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Insufficient evidence in the supplied material to characterize Charlotte Mloud’s own economic worldview. The transcript reflects the guest’s recurring macro thesis rather than Charlotte’s views.
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Preview:Charlotte Mloud interviews Steve Anders, executive chairman at Brooks and Nelson and professor emeritus at the Colorado School of Mines, about commodity cycles, exploration, copper, gold, silver, and uranium. Anders is broadly constructive on metals long term, especially copper and uranium, but stresses that project quality, jurisdiction, and above all people determine outcomes in mining.
Preview:Joe Mazumdar, editor of Exploration Insights, explains he's been deploying cash into critical minerals — primarily copper and nickel — rather than precious metals, which he finds volatile and hostage to ceasefire headlines. He sees Peru as a jurisdiction where geological endowment now outweighs permitting risk, especially after a right-of-center election win. For copper, he targets smaller-footprint development projects that intermediates can actually build, avoiding multi-decade mega-deposits. He is also selectively watching nickel, favoring magmatic deposits in the US and Brazil, and notes improving US permitting. On gold, he focuses on projects that work at current prices rather than betting on further price rises. His overarching theme: domestic US critical-mineral supply and projects with manageable capital intensity.
Preview:Chris King of OTC Markets Group reports record trading volumes in Q2 2026 (up 37% YoY), 65+ new companies joining, and strong US investor demand for foreign-listed mining stocks — particularly from Canada. He outlines the OTC market structure (QX, QB, ID tiers), explains why companies choose OTC over a full NYSE/Nasdaq listing, and flags a proposed SEC rule change that could allow small-cap ATM offerings on OTC markets. The tone is cautiously bullish on mining and broadly positive on OTC's growth trajectory.
Preview:Brent Cook, economic geologist and founder of Exploration Insights, gives an on-the-floor interview at the Rule Symposium. He sees gold and copper as the right space to be in despite summer doldrums, arguing central bank and Chinese buying, plus structural copper supply deficits, support the thesis. He notes quality juniors are well-funded but not in bubble territory, M&A has slowed as obvious targets get picked off, and he flags red flags for retail investors reading drill results — especially companies building mines on preliminary economic assessments. He is skeptical of overhyped AI for grassroots exploration, favors jurisdictions like Scandinavia, Brazil, and Argentina, and is watching Westhaven and Prospector among active drill programs.
Preview:Shawn Khunkhun argues silver’s long-term path is higher despite near-term volatility, driven by persistent industrial demand, supply constraints, and investor re-rating of miners. He is also constructive on Contango Silver and Gold, saying the company is now unhedged, cash-flowing, and set up for multiple catalysts in 2026 and beyond.
Preview:Gold dropped below $4,000 and silver slipped under $60/oz this week, pressured by renewed Middle East conflict stoking inflation fears and Fed chair Kevin Warsh's hawkish congressional testimony. Charlotte McLeod recaps key takeaways from the Rule Symposium: expert consensus is gold could fall to $3,400–$3,500 and silver to ~$50, but bottoms are a process — dollar-cost averaging beats trying to time the exact low. Longer term, all experts remain bullish, with resolution of the Middle East war seen as the key catalyst. Copper, oil, and uranium were also flagged as opportunity areas.
Preview:Scott Melbye argues uranium fundamentals are exceptionally strong: demand is rising from nuclear buildout, data centers, and geopolitics, while supply remains constrained. He says spot prices have held around $85/lb, long-term prices are already near $95-$100/lb, and he expects spot to break above $100 by year-end, with uranium equities eventually following.
Preview:Rick Rule argues the recent weakness in resource markets is constructive because it has reopened bargains in oil, gold, silver, and mining equities. He remains bullish on the sector over several years, but expects near-term softness in oil and many resource stocks before the larger supply and policy issues turn into a stronger move.
Preview:Lynette Zang argues that gold and silver are still far below their “true” value because the fiat currency system is in its late stage and spot prices are distorted by paper markets. She frames the current environment as a transition toward more digital, controlled money and says the practical response is to move into physical sound money and local self-sufficiency.
