G&R Blog

“Over the past decade, there has been a chronic bias in the IEA estimates for non-OECD demand, and we believe this time is no different. Our models suggest that emerging market oil demand has held up...

With gold prices rallying, is it still a good investment? Should you invest in the physical commodities or in the equities of gold-producing companies? What characteristics do a strong mining company...

“Even adjusting the Fed’s balance sheet for excess reserves (a debate in and of itself), we believe today’s balance sheet justifies a gold price in excess of $15,000 per ounce on the low side or...

Below is an excerpt from our Q4 2019 Commentary. However, we still believe today this information is valuable and wanted to share it with you in case this topic is of interest to you. In a previous...

As proof we live in interesting times, just consider the gold-oil ratio over the last few months. Because of the impact of COVID-19 on the global economy, the gold-oil ratio has reached the highest...

While we are at the midpoint of the year, we'd like to take a moment to reflect on our writings. Inflation has been a hot topic this year and we’ve enjoyed sharing our views on how the Fed may be...

We may be near the end of the twelve-year bear market in natural gas. Although we have mostly stayed away from natural gas stocks over the last several years, we continue to follow the market...

The Managing Partners here at Goehring & Rozencwajg have historically been relied on to provide perspective on an array of natural resource-related topics. For your reading interest, below is a list...

During a recent client call, this question on inflation was posed to G&R Managing Partner Adam Rozencwajg, CFA: “Over the past 40 or so years, we've been in a period of declining real interest rates....

“If production were to average 80.5 mm b/d, then global inventories would go from ‘full’ to 15-year low levels in only two months.” Image Source: desmogblog.com In recent blogs we’ve been...