Tag Archives: industrial metals

Gold has surged to record levels, reinforcing its role as a monetary hedge, but the question for 2026 is whether upside is becoming more limited. Copper, by contrast, is increasingly tied to structural demand from electrification, artificial intelligence infrastructure, and global industrial expansion. While gold is largely held as a store of value, copper is consumed as a critical input across power generation, data centers, transportation, and manufacturing. With inventories tight, prices elevated, and strategic stockpiling accelerating, copper may be positioned for a stronger relative performance cycle as global capital spending shifts toward energy and technology infrastructure.

Silver has gone through many phases over the past 5,000 years making it the most dynamic of all precious metals as this infographic so clearly illustrates.

Back in April and May, it looked like the economy was falling apart, the euro was going to come unglued, and stocks were going to plunge. Sentiment was extremely bearish and volatility was jumping. Now in August, you can't find a bear anywhere on Wall Street! Me? I continue to be worried about the likelihood of a sharp market decline this fall for several reasons which I share with you below. Words: 495