Preview:Matthew Piepenburg (Von Greyerz) argues that gold's recent price decline is a distraction driven by forced selling, leveraged ETF unwinds, and deliberate COMEX manipulation to let insiders accumulate cheaply. His core thesis: sovereign bonds are losing trust globally, central banks are replacing US Treasuries with gold as collateral, and China's July 2026 clearing/settlement reforms will shift price discovery toward physical gold and away from paper-futures fraud. He sees the current pullback as a sale price in a secular bull market that is just beginning, with fiscal dominance making Fed hawkishness impossible and currency debasement inevitable.
Preview:Seabridge Gold CEO Rudi Fronk says the gold bull market is still early, driven by central-bank buying, reserve diversification away from Treasuries, and broader concern about U.S. debt. He expects gold to recover its highs by year-end and sees a path toward much higher prices over the next several years, while also arguing copper remains structurally constructive because demand is rising and new supply takes years to develop.
Preview:Andy Schectman argues that gold and silver prices are a "tool of misdirection" — what really matters is the unprecedented physical delivery on COMEX, which has been running for 18 straight months with monthly deliveries in the billions. He points to massive Chinese and central bank buying, the build-out of alternative settlement infrastructure in Dubai, Singapore, and Hong Kong, and the quiet but ongoing BRICS payment system development as signs that the global south is accumulating physical metal while the West suppresses paper prices. He remains bullish on gold and silver as wealth preservation, not for price speculation.
Preview:Dana Samuelson (American Gold Exchange) sees gold and silver in a consolidation/correction phase within a larger secular bull market. He compares the current moment to 1975-76 — after a big run and a meaningful pullback, setting up a base for the next leg higher. Near-term he's cautious: the trend still points lower, and gold could backfill the 3,400-3,950 range if support at 3,950 breaks. Silver looks fundamentally healthier to him. Longer-term, he sees gold potentially doubling to ~8,000, driven by debt, deficits, de-dollarization, and ongoing central bank buying. He also warns about counterfeit gold bars and recommends sovereign-minted coins for safety.
Preview:Tavi Costa argues gold’s pullback is mainly a positioning/sentiment reset, not a broken thesis, and says the market may be near a bottom after the sharpest oversold move since 2008. He is also bullish on gold miners, silver, and copper over time, while expecting dollar strength to reverse and inflation to remain structurally sticky.
Preview:Brian London argues gold’s recent pullback is a normal correction inside a still-intact secular bull market, not the start of a major top. He thinks the Fed will likely end up easier rather than tighter, debt/deficits will keep pressuring currencies and yields, and Asia—especially China—will keep absorbing metal when Western traders push prices down. He also sees majors, juniors, silver, and copper as broadly favorable, with this summer offering a buying window if seasonality and the current bottom hold.
Preview:Rich Checkan (Asset Strategies International) argues gold and silver are deeply on sale after gold dropped ~$1,500 from $5,600 highs and silver retraced 50% from ~$115 to ~$58–60. He sees this as a buying opportunity because nothing fundamentally changed — central banks continue accumulating, real rates remain negative, supply deficits persist for silver, and Chinese export restrictions constrain refined silver supply. Gold buyers are paradoxically sitting out the dip waiting for higher prices to confirm the trend. He expects gold to potentially reclaim $5,500–5,600 by year-end and silver could reach $180–$200 longer-term unless China lifts export curbs.
Preview:Adrian Day argues gold’s pullback is a normal bull-market correction, but near-term pressure remains from war-driven dollar strength, higher yields, and CPI/Fed concerns. He thinks the setup is still attractive for long-term buyers because gold stocks have sold off hard, valuations are in the lowest quartile of decades-long history, and sentiment is extremely weak.
Preview:Nick Hodge argues the recent pullback in gold, silver, and other commodities is a correction inside an ongoing commodity super cycle, not the end of the trend. He thinks easing inflation, softer bond yields, and a more dovish Fed would likely restart the next leg higher in precious metals, while copper and uranium remain his favored longer-run themes despite near-term volatility and weak equities.
Preview:Steve Barton is broadly bullish on precious metals and several industrial commodities, but he frames the current setup as tactical and selective rather than euphoric. He thinks gold and silver have likely already put in or are close to putting in floors, copper still has a favorable supply-demand backdrop, uranium is in a seasonal buying window after a recent spike, and oil may be the best remaining 2026 upside candidate among the assets he discussed.
