Kontrarian Korner #54 - Finding Value Finance

Yesterday I had Andy from Finding Value Finance back on the podcast. We talked about commodities, different ratios like gold to oil, and his long term thoughts on where markets are headed. If you happen to be listening on Apple Podcasts or Spotify, you might want to switch over to Substack or YouTube so you can see the charts on the video. It was a great conversation and will definitely be food for thought on long term market cycles, and some of the most attractive places to look in the market right now. You can find him at Finding Value Finance, on YouTube, and on Twitter.

Podcast Summary

* How the devaluation of the dollar impacts how commodities move long term.

* The importance of zooming out and looking at long term charts.

* What he sees with oil inventories and from conference calls from several subsectors in energy.

* The bearish narrative around tariff uncertainty, recession and oil demand, and OPEC spare capacity.

* What he sees for natural gas and oil services moving forward.

* The gold to oil ratio (more than 55 barrels for one ounce of gold), and why he doesn’t see the ratio blowing out even more from here.

* Why he’s still bullish on gold, but finds other precious metals like platinum and silver more attractive at today’s prices.

* What he likes outside of energy and precious metals, from lithium to agricultural commodities, coal, and steel.

* His thoughts on residential real estate and some of the crosswinds that will have an impact over the next 3-5 years.

* Book Recommendation: The Psychology of Money by Morgan Housel.

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