Pent-up Inflation Ignites Prices in Copper, Lumber, Steel

Extreme price movements to the upside in lumber, copper, and steel are signaling that inflation hasn't arrived, but hyper-inflation has.

The New Gold Rush February 25, 2021 The new gold rush is here, but it isnt necessarily in the yellow metal. Copper prices are up 50% in the last year. Steel has doubled! But there is another $15 trillion sector that has the potential to make those gains look small. There's a new technology that will redefine connectivity and the internet. It will change our day-to-day lives. Think self-driving cars, limitless energy generation, and more. Join me here where I outline 4 stocks taking advantage James West, CEO Midas Letter. James West is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets. Pent-up Inflation Ignites Prices in Copper, Lumber, Steel Extreme price movements to the upside in lumber, copper, and steel are signaling that inflation hasn't arrived, but hyper-inflation has. Copper for March delivery soared by 50% from a year ago and is now within $0.40 a pound of its all-time record high of $4.67 a pound set in 2011. The price of lumber has similarly steepened its upward price trajectory as the pandemic causes supply chains to contract while demand soars as home renovation mania grips city populations and the real estate market sizzles. As for steel, prices have doubled in the last year for certain products, and the trend shows no sign of topping out anytime soon. Read the full article here to see the effect of hyperinflation on the economy and commodity prices. Learn more Learn more Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

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