Venezuela Turbocharges the Commodities Bull Market
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There’s one clear implication from the events unfolding in Venezuela-- multilateralism and rules-based foreign policy as we know it could be a thing of the past. That’s a boon for commodities, including precious metals, meaning that the bull market has room to run. The bigger question is what it means for inflation.
Rather than opine about what could happen geopolitically (where I have many views since I used to be a diplomat), let’s look at the flashpoints in Venezuela through the narrow lens of near certainties.