As we discussed in our Q4 2017 letter, one of the most important drivers of a country’s commodity demand growth is the rate at which its population urbanizes. As a population moves from the...
I vividly remember arriving in Mumbai for the first time back in the fall of 2007. As we landed, the slums surrounding the airport were barely visible through the thick haze that enveloped the city....
What makes us so bullish, especially when everyone else is so bearish?Often in severe bear markets, obvious bullish data points sit right in front of us and yet no one seems to notice. Our current ...
Investors, friends, and readers of commentaries from Goehring & Rozencwajg, know us for our in-depth fundamental research on natural resources / global commodity markets and long tenure in the...
Since 2000, investors in commodities and natural resources have been fixated on China as the main source of demand growth -- for good reason. Over the last 18 years, China’s oil demand has grown by...
“Brace for another steep and sudden drop in Oil Prices” - Commodities Column, Barrons, August 14, 2017 “BHP chairman say $20 billion investments in shale was a mistake.”- Reuters, June 29, 2017 ...
We are at the bottom in global commodity prices. As you can see from Chart 1 (which plots the price of commodities as measured against the US stock market going back 100 years), commodities are as...
Elon Musk’s April announcement that Tesla will manufacture a $35,000 electric vehicle prompted a huge amount of discussion in the investment community regarding the coming bull market in renewables...