Categories: General Market Commentary- DPC
Topics: General Market Commentary- DPC

Making the Most of This Metals Market

Since last week: 

CPI numbers have shown that inflation is slowing down, so the interest rate pain of the past year may actually be working. 

1. Copper’s Bright Future 

Copper prices recently climbed to a three-week high, thanks in part to the US dollar easing, making the metal cheaper for holders of other currencies. Copper is going to be a topic of interest for traders in the very near future because demand is climbing and less new supply is coming online. Get in ahead of the coming surge if you want to profit. 

2. Gold Goes Strong

Gold enjoyed the same fortune as copper for many of the same reasons that copper did. It’s been poised to climb higher and has been doing just that, so it’s another sector you will want to consider putting money into before it really takes off. 

3. Sam Altman Backs Nuclear

Small modular nuclear reactors are seen as the future of nuclear power by some advocates. Sam Altman, CEO of OpenAI, must be among them. He has backed a startup that is developing these kinds of reactors and the company will soon go public. If it succeeds, this will further cement demand for uranium that powers these nuclear reactors. 

4. Nvidia Doubles Down on AI

AI is a diverse investing sector, and it seems like no one knows that better than Nvidia. That’s why the company recently put $50 million into a biotech called Recursion. The company specializes in drug discovery, an area where AI technology could make massive strides. AI is already thriving in security, and this is another area where it’s poised to take off. 

What to Look For:

The Fed meeting is coming, and many expect rate hikes to still be on the way.

Ryan Stancil
Editor, Daily Profit Cycle