Which makes absolute sense. We are in a commodity super cycle driven by low rates and infrastructure stimulus.
Mines stopped expanding for market share post GFC, focusing more of profits but now demand has ramped up there is a price squeeze!
When commodity price increase the way the have we get inflation and that's why bonds yields wound out.
You'd be a laggard if you've gone backwards or stayed flat in commodity price over the last 12 months.
Which makes absolute sense. We are in a commodity super cycle...
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