Goldman's Jeff Currie on the Silver Squeeze and the Coming Boom in Commodities
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 4 February 2021
⏱️ 47 minutes
🧾️ Download transcript
Summary
It's been a weird several days in the market. What started with a short squeeze in GameStop, driven by Reddit traders, somehow morphed into a huge surge in demand for silver. Whether it started on WallStreetBets is unclear, but something happened that caused demand for the metal to surge. So we talked about this with Jeff Currie, the global head of Commodities Research at Goldman Sachs. We also discussed why he sees a huge bull market coming in commodities. And why Biden's policies of green stimulus and redistributive economic policy may push the price of oil even higher.
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| 0:00.0 | Join us in New York on November 2 for the Bloomberg Technology |
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| 0:30.0 | Music |
| 0:41.0 | Hello, and welcome to another episode of the AdLots podcast. |
| 0:44.6 | I'm Joe Weissenthal. |
| 0:45.8 | And I'm Tracy Allowing. |
| 0:48.4 | Tracy, so obviously markets have been really fun and wild and crazy lately. |
| 0:54.2 | You know, I think that when we started talking about some of the stuff with |
| 0:59.0 | GameStop and everything and liquid, small stocks being pushed on message boards, |
| 1:06.6 | we didn't expect it to move to a major commodity market. |
| 1:11.9 | No, and I have to say I'm reminded of the post you wrote a week or two ago |
| 1:17.5 | about how it can always get crazier. |
| 1:19.8 | And I think what we're seeing right now is proof that it can indeed always get |
| 1:24.9 | crazier. |
| 1:25.9 | But what started with a relatively small single stock, GameStop migrated to a bunch of |
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