Episode 581
The looming commodity cliff (#581)
WorldWide Markets with Simon Brown · JustOneLap.com
April 3, 202416m 30s
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Show Notes
Commodity Market Analysis
- Oil prices are on the rise, currently trading around $89 per barrel, indicating both demand and supply factors at play.
- Factors affecting oil prices include supply disruptions from Russia and Saudi Arabia's production cuts through OPEC+.
- Concerns about inflation are reflected in the rising price of gold, which is currently trading at all-time highs above $2300 per ounce.
- Despite uncertainty, inflation is not expected to decrease soon, especially with increasing energy costs
- Discussion on the delayed rate cuts by the US Federal Reserve and the global outlook on inflation.
- Goldfield's Chilean mine is expected to produce gold at significantly reduced costs in the coming years, potentially impacting global gold supply.
- Analysis of the time taken for new mines to commence production, highlighting the challenge of meeting future demand.
- SARS reports an additional R10 billion in tax receipts, contributing to a total of R1.7 trillion in tax collections.
- While individual tax collections saw an increase of 8.2%, company tax declined by 9%, reflecting challenges faced by various sectors, including retail and mining.
- Top performing ETFs in the first quarter of 2024 include those focused on international markets, particularly in technology and Japanese sectors.
- Conversely, local ETFs, especially those tied to South African markets, experienced declines.
- Analysis of factors influencing the performance of specific ETFs and their compound annual growth rates (CAGRs).