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How to buy into the next big commodities bull market

© Ron D Raine/Bloomberg via Getty Images Last weekend everyone slightly wished they owned silver. The social-media driven investors who so upset the market with their short squeeze on GameStop spent Saturday and Sunday chatting about doing the same to the metal – which obligingly rose 7.7% on Monday alone. The excitement has died down since the r/wallstreetbets Reddit chatroom has dropped out of the headlines. But while you need never think of GameStop again, you should definitely keep thinking about silver. Silver is likely to play a core role in the next commodity supercycle. You don’t get proper long bull markets in industrial commodities very often: over the past 227 years, says Saxo Bank, there have only been six. But when you do, they are all driven by the same easy-to-see-in-hindsight dynamics: a glut of supply drives down prices; producers go on strike – they stop exploring and innovating; supply falls behind demand; stockpiles run down and prices rise. It’s as

The charts that matter: GameStop, silver, vaccines, and swapping gold for bitcoin

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Think Tesla is a bubble? This might be the best way to bet on it bursting

© Gao Yuwen/VCG via Getty Images Quick reminder – Merryn will be interviewing Charles Plowden of Baillie Gifford on Thursday. If you haven’t already registered to watch it, make sure you don’t miss out! Back to this morning – I saw a very striking chart on Twitter the other day. Dylan Grice of Calderwood Capital (an occasional MoneyWeek contributor) noted that electric car-maker Tesla is now valued at roughly the same amount as the entire S&P 500 oil sector. “The equity market seems to be saying that oil has no future, and that energy transition is basically here. I feel like that’s jumping the gun.” Needless to say, I agree.

The world s fund managers are getting very bullish – be careful out there

Before we get started this morning, I wanted to let you know about an upcoming online interview that I think you’ll almost certainly not want to miss. Our own Merryn Somerset Webb will be talking to Baillie Gifford’s Charles Plowden next Thursday (28 January).  Baillie Gifford, as I suspect most of you know, has been among the most successful investment managers of this particular era, helped by canny investments in the superstar companies of the past decade such as Tesla, Softbank and the FANGs.  What’s their secret? Can it continue? And what does the post-pandemic era hold for investors? Don’t miss it. Register here to view it live – it’s free.

Baillie Gifford American s Bujnowski to become partner as Plowden retires

Baillie Gifford American s Bujnowski to become partner as Plowden retires Three new partners take total up to 47 Dave Bujnowski joined Baillie Gifford in 2018 Dave Bujnowski, co-manager of 2020 s best-performing fund Baillie Gifford American, is one of three new partners appointed by the firm as two partners are set to retire. Bujnowski joined the firm in 2018 as an analyst in the North American equities team and currently serves as portfolio manager across both Baillie Gifford US Equity Growth and Baillie Gifford American.. To continue reading. Tel: +44 (0)1858 438 427 Register Now Investment Week helps enlightened investment professionals to grow revenues and manage risk by reading the market more astutely via this industry leading title.

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