Keep pulling the thread on Leigh Goehring.
Goehring & Rozencwajg believes the market has entered a massive bull market in gold, driven by significant money printing since the global financial crisis.
Using Goehring & Rozencwajg's valuation methodology, Leigh Goehring projects a potential gold price of between $15,000 and $25,000 per ounce.
Kazatomprom has lowered its 2025 uranium production forecast by approximately 11 million pounds.
Microsoft has agreed to purchase all the electricity generated by the revived Three Mile Island nuclear power plant.
Leigh Goehring expects a significant uranium supply response by the early 2030s from projects including NexGen's Arrow, Denison's Wheeler River, and mines operated by Bannerman, Deep Yellow, and Paladin.
A June 2022 report by S&P Global forecasts that annual copper demand will double from 25 million tons in 2023 to 50 million tons by 2035.
The number of shares outstanding in the VanEck Gold Miners ETF (GDX) has been contracting, indicating investor outflows.
Since the end of March, the open interest in the VanEck Gold Miners ETF (GDX) has fallen by approximately 10%.
Over the last 20 years, gold mining stocks such as Newmont Mining and Barrick Gold have been poor performers compared to diversified miners like BHP.
Major assets for diversified miners, such as BHP's iron ore mines and the Escondida copper mine, have mine lives of approximately 100 years.
China and Brazil have agreed to settle trades for commodities like iron ore and soybeans in Chinese renminbi instead of U.S. dollars.
TotalEnergies has agreed to settle some of its liquefied natural gas (LNG) sales to China in Chinese renminbi.