Maintain defensive commodity positioning as recent rallies reflect tariff distortions, not a turn in global growth. Despite soft global growth, copper, silver, gold, and shipping rates have rallied. Our Commodity strategists do not…
MacroQuant remains tactically overweight equities, favors an above-benchmark duration stance in fixed-income portfolios, remains bearish on the US dollar, and is bullish on gold.
Our Commodity strategists remain cyclically short LME copper and introduce a stop-loss at $11,500, as supply-driven strength faces growing demand headwinds. While recent price gains have been fueled by production disruptions and…
MacroQuant is tactically overweight equities, favors an above-benchmark duration stance in fixed-income portfolios, remains bearish on the US dollar, and is bullish on gold and copper.
Our Commodity strategists advise staying short Brent, with a stop-loss at $73/bbl, as US sanctions on Russian crude are unlikely to meaningfully impact prices over a cyclical horizon. While new restrictions on Rosneft and Lukoil…
More than half BCA’s Clients expect gold to be above $5,000 in a year’s time. In the latest weekly poll on the Have Your Say section of BCA's website, we asked our clients for their October 2026 gold price forecast. The gold price…
Speculative froth has built up across all precious metals, yet gold’s structural tailwinds will allow it to weather corrections better than its peers.
Our GeoMacro strategists remain overweight equities and bonds for now but warn that markets will soon test their “melt-up” thesis, as the cycle transitions from cash- to leverage-driven growth. The dominant theme of 2025 is not AI,…