Preview:Lobo Tiggre discusses his recent single oil-stock purchase — a "buy low" entry after oil prices round-tripped to pre-war levels — while remaining patient on deploying more cash. He sees near-term downside risk for oil (glut from Strait of Hormuz reopening), but is structurally bullish on SPR refilling and supply damage. On gold/silver, he's sitting in cash after selling near the January 2026 top, awaiting either a deeper correction (possibly ~$3,000 gold in a worst-case 50% drawdown) or a consolidation that breaks the 1980/2011 comparison pattern. He also flags copper and uranium as future buy-the-dip candidates, with uranium having near-term upside potential due to spot price lagging long-term contract prices.
Preview:Yvonne Blaszczyk, CEO of BMG Group, presents a strongly bullish gold thesis targeting $6,000/oz by year-end 2026 with silver reaching $100, framed within a sweeping geopolitical narrative of global division, BRICS realignment, and systemic fragility. She views the current sub-$4,000 gold price as a temporary discount driven by low oil prices and political distraction, with central bank buying providing a structural floor. Key catalysts center on September events: BRICS summit, Russian elections, and Iran peace talks. She also highlights platinum as a strategic metal tied to military supply chains. The argument is heavy on macro storytelling and light on quantifiable evidence.
Preview:Jordan from Mining Stock Monkey says the recent pullback in gold is a buy-the-dip opportunity, not a thesis break, and he is adding to gold royalty names rather than chasing the highs. He extends that same framework to silver and select copper exposures, but emphasizes quality, margins, and valuation discipline over speculative juniors unless the risk/reward is compelling.
Preview:Will Rhind (GraniteShares) argues gold’s drop below $4,000 was driven mainly by a cooling geopolitical premium after the Iran conflict eased, a sharp fall in oil prices, and shifting expectations for Fed policy and rates. He sees the pullback as more tactical than structural: the long-run gold bull case still rests on debt, deficits, and government spending, but near-term direction depends heavily on the dollar, inflation, and whether energy-driven inflation proves temporary.
Preview:Gold dropped below $4,000/oz for the first time since November 2025, pressured by hawkish Fed signals, hotter-than-expected PCE inflation data (4.1% YoY), and a strengthening US dollar. Silver also fell below $60. Markets now price a 31% chance of a July rate hike. Expert opinions on the near-term bottom range from current levels down to $3,500, but the long-term consensus remains bullish, with many viewing the pullback as a buying opportunity. China's May gold imports surged to 163 metric tons, the highest in over two years, suggesting dip-buying. Peter Grandich sees the $3,900–$4,000 zone as the absolute bottom.
Preview:Rhona O'Connell argues gold’s drop below $4,000 was mostly a correction from an overextended, crowded run-up, amplified by equity-market stress and later by higher-rate expectations. She says gold is still primarily a portfolio-risk hedge rather than a simple inflation hedge, and she sees silver as structurally supported over time, though it behaves more like copper in recessions.
Preview:Jim Wiederhold argues that commodities have reemerged as a strategic asset class, with institutional money returning for diversification, inflation hedging, and especially supply/resource security. Near term, he sees energy still elevated after Middle East disruption, while copper and industrial metals remain supported by positioning, underinvestment, and the energy-transition story. He thinks gold and silver may be consolidating after a strong multi-year run, with the stronger U.S. dollar acting as a headwind for precious metals.
Preview:The video argues that gold may still have three plausible paths this summer: a further decline, a sideways base, or an immediate breakout higher. The speaker frames the near-term setup as uncertain but leans on expert interviews to show why each scenario has support.
Preview:John Feneck argues that gold and silver remain structurally supported, but the near-term path depends mainly on two catalysts: the Fed’s new less-transparent, inflation-first posture and easing geopolitical stress from the Middle East conflict. He sees the recent selloff in mining stocks as largely war-driven, views the pullback as a buying opportunity in select juniors and producers, and remains bullish on gold toward $5,500 next year with silver needing to reclaim its prior 70–90 range first.
