U.S. Global Investors [www.usfunds.com]

Looking Toward the Next Big Commodities Cycle

Samuel Pelaez, chief investment officer of Galileo Global Equity Advisors, chats with Frank Holmes, CEO and chief investment officer of U.S. Global Investors, on what’s in store for commodities for the second half of the year. The focus of their conversation starts with a chart showing the Bloomberg Commodity Index divided by the S&P 500 Index. Right now, this shows that commodities, relative to the broader stock market, are at an all-time low.

Frank Holmes says based on macro cycles like this, there’s no doubt that mean reversion will take place. For the full conversation tune in to the replay below!

For a recap of how commodities have performed so far this year, check out the Commodities Halftime Report 2018.


All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

The Bloomberg Commodity Index is made up of 22 exchange-traded futures on physical commodities. The index represents 20 commodities, which are weighted to account for economic significance and market liquidity.

The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.

U.S. Global Investors owns 65% interest in Galileo Global Equity Advisors.