Market Insights

  URANIUM: NO LONGER THE KODAK OF ENERGY When we first started pounding the table on uranium years ago, the yellowcake was the Kodak of energy. Dead. Here’s how Chris captured the sentiment around uranium at the time: Right now the uranium price is so depressed that it will require a near tripling of price to entice the required capital back into this sector — capital that will be required in order to develop production to fill the supply-demand gap which will

Last week we highlighted a SPAC merger deal involving an electric vehicle startup and a lingerie maker as a sign of how out of whack the market is right now. Well, this week we bring you another head scratcher: Rivian, a high-flying EV company pimped as the next Tesla. After the IPO earlier this week, Rivian sports a market cap of $146 billion, which makes it bigger than Starbucks and American Express. At the same time, The Houston Chronicle reports

Few things describe today’s market better than this proposed “marriage” of a lingerie company with an electric vehicle startup: Would this kind of stuff be happening if interest rates weren’t forced to historical lows? We think you know the answer…   REMEMBER THE SPAC BOOM? The above merger is just the tip of the giant SPAC iceberg. You probably remember SPACs (or blank check companies) were all the rage earlier this year, attracting big-name underwriters and investors and raising record amounts

A few weeks ago we highlighted the ironically prescient “Making Coal History” cover of The Economist. As a refresher, it literally bottom ticked the coal market. Now, they’re back with another doozy of a cover. The reason we find it so mind-blowing is because in the midst of a global energy crisis (the one we have been warning about for the last 3 years), these dolts come to the following conclusion: Spending on renewables needs to rise. And the supply

  FOOD PRICES: WHAT HAPPENS WITH OIL AT $100? Did you notice how your grocery bills have risen “a little” over the past year? Considering that what you pay in the supermarket is the end of the value chain — which is 6-12 months in the making — the prices are going to be a hell of a lot higher 6-12 months from now. Our friend Tracy (aka @chigirl) pointed out something that seems to be lost on our political leaders… Given

  MAKING HISTORY We highlighted the predictive power of magazine covers in these missives before. More often than not, they tend to time market tops (and bottoms) with stunning accuracy. The following gem adorned the cover of The Economist in early December 2020. The political class in power has been hellbent on making coal history. Instead, coal is making history. And not in the way the pointy-shoes had intended. And not just that. The above cover nailed the beginning of a