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THE NEXT COMMODITY SUPERCYCLE
Special Report: http://vrnt.co/mmodity_supercycle
We are on the cusp of a new commodity supercycle
Special Report: http://vrnt.co/mmodity_supercycle
We are on the cusp of a new commodity supercycle
3 big drivers of this supercycle:
1. Monetary-policy dominance is over, highest inflation risks since 1960s
2. Investors are deeply underweight, will need real assets as a hedge
3. Commodities are generationally cheap
Download: http://vrnt.co/mmodity_supercycle
1. Monetary-policy dominance is over, highest inflation risks since 1960s
2. Investors are deeply underweight, will need real assets as a hedge
3. Commodities are generationally cheap
Download: http://vrnt.co/mmodity_supercycle
Positive dynamics for demand and supply lining up:
Supercycle driven by inflation risks, supply destruction, recovering demand
China’s LEIs are rebounding -> cyclical upturn for commodities
Price spikes become a likelihood over 18 months
Download: http://vrnt.co/mmodity_supercycle
Supercycle driven by inflation risks, supply destruction, recovering demand
China’s LEIs are rebounding -> cyclical upturn for commodities
Price spikes become a likelihood over 18 months
Download: http://vrnt.co/mmodity_supercycle
Commodity asset class is massively underinvested
Supply-demand imbalance risk as investors shift to real assets
The 60/40 portfolio is now riskier, with lower return potential
Rebalancing volatile commodities forces buy low / sell high
Download: http://vrnt.co/mmodity_supercycle
Supply-demand imbalance risk as investors shift to real assets
The 60/40 portfolio is now riskier, with lower return potential
Rebalancing volatile commodities forces buy low / sell high
Download: http://vrnt.co/mmodity_supercycle
Energy reminiscent of goldmining bear market in the 2010s
Capital is increasingly scarce – forcing the industry to rationalise, reducing competition for the survivors
Cyclical as well as structural factors are starting to improve for oil
Download: http://vrnt.co/mmodity_supercycle
Capital is increasingly scarce – forcing the industry to rationalise, reducing competition for the survivors
Cyclical as well as structural factors are starting to improve for oil
Download: http://vrnt.co/mmodity_supercycle
Coal - vital for EM, a pariah in DM
Still > 1/3 of global electricity generation
China has 50% of world coal-fired generating capacity
More coal burning will be encouraged as natural gas prices normalise by rising over the next 12 months
Download: http://vrnt.co/mmodity_supercycle
Still > 1/3 of global electricity generation
China has 50% of world coal-fired generating capacity
More coal burning will be encouraged as natural gas prices normalise by rising over the next 12 months
Download: http://vrnt.co/mmodity_supercycle
Own what central banks are short of!
They are steadily increasing gold reserves
Gold is a hedge against inflation and uncertainty
Silver: Supply constraints, relative cheapness and growing investment demand - a recipe for explosive growth
Download: http://vrnt.co/mmodity_supercycle
They are steadily increasing gold reserves
Gold is a hedge against inflation and uncertainty
Silver: Supply constraints, relative cheapness and growing investment demand - a recipe for explosive growth
Download: http://vrnt.co/mmodity_supercycle
The Age of Copper
Copper will play a pivotal role in the clean energy revolution sweeping across the world
The Chinese copper whale - China consumes more than half of the world’s copper but only owns ~5% of global copper resources
Download: http://vrnt.co/mmodity_supercycle
Copper will play a pivotal role in the clean energy revolution sweeping across the world
The Chinese copper whale - China consumes more than half of the world’s copper but only owns ~5% of global copper resources
Download: http://vrnt.co/mmodity_supercycle
