Earlier in July, Deutsche Bank also cut its copper projections due to weak Chinese demand. DB also expects rising supply in 2016 on new mine commissions, which could cause copper to “remain vulnerable to periodic bouts of ‘shorting.’” [Long Slump for Copper ETFs]
Gold is seeing greater support from safe-haven demand after currency devaluations across Asia added to investment demand for a better store of value than paper currencies or stocks and bonds.
After the drop-off this year, gold mining stocks are now the cheapest relative to gold bullion since at least the 1980s, reports Isaac Arnsdorf for Bloomberg.
Consequently, some argue that the gold miner space looks like a cheap buying opportunity.
Market Vectors Gold Miners ETF
