Why Goldman Sachs's Currie Is Bullish on Commodities in 2020

The video discusses the impact of climate change on commodities, focusing on carbon capture technologies as a solution. It analyzes oil market dynamics, including OPEC's role and geopolitical factors. The video also covers the metals market, highlighting palladium, gold, and copper, and concludes with a discussion on iron ore and broader commodity market trends.

What is one of the key solutions discussed at Davos for addressing climate change in the commodities market?

• Increasing oil production

• Carbon capture technologies

• Subsidizing energy prices

• Reducing metal mining

Why is there a bullish outlook on commodities despite declining investments?

• Technological advancements in mining

• Declining investments in the old economy

• Rising demand in the new economy

• Increased government subsidies

What factor is contributing to the tightening of the oil market?

• OPEC's production cuts

• Increased US oil production

• Rising global demand

• New oil discoveries

What is a potential ceiling for oil prices due to geopolitical factors?

• $100 per barrel

• $70 per barrel

• $90 per barrel

• $50 per barrel

What metal is primarily used in catalytic converters for gasoline engines?

• Platinum

• Copper

• Gold

• Palladium

What is one reason for holding gold as an investment?

• Low market volatility

• Government incentives

• Geopolitical risk hedge

• High industrial demand

What is the target price for copper mentioned in the discussion?

• $8,000 per ton

• $7,000 per ton

• $6,000 per ton

• $5,000 per ton