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The commodities market bucked the trend of most markets in 2022, registering solid gains. The Ukraine conflict curtailed the supply of energy and food commodities, and prices soared. Will that pace diminish in 2023 as recessionary conditions dampen consumer confidence? Or will the uptake in demand from a reviving China keep prices high?
2022 wasn’t kind to stock-market investors, as central banks raised interest rates at a feverish pace to combat inflation while also blunting economic growth. As 2023 dawns, what sectors are the most promising destinations for investor funds? Consumer staples, precious metals and healthcare are three sectors that may persevere in turmoil.
Newmont guided for an FY2022 output of 6M ounces in gold and another 1.3M ounces equivalent from copper, silver, lead, and zinc. Read my analysis of NEM stock.
Investors almost always remain focused on the movement of gold, perhaps the most valuable and reliable asset in the world.
Gold keeps heading higher … watch for the commodities supercycle to continue resume in 2023 … Eric Fry’s commodity rec … Alan Greenspan doesn’t see us escaping a recession