EPIC commodities BULL
Never underestimate the power of a commodity bull market. Between metal shortages, timid supply responses from miners, technology shifts set to increase metal use, governments flooding economies with money and a USD looking Iike it's in a secular bear mkt, this commodities run looks to be epic. https://www.ft.com/content/27086ad8-bc84-4e2e-9195-91880fa6916f Investors set for commodities bull run as prices rise in tandem Broad-based recent gains have not been seen in decades and spur talk of supercycle Commodities have enjoyed a blistering run, aided by strong demand from China FT Neil Hume, Natural Resources Editor FEBRUARY 8 2021 The broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a sector-wide bull market fanned by government spending, analysts and investors say. Wall Street banks are telling their clients to increase their exposure to raw materials, which are poised to benefit from a vaccine-driven global economic recovery, aided by fiscal stimulus. Some are even predicting a prolonger period of commodity-intensive growth that marks a repeat of the so-called supercycle of the 2000s where oil and metal prices hit record highs as Chinas rapid industrialisation caught the industry napping.