A classic early sign of a commodity cycle.

Mining industry nonfarm payrolls near historical lows.

This happened in early 1970s & 2000s.
Both marked the onset of a commodities bull market.

Labor & capital constraints are the amplifiers of bull market in resource stocks.

👇👇👇

Energy & soft commodities are obviously not mining related.

See below the nonfarm payrolls for oil & gas extraction which is also at historical lows.

To recall:

The green agenda hasn’t even started.
The decline in agricultural workers look even more severe.

To be fair, this is not a domestic problem.
We’re are experiencing similar issues worldwide.
This pandemic has truly magnified a long-term trend of labor reduction and under investments in the commodities space.

Resource companies have been facing a deep recession for some time now with not enough workers willing to enter this industry.
On top of it:

Government policies seem to be discouraging folks from return to the labor market.

People continue to leave the labor force like never before.
The supply shortage problem is much more permanent than most realize.

This upward pressure in consumer prices is probably just getting started.
See a few examples:

“Coke Cola will raise prices to offset higher commodity costs”

https://t.co/ke4CgsPm70
“Higher commodity costs lead to price hikes from Kimberly-Clark and other consumer giants”

https://t.co/434i1TTtTx
More broadly:

“Finance chiefs look to price increases to offset higher commodities costs”

https://t.co/5Eo7vgDHlb

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@franciscodeasis https://t.co/OuQaBRFPu7
Unfortunately the "This work includes the identification of viral sequences in bat samples, and has resulted in the isolation of three bat SARS-related coronaviruses that are now used as reagents to test therapeutics and vaccines." were BEFORE the


chimeric infectious clone grants were there.https://t.co/DAArwFkz6v is in 2017, Rs4231.
https://t.co/UgXygDjYbW is in 2016, RsSHC014 and RsWIV16.
https://t.co/krO69CsJ94 is in 2013, RsWIV1. notice that this is before the beginning of the project

starting in 2016. Also remember that they told about only 3 isolates/live viruses. RsSHC014 is a live infectious clone that is just as alive as those other "Isolates".

P.D. somehow is able to use funds that he have yet recieved yet, and send results and sequences from late 2019 back in time into 2015,2013 and 2016!

https://t.co/4wC7k1Lh54 Ref 3: Why ALL your pangolin samples were PCR negative? to avoid deep sequencing and accidentally reveal Paguma Larvata and Oryctolagus Cuniculus?