Hedgeye Podcasts Hedgeye Investing Summit Spring 2025 | Abaxx Technologies Founder & CEO, Josh Crumb & Chief Economist David Greely
Apr 18, 2025
In this enlightening discussion, Josh Crumb, the Founder and CEO of Abaxx Technologies, and David Greely, Chief Economist at Abaxx, explore the evolving landscape of global commodity markets. They dive into the rising significance of natural gas and the geopolitical factors reshaping energy pricing. The duo also addresses gold market dynamics, including central banks' growing influence and the disparities in trading cultures across continents. Additionally, they highlight innovative approaches to streamline gold transactions and the launch of a new exchange aimed at enhancing trading in critical commodities.
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Commodities' Unique Market Complexity
- Commodities markets are uniquely volatile and complex compared to other asset classes like stocks or bonds.
- Understanding the specific commodity, its physical delivery points, and financing mechanics is crucial for accurate analysis.
Volatility Breaks Supply Chains
- Volatility in commodity markets often breaks supply chains by stressing their working capital.
- High price spikes may be theoretical if financing and collateralization cannot support actual delivery.
Natural Gas as Global Energy Pivot
- U.S. natural gas prices are significantly lower than prices in Europe and Asia, offering producers a major cost advantage.
- LNG's globalization connects regional gas markets, making natural gas a global energy commodity rather than a regional one.
