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About time. I’ve been humiliating Goldman’s commodity calls for two years. Now it has fully embraced the MB view.
More selective, less constructive.
While our 2024 Deficits Basket performed well this year, a softening of cyclical support to commodities leads us towards a more selective tactical approach to commodity investing.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.