Ann: MD's Company Update - December 2021, page-360

Hi @JandJ
Some of those concerns re timing are things I have voiced on the forum - we have generally similar minds on this.

Re a bubble bursting. I think this is on the cards and may actually be a necessary precursor to the commodities bull run we believe is coming. General equities are currently excessively soaking up liquidity that should, I believe, be flowing into the commodities sector. I see similarities to the dotcom bubble, which bursting presaged the massive 2000s commodity boom.

You've probably seen charts like this before but the current commodities:equities ratio is grossly oversold and must correct, when it does the run for commodities should be fierce. Ideally we would like this run to start a long way in advance of the OAs expiry so a reversal in equities early in 2022 could be a significant advantage for us.