Stan Druckenmiller: You donβt have to be a genius to be long copper.
- There is no meaningful supply coming online in the next 8 years.
- AI and data centers are adding demand.
- Not long copper equities, but futures.
Being long copper just makes sense.
Bitcoin $BTC funding rates have flipped negative! This is a signal that has preceded every major relief rally of the last 3 years.
Market sentiment is currently at a "peak fear" reset. History shows that when the crowd pays to short, the local bottom is usually in. Weβve seen
If Ackman was scared like he was during his first CNBC appearance in March 2020 Iβd be buying. Guy cried wolf in 2020 so his hedges would cash then flipped bullish right after giving one of the most bearish rants in recent memory.
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