Goldman's Currie Says Commodities Will Surge in 2023

Goldman Sachs predicts commodities will be the best-performing asset in 2023 due to underinvestment and China's reopening. Jeff Curry explains the super cycle concept, highlighting supply-demand imbalances. China's reopening is expected to tighten markets, causing price volatility. Investment strategies favor commodity equities over direct commodities due to undervaluation. The natural gas market in Europe remains precarious, with potential price spikes due to cold weather.

What factors contribute to the bullish outlook on commodities for 2023?

How does the concept of a 'super cycle' differ from a simple upward trend in commodity prices?

What impact does China's lockdown have on global commodity prices?

In what ways are commodity equities expected to perform compared to commodities themselves?

What are the implications of underinvestment in commodity supply?

How might the reopening of China affect the demand for commodities?

What challenges does the natural gas market in Europe face this winter?