Trump presidency means inflation for commodities as he wants to spend 500B on upgrading infrastructure. Copper is going to soar to new highs.
First, welcome back to the forum. Haven't seen you post for almost a year!
I definitely agree with your statement. What will be interesting to see is how interests rates "adjust" as USA infrastructure spending increases while tax revenues decrease if Trump is able get his lower tax plan implemented. Means big increases to an already huge national deficit nearly $20T now.
Then consider USD$ international cash and treasury reserve holdings of countries worldwide who are now "diversifying" and trading more and more with Chinese yuan and also what appears to be a plateau and falling off of US treasury holding by worldwide central banks. Their slowdown or lack of buying (of US debt) will force higher interest rates regardless of the Federal Reserve policies, interventions, manipulations or desires.
All inflationary forces and big money investors are probably waking up to the fact that this is a big tail wind to commodity prices and COPPER sure seems to be catching that bid. Of course a bit of a short squeeze always helps!
Now if we can just get Elmer and Teck to get things moving!!
