Inflation for now likely peaking.
On inflation for now likely peaking. Most commentators mention nothing, nor quote anybody on non-precious metal prices. Why? Yet many experts usually look at metal prices as a leading indicator of the commodities cycle. At present Copper and many metal prices are in a moving downtrend. Nickel is declining even more despite supply concern. Copper is 25% lower vs. a year ago. Overall, industrial metals have been the worst category in terms of declines off their 52-week highs as that group’s index is down 37%, from their March 2022 high.Paul A. Renaud www.thaistocks.com