What Adam Rozencwajg is saying
Managing Partner, Goehring & Rozencwajg
5 dated public stances tracked since 2026-04-09, most recently 2026-04-09. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Adam Rozencwajg's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Adam Rozencwajg is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
2026-04-09
URANIUM
bullish
Macro Voices · video
Current mine supply is structurally insufficient to meet existing reactor demand, Japanese post-Fukushima stockpiles are exhausted, and no significant new mines are coming online before 2030, creating a simple supply-demand deficit that will persist
“we're not producing enough from today's mine supply to meet today's reactor demand”
90d -18.2%
MacroVoices #527 Adam Rozencwajg & Jim Bianco: What Comes Next After The Iran Crisis
2026-04-09
GOLD
bullish
Macro Voices · video
Gold's next major leg higher will be driven by a sovereign insolvency trade as heavily indebted governments face fiscal stress, though near-term it may underperform other commodities as speculative GLD holders are vulnerable to profit-taking and an unexpected…
“gold could probably double from here... it's not done just yet”
90d -14.5%
MacroVoices #527 Adam Rozencwajg & Jim Bianco: What Comes Next After The Iran Crisis
2026-04-09
OIL EQUITIES / UPSTREAM OIL STOCKS
bullish
Macro Voices · video
Oil stocks have only risen 30-50% while spot prices doubled, because the forward curve hasn't repriced; once the market realizes inventories won't rebuild as expected (market was never in the surplus the IEA claimed), the forward curve will rise and equities…
“the best investments right now remain in the oil equities, believe it or not”
MacroVoices #527 Adam Rozencwajg & Jim Bianco: What Comes Next After The Iran Crisis
2026-04-09
ENERGY
bullish
Macro Voices · video
Trump administration regulatory reforms at the NRC and Army Corps of Engineers have materially reduced the permitting barrier for SMRs, accelerating the timeline for deployment in the early 2030s and supporting long-term uranium demand
“I think we're going to see a big improvement in nuclear reactor design in the next five or six years”
90d -2.3%
MacroVoices #527 Adam Rozencwajg & Jim Bianco: What Comes Next After The Iran Crisis
2026-04-09
OIL EQUITIES / OFFSHORE DRILLING STOCKS
bullish
Macro Voices · video
Oil stocks have only risen 30-50% while spot oil doubled-plus because the forward curve still prices Dec-26 at ~$70, but the market's assumed surplus never materialized in inventory data—once the physical crisis forces a reassessment of true tightness, the…
“I think the best investments right now remain in the oil equities”
MacroVoices #527 Adam Rozencwajg & Jim Bianco: What Comes Next After The Iran Crisis
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