We are only in the beginning stages of a commodity super cycle: Currie



Goldman Sachs’ Jeff Currie says the only way we can break out of a commodity super cycle, across both hard and soft …

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  1. the reason these guys are absolutely wrong is technology. Farming and metals are so much easier to obtain now. Once prices go up it will drive production like crazy. I'm taking the other side.

  2. we entered supercycle in 2022/10. then warren buffet purchased chevron in 2021/2. once we react to this, it has been a year pass. no matter he is legendary investor. he could always see something we could not see way ahead.

  3. Jeff is probably a pump and dumper of Exxon(XOM), Chevron(CVX), and other big oil companies. This is why he says ➡starting@5:48➡ "Remember demand destruction is not prices going high and killing off demand. If you think about it this way it's supply coming out of the market. The demand tied to that supply has to be reduced and the prices rise to point of the last consumer standing."
    In other words Jeff is saying➡ paraphrasing➡ Don't buy the stock of EV companies Tesla(TSLA), Canoo(GOEV), Rivian(RIVN), Lucid(LCID), or Lordstown(RIDE). Because people will never switch out their gas cars for EVs. They will just keep paying $10, $20, $30, $40, $50 or even $60 bucks a gallon until it bankrupts them in the coming super cycle.
    I guess he thinks that those poor bankrupt people will stand on the sidewalk in 2025, next to the Chevron station, and watch with envy the "last consumer standing" fill up his Mercedes and pay out $1200 to do it.
    Keep on dreaming Jeff. EVs are the future. The internal combustion engine, the gas that powers it, and the pollution it creates will be the past in the not too distant future.

  4. Base metals have a direct inflating cost to manufacturing
    Soft commodities .. grain exports come from the central Europe are extremely important and that area is in war. Soft commodities are hard to increase.. because they are all ready MAXED and a dependent on wars and weather. NOT on talk talk

  5. Rise interest rates
    Complete repos
    Slow government spending. which slows new bond issues
    Stop the Fed buying government bonds
    The biggest problem is the numbers.. everything is a trillion dollars today in the US

  6. That’s why Biden administration insisted to supply more money and arms to Ukraine in order to continuing the battle with Russian instead of peace talk , always money comes first

  7. Horrible audio/sound from Jeff. Goldman Sachs can’t afford a good microphone? Also media outlets need to teach the people they interview how to improve their audio.

  8. CLF!! Russia and Ukraine are worlds 2nd biggest steel providers. CLF to the moon!!! And it's been rocketing. Check the historical charts it can go to 100+! It's done it twice before.

  9. You mean "Commodity Traitors" They are the Vulture Capitalists swooping in for blood. They cause commodities to skyrocket. While they make a killing the rest of us suffer. Same'ol, same'ol. They did it in 2008-9. Same MF'ers. I really detest these guys.

  10. Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Anika Hobson which has made me almost 9.5 on a 2 btc Trade capital over the last 10 months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.

  11. Super cycle, otherwise known as a Wyckoff distribution. The guy works at Goldman Sachs, he's obviously in there to take your money, that's not rocket science.

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