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Goldman Sachs/Audio interview+transcript/2-15-2022
“And even at these price levels, there is no indication we’re making any type of improvement in these imbalances. We’re not seeing the increases in supply. Nor are we seeing demand damage at these levels. What does that mean? The only cure for those imbalances is higher prices.”
USAGOLD note: The latest on commodities from Goldman’s Jeff Currie ……He sees the current turn to the upside as the start of a new super cycle in commodities – “the revenge of the old economy.”
Chart courtesy of TradingEconomics.com
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