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Kontrarian Korner #23 - Le Shrub

A Look At The Commodities Universe & The Market With Le Shrub

Once you realize it’s all nonsense then it all makes sense.

A couple days ago, I had fellow Substack author

on the podcast. He writes over at Reminiscences of a Shrub Operator, and if you don’t already follow him, you should. He’s clearly the most talented trader in the plant kingdom, but we had a great conversation on different commodities, the market, and several stocks of interest. He’s also a very entertaining follow on Twitter.

Podcast Summary

  • His preferred way to get exposure to oil, and what it takes for geopolitical risk to get priced into oil markets.

  • The Trump trades, and how a Trump win might be worse for deficits, bonds, and the dollar.

  • Why platinum is his preferred precious metal inflation hedge, Costco’s COST 0.00%↑ (yes, that Costco) potential impact on a platinum bull market, and how platinum is trading at the widest discount to gold in history.

  • His thoughts on several coal stocks, including Peabody Energy BTU 0.00%↑ and Warrior Met Coal HCC 0.00%↑, and the outlook for metallurgical vs. thermal coal.

  • Why tin is one of his favorite under the radar opportunities in the commodities space.

  • His thoughts on broader markets, what he’s looking for to get bearish, and why investors should keep an eye on China.

  • Book Recommendation: The Gambler by Fyodor Dostoevsky.


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