With gold, silver and copper hitting fresh record highs, Stocks in Translation asks the red carpet question, who wore it better? Keith Bliss, founder and CEO of BloxCross, gives his reasoning behind why he feels ‘doctor copper’ is the better play. He spoke with Yahoo Finance’s Jared Blikre and Sydnee Fried.
This post was written by Jimi Corpuz
Video Transcript
This is a rare three way race in this week’s who wore it better.
So there might be no phrase in finance as welcome and feared as record highs and we’re not even talking about stocks today.
We’re judging gold, silver and copper.
All these commodities hitting fresh record highs only this week.
Each of them though has taken a markedly different path to arrive at these plateaus which may or may not be permanent.
And that is our question for you, Keith who is wearing their journey to all time.
Valle Hala high is the best, is it copper, silver or gold?
I’m gonna go with copper and here’s and here’s my thinking.
So doctor Copper that reference there typically copper usually rises and falls based upon the the economic growth globally, right?
The thinking being is that copper is the essential component in electric transmission and other pieces of equipment that we create.
Therefore, if we’re building more plants, if we’re buying more computers, copper is gonna rally because supply starts or demand starts to outstrip, supply gold and silver are also industrial metals that go into a number of applications, but their movements tend to be driven a lot, a lot more on inflation metrics and other financial metrics as, as opposed to actual demand and supply dynamics for uses.
That’s why Doctor Copper has a phd, they say correct, correct.
So I, I look at the world if you follow the news, especially around things like A I which has dominated the news cycle now for the last few weeks.
Um There’s a real concern certainly here in the US, but globally that we just don’t have enough data center capacity to run all these A I applications and really get the the most benefit out of them.
So therefore, there’s gonna be a massive boom in data center construction and roll out across all kinds of, you know, venues and places around, around around the globe.
And therefore all those data centers and other machines, as well as all the A I machines and the GP US, you’re gonna need a heck of a lot of copper to do that.
And that’s just a trend that I don’t, don’t think will end.
So copper will trade.
It’ll get to as you know, Jared, I do a lot of copper gold ratios that and I do a lot of overbought and oversold conditions.
So it, it never goes straight up, you know, there’ll be people that will come in and say, OK, yeah, it’s, it’s way overbought.
Let’s start shorting or selling it.
But I think longer term copper is in play.
