Lately, we’ve focused on topics that are on everyone’s mind: inflation, asset classes to consider for this volatile environment, commodities, and the energy sector…
These are all such important topics because they affect all of our lives. And so today, I rang up the rockstar commodities trader Tony Greer, who has 30 years of experience in macro and trading.
You may know Tony from his newsletter intended mostly for traders. I particularly wanted to get his take on the current situation in the commodities markets, and what to expect in the years ahead.
We discussed the main reasons behind the energy crisis – and unlike the talking heads on TV, Tony doesn’t place blame on the Russia/Ukraine war, or even on Covid. Instead, according to Tony, we’re facing a deeply political issue. And fixing that problem primarily involves changing US national energy policy.
But it’s not that easy.
As I’ve said since the Covid lockdowns of 2020, it’s much easier to turn things off than to turn them back on – think of lights at an old school gym, which turn off instantly, but might take a half hour or more to come back on. The ongoing damage to the energy ecosystem – both in the US and globally – will be quite difficult to reverse, and will take years to correct.
I also asked Tony for his take on gold as an asset class, and we discussed some ways to view gold as a potential, uncorrelated long-term hedge. Tony also mentioned some other asset classes that he’s particularly interested in right now.
Tony is a lively, engaging guy with his finger on the pulse.
Lately, we’ve focused on topics that are on everyone’s mind: inflation, asset classes to consider for this volatile environment, commodities, and the energy sector… These are all such important topics because they affect all of our lives. And so today, I rang up the rockstar commodities trader Tony Greer, who has 30 years of experience…
