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GM32: Commodity Super Cycle in Full Force ft. Jeff Currie

Top Traders Unplugged

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The Put in Commodities

OPEC's ability to manage the market, you know, more elastic supply curves back into the 70s. One of the biggest drivers in the decline in prices in the second half of 2022 was a stronger dollar in higher rates. The too few goods condition still holds in oil; what change was, there's far less money. And you think about someplace like Japan before this recent BOJ action, it went from 100 to 150. That means there's 50% fewer dollars to chase oil than what there would have been a year ago.

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