Goldman's Currie Says Commodities Worked as Advertised in Equity Selloff

The video discusses the bullish outlook on commodities since the end of the supercycle in 2008, highlighting the role of the Goldman Sachs Commodity Index (GCI) in current market conditions. It explains the positive carry in commodities, the lack of correlation across assets, and the strong diversification argument. The impact of inflation and rate hikes on commodities is analyzed, with a focus on industrial metals and the GFCI's performance during rate hiking cycles. The video also examines gold's role as a safe haven, its correlation with real interest rates, and the influence of demand from China and Southeast Asia.

What factors contribute to the bullish outlook on commodities as mentioned in the text?

How does the concept of backwardation in oil prices affect commodity investments?

What is the relationship between inflation and commodity prices according to the text?

Why is gold considered a poor hedge against inflation in the current economic environment?

What role does demand from emerging markets play in the current gold market dynamics?