Ed Moya – Crazy Commodity Moves To Start The Week; Oil Touched $130, Gold Was $2,000, Copper Hit $5
Ed Moya, Senior Market Analyst at OANDA joins us to recap the continued wild moves higher in commodities. Overnight copper was over $5, oil was over $130 and gold hit $2,000. These spikes have pulled back a little bit but overall the trend continues higher with people wondering just how much higher these commodities can go.
We also tie the spike in commodities, and related inflation, to the stagflation narrative. There are a lot of moving parts that play into this narrative but it clearly is on a lot investors minds currently.