Preview:David Nicholas argues that gold’s recent pullback was driven less by the war itself and more by the market’s reaction to higher oil prices, stronger inflation expectations, and the resulting pushout in Fed cuts and a stronger dollar. He thinks the setup is now constructive for gold and silver, with technicals suggesting a potential 8–15% move higher if gold reclaims key moving averages and the war/energy backdrop eases.
Preview:Jeffrey Christian argues gold and silver are in a volatile summer consolidation, not a confirmed top or bottom. He says recent gold weakness was mainly driven by ETF liquidation, while the current rebound is being distorted by geopolitics and Trump-related peace-talk claims that he считает unreliable. He expects gold to trade roughly in a 4,800-5,000 range for the next couple of months, with upside later in the year if political, economic, and war-related uncertainties worsen.
Preview:Peter Grandich argues gold’s sharp pullback is a classic washout inside a still-intact mega bull market, and he is beginning to re-enter via mining shares rather than bullion. He is also bearish on US stocks, bonds, crypto, and the broader US fiscal outlook, while remaining constructive on copper and, longer term, uranium.
Preview:Steve Barton says the recent drop in gold, silver, and related miners is a buying opportunity rather than a thesis break. He remains constructive on precious metals, uranium, coal, and parts of energy, but near term he expects more weakness or chop before a cleaner trend reasserts itself.
Preview:Don Hansen argues the gold bull market is still early because the world is trapped in a long-running debt-and-money-printing regime that began when sound money was abandoned. He says central banks are still buyers, gold is still under-owned, and the real trade is not bullion alone but selective gold miners with strong balance sheets and internal growth.
Preview:Chris Blasi of Neptune Global argues gold is still in the middle of a secular bull market, not near its final top, and that the recent pullback is a healthy consolidation. His core thesis is that persistent debt expansion, geopolitical stress, and likely future policy responses will keep debasing the dollar over time and support higher gold prices. He is similarly constructive on silver but thinks it will remain more volatile and more industrially sensitive than gold, while platinum and palladium remain thinner, less-followed markets with slower potential upside.
Preview:Charlotte Mloud runs through a weekly mining-market update: gold and silver sold off after a stronger-than-expected U.S. jobs report reduced near-term rate-cut expectations, while Middle East conflict continued to add support and volatility. The video also covers central-bank gold buying, the ECB’s claim that gold has become the world’s top reserve asset, and a skeptical look at Russia’s newly stated 2026 gold production estimate.
Preview:Christopher Muan is broadly bullish on precious metals over the long run, but he thinks gold, silver, and miners are in a tactical correction phase with more downside possible before the next major leg higher. He is also bullish on equities for now, despite warning that a correction in tech, a firmer dollar, and higher rates could eventually trigger broader risk-off pressure.
Preview:Ronald-Peter Stoeferle argues that gold’s recent pullback is a consolidation inside a much larger secular bull market, not a top. He says the next leg higher should be driven by central bank behavior, persistent inflation/stagflation risks, institutional adoption, and broader remonetization of gold, with a long-run target of US$8,900 by decade-end if inflation stays sticky.
Preview:This weekly Investing News recap says gold and silver had a volatile week but the pullback looks more like a seasonal pause than a thesis break. The video ties the move to Iran-related risk, a stronger dollar, higher oil, and sticky U.S. inflation data, while also flagging that precious-metals sentiment among miners is already weak.
Preview:Edward Sterck of the World Platinum Investment Council says platinum remains fundamentally tight despite a Q1 surplus. He argues the surplus was driven mainly by temporary ETF and exchange-stock outflows, while the underlying 2026 balance still points to a deficit, low above-ground inventories, and supportive tailwinds from investment demand, tighter liquidity, and possible renewed safe-haven flows later in the year.
Preview:Stephen Leeb argues gold is still early in a much larger move and may eventually sit at the center of a new monetary system. He frames the present as unusually similar to 1974—stagflation, weakening growth, commodity shortages, and a fading dollar-centered order—while saying the biggest strategic hedge is physical gold, with silver and select commodity exposures as secondary beneficiaries.
