Jeff Currie of Goldman: All commodities in sharp deficits except for gold, zinc, and cocoa
Jeff Currie of Goldman Sachs was back on CNBC today, and he noted how all of the other commodities aside from gold, zinc, and cocoa are in sharp deficits due to demand recovery and inadequate supply.
He also noted how backwardation is a sign of shortage in the market, which is currently the case with silver.
It’s a shocking report, and to find out more, click to watch the video now!
Click image below to watch the full episode:
