Commodities in general

[Landdownunder]

The world is at the beginning of a commodities supercycle that could go on for a decade, Jeff Currie, global head of commodities research at Goldman Sachs, says in a Bloomberg TV interview, Is “extremely bullish” on commodities; it’s “best place to be right now”, notes record dislocations in energy, agriculture, metals, and a lot of money in the system, oil market has potential to get extremely tight over next 6 months.

[Landdownunder]

They talk of king oil.
Should be king coal. Coking coal up but real mover thermal coal almost up 10% since Wednesday.

Ps Indonesia the reason

[shtferbrains]

Indonesian is bring it out in the MSM but coal has been on a rip for for a while.

[shtferbrains]

So we have coal and NG rocketing.

Will oil be next?

[Guest]

So we have coal and NG rocketing.

Will oil be next?

No no
It will be windmills, solar panels and unicorn piss
Imbeciles forgot that people shouldn’t freeze to death

[agstar77]

Crypto, give me those imaginary coins. I am sure they are very tasty and full of nutrition!

[Landdownunder]

Read a what’s best to invest in from stock broker.

Disclaimer he said crazy covid world nothing what it used to be like.

But out of his 30 recommendations 14 were mining oil coal gas etc etc.

Some in transport sector.

Medical yup.

Retail nope.

Anything ESG on the nose.

His logic as screws get tightened on “dirty industries” there actually gonna become more profitable. This isn’t meant to happen…..

Ps he pointed out this call all change in 23 when covid eases

[Old Cowzilla]

Not everything will change back when covid eases we have trained a lot of people on how not to work. And a lot of older people have retired early.

[flea beetle]

In my short time in this business, I have learned that when the "experts" jump on board and start preaching this is the new normal, or we are going higher from all time highs, that is the time to jump ship.

[burnt]

In my short time in this business, I have learned that when the "experts" jump on board and start preaching this is the new normal, or we are going higher from all time highs, that is the time to jump ship.

It's called pump and dump.

But this one might have legs under it, but maybe short ones depending on the underlying industry.

[dalek]

But are commodities really going to be gaining in real terms or is everything else just going to be dropping back hard compared to inflation? I have a feeling we’re going to need double digit gains just to hold on

[Sodbuster]

I’m thinking inflation is close to double digits now, government has been fudging the numbers for a while now. Housing, gas, food, electrical, NG, all are up 10+ percent last year alone with the carbon tax.