Preview:Justin Huhn argues the uranium market remains structurally bullish even though prices are pulling back in the near term. He says long-term contracting is active, inventories and secondary supply are thin, new supply is hard to bring online, and hyperscaler/data-center demand may become a major new buyer over time, making current weakness a buying opportunity.
Preview:Rick Rule says the immediate setup for resource investors is dominated by the Iran/Strait of Hormuz conflict, which he thinks could trigger a renewed oil shock, higher food/input prices, and a wider liquidity squeeze. He remains constructive on oil, uranium, gold, silver equities, and select royalty/resource names, while stressing that the best opportunities now are increasingly in smaller, hated, or politically difficult jurisdictions.
Preview:Jordan of Mining Stock Monkey argues the gold bull market may be mature but still supported by central-bank buying and heavy government debt, so he prefers higher-margin, lower-risk precious-metals exposure over speculative producers. He is rotating toward unloved commodities like nickel and potash, while staying constructive on copper but waiting for a better entry.
Preview:Weekly mining-sector wrap covering a pullback in gold and silver, geopolitics and inflation as macro drivers, and a burst of M&A led by Equinox Gold/Orla Mining and Elemental Altus/Visla royalties.
Preview:Clem Chambers argues that gold and oil are being driven less by the immediate Middle East war than by the bigger U.S.-China strategic conflict, while the current conflict is creating a prolonged “siege” rather than a quick shock. He is cautious on gold and silver after their vertical move, risk-off on exposed oil, and looking for cheaper parts of the AI and industrial supply chain, plus selective non-Middle-East energy and processing bottlenecks.
Preview:Weekly Investing News roundup on gold, silver, oil, and mining costs. The host frames a sharp precious-metals move after easing US-Iran tensions, then contrasts a near-term bearish gold view from Chris Temple with a very aggressive melt-up/bust cycle forecast from David Hunter, while also noting oil volatility and cost inflation pressures on miners.
Preview:David Hunter argues the market is in the early phase of a final parabolic melt-up, with major U.S. equity indexes, gold, silver, and risk assets set to run much higher over the next few months, helped by improving sentiment, lower oil, lower rates, and eventual resolution around Iran.
Preview:Chris Temple argues gold may not have bottomed yet, with the next leg up requiring a Fed pivot and broader macro stress rather than just geopolitical fear. He sees stagflation already present, higher rates and energy shocks as headwinds, and recommends cash, selective nibbling in quality resource names, and hedges against a broader market washout.
Preview:Steve Barton argues that oil, coal, uranium, gold, silver, and nickel all have attractive setups, while the broader S&P 500 looks overextended and risky. His core message is tactical: use pullbacks and support levels to buy select commodity exposures, but avoid chasing the index or assuming recent strength in equities is healthy.
Preview:Joe Cavatoni of the World Gold Council says gold is holding up well despite a high-volatility, geopolitics-driven backdrop. He argues that inflationary pressure, delayed Fed easing, and ongoing central-bank buying support the longer-term gold case even if near-term rate policy and oil remain headwinds.
Preview:Weekly market wrap on gold, silver, Fed leadership, and OPEC/UAE oil supply. The speaker says gold and silver are reacting to the Fed and geopolitical noise, while guests remain bullish longer term on gold but expect a deeper pullback first; the video also highlights UAE leaving OPEC/OPEC+ as a bullish catalyst for oil volatility.
Preview:Lynette Zang argues that recent gold, silver, and oil price behavior reflects a broader breakdown in the paper/contract-based financial system, rising geopolitical stress, and the transition toward a true supply-and-demand regime. She says silver is the “fuse,” gold is the “anchor,” and both are signaling the end of the current currency cycle rather than just a normal market pullback.
Preview:Gareth Soloway argues gold and silver are in a near-term technical correction after a momentum-driven blowoff, but he remains bullish longer term and wants to buy materially lower. He also sees oil easing after its war-driven spike, expects inflation to filter through with a lag, and thinks stretched U.S. equities plus a possible Bitcoin rollover could foreshadow a broader market turn.
Preview:Andy Hoese says energy—especially oil—is the best current opportunity, with coal and uranium also attractive, while gold/silver are bullish long term but likely consolidating near term. He expects a broader commodity super cycle to extend into the early 2030s, with higher rates, a weaker dollar, and eventual pressure on the S&P 500 and miners relative to energy.
