Investing News Network interviewed Adam Rozencwajg. Watch this interview to get his thoughts on where gold is at in the current cycle.
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Is Gold in a New Bull Market Phase?

"We think that gold has entered into a new phase of this bull market," said Adam Rozencwajg of Goehring & Rozencwajg (G&R).

G&R has been bullish on gold for quite some time, but we have been mostly out of the market for the last couple of years. Now we see signs that it's time to get back in.

Speaking to the Investing News Network, Adam Rozencwajg, Managing Partner at G&R, mentioned that in 2020 two factors prompted G&R to take a step back from gold. The first was that the gold-oil ratio was favoring energy, and the second was that silver had caught up to gold.

"We got those two signals at the same time," Adam noted. "We had this idea that silver staged this catch-up rally, which in the past has been a sign that you're going to take a bit of a breather, and you had the fact that on a relative valuation basis, the gold-oil ratio was so favorably skewed towards energy — we've never had a reading like that in which oil did not massively outperform gold."

Now, however, it looks like it's time to jump back in.

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Goehring and Rozencwajg | Natural Resource Investors, 115 Broadway, 5th floor, Suite 05-141, NYC, NY 10006, United States, 1.646.216.8025

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