Daily Brief – Copper and FOMO

Copper and FOMO

Sometimes known as Dr Copper since the price of Copper reflects the health or otherwise of the global economy, a 38% increase in 2025 would normally be big news. But because that rise has been overshadowed when compared to the rises in Gold and Silver of 73% and 140% respectively, there is the growing sense that the value trade of 2026 might well be Copper. Hence the Fear Of Missing Out that is building and might prompt investors to add shares with some Copper component to their portfolios. Copper is currently at USD 5.85 which is the second time that it has reached this level since 2012 – the other being 6 months ago in July last year.

EUR/USD 1.1722.

Top Oil Producers

The largest 15 oil producers pump 43 million barrels per day and the breakdown is instructive particularly in these days of the re-drawing of geo political alliances. Saudi Arabia 10.3, Russia 7.9, USA 4.6, Iraq 3.9, Iran 3.0, China 2.6, Kuwait 2.4, Brazil 2.2, UK 1.5 and France 1.3. Taking the USA aligned producers as a bloc they account for only 7.4 million whereas the non US aligned producers total 35.6 million barrels per day.

GBP/USD 1.3420.

Bayeux Tapestry

Only 9 months to go until UK tourists can visit the British Museum and see the Bayeux Tapestry for themselves. Comprising 58 scenes, 626 characters and 202 horses, the tapestry has been valued at GBP 800 million and the UK Treasury is insuring it for damage in transit and during the exhibition which all being well will be a nice little earner for the UK while the tapestry is on loan to the UK which is until July 2027.

EUR/JPY 184.07.

National Cream Puff Day

In case it has passed you by, NCP is today as is National Buffet Day for the gourmets and gourmands among us as well as being for cat lovers it’s Happy Mew Years Day and for those goal setters among our readers, National Motivation and Inspiration Day. The calendar for today is as you can see, crowded to say the least on this the first working day of 2026.

EUR/GBP 0.8732.

Let it Be

This day in 1969 The Beatles convened in the studio to record their 12^th and final album, Let it Be. The album had a string of hits on it but despite the commercial success enjoyed by the Group, it could not disguise nor paper over what are called their musical differences in the pop world. Not to mention John Lennon’s then new squeeze Yoko Ono who drove a number of wedges between the Fab Four but principally between John and his fellow songwriter Paul McCartney. Consequently, the lads simply decided to Let it Be and went their separate ways.

When I find myself in times of trouble
Mother Mary comes to me
Speaking words of wisdom, let it be

And in my hour of darkness
She is standing right in front of me
Speaking words of wisdom, let it be

Let it be, let it be
Let it be, let it be
Whisper words of wisdom, let it be

And when the broken-hearted people
Living in the world agree
There will be an answer, let it be

For though they may be parted
There is still a chance that they will see
There will be an answer, let it be

Let it be, let it be

Wishing all our readers a Happy and Prosperous New Year! 

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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