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21.08.26 - 22:54
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Goldman′s Struyven: Hedge Crude′s Swings with Diesel (Bloomberg)
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Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, discussed the market reaction to potential new US sanctions on Iran during a live financial news segment. He noted that oil prices experienced only a modest increase following the announcement, largely because the existing blockade on Iranian ports and oil exports is already restricting Iranian oil from reaching the market. He speaks with Romaine Bostick & Sally Bakewell on "The Close." (Source: Bloomberg)...
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21.08.26 - 01:21
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"Get Long And Buckle Up": Jeff Currie Says Commodity Bull Market Entering Next Leg (ZeroHedge)
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"Get Long And Buckle Up": Jeff Currie Says Commodity Bull Market Entering Next Leg
The breadth of the commodity advance is becoming increasingly difficult to ignore.
Quantix Commodity Index
Diesel crack spreads have surged above $100, copper is trading above $14,000 a ton in London, gold and silver are accelerating amid US Treasury market intervention, and the Bloomberg Agriculture Spot Index is surging higher. At the same time, the dollar weakened sharply following Treasury Secretary Scott Bessent's intervention this week, providing an additional tailwind to the commodity complex.
According to veteran commodities strategist Jeff Currie, the convergence of tight physical markets, currency debasement, and policy intervention represents the hallmark of a structural commodity bull cycle.
Currie, the former Goldman Sachs commodities chief and now co-chair of Abaxx Markets, wrote in a ten-post thread on X that commodities are the clear winners as physical bottlenecks materialize around t...
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