It is fascinating to me that no mainstream economists, banks, OR financial media companies seem to want to dig into a macro "dog that didn't bark":
WHO IS IMPORTING SO MUCH GOLD INTO THE US THAT IT IS CUTTING GDP IN A $27 TRILLION ECONOMY BY 2.0%, AND WHY ARE THEY DOING IT?!! https://t.co/mjRWxa2wkr
— Luke Gromen (@LukeGromen) March 26, 2025