Follow the Asset Managers
Michael Oliver:
- Asset managers are shifting to commodities and not returning to losing risk assets. Once recent commodity correction is over expect commodity bull run to continue into another up leg.
- Breaking paper asset bubbles impacting street will force central banks to pivot and print. Bond markets are becoming dangeriously illiquid. Federal Reserve's will step in to support government debt when no one else will.
(Interventions have recently occured in Britain and Japan. Central Banks are forced to step in to prevent their debtor sovereigns going bust on them. Sovereigns spend to quell rising population unrest under deterioraing, inflationary economic conditions.)
- Commodity bull market started in October 2020 prior to Putin invading Ukraine. Commodities corrected to down side from February invasion of Ukraine are recently coming out of correction. Commodities will resume to the upside.
(Bloombery Commodity Index does not show the commodity correction ending yet however the Top Basic Materials list on the TMX that can be considered a leading indicator is showing the commodities correction is ending and gold is leading the way having corrected since November to a current high of $1,865.80.)
- Gold coming out of recent correction to continue a bull trend that has been underway that began from 2015 low.
- Monetary metals will be the main benefactors of asset managers' shift to commodities and central bank pivot to propping up their debtor nations.
https://www.youtube.com/watch?v=T4RILaz_SvQ
https://stockcharts.com/freecharts/gallery.html?DJP
https://money.tmx.com/en/stock-list/TOP_BASIC_MATERIALS
https://tradingeconomics.com/commodity/gold