Navigating Commodity Markets Amid Geopolitical Tensions 🌍

0:00 - Intro
0:32 - Ole Sloth Hansen biography
1:23 - Agenda
2:28 - Disclaimer
3:00 - Commodity performance overview
6:08 - Commodity prices evolve in "super-cycles"
8:49 - Multiple developments support demand
10:29 - Energy transition takes decades not years
11:42 - Crude: short-term surplus meets long-term supply risk
14:23 - Reasons Why the U.S. Operation in Venezuela Did Not Result in a Spike in Oil Prices
15:51 - Our view
17:31 - Crude: Rising demand vs. fading production growth
18:41 - Natural gas to benefit from electrification and LNG export
20:27 - Gold the ultimate safe heaven
23:06 - Limitations and Indicators of Gold's Safe Haven Demand
25:01 - Gold: A paradigm shift unfolding?
28:29 - Silver and platinum supported by tight supply
33:32 - Silver: Seperating facts from fiction
37:27 - Copper at the heart of the global energy transition
39:02 - A lot more copper is needed to drive 'green' transition
39:24 - AI demand for power is exponential
40:50 - Copper's facing some near term challenges
42:22 - Rare earth minerals: Small in value but massively important
44:00 - Key crops struggle amid ample supply left over from 2025
46:16 - COT Report: Leveraged fund positioning
48:34 - Charts to show the recent developments
49:29 - Q&A
49:46 - Question: Thoughts on rising oil prices impacting the cost of other commodities, or is it different this time?
50:54 - Question: What is your view on platinum? And what are the drivers for platinum?
53:17 - Question: When can we expect a pullback in gold and silver produces?
55:52 - Question: It seems like oil prices barely moved after the US operation. What kind of event would be powerful enough to move oil prices significantly?
58:32 - Question: It seems like geopolitical tension is more a constant now than an exception, so how should investors navigate the commodity market today?
1:00:29 - Outro

In this webinar, Ole Sloth Hansen shares his expertise on commodities and geopolitical tensions. The webinar begins with an overview of commodity performance and commodity prices evolving in "super-cycles." Additionally, Ole discusses the factors supporting commodity demand and the energy transition that takes decades.

The webinar also explores the dynamics between short-term surplus and long-term supply risk in the crude oil industry, including an explanation of why the U.S. operation in Venezuela did not lead to a spike in oil prices. Furthermore, it delves into the rising demand versus declining production growth in crude oil, as well as how natural gas may benefit from electrification and LNG exports.

Precious metals like gold, silver, and platinum are discussed in detail, focusing on their roles as safe havens and evaluating the limitations and drivers of gold's demand. Copper's pivotal role in the global energy transition is highlighted, along with the current challenges it faces.

The webinar concludes with a Q&A session that addresses questions about oil prices' impact on other commodities, the outlook for platinum, and expected pullbacks in gold and silver. Additionally, it explores geopolitical tensions and how investors should navigate the commodity market today.


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