Weekly Note: AngloGold is a Copper Miner Now- RBC Report
TD Silver Comment confirming CTA Selling is growing
Good morning:
Housekeeping: We have a bunch of original content being rewritten for next week1. Until then, we will hit you all up with more reports than usual and share some good public stuff we find for your reading pleasure along with the usual posts.
One Work in Progress…
Comments on Silver, Gold, CBDC (and 15 minute cities) the crux of the BRICS/G7 Problem and other stuff are forthcoming.
Founders: We had a very nice chat with an Energy trader on Oil, Biden, and the coming collision between policy and reality.. along with some trading comments. We will share as much of that as we can with you all.. it was enlightening.
ANGLO-GOLD
The RBC report on Anglo is important we think for mining folks. We will increasingly see Copper and Gold miners merge to compete with firms like Anglo. There is good reason for this beyond the geological.
Gold miners get better valuations when they have Copper exposure due to its Net-Zero profile. Bank of America told us as much in January this trend would begin.
From the January Report: Gold Goes Green…
They were correct.
Full report below plus TD Silver Comment confirming what was discussed in this space last Sunday