Joe Mazumdar of Exploration Insights explains why the supply-driven commodity supercycle is easier to perceive than a demand-driven supercycle. He reveals the commodity he is most-bullish on for 2023 and offers thoughts on where gold and silver might trade in 2023. Joe also shares where he is seeing value in the mining sector and offers one stock pick.
Joe Mazumdar is co-editor and analyst at Exploration Insights. Joe has an extensive, multi-decade background in working for both mining companies and the financial institutions that cover and invest in mining equities. He possesses an excellent understanding of geology, the process of exploration and development, and what it takes to run and finance a mining company.
0:00 Introduction
0:51 Joe agrees with Goldman Sach’s 2023 commodity supercycle outlook
3:20 Supply-side driven commodity supercycle easier to see than demand-driven
5:21 Are low commodity inventories overhyped by bullish commentors?
7:00 Bullish copper (but H1 2023 is unpredictable)
9:47 Commodity prices hard to predict in short-term but easy in long-term
11:21 Gold and silver in 2023
13:15 Your worst macro-commodity forecast as an analyst?
15:37 How ESG movement affecting investing in miners
19:51 Where are you seeing value in the mining sector?
22:22 ESG movement’s impact on developing gold mines
24:02 Gold’s price not affected by supply-demand
26:18 CSA’s new rule allow small-caps to raise with no prospectus and no 4-mo hold
28:00 New stock pick
Joe Mazumdar’s website: https://www.explorationinsights.com/
Follow Joe on Twitter: https://twitter.com/JoeMazumdar
Goldman Sachs 2023 Commodity Report: https://www.goldmansachs.com/insights/pages/gs-research/2023-commodity-outlook-an-underinvested-supercycle/report.pdf
Canadian securities regulators adopt streamlined capital-raising option for Canadian-listed issuers: https://www.securities-administrators.ca/news/canadian-securities-regulators-adopt-streamlined-capital-raising-option-for-canadian-listed-issuers/
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