Commodities Have 'Never, Ever' Been More Undervalued Than Today: Leigh Goehring
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- čas přidán 16. 06. 2024
- Leigh Goehring brings his decades of experience as an investor in natural resources to send a message: now is the time to invest in commodities, as they have never been more undervalued in the history of markets. Leigh goes in-depth on his investment thesis for gold, silver, uranium, copper, energy, and agriculture, along with explaining the cyclical nature of commodities and why today is when you want to be invested in the sector.
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Goehring & Rozencwajg: www.gorozen.com
00:00 Introduction
01:45 Cyclical Nature of Commodities
04:40 Thoughts on the Broad Market
07:50 New Bull Market for Gold
17:04 Silver Will Play Catch-Up
20:18 Has the Big Money Been Made in Uranium?
25:15 Fertilizers and Agriculture
34:27 Oil, Natural Gas and Coal
44:23 Will Copper Continue to Rise?
#commodities #gold #uranium
Thank you Jesse for hosting Leigh Goehring. The man is an investing sage and gives away his knowledge freely. Great show!
Thank you for watching, Leigh certainly is a wealth of valuable information.
Never heard of this guy, but he sure knows his stuff. Very wise and knowledgeable.
I first heard him interviewed on Macro Voices and was blown away, really stoked to have interviewed him.
Ive been reading Leigh and Adam's stuff for a while not but thisnis the first time ive heard Leigh speak. Very insightful!
I like that you let your guest talk. You ask the question, then you’re quiet. 👍👍
This was amazing! Clear questions - straight answers AND FREE THINKING! Sunspot cycles is a new for me, but in the last 15 years I have heard "worse for me" and it all came true! My thanks to Leigh for being open and honest.
I like to disagree with the silver answer as - with all due respect - my Ag is now outperforming my Au, but historically maybe it should not yet or this will change again soon. Ratio is 76.x and my buys were all well over 80. I think there might be relatively less Ag out there as has been in the older pm bull markets. Gold is still there, silver is gone.
Jesse, I enjoyed Leigh big time. Many thanks!
Many thanks to you for tuning into the show and I agree about Leigh being a fantastic guest.
This was the best financial interview I think I’ve ever heard. Very informative!
Glad you got value from it, I certainly found Leigh to be a wealth of information.
@@CommodityCulture I appreciate what you do! I listen as much as I can
Love this guy's firms work
I like this guys enthusiasm
Great interview and great guest! Happy to be investing in commodities now.
Glad you enjoyed it!
Interesting guest. Thanks for having him! I find his mention of draught and extreme weather fascinating! As an engineer who loves the study of planetary science, we should all note that Sun Cycle 25 began in 2019. The solar maximum is supposed to be around July 2026, so do not be surprised to see extreme weather around the GS maximum. Then we head towards the grand solar minimum or the GSM, with its peak around 2030. I'd be interested to see if Leigh has any thoughts on the projected severity of the upcoming GSM. For example, the Dalton Minimum (1790-1820). This was a solar minimum during which Europe and North America faced severe cold spells. The “Year Without a Summer” in 1816 is a famous example. Crops failed, and people suffered due to the cold.
Another example from history is related to solar storms, which we are now seeing with increasing frequency.
Solar Storm of Oct-Nov 1903: An extreme solar storm occurred during the ascending phase of the relatively weak solar cycle 14. It led to significant geomagnetic disturbances and is the most significant storm on record during a solar minimum period.
Also note that ALL of our electronics are becoming more and more vulnerable as the earth's magnetic field continues to weaken. (Nobody wants to talk about this or the investment required to harden infrastructure!). I'm "fringe" or a "conspiracy theorist' for even mentioning this!
Again, great interview. I'll have to check out their website!
Awesome information, thank you for the comment.
Very good talk!!!
Great conversation 💯
Glad you enjoyed it!
That technology Leigh describes for finding and mining copper is interesting.
It certainly pushes my current bias though, which is to ride the copper bull with producing miners only (juniors and large companies) while avoiding the exploration sector.
I ultimately decided that exploration companies are not for me after losing a bunch of $ on explorers in the years following the 2021 peak. I have a lot more patience when there’s solid earnings.
Makes sense to me, I completely avoid exploration and prefer producers or in the case of uranium, developers with a clear path to production.
I really enjoyed this one, great talk on the commodity space backed by solid research.
I have thoroughly enjoyed listening to him...he is a very knowledgeable gentleman with heaps of great advice.
Thank you both for your time as always... keep up the good work Jesse you always get the best of the best😎👍💯
#DCAandCHILL
Thanks and very much appreciate the comment!
Interesting guest.
This gentleman is such a good speaker and passionate.
Agreed!
