@@derekteed8188 No. Judging an investment thesis based on a black swan event and within a 2 year span makes YOU the clown and just shows you have no true knowledge about investing.
He owns gold at $250, sold oil at $80, this was recorded in march 2018, he could have easily exited from that position size in oil equities, he trades commodities and they were up almost as much as tech from the lows, lumber put tech to shame, corn did well etc etc the Q3/20
@@jimherebarbershop8188 Outdated if you are fishing for specific trades, but not if you are looking for clues to broad trends and general principles. Low energy prices, for example, are a great opportunity if you are looking forward to the next economic recovery.
I wonder if your guest has implemented Joel Salatin’s sustainable agriculture model that uses grass as cattle feed , with a movable fencing system, integrated composting system, a movable chicken houses to follow the cattle herds. I hope he does that. Your high-profile guest could help revolutionize the agricultural industry.
17:20 Hearing this now reminds me of oil futures going negative. Did we want to figure out how to store all this extra oil or were we planning on drilling less. Storing oil in the ground is cheap. Shipping containers fitted for a bladders? Not cheap while increasing in the risk.
Three reasons that the guest does not like natgas and halfway through the first reason, the host switched him to uranium. Would have liked to have heard the other two reasons.
GREAT INTERVIEW BUT THIER WAS NO DISCUSSION ABOUT SILVER AND WHAT ITS GIONG TO DO WAS A CURIOSITY OF MINE TALKS ABOUT COPPER AND THE NEW ELECTRIC CAR WAVE SURLY SILVER IS GOING TO BE MASSIVELY USED . THAT WAS DISSAPOINTING
Lee may have been early, but also note he own beef assets; meats are in a huge bull market as of Sep 2020. And "grass-fed grass-finished" has HUGE demand now in the keto/carnivore community.
Methinks the bulk of the gains in the latest precious metals boom/bust cycle have already been made...and I missed them. And I always get a little queasy about chasing a trend, quite possibly late in the game.
Are you kidding? The precious metals bull market has barely even started. Having said that, the current consolidation could potentially last several months before resuming the upward march.
@@tom8437 Yeah, I'm not a gold bug, but I would certainly be interested in buying a miner or three for a nice swing trade if we get a significant market correction in the coming months. Here's hoping. :)
Great talk. Technology might play a deflationary role in this commodity bull cycle. generally, technology platforms are deflationary. Moreover, would love to get thoughts on China shifting manufacturing to frontier markets with cheaper labor and the role of manufacturing automation in creating deflation. We may see deflation in consumer goods in this bull cycle as well.
The podcast starts out saying Malthus has been "refuted," then spends the rest of the podcast discussing approaching shortfalls in the raw materials we need to sustain the current population. Why not just admit that Malthus appears to have been right?
so many people are focused on the cutting edge. I believe looking back 24 months is very healthy to maintain an accurate view of the future. do you agree?
If oil is getting more difficult and costly to find and extract, that is just like an expanding population of 18th century farmers expanding into marginal, less productive lands, a classic Malthusian scenario. The population increases but the land resource does not. The population increases (or the economy grows), but the oil resource does not. Looks to me like Malthus is alive and well.
Recall when they bid up the price and then put out the peak oil myth knowing they had a new sideways drilling technology. Is this the same thing, probably meant for the common mans ear
Yes, he was early. But, I am looking strongly at his mutual fund, GRHAX. Whoever is our next US President, for the next few years, Congress is going to spend money like drunken sailors on shore leave. I believe the middle class will need investments in commodities as a hedge against future inflation. Hopefully we will not see hyperinflation, but eventually all fiat currencies fail.
Oil demand will continue to decline. The solar and EV revolution can not be stopped and we are reaching the critical efficiency level which will make gasoline obsolete.
@@jimbobarooney2861 we will see if you right ;) many ppl need it something like bitcoin but you don't get it or do not see what is happening, Africa, Venezula, Argentina.. after covid whole world currency printing etc.
@@jimbobarooney2861 bitcoin is superior to gold in literally every aspect. 1) there is infinite gold in our universe, but only 21 million bitcoin, space mining will soon be a reality 2) gold is not easily portable, bitcoin is 3) gold is expensive to store & guard, bitcoin is free 4) gold is not easily divisible, bitcoin is infinitely divisible 5) physical gold cannot be exchanged digitally, bitcoin can 6) gold mining is damaging to the environment, bitcoin mining is potentially carbon neutral & doesn't damage natural ecosystems
The mumbling manner he speaks! Some people like this guy regardless of what position they hold in the world of trading, simply don't have at minimum any ability to speak fluently! Even with their mother tongue!
LOL, looking at all the comments makes me laugh...when the whole world is bearish about oil, you might want to take another look. Crypto currency is digital fiat, nothing to see there. Sovereigns are not going to give up the control of their fiat and hand it over to what is essentially a toy.
@Din Joekhannaz Governments can cut it off anytime they want...just outlaw it's use. Doesn't matter how wide the adoption rate is. Most government's have laws against "fake" currencies, they just haven't been enforcing them. Besides, why trade one fiat currency for another fiat when you can actually buy the real thing in Silver/Gold/Platinum.
As a beginner passionate about making profit I invest with Mr. William Anthony a professional who is my broker and investment adviser and i will never take any investment decision without his consent and approval.
@@donaldmoore4512 I’m so sorry about that and which it will be the best to recommend Mr. Jack to take hold of your trading activity and give you a reason to smiled can make huger profits for you weekly , regardless of the markets ever changing trends
whats the point of posting this video? ...its pre-covid ....shale has been wiped out ....oil has tanked ....economies are in recession ....not much of value left in this interview
@@billpetersen298 Bitcoin rewards the most efficient energy producers the most. And it also consumes mountains of otherwise wasted enegy. And that inturn has the effect of driving normal energy miners out of business. It's perfectly green. Even if those observations turn out to be somehow wrong? I'm perfectly contend to pay that price. Why? Because it has the chance of driving the most destructive energy wasters out of business and out of money. All the militaries, USA especially. Like a 100 billion dollars of tank, humvee and jet fuel per year? Goes unburned, by them. Just like that. Most all the unsustainable waste of money government programs and policies, the absolute black holes of gasoline and resource? Shut down.
Tenebrousable Anything that uses electricity, has an environmental cost. There isn’t free unused electricity lying around. Most of our use, is for our short term comfort, and long term detriment. So why do something, of questionable value, that uses a lot more energy. We need to learn, how to do less harm, not more.
@@billpetersen298 There in fact is wasted energy. Only part of it is flaring, when oil drilling pushes up gas that there is no buyer for. Then there is the demand fluctuations. When the grid demand drops faster than producer can slow down the electricity production. Untill now, they have had to drive the excess into megawat scale resistor banks. So yeah. That takes care of that. Questionable value? Hah. The functioning money system is perhaps the the most important system we have. Destruction of the money system destroys societies for tens of millions of peoples at a time. And it's always due to mismanagement, waste fraud and abuse by the government. That power has to be taken away from them. No question about it. Yes, it'll likely destroy most of the military war empire and the entitlement state at the same time. Maybe they'll get to keep the roads and cops. We'll see about that. We will learn to do less harm, for sure. Bitcoin will teach us. Like it or not.
this guy spouts we did the research, etc etc. i suggest he research australian renewables. we have negative prices and parts of the grid at 110% renewables weekly now. im long oil, but he needs to do more research. also the most unreliable parts of our grid are old coal fire plants this is statistically verifiable via our market operator AEMO. finally wholesale prices in australia continue to fall entirely as a result of solar and wind. yo uhave some homework to do leigh and where can i short your fund please?
