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Is copper too cheap relative to gold?
Summary: Today, a thorough look across the commodity space with Saxo Head of Commodity Strategy Ole Hansen, discussing the latest developments in oil, refined products and the natural gas markets, the drivers for the recent record highs in the copper price and whether that price remains "too low" relative to gold if suppliers are to increase production. Elsewhere, a discussion of the latest moves in equities, a still heavy focus on FX and rates as the yen is on the move and yields are pushing on the highs for the cycle ahead of the ECB meeting tomorrow and US August CPI report up on Friday. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy.
Listen to the full episode now or follow the Saxo Market Call on your favourite podcast app.
Links
- Does heavy AI us mean that students don't learn as much? Probably, but there are nuances. "In China and many other countries, well-designed tutoring tools already exist, often at nearly zero cost. Most students just do not use them. Rather, they prefer general-purpose AI tools that make it easy to outsource homework."
- Erik Townsend points out the very high cost of the most recently completed US nuclear power plants and wonders if the new ones can be built (by a South Korean outfit) in the US at prices that are proven possible elsewhere and some 75% lower. Stumbled across another interesting post on NexGen Energy and long-term uranium supply as well.