Superb interview with Jeff Currie, Global Head of Commodities at Goldman Sachs.
He says we are in a commodities supercycle and what defines a supercycle is a 'structural rise in demand'.
He thinks elevated prices for commodities are being driven by three factors:
1) Aggressive re-distribution policies by governments all over the world ie the transfer of wealth to the poorer members of society fundamentally drives demand.
2) Structural underinvestment in fossil fuels over a long period of time and this occurred because returns were so poor
3) Supply Chains that are breaking down due to de-globalisation
I strongly encourage you to listen.
Best
V
https://podcasts.apple.com/au/podcast/goldmans-jeff-currie-its-a-commodities-supercycle/id1056200096?i=1000538907821
BML Chart, page-76
-
- There are more pages in this discussion • 2,763 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $23.33M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.0¢ | $109.6K | 998.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 325659 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 84227 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BML (ASX) Chart |