Preview:John Feneck argues that the recent selloff in gold and related miners is largely a war-driven unwind, not a broken thesis, and he remains constructive on gold, silver, energy, helium, and tungsten-linked names despite near-term volatility.
Preview:Weekly market wrap focused on a pullback in gold and silver, a gold/oil macro warning signal, Fed policy uncertainty, and Agnico Eagle’s consolidation moves in Finland.
Preview:Jeff Baird argues the Iran-linked oil shock has created a large global supply gap, severe physical shortages in Asia that are moving to Europe and later the Americas, and a near-term market still too complacent about further upside risk. He also frames the event as supportive for higher-for-longer oil, tighter shipping, more inflation pressure, and structurally stronger demand for gold and other reserve assets in a more multipolar currency system.
Preview:Tom Bradshaw argues that a rare gold/oil indicator has just triggered, which he reads as a warning of severe macro stress ahead. He expects a stagflationary phase to give way to a recession and possible liquidation-driven pullback in gold, silver, and oil before a much larger commodity advance later in the decade.
Preview:Weekly mining-market wrap focused on gold, silver, macro risk from the Iran conflict, and what that means for resource stocks. The speaker highlights record-ish precious metal prices, a constructive but still fragile silver outlook, and the idea that inflation and geopolitical disruption could keep lifting bullion and miners.
Preview:Don Durrett argues that rising geopolitical friction, U.S. fiscal fragility, and a weakening bond market make gold and silver the key defensive assets, with mining stocks offering major upside if his bullish price targets play out.
Preview:Bob Moriarty argues gold and silver are still in the very early stages of a major cycle, but he treats physical metals mainly as insurance against financial chaos rather than a pure return trade. He is far more bullish on resource stocks and liquid energy/precious-metals proxies, and he frames war, energy shortages, inflation, and U.S. fiscal deterioration as the core catalysts.
Preview:John Ciampaglia argues uranium remains structurally bullish despite near-term war-driven volatility. He says spot has rebounded from about $63 to $85, term pricing has risen to $90, utilities are coming back to contract, and the supply deficit is widening ahead of a likely 2030-2031 crunch.
Preview:Weekly market wrap on gold, silver, oil, and mining M&A: precious metals rallied on ceasefire headlines, oil stayed volatile amid Middle East risk, and a $2.13B all-stock deal in Guyana highlighted continued consolidation in miners.
Preview:Marc Faber argues that war, debt, and asset-price declines are tightening global liquidity, which he thinks will pressure stocks, households, and Western economies while keeping gold and some bonds as relative shelters.
Preview:An interview with Austrian economist Jonathan Newman on Austrian economics, the Fed, gold, and dollar hegemony. Newman argues the Fed is economically harmful, not truly independent, and could be ended through political education and congressional action.
Preview:Carley Garner argues that gold and silver have become crowded, momentum-driven trades that are likely past their highs, with volatility likely to remain elevated and a multi-month-to-years fade possible. She is more constructive on oil as a volatile but tradable shock market, and sees the current oil spike as more likely deflationary than inflationary because it may slow the economy and eventually encourage more supply.
Preview:Charlotte Mloud interviews Dr. Mark Thornton about gold, silver, the dollar, inflation, and the Fed. Thornton argues the recent gold pullback is mainly a liquidity-driven correction, amplified by war-related selling in the Middle East and by risk-off flows into the dollar, and he expects those forces to fade.
Preview:Steve Barton argues the recent oil spike from the Iran conflict has likely gone too far tactically, while gold, silver, and uranium are back to looking attractive on pullbacks. He frames the move as a rotation: trim or sell covered calls on stretched oil names, and start reallocating into bullion, miners, and uranium exposure.
Preview:Josh Lynville argues the fertilizer market is in an unusually severe global squeeze, driven by disruptions around Iran and the Strait of Hormuz, with nitrogen and phosphate most affected. He says North American supply looks adequate but affordability is the issue, and he expects high prices, farmer stress, and possible policy support to persist for months even if shipping normalizes.
