This is a very crowded space. Many retailers don't believe metal price can crash.
But I think we might just see the top of copper today. Probably silver too. There was a sell off three days ago. Then sharp rebound. Then sharp sell off today. Then sharp rebound. But clearly, some big guys are selling something. VIX of Gold is also reaching historical high. Usually a sign of top.
However, I've been wrong on silver. It is hard to call tops in this market. But be careful out there in metal space. Don't be the ultimate bag holder. :)
The spike of energy price is no good to the stock market. However, the US economy does not depend on low energy price as before. In the past, whenever oil price reaches $100, gas price reaches $4. We got a recession. In today's EV world, $100/$4 may not cause a recession. But still, higher energy cost is not a good sign.
Use caution. Buffet's #1 rule: don't loss money.
