The 2006 Halfway Point During the last major bull market, gold spiked to $730 in 2006 and then consolidated for 16 months before resuming its uptrend. That marked the halfway point of the decade-long bull run. The 2026 Halfway Point? A repeat of the 2006 halfway pattern in 2026 would suggest gold remains range-bound between $4,000 and $5,600 into 2027, before entering …
Continue ReadingThe European Union and the US are nearing a deal to coordinate critical minerals production and supply chains, aiming to reduce reliance on China. The proposed agreement, reported by Bloomberg News on Friday, would introduce incentives such as minimum pricing mechanisms to support non-Chinese suppliers, according to a draft action plan seen by the news outlet. The plan also calls for cooperation …
Continue ReadingA two-week ceasefire in the Iran war has dispersed some of the macroeconomic gloom enveloping the copper market, but there may be an even bigger problem for copper bulls. China, the world’s largest user of the metal, has demonstrated it is not prepared to pay for physical metal at the sort of elevated prices seen in January, when London Metal …
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