by Craig Hemke, Sprott Money:

As the new year begins, few assets are performing better than copper. So the question becomes, is this just an anomaly or is this the start of a major new uptrend in commodities?

Let’s start with some charts. First, here’s the current front month Mar23 copper contract since 2022 ended and 2023 began. As you can see, it’s up 8.3% year-to-date…which is only seven days.