{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"The Commodity Bull Market Is Still On: Olive Resource Capital's Macro Playbook | Compass","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/f8f08663\"></iframe>","width":"100%","height":180,"duration":1744,"description":"Recording date: 19th June 2026Samuel Pelaez and Derek Macpherson of Olive Resource Capital make the case that the commodity bull market remains intact despite near-term volatility — and explain exactly how they are positioning for it.The pair cover the latest developments in the Strait of Hormuz, where a US-Iran term sheet has eased but not eliminated geopolitical risk, and assess what a structurally different Federal Reserve under new Chair Kevin Warsh means for industrial commodity demand. With crude pulling back toward $80 a barrel, Olive Resource Capital has been adding to oil and gas exposure. Takeover proceeds are being redeployed into small and mid-cap copper producers and explorers, with AI-driven data centre construction cited as a durable demand driver the market is underappreciating. Gold fundamentals remain intact, supported by expected central bank net buying and persistent global fiscal deficits.The discussion closes with a candid look at portfolio discipline - why entry points matter as much as stock selection, and why the firm is carrying above-average cash while waiting for risk to reprice.Sign up for Crux Investor: https://cruxinvestor.com","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}