Goehring & Rozencwajg Team
“We believe we are potentially entering a significant period of decreased sunspot activity, with resulting severe weather implications.” What is a sunspot and how does it affect the earth’s...
We recently pointed out that while it may sound unorthodox, no one has even dared ponder what the effects of a global cooling period would have on crop conditions. If the warming of the past 70 years...
“As the weather has become warmer and warmer over the last 70 years, the global grain harvest has become larger and larger.” One of the great arguments put forth by a huge number of economists,...
We sincerely appreciate your continued interest and support of our market insights. Below we recap our 3 most popular blog posts of the first half of 2019.
As our readers know, we believe a huge bull market in precious metals sits directly in front of us. For proof, we look no further than the April 22, 2019 Bloomberg Businessweek cover. Nearly 40 years...
“Headlines all strongly suggested DeGolyer & MacNaughton independently verified 260 bn bbl of Saudi Arabian oil reserves, in truth they only verified 162 bn (or 60%) of that amount.” Picking up...
“Ghawar will not be able to increase production from here, making its 3.8 m b/d ‘maximum sustained capacity’ figure highly suspect.” Major depletion issues are now emerging in the OPEC world,...
“According to the IEA, non-OPEC production outside of the U.S. and Russia peaked in June 2018 at 32.8 mm b/d and has since declined by 800,000 b/d.”
Despite 2019’s rally in oil prices, investors remain bearish towards oil-related equities. While Brent and WTI prices rallied between 25 and 30% from their Christmas Eve-lows, oil-related stocks...
In a recent blog, we wrote about Commodities Undervalued vs Broad Market, the value of commodities and natural resource-related equities relative to financial assets has grown more and more depressed...