Preview:Seven resource-sector experts answer how a new investor should deploy $10,000, and the consensus is to prioritize learning, start higher up the mining value chain, and avoid rushing into the most speculative juniors.
Preview:David Nicholas argues gold and silver remain attractive despite a pullback, but near-term pricing is being driven less by classic safe-haven demand and more by the dollar, oil, rate-cut expectations, and central-bank buying. He sees continued upside in miners, expects the Fed to stay cautious, and recommends diversification into defense, nuclear, Treasuries, and critical-mineral themes.
Preview:Craig Tindale argues that the world is entering a supply-side reckoning in metals, chemicals, and industrial inputs, with the Strait of Hormuz, China’s processing dominance, and the physical requirements of AI/electrification creating near-term disruption and longer-term resource constraints. He thinks silver, copper, sulfuric acid, gallium, tantalum, helium, and fertilizer inputs are all tied into the same bottleneck, and that the resulting shortages will feed inflation, force supply-chain regionalization, and make short-term market action noisy even if the structural thesis remains intact.
Preview:Charlotte Mloud interviews Arlen Hansen about the resource sector, with the discussion centered on gold, silver, and the broader mining/energy cycle. Hansen argues the sector is in an early-stage supercycle driven by years of underinvestment, tight supply, renewed capital inflows, and a likely multi-year rotation back into resource equities, though he says the recent Middle East conflict has caused a tactical pause.
Preview:Alex Ebkarian of Allegiance Gold argues that gold and silver are still in the middle of a longer bull cycle that began around 2020, driven by deficits, central-bank buying, geopolitical fragmentation, and the risk that higher oil prices keep inflation sticky and delay Fed easing. He thinks gold is consolidating rather than topping, sees a medium-term path to materially higher prices, and is similarly constructive on silver, but warns that physical metals should be treated as mid- to long-term wealth protection rather than a quick trade.
Preview:Adam Rozencwajg argues the Middle East disruption has turned energy back into the most compelling near-term opportunity, even though the long-run commodity bull case still includes gold, silver, uranium, fertilizers, and coal. He says the market had been complacent on oil, the Strait of Hormuz shock is the biggest barrels-per-day disruption ever, and oil equities still do not fully price the risk.
Preview:Don Hansen presents a historical framework connecting trade deficits, tariffs, gold-backed currency systems, and the current gold bull market. He argues that persistent US goods trade deficits are destructive — eroding manufacturing, living standards, and geopolitical leverage — and that the post-1971 fiat-dollar system has enabled unsustainable twin deficits. His core investment thesis: gold benefits from structural tailwinds including 7% annual M2 growth vs. sub-1% gold supply growth, central bank buying since 2014, and a coming unwind in overvalued residential real estate that could drive capital into gold. He advocates studying the 1820-1930 gold-standard-plus-tariff era as a model for fair trade.
Preview:Charlotte Mloud reviews why gold and silver have fallen even as Middle East tensions and oil prices surged. Her main explanation is that safe-haven bids in precious metals tend to be short-lived, while a stronger U.S. dollar and rising oil-related inflation concerns are currently working against them.
Preview:Charlotte Mloud interviews Edward Sterck of the World Platinum Investment Council on why platinum’s 2025 deficit widened to over 1 million ounces, the biggest in the WPIC time series. Sterck says the gap was driven mainly by unexpectedly strong investment demand — especially bar and coin in China, persistent exchange stocks, and ETF inflows — and argues the market remains tight despite a 2026 deficit that should be smaller because ETF demand is no longer adding incrementally. He also says China’s growing role, U.S. trade investigations, lease-rate tightness, and macro uncertainty could keep the market supported.
Preview:Josef Schachter argues the oil market is being driven primarily by the Iran war, but the size and duration of the price spike depend on whether the conflict ends in weeks or drags into months. He thinks the market has already priced in some de-escalation, but if attacks continue and shipping or energy infrastructure are threatened, crude could move materially higher again. He is constructive on Canadian energy over the medium term, but says investors should not chase the recent rally and instead wait for a pullback to rebuild or add positions.
Preview:David Cates says Denison’s Phoenix ISR uranium mine is now moving into construction after years of technical de-risking, permitting, and engineering, with first production targeted for mid-2028. He frames uranium as being in a strong demand upswing while supply remains behind, and argues the market still needs higher prices to incent the next wave of projects.
