Commodity prices are high because the world stopped for two years. High commodity prices has nothing to do with capital investment in technology vs resources. (forget about the unicorns its just a fairy tail)
Manufacture always takes the lead and resource demand follows, not the other way around. You think there should be more capital investment in resources before increased demand. That is bad business.
Employment is good because the economy has been saving and now spending, this can stop quickly like it did in 2008. Pre covid foreign workers kept Australians unemployed. No cheap labour anymore. Australia is at full employment on very low wages. $22 hour seriously....
People are living week to week. You underestimate the effect of inflation on an economy long term.
If inflation was not an issue gold would be a lot lower.
market revaluation 75 cents., page-11
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