Video & Podcast Of The Week
Two Views Of The Big Picture With Different Views On Gold To Oil & A Quick Weekend Update On Sable
I hope everyone is having a good weekend and is looking forward to this week. We will see if we get some big news this week on Sable Offshore SOC 0.00%↑, but I think that situation will get simpler over the next month or so. Knock on wood.
I wanted to share a couple podcasts for readers that are worth your time, with differing views on gold to oil and other commodities. I have several podcast guests lined up for the next month that I’m very excited about, and I’m sure we will be talking about some of the topics in these conversations. They come to different conclusions, but both conversations are comprehensive looks at the big picture for financial markets. If you listen to either one, you will definitely learn a couple things or at least get some food for thought.
Arcadia Economics w/ Luke Gromen
If you’re interested between the ties between the bond market, currencies, commodities, and changes in the global financial system, this one is for you. They also cover a topic that has become a bigger focus for many investors with the increasing importance of stablecoins, and what it means for the Treasury market. Another theme was gold, why it is becoming a global reserve asset, and why Luke thinks gold to oil is going to go to 200 or 300 barrels to an ounce of gold. I thought the most interesting topic of this one was actually rare earths, and what it means for US-China relations. They talk about why it’s Pandora’s box, and MP Materials MP 0.00%↑ as a case study for what might happen with US government getting more involved in other critical supply chains.
The Value Perspective w/ Adam Rozencwajg
Rozencwajg has a different view from Gromen, and while gold has been a bright spot in the commodities sector, their firm sees relative value in the energy sector. They’re still bullish on gold, and he points out that over the last 150 years, the valuation of commodities versus stocks has only been cheaper at the bottom in 2020. He goes into why they look for areas starved of capital, what investors miss at the bottom of commodities cycles, and what investors miss on long lived assets. One thing that does tie in with Gromen is his view that a major change in the monetary regime is coming. He points out that the last three major commodities bull markets started with a major change in the monetary regime and global trade patterns. They also covered uranium and PGMs, and other opportunities in the commodities sector. If you’re interested in commodities, this is the podcast for you.