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If you are a Plus or Pro member who skipped or was planning to skip this interview because you don't know who Ophir Gottlieb is, I urge you to PLEASE WATCH.
I was absolutely floored by his insight and framework for investing. He discusses three actionable ideas yes, but the real gem in this interview was Ophir himself. I've been following him for a while but finally getting to speak to him and really getting to see how he thinks was incredible. Oh, and his returns are spectacular.
I talked to Warren Irwin about a host of different commodity topics today but one of the best insights I got actually came after the camera stopped and I wanted to share it with Real Vision members. We were discussing the "silver squeeze" and he said that it actually happened in Uranium in the past bull market where Sprott got pre-positioned in uranium miners and then piled 100 million in to the spot market to drive the price up which then benefitted their miner positions. He also said that current run in uranium equities in spite of no movement in spot uranium reminded him of the setup. Uranium is so much less deep of a market than silver or other commodities. Hell the two largest producers in the world are basically offline right now and they need to go into the spot market to meet their contracting requirements. I'm not saying this is what's underway currently but thinking about what commodity markets actually could see a squeeze I wanted to share this with everyone. If you haven't seen the interview yet you can watch it HERE. Again this dynamic was not discussed in the interview so you won't find it there.
Shawn Hackett will be returning to Real Vision live on Jan 19th at 12PM ET to discuss his short to medium term outlook for ag commodities. He is bullish, but not for the inflationary reasons that many are focussed on. He covers it pretty well in this report available to Plus members.
It differs quite a bit from his last appearance which was focussed more on how he sees weather and climate developing long term. He is more focussed on the current and near future outlook for supply and demand, for which he believes supply disruption and not monetary forces will be the key driver of higher ag prices.
This week's precious metals exchange video of the week features Sam Zell and Kiril Sokoloff. Although this video is hardly devoted to precious metals it is notable that Sam Zell says that for the first time in his incredible investing career he has found himself buying gold. He even remarks that he used to make fun of people who bought gold but now has found himself on the other side of the table. He says he has bought both physical gold which he has in vaults and also gold mining equities. There are many famous investors dipping their toes into both gold an bitcoin for the first time and you can add Sam Zell to that increasingly long and impressive list.
YOU CAN WATCH THE VIDEO HERE
This week's commodities exchange video of the week is my interview with Adam Rodman and Arthur Hayes. We are discussing uranium and nuclear energy both in the short term and long term. Uranium stocks have moved a lot recently and there have been many stories in the news and they update viewers on those recent events while also trying to remind everyone that their thesis is not a short term one and can be seen as a trade on ESG inclusion. At the moment most ESG frameworks do not include uranium or nuclear but they argue in order to hit the green energy and emissions targets that many have signed up for, nuclear energy will soon be a necessary part of green energy transition plans. I'd like to highlight they do not discuss any individual names in the space.
PLUS AND PRO MEMBERS CAN WATCH IT HERE
This week's precious metals exchange video of the week is a Daily Briefing episode from Tuesday with Ash and Peter Boockvar. Peter is a long time Real Vision favorite who has often made the case for owning gold. In this interview he is less focussed on gold itself and more focussed on the potential for inflationary environment which obviously would be tailwind for gold.
YOU CAN WATCH THE INTERVIEW HERE
This week's video is Ed's interview with Howard Klein making the bull case for investing in lithium.
You can watch the full interview here
Mike Green has now done 3 interviews that touched on China. Two with arguably pro-China guests (Grantham and Gave) and another with a decidedly anti-China guest (Dr. Ward). In each case it felt like many more people in the audience had already made up their mind compared with say the inflation/deflation debate. The same can be said of other hot-button issues like COVID and climate change. I have a view on all of these issues and want to be able to discuss but the discourse and comments around these subjects feels different relative to other topics like say the direction of the dollar or yields.
