--- title: G&R Blog | Commodities (2) description: Commodities | Stay informed with natural resources market insights from Goehring & Rozencwajg Associates. (2) --- [![GoRozen logo](https://blog.gorozen.com/hs-fs/hubfs/Gorozen_July2023/images/629a25c15755c930be0d624f_GoRozen-logo-horizontal-web.png?width=444&height=79&name=629a25c15755c930be0d624f_GoRozen-logo-horizontal-web.png "GoRozen logo")](https://www.gorozen.com/) - FIRM - [HOME](https://www.gorozen.com/) - [ABOUT](https://www.gorozen.com/about) - [TEAM](https://www.gorozen.com/team) - CONTENT - [COMMENTARIES](https://www.gorozen.com/commentaries) - [BLOG](https://blog.gorozen.com/blog) - [PODCASTS](https://www.gorozen.com/podcasts) - HOW TO INVEST - [MUTUAL FUND](https://www.gorozen.com/gr-funds) - [CONFERENCE](https://conference.gorozen.com/) - [CONTACT](https://www.gorozen.com/contact) [access latest research](https://www.gorozen.com/commentaries) # G&R Blog ## Commodities [![(Podcast) Gold, Silver vs. Energy — Where I'm Focusing Now](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.04%20Investing%20News%20Network%20Interview%20-%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/podcast-gold-silver-vs-energy-where-we-are-focusing-now) ### [(Podcast) Gold, Silver vs. Energy — Where I'm Focusing Now](https://blog.gorozen.com/blog/podcast-gold-silver-vs-energy-where-we-are-focusing-now) 05/01/2026 The oil market may be experiencing its biggest shock ever — and most investors aren’t positioned for it. In a recent interview with Charlotte McLeod of the Investing News Network, Adam Rozencwajg... [Read More →](https://blog.gorozen.com/blog/podcast-gold-silver-vs-energy-where-we-are-focusing-now) [![(Podcast) Are We Still in the Early Stages of the Commodities Cycle?](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.04%20G%26R%20Blog%20%23473%20-%20Sprott%20Radio%20Podcast%20with%20Adam%20Rozencwajg.png)](https://blog.gorozen.com/blog/are-we-still-in-the-early-stages-of-the-commodities-cycle) ### [(Podcast) Are We Still in the Early Stages of the Commodities Cycle?](https://blog.gorozen.com/blog/are-we-still-in-the-early-stages-of-the-commodities-cycle) 04/23/2026 Despite recent gains across gold and energy, evidence suggests the current commodities cycle may still be in its early stages.In a recent Sprott Radio episode, Adam Rozencwajg, CFA, Managing Partner... [Read More →](https://blog.gorozen.com/blog/are-we-still-in-the-early-stages-of-the-commodities-cycle) [![(Podcast) MacroVoices - What Comes Next After the Iran Crisis?](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.04%20GR%20Blog%20%23472-%20MacroVoices%20Podcast%20with%20Adam.png)](https://blog.gorozen.com/blog/podcast-macrovoices-what-comes-next-after-the-iran-crisis) ### [(Podcast) MacroVoices - What Comes Next After the Iran Crisis?](https://blog.gorozen.com/blog/podcast-macrovoices-what-comes-next-after-the-iran-crisis) 04/16/2026 Geopolitical shocks tend to fade from headlines quickly—but their impact on markets often lingers much longer.In the wake of the Iran crisis, key questions remain: how are global energy flows... [Read More →](https://blog.gorozen.com/blog/podcast-macrovoices-what-comes-next-after-the-iran-crisis) [![VIDEO: The Commodity Bull Market and the Capital Cycle](https://blog.gorozen.com/hubfs/Commentaries%20+%20Content%20Offers/2025.Q4%20Commentary/2025.Q4%20Video.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20-%20VIDEO%20The%20Commodity%20Bull%20Market%20and%20the%20Capital%20Cycle%20(1).png)](https://blog.gorozen.com/blog/video-the-commodity-bull-market-and-the-capital-cycle) ### [VIDEO: The Commodity Bull Market and the Capital Cycle](https://blog.gorozen.com/blog/video-the-commodity-bull-market-and-the-capital-cycle) 03/27/2026 \[NEW VIDEO\] Many investors wonder if the commodity rally has already been missed. The data suggests otherwise. Most commodities remain far below their inflation-adjusted highs, and relative... [Read More →](https://blog.gorozen.com/blog/video-the-commodity-bull-market-and-the-capital-cycle) [![VIDEO: The Strait of Hormuz and the Global Oil Market](https://blog.gorozen.com/hubfs/Commentaries%20+%20Content%20Offers/2025.Q4%20Commentary/2025.Q4%20Video.