The "Macro" Play (Professional)

Copper Hits 6-Week Low—A Buying Opportunity or Economic Warning? 📉🧱

The "Doctor of Economics" is feeling the chill today. $XAU Gold and Copper are both seeing pullbacks as the market digests the latest supply data and the Geneva talks.

The Data:

• Copper dipped to $5.69/lb today.

• Global stockpiles are at a 20-year high, putting temporary pressure on prices.

• BUT: BHP just reported massive earnings driven by copper demand for $AI and Green Energy. 🔋

Is the "Commodity Supercycle" just getting started? Watching the correlation between $BTC and industrial metals closely.

#Copper #Commodities #BHP #MacroStrategy #BinanceSquare

BTC
BTC
66,277.9
-1.99%
AI
AI
--
--
XAU
XAUUSDT
4,978.97
+2.07%