This week both the Australian former Prime Minister, Kevin Rudd, and Gavin Graham, contributing editor of the Income Investor, both said that commodity prices will continue to perform well in the current environment of:
Continuing trade sanctions against Russia that are expected to last for much longer than originally thought
Increased Chinese Covid lockdowns resulting in a continuation of supply disruptions and goods shortages
Global inflationary pressures in both labour and commodities
Gavin Graham also mentioned that the Canadian dollar is trading historically at a much lower valuation relative to the US greenback taking into account the high commodity prices, especially crude oil and natural gas.