On June 4, 2020, copper entered a bull market spurred by robust demand from China and hedge funds “closing bearish bets” according a report from Neil Hume at Financial Times.
Copper is used in almost all construction projects and white goods and is a large source of earnings for miners across the globe.
It was up over 20 percent from its March low by the evening of June 4, when it went over $5,330 a ton. Based on these prices, copper is now in its bull market phase.
“Economic data is signaling a robust recovery in the Chinese construction and manufacturing sectors during the second quarter,” declared Robert Edwards, principal analyst at consultancy CRU.
Half the world’s copper output is consumed in China. Chinese demand for copper has increased significantly since Beijing started relaxing its lockdown in March.
Supply dislocations have continued to rise as the Wuhan virus rocked South America, which is home to prominent copper mines. In Peru, mined copper production dropped by 33 percent in a year timespan on April to 1.5 million tons, according to the country’s Ministry of Mines and Energy.
Despite the chaotic nature of the Wuhan virus, China appears to be slowly bouncing back. The East Asian country is no joke and is a formidable adversary to the U.S. due its authoritarian ethos and expansionist agenda.
Once America is re-opened, it must go back to basics when it comes to dealing with China and developing rational strategies to contain Chinese influence.
Jon Ossoff’s Endorsement by Giffords Proves He is an Anti-Gun Stooge
Georgia Voters Who Care About the Second Amendment Should Reject Both Democrat Candidates
Now that former Vice President Joe Biden is the presumptive president-elect, conservatives are busy re-grouping.
Although the presidential election appears to be sorted out, electors still have to cast their ballots on December 14. On top of that, there’s still unsettled business in Georgia.
While a 50-50 split by no means guarantees that gun control will be passed at will, this puts Democrats one step closer towards implementing their anti-gun fantasies.
The case for Perdue is pretty simple. He’s a solid immigration patriot and a staunch Second Amendment supporter. He can be counted on to keep the Left in check.
Ossoff is currently endorsed by Giffords, one of the fastest growing civilian disarmament lobbies in America. This organization was founded by former Congresswoman Gabby Giffords and has been increasingly active in promoting anti-Second Amendment politicians over the last few years.
Giffords’ endorsement of Ossoff makes sense. According to Ossoff’s platform, he plans on prohibiting the sales of semiautomatic rifles and “high capacity” magazines. Not to mention, he wants to check off every other item on the gun grabber checkbox by supporting red flag confiscation orders, universal background checks, tighten the so-called “gun show loophole”, and implement licensing for semiautomatic rifles and handguns that millions of Americans already own.
Ossoff’s anti-gun endorsement list is quite diverse. AWR Hawkins of Breitbart News called attention to the fact that “Ossoff is also endorsed by the Mike Bloomberg-founded gun control group, Everytown for Gun Safety. He is also endorsed by Everytown’s subsidiary gun control group, Moms Demand Action.”
When Gabby Giffords’ organization gave Ossoff their endorsement, they were very explicit about the intention behind endorsing Ossoff, revealing that they are “working to unseat an NRA-backed incumbent.”
An Ossoff victory, along with Raphael Warnock winning his race against Kelly Loeffler, would be big victories for Gun Control Inc. The anti-gun lobby is hungry and they’ll need a Senate majority in order to expand federal gun control.
January 5, 2021 is the pivotal date that will determine the balance of the U.S. Senate. Georgia voters have clear choices in Perdue and Loeffler. A vote for Ossoff and Warnock is a green light for Second Amendment infringements.
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