Nov 18, 2020 Guest(s): Willem Middelkoop Founder & CIO, Commodity Discovery Fund
The commodity cycle is currently at a 100-year low when compared to the S&P 500, according to Willem Middelkoop, founder of the Commodity Discovery Fund.
"When you can enter a market as an investor at the 100-year low valuation, you know you're buying near the bottom," Middelkoop said. "We've seen a strong rise of gold. Gold often moves sooner in a recovery than the broader commodity market, so I expect the broader commodity market to recover in the next few years. They will benefit from all the money being printed. I think the new Administration [in the White House] will start to invest a lot in infrastructure."
The Commodity Discovery Fund focuses on exploration companies around the world. The fund is up 60% year to date, having expanded its assets under management from $50 million to $150 million since March.