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Bloomberg/Yvonne Yue Li and James Attwood/10-20-2022
“It’s ‘striking how negative financial markets feel about this market and yet the physical market is so tight,’ said Richard Adkerson, chief executive officer of Freeport-McMoRan Inc.”
USAGOLD note: A familiar refrain often heard among gold market analysts and investors.…… In fact, such was the subject of Monday’s Daily Market Report. Freeport-McMoRan is the world’s largest publicly traded copper producer. Gold, as it turns out, is not the only market with a major disconnect between physical demand and paper pricing.
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