Generally quite interesting, I had not dealt with commodities before. In addition to asset managers, mining companies from Canada 🇨🇦 $CXB (+1,69 %) and oil companies from the USA 🇺🇲 $SMK presented themselves.
Conclusion (according to the trade fair, no advice😂)
The gold price has broken out of its multi-year consolidation.
Gold mines require an active management approach.
Is silver the new uranium?
12-month gold price at around USD 2700, short-term consolidation possible
Inflation shock -> interest rate shock -> recession shock -> PIVOT
Private gold demand is dominated by the emerging markets.
Investment point that I have taken with me is to take a closer look at $8001 (+2,28 %) Itochu. It's been on my watchlist for a long time, might be added to my portfolio, has a nice commodity component.
