Wall St. For Main St., Released on 5/17/21

Before a correction late last week, iron ore prices popped 10% in a short amount of time.

Iron Ore Turns ‘Very Hot’ as 10% Surge Adds to Commodities Boom https://finance.yahoo.com/news/iron-o…

Copper prices are near an all time high and copper has rallied from $2.33/lb in mid May 2020 up to $4.65/lb as of the recording of this video.

Track the copper price here: https://www.nasdaq.com/market-activit…

The copper to gold ratio (not the gold to copper ratio which Aaron Basile talked about in yesterday’s video) is showing that copper prices are going parabolic relative to gold prices. This means that gold is very undervalued (and a better bargain) relative to copper.

Track the copper to gold ratio here: https://www.longtermtrends.net/copper…

What can stop copper, iron ore and other base metal prices from rising?

Chinese credit contracting, demand in China collapsing or more mine supply coming online are the main reasons that this new bull market in base metals could stop.

What Can China Do to Control Record Commodity Prices? https://finance.yahoo.com/news/china-…

Metals Rally Falters With China Cracking Down on Steel Sector https://finance.yahoo.com/news/metals…

Costs For Chinese Manufacturers Are Rising In Large Part Due To Higher Commodity Prices:

1) Inflation re-cycling: Chinese exporters pass higher costs on to customers around the world https://wtvbam.com/2021/05/14/inflati…

2) China’s factory-gate prices surge by most in over 3 years https://www.cnbc.com/2021/05/11/china…

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

  base metals, china, copper, inflation, Jason Burack, steel