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Goldman says commodity supercycle could last a decade
Oil prices could reach $95 if Iran doesn't return to the market this year, while commodities overall are setting for a supercycle that could potentially last a decade, according to Goldman Sachs, which is "extremely bullish" on the whole commodity complex.
The best place to be right now, particularly given the Fed pivot, are commodities.
Oil market has potential to get tight over next 3-6 months.
Morever, according to Bloomberg, prices of commodities from oil to metals to food are rising to the point where they're starting to trade in line with the bond market as central banks attempt to tackle inflation.
The chart above shows the strengthening 40-day correlation between 10-year Treasury yields and the Bloomberg Commodity Index.
The chart above shows the strengthening 40-day correlation between 10-year Treasury yields and the Bloomberg Commodity Index.
However, investors still need to be wary of the bear case for commodities relative to the bond market.
Real yields have been deeply negative. And that’s offered a reason to seek returns in assets, namely commodities like oil. But eventually inflation will abate and real yields will catch up, at which point commodities are likely to lose some of their momentum as the market adjusts its appetite for risk.
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Molly wealth talk OP : Do you agree with Goldman? And why?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
101705986 Molly wealth talk OP : Agree, Europe and the US print too much money, so commodities are bound to be big bullish
搞经济 抄底 加仓 : If GMan say a decade. Just remove a Zero behind or put a Dot after the first digit![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Jensen Philanthropy 搞经济 抄底 加仓 : Wah so smart
paykris : yes
Mingmingsg : dont trust Goldman. guess they take the opposite bet. remember the 1MDB saga.
ARP76 Molly wealth talk OP : No, its a bubble. Trade in commodities cumulative is exponentially more than commodities actually available in real world. Never Look Up…
ARP76 搞经济 抄底 加仓 : Speculative…Greed is God
PandaMoo : Could this be their defend in facing the transformation everywhere to more environmental-friendly energy.
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
They are still betting on those oil and commodities, so they blast horn and trumpets about this (campaigning)...
Possible?
just hearing my gut say so..
Blue Cat : yes
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