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Transcripts For CNBC Squawk 20240703

High, a little bit lower than what weve seen in the last few days. But, again, all of these markets kind of waiting to see what the cpi signals today if inflations getting worse or not. The first couple of years, were in that seasonal oneoff situation or youre in a situation where you have higher prices moving their way through the line once again. Check out precious metals. Commodities across the board have been higher. Gold at another alltime high. You also had silver hitting its highest level since june of 2021. Copper at its highest level since the beginning of january since 1 18. Aluminum higher. All of these things reflecting commodities across the board. Cpi is a little hotter. Goods inflation is a little hotter. Well see. Weve had shares on the other side of the vote, what they thinks going to happen. Im in the Roger Ferguson camp because i try to follow people who have been right. Tom lee has been right too. Thats the thing. Hes been betting on the markets, and he thinks this

Copper prices could surge to US$40,000, says top trader Andurand

Copper prices spike, could boost Arizona economy

But the spike in global copper prices to record levels won t mean more jobs or production in Arizona for awhile, two economists say.

Copper is the new oil, and prices will soar 50% to $15,000, analyst says

"But I go back to the 2000s, I was bullish on oil then as I am on copper today."

Jeff Currie, The Copper Bull: "Most Compelling Trade I've Seen In My 30-Year Trading Career"