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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.42-0.3%4:00 PM EST

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From: Pogeu Mahone2/10/2022 9:28:08 AM
   of 218258
 
Goldman Sachs Sees Decade Long Bull Market For Metals

News provided by
Oilprice.com

Feb 09, 2022, 08:00 ET
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FN Media Group Presents Oilprice.com Market Commentary

LONDON, Feb. 9, 2022 /PRNewswire/ -- Commodity stocks were some of the top performers in 2021, but the best is yet to come …Those commodities price gains we saw in 2021 weren't a one-off. Mentioned in today's commentary includes: Kirkland Lake Gold Ltd. (NYSE: KL), First Majestic Silver Corp. (NYSE: AG), Wheaton Precious Metals Corp. (NYSE: WPM), Compañía de Minas Buenaventura S.A.A. (NYSE: BVN), Harmony Gold Mining Company Limited (NYSE: HMY).

Goldman Sachs sees 2022 as the start of a metals supercycle that will last for decades. The biggest beneficiary of the commodities supercycle—across the board—is metals, says Goldman Sachs, with analyst Jeffrey Currie comparing metals to oil in the 2000s. And copper may be the new oil. Not only is it offering a brilliant potential set up for returns, but it's also emerging as what could be one of the best hedges against growing market volatility. Why? Because it's indispensable in global decarbonization strategies …And the squeeze is already being felt, alongside record-high prices that have seen base metals across the board double from a year ago.

Continues here>>> prnewswire.com
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