Why oil and gold prices could keep rising

Bullish

• $XAU— Bullish outlook on gold with significant upside potential, citing both structural and cyclical factors. Gold is seen as an attractive investment opportunity and a hedge against scenarios where equities and bonds underperform.

  • “We still think there is quite a bit of upside for gold. So gold prices are now around 2,006.50 dollars per troy ounce. Our forecast for early next year is 2,900. So nearly 10% of upside from here.”

    Daan·12:04Hear it

  • “I think structurally cyclically a very, you know, interesting investment opportunity. And then last but not least, I think it gives you a lot of hedging opportunities against alternative scenarios where equities and bonds would perform less well.”

    Daan·14:01Hear it
• $OIL— Bullish stance on oil due to potential supply disruptions in the Middle East and historically low speculative positioning. A scenario of significant disruption in Iran's supply could lead to substantial price increases.

  • “I think the risks in the short term are skewed somewhat to the upside, not only because of the possibility of supply disruptions in the Middle East, but also because if you look at speculative positioning, you're in the lowest one percent of history.”

    Daan·0:02Hear it

  • “If we, for instance, assume that you get a large 2,000,000 barrels per day disruption in Iran supply for 2 quarters, then Brent could shoot up to the mid to to high eighties, or perhaps even the mid nineties if OPEC doesn't offset the production losses.”

    Daan·2:01Hear it
• $HG— Positive outlook on copper demand, particularly in relation to China's stimulus measures, with the potential boost to green metals demand expected to be more significant than the boost to oil demand.

  • “I think the boost to green metals demand such as copper would likely be, more significant than the boost to to oil demand.”

    Daan·7:05Hear it

Not investment advice.