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Now to the top analysis of today's markets.

Commodities, boom, or bust. Hi, everyone. Welcome to the Real Vision Daily Briefing.

With me today is commodity investing legend Rick Rool. Hi, Rick. It's great to see you.

Maggie, thank you so much for having me back. I enjoy these conversations.

Yeah, so do we. And we're lucky to have you.

So it's a great time because we were getting a lot of questions about energy.

A lot of people were bullish on it. And then a lot of people are looking at their holdings and thinking what's going on.

You know, there's so much sort of confusion and chop in the macro picture,

which is why we kind of started with that question at the top.

But broadly, how are you feeling about what's going on in the commodity complex and prices?

You know, where do you think we're at?

Mixed to be honest with you.

I don't think there's any doubt across a broad range of industrial commodities that absent a recession or depression.

That we're going to have reduced commodity supplies five years from now.

And hence arise in prices.

You can have reduced supplies if you have reduced demand due to recession and have no impact on price.

So assuming that we don't have a fairly significant recession or depression.

Five years out, a broad range of industrial commodities will be in short supply.

And the prices will go up.

That short supply is due to very simple factors.

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