The Commodity Bull Market Has Begun (But So Has Inflation)
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 15 May 2026
⏱️ 53 minutes
🧾️ Download transcript
Summary
The US is selling its reserve setting up future price spikes, commodities are launching on a new bull market, and inflation is set to come roaring back. This narrows down the investable universe considerably.
Transcript
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| 0:00.0 | Nothing in this program should be considered investment advice. |
| 0:03.2 | It is for educational purposes only. |
| 0:05.3 | Please hit pause and read this disclaimer in full. |
| 0:09.8 | Is it all doom and gloom? |
| 0:11.6 | Heck no. |
| 0:12.4 | I'm going to show you where the biggest bull market has just begun. |
| 0:16.5 | The following is the audio version of a video released at peak prosperity.com. |
| 0:22.3 | Visit peakprosperity.com to watch the video and to find other insightful content, such as |
| 0:27.4 | articles, discussion forums, and exclusive subscriber-only content. |
| 0:44.9 | Hello, everyone. I am Chris Martinson, CEO and founder of Peak Financial Investing.com, |
| 0:51.1 | also PeakPresperity.com. And Paul Kiker is off today. So it's just going to be a solo act. And I'm going to tell you about where I think this biggest bull market is right now, and it's astonishing. It's just gotten started. And of course, it's, of course, maybe you don't know this, but I'm a huge hard assets, natural resources fan, particularly at this stage of the cycle. And this is a chart that comes to us courtesy of Gering and Rosenshwag. That's a little G&R down here. |
| 1:11.8 | And they've run this chart, which let me just, let's talk through it. It looks at the ratio of |
| 1:16.8 | spot commodities, spot prices for commodities compared to the S&P 500. And when it's this little |
| 1:25.6 | green line is that ratio. And when it gets all the way up to here, |
| 1:28.2 | it's maybe commodities are overvalued when it's above this small red dotted line. |
| 1:32.5 | It's fairly valued when it gets down into the range of this heavier red dotted line. |
| 1:38.5 | And so you'd be a little agnostic when you're on the heavy red dotted line. |
| 1:41.2 | Do you want stocks, well, commodities, I don't know. |
| 1:43.3 | But when you get down here and that green line is now below the heavy red dotted line, go on stocks, well, commodities, I don't know. But when you get down here and that green line is now below the lower red dotted line, |
| 1:48.4 | you are definitely in the mode of saying, I think I'd prefer to be overweight and commodities at this time |
| 1:53.8 | compared to stocks or equities. |
| 1:57.3 | And you can see through history, it's just cycled over and over again. |
... |
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