Housekeeping: Founders Early Look. This recording will be released to Premium Subscribers later in the week. The report discussed is here
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Find attached:
A dry read through of Goldman’s latest Metals report focusing on Copper and Gold with substantive implications for Silver.
Exhibits.
GoldFix comments where appropriate, are isolated at the end of each section to minimize flow interruption.
Thank you.
Topic Timestamps:
0:00- A turn in the industrial cycle.
2:16- China’s green policy put.
4:53- Europe’s price stimulus.
6:52- Copper’s supply shock progresses.
10:40- Gold’s bullish reawakening.
13:30 - Extended translation/ Gold comment.
21:18- Aluminium’s China import surge.
24:30- Iron ore’s sobering sell-off.
27:26- Final word on this report’s implications.
