Currency, Gold and Energy
Laura Gooch and the team at Morgans talk about currency, gold and energy investing.
The US Dollar may have peaked in strength (a 20-year high) and is falling (very positive for commodity prices, especially gold).
Some Australian gold share prices have fallen 50% between 2020 and 2022 and are now recovering.
There is enormous growth in global electricity demand (increasing demand for coal and LNG)
OPEC and non-OPEC production of oil is falling (despite high prices)
Please note our short-term strategy (where we are taking profits in select commodity exposures due to the upcoming Central Bank-induced recessions) vs our long-term strategic exposure in commodities (as the supply side is crimped in the face of rising demand).