I hope so. I have been buying the dip on commod's for years. Made out well on U (3-4x), and copper. But my gold and silver miners still underwater though I have recovered a lot the past couple of months. So I am locked and loaded for this commodity bull run that is supposed to come, but never does (at least for Gold and Silver miners).
Great guest. Thanks
Thanks for watching!
Great interview. Be your own bank, buy Gold and Silver
Good one jesse
Thanks!
Great content !
Thank you.
Would increase in nat gas price also be bullish onshore oil service?
very interesting podcast and Herr Goehring certainly brings a lot of insight to the commodities (i have been reading their quarterly newsletter for about a year now but nice to hear one of the authors speaking in his own voice about the commodities complex)...comment about North American LNG very interesting...thank you Jesse for this interview.
Thank you for watching.
Gold and silver are completely hammered this week.
Great video
Can you analyse the aluminum market ? Thanks
This is an interesting suggestion, I'll have to ask a guest with knowledge about aluminum to discuss.
Thx 🙏🙏🙏
You’re welcome 😊
Great info, great guy, his totally schitzo microphone (whose volume sensitivity randomly went up and down) drove me nuts.
Leigh read The Worst Hard Time for a terrific tale and insights into what caused the Dust Bowl
very good interview - I twould be good to hear what ETF's are good for Agriculture, Fertilizer, Coal, Gas
Honestly speaking, there are very few ETFs in those categories unless you want to play the futures market. ETFs with actual companies in them are few and far between, I use the COW ETF for agriculture, the is only one ETF for coal right now and it's fairly new with a very small AUM, nothing for nat gas either, outside of lumping it in with energy and buying an oil & gas ETF like XLE.
Mega, bring them ob more often
Silver market has very different supply/demand fundamentals now - not sure how far behind gold it will lag or if it will signal end of gold run this time.
largest lng exporters are australia, qatar
Great interview n interesting guest although hard to hear his audio scratchy or can’t he go to a private room so he can speak louder ..
What are your favorite natural gas stocks?
I play the nat gas market with Vermilion.
I don’t agree because EV sales are dropping and so Are electronics sales so demand for lithium , Copper and nickel will go down in the next 2-7 years which means a lot of the capital investment being wasted for no reason and these projects becomes loss making for many companies like Albemarle, FMC etc . The only commodity that every one should buy between 1500-1900$ per Oz is Gold . I won’t buy above 1900$ and won’t stay on the side lines below 1500$ per Oz. Gold also should not be more than 10% of a total portfolio and it should be used as a hedge against uncertainty and inflation. Rest of the 90% portfolio should be invested in Cashflow generating businesses .
gold , silver , cuivre 🚀🚀🚀
Are Central banks accumulating silver (in addition to Gold)? If so, silver playing a role as a reserve asset and a reserve supply for the country’s industrial use (post future crash) to stimulate economic growth!
No, they are not accumulating silver.
That’s “poor man’s gold” Central banks aren’t price sensitive!
Started as a financial interview, ended as a christopher nolan film.
Ja Herr Gœrring! 😆😂🤣
Yes, dramatically undervalued. But how long can TPTB hold the prices down - silver is a perfect example. Turnaround could be 20+ years.
First!
Correction GME and amc technicals heated up that’s why he posted the first one then a nice size short covering happened and retail jumped in how do I know more then you guys when I only been doing this 5 years? smh I guess you guys should join my trading group 😂😂😂
If your claim to fame is AMC and GmE, you won't be here in another 5 years! 😂
@@cocobrosia1667 small piece of my portfolio I mad 300+% off gme and dumped it all and I’ll buy back up when it hits bottom again lol
OMG, I can't believe a trading genius watches my channel. Quick, everyone join his trading group so we can all retire early and get lambos.
@@CommodityCulture never said I was a genius just thought someone that has a channel would know more and report the facts 😂😂😂 then I remembered you CZcamsrs just have channels to pump whatever you been stuck in for years 🤔
I wish he would invest in a decent mic though.
You guys did not even mention the elephant in the room... PLATINUM? WTF
I discussed platinum in a couple of recent interviews with Anthony Cohen and also, Dave Collum.
Silver and Gold is God’s money! Gold represents Christ’s royalty. Silver represents His Redemption.
Junior goldies are being starved of capital.
"the average coal stock we follow is up 2400 percent" since 2020. I don't know any coal stock up that much since 2020, let alone the average, can anybody help where this figure comes from? Must have made a mistake thats like a 200 bagger on average.
Over that time span, AMR went from $5 to $400 and BTU went from $1.50 to $23.50. I can't be bothered to do the math but that seems to be in line with what he's saying.
he not answer questi0ns, he only blabla about history
Boy is this channel not for you.
Bla bla bla just another crook.