%20Adam%20Rozencwajg%2c%20CFA%20Managing%20Partner%20-%20VIDEO%20The%20Strait%20of%20Hormuz%20and%20the%20Global%20Oil%20Market%20-%20SOCIAL.png)](https://blog.gorozen.com/blog/video-the-strait-of-hormuz-and-the-global-oil-market) ### [VIDEO: The Strait of Hormuz and the Global Oil Market](https://blog.gorozen.com/blog/video-the-strait-of-hormuz-and-the-global-oil-market) 03/25/2026 Twenty percent of the world’s oil flows through the Strait of Hormuz. As of March 2026, that flow effectively stopped.What followed may be the largest physical supply shock in energy history—but the... [Read More →](https://blog.gorozen.com/blog/video-the-strait-of-hormuz-and-the-global-oil-market) [![The Hormuz Supply Shock](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.03%20GR%20%23468%20-%20When%20the%20Strait%20Closed.png)](https://blog.gorozen.com/blog/the-hormuz-supply-shock) ### [The Hormuz Supply Shock](https://blog.gorozen.com/blog/the-hormuz-supply-shock) 03/20/2026 The sudden closure of the Strait of Hormuz has triggered one of the most significant supply disruptions in the history of global energy markets. With roughly one-fifth of the world’s oil flows... [Read More →](https://blog.gorozen.com/blog/the-hormuz-supply-shock) [![Problems Developing With Uranium Supply](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.03%20GR%20%23467%20-%20Uranium.png)](https://blog.gorozen.com/blog/problems-developing-with-uranium-supply) ### [Problems Developing With Uranium Supply](https://blog.gorozen.com/blog/problems-developing-with-uranium-supply) 03/05/2026 The article below is an excerpt from our Q3 2025 commentary. Global uranium markets have been awash in bullish developments over the past two years, as governments, utilities, investors, and even... [Read More →](https://blog.gorozen.com/blog/problems-developing-with-uranium-supply) [![Podcast: Gold & Oil - Bright Days Lie Ahead](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.02%20GR%20Blog%20%23466-%20Adam%20on%20Peak%20Prosperity%20Podcast.png)](https://blog.gorozen.com/blog/podcast-gold-oil-bright-days-lie-ahead) ### [Podcast: Gold & Oil - Bright Days Lie Ahead](https://blog.gorozen.com/blog/podcast-gold-oil-bright-days-lie-ahead) 02/26/2026 Adam Rozencwajg recently joined Chris Martenson on the Peak Prosperity podcast to discuss the evolving macro environment and its potential implications for commodities.The conversation explores: ... [Read More →](https://blog.gorozen.com/blog/podcast-gold-oil-bright-days-lie-ahead) [![Podcast: Why Gold and Silver May Be the Last Defense Against Inflation and Debt](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.01%20GR%20Blog%20%23465-%20Leigh%20on%20VRIC%20Podcast.png)](https://blog.gorozen.com/blog/podcast-why-gold-and-silver-may-be-the-last-defense-against-inflation-and-debt) ### [Podcast: Why Gold and Silver May Be the Last Defense Against Inflation and Debt](https://blog.gorozen.com/blog/podcast-why-gold-and-silver-may-be-the-last-defense-against-inflation-and-debt) 02/19/2026 Leigh Goehring, Managing Partner at G&R, recently joined Jesse Day on the VRIC podcast to discuss why gold and silver may be far more than a strong recent trade—and why they could prove essential in... [Read More →](https://blog.gorozen.com/blog/podcast-why-gold-and-silver-may-be-the-last-defense-against-inflation-and-debt) [![Natural Gas: A Research Odyssey](https://blog.gorozen.com/hubfs/Blog/2026%20Blogs/2026.01%20GR%20%23463%20-%20Natural%20Gas.png)](https://blog.gorozen.com/blog/natural-gas-a-research-odyssey) ### [Natural Gas: A Research Odyssey](https://blog.gorozen.com/blog/natural-gas-a-research-odyssey) 01/21/2026 The article below is an excerpt from our Q3 2025 commentary. We have long taken a certain perverse pride in conducting research that is not merely original, but occasionally so unfashionable that... [Read More →](https://blog.gorozen.com/blog/natural-gas-a-research-odyssey) [All posts](https://blog.gorozen.com/blog/all) This quarter's ## Natural Resource Market Commentary [DOWNLOAD NOW](http://gorozen.com/research/commentaries) Stay informed with Natural Resource Market Insights Goehring & Rozencwajg Associates, LLC. 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