Wisdom and Warnings from the Commodity Market
The comments below are an edited and abridged synopsis of an article by Matthew Piepenberg
In his recent reports on precious metals, Piepenberg has addressed inflation topics, including the many tailwinds. One critical tailwind for rising inflation is rising commodity prices.
Up for discussion: The super cycle; rising commodity prices; prior commodity cycles; the Covid setting; oil prices; soft commodities and agriculture; base metals; inflation expectations; the current inflation lie; and precious metals.
In sum, rising commodity prices will help drive inflation rates higher, which, in turn, will drive the gold price (in particular) well past its August 2020 highs.
For now, all that informed precious metal buyers need to do is allow inflation to take its natural course higher and watch gold enjoy its inevitable, as well as natural, climb northward.