A top commodities guru says these 4 assets are about to join the data center-fueled bull market

Core Viewpoint - The data center boom is expected to significantly benefit commodities, with a particular focus on natural gas, base metals, precious metals, and crude oil as key areas of growth [1][5]. Commodities Overview - Commodities are seen as the most undervalued assets currently, with a bull market already underway, particularly in gold, which has increased by 54% year-to-date [2][4]. - The investment in AI is perceived as misdirected, with a need for more focus on the raw materials required for data centers, such as metals and gas [3][4]. Specific Commodities - Natural Gas: Essential for powering gas turbines in data centers [6]. - Base Metals: Includes steel and copper, which are critical for components like gas turbines and the energy grid [6]. - Precious Metals: Metals such as gold, silver, and palladium are utilized in data center components [6]. - Crude Oil: Provides power to data centers, with no major non-OPEC oil projects expected to start next year, potentially driving prices higher [6].