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ZeroHedge
20 May 2024

While oil remains oddly muted amid yet another middle-eastern shock, the same can not be said for various precious metals and commodities which are soaring to start the week, and which according to Bloomberg's Jake Lloyd-Smith, will make for a lively session in Europe and the US, with flow-through gains on the cards for mining-industry stocks that have already been put on edge as BHP Group bids to swallow (most of) Anglo American.
Copper and gold - the leading lights of the base and precious metals arenas - are in what Lloyd-Smith puts as "history making mode", as both powered to record highs in early Monday trading. Here’s a handful of things to watch in what could be a compelling week.