Commodity demand destruction (#496)

Simon Shares The good news is the US had a green week last week, for the first time in 8 weeks Goldfields (JSE code: GFI) is down on news it paying a chunky 33.8% premium to acquire Canadian Yamana Gold in an all-share deal We finally got the petrol price increase and the 150c fuel levy reduction remains in force, for now. German inflation hits 7.9% for May. Highest since the 1950s. EU inflation for May 8.1%, the highest ever. EU agrees on a partial ban on Russian oil imports Monthly dividends in a JSE equity portfolio Offshore ETFs paying monthly dividends   Demand destruction in commodities There comes a point at which a commodities price is simply too high and the price itself reduces demand. Depending on the commodity high prices often need to be high for protracted periods of time.