Stocks Rally to Start Q4 and Oil Prices & OPEC+ in Focus 10/3/22
CNBC's "Fast Money"
00:00
Is This a Long-Term Play?
Cormac: We're definitely in a commodity super cycle where commodities will tend to trade above the moving average for 10, even 20 years. But more importantly, diamonds are only now being unlocked as an asset. So if you look at every precious metal, even palladium, I've never seen a palladium bar, 15% of all the world's palladium is in a vault held by investors. With diamonds, that number is one to 2%.
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