About this episode

Bob Thompson discusses the current state of commodities and whether it's time to take profits or stay invested.

A year ago, Bob Thompson called commodities the trade of the decade. Since then, silver miners, energy stocks and commodity-focused funds have delivered massive gains. But with gold down sharply from its highs, oil rolling over and investors questioning whether the trade has become too crowded, is it time to take profits—or is this just a correction within a much bigger bull market? In this episode, Bob Thompson of Thompson Investment Partners explains why he still believes we're in the early innings of a long-term commodities supercycle despite the recent weakness. He walks through his famous "Mining Clock" framework, outlines where he believes we are in the commodity cycle, and explains why gold, silver, copper and oil all remain strong two years from now. He also shares why the real risk may be hiding in technology stocks, where he sees echoes of previous market bubbles and growing signs that the capex cycle is nearing a dangerous stage. In the Mailbag, Bob breaks down why he believes the recent collapse in oil prices is a short-term positioning event rather than the end of the energy bull market. He discusses physical gold and silver ETFs, explains how he identifies…

People in this episode

Host: Amber Kanwar

Guest: Bob Thompson

Topics covered

• commodities
• investing
• market cycles
• energy
• gold and silver
• technology stocks

Keywords

• commodities
• gold
• silver
• oil
• market bubbles
• investing strategies
• energy stocks
• Mining Clock
• capex cycle

Mentioned in this episode

Organizations: Thompson Investment Partners

Products: Lundin Gold, Altius Minerals, gold, silver, copper, oil

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