Preview:Joe Mazumdar says junior miners are healthier than they were a year ago, but capital is still flowing mainly to the highest-quality names and jurisdictions. He remains bullish copper, constructive on US critical minerals, and thinks gold is in a structural hold/buy-the-rumble phase because geopolitics—not just real rates—are driving the metal right now.
Preview:Jeffrey Christian argues that gold and silver have moved higher because of a surge in investor demand, futures rolling dynamics, and a broad rise in political and economic risk. He expects prices to stay elevated and eventually move higher again, though he thinks some near-term softness is possible after the recent spike and correction.
Preview:Brian Lenny argues the mining sector is in a bull market and that his best risk/reward comes from rotating profits into advanced developers in precious metals and copper, while keeping plenty of cash and taking gains systematically. He favors companies with good management, defined catalysts, and de-risked projects near PFS, feasibility, or construction/FID milestones over early explorers or narrative-only trades.
Preview:Tavi Costa argues that commodities are at an inflection point, with gold already moving but miners, energy, copper, and agriculture still lagging and likely to catch up. He frames the setup as a long-cycle rotation driven by structural gold demand, underinvestment in exploration, a weakening dollar, and eventually lower rates.
Preview:Joe Cavatoni of the World Gold Council discusses gold's evolving market dynamics at PDAC 2026. He notes gold has moved rapidly from $3,000 to $5,000, with volatility now structurally higher (28-30% annualized vs. historical ~15%). Key drivers include geopolitical tensions, trade uncertainty, central bank buying, and more market participants. He highlights gold's safe-haven behavior during the recent Middle East conflict, supply dislocations affecting physical flows, China's push to make Hong Kong a gold hub, and Tether's multi-bucket gold strategy. Cavatoni sees higher volatility as the new normal but maintains that gold's portfolio role, diversification benefits, and upward price floors remain intact.
Preview:Ted Butler says silver remains in the middle stages of a multi-year bull market, not near a final blow-off top. He thinks the move is being supported by persistent supply deficits, resilient industrial demand, rising investment demand, and geopolitical spending, while volatility and short-term manipulation noise remain part of the trade.
Preview:John Feneck argues gold and silver remain in a strong uptrend despite recent month-end shakeouts, and he expects gold to retest and exceed prior highs while silver targets much higher levels over time. He links the bullish case to geopolitical stress, especially the Iran conflict, and says the more actionable opportunity is now moving beyond large producers into developers, explorers, and specialist themes like tungsten.
Preview:David Erfle says gold, silver, and miners remain in a powerful bull-market structure even after a sharp correction, with the current pullback likely a consolidation rather than a trend change. He thinks generalist money is finally entering the space, and he continues to favor quality majors/royalties plus selective lower-risk juniors, while warning that the broad funding wave is making some speculative names dangerous.
Preview:PDAC President Karen Reese discusses the record-breaking attendance at the 2026 PDAC convention, attributing it to strong commodity prices, industry talent demand, and growing government support. She highlights the capital-access gap for junior explorers, the need for a permanent mineral exploration tax credit, regulatory streamlining, and the industry's looming skills shortage — positioning mining as entering a decisive window of opportunity.
Preview:Adrian Day argues that gold’s pullbacks are being bought quickly and that the broader bull market is still intact. He sees the current cycle as different from prior gold booms because central banks and Tether are price-agnostic buyers, while geopolitical shocks may create only brief spikes rather than the main trend.
Preview:Byron King argues that the resource sector is in a strong, still-early cycle, with gold, silver, copper, oil/gas, and critical minerals all benefiting from higher prices, better company fundamentals, and rising M&A interest. He is especially bullish on physical metals and well-run producers/developers, while warning that in geopolitics and commodity markets, timing is hard and anything that is merely promotional or “checkered coat straw hat” should be treated skeptically.
Preview:Rick Rule argues that the precious-metals trade still has room to run, but the easy money in some crowded names has already been made. He is constructive on gold, selective on silver, cautious on Mexico-specific risk after the violent event at Vizsla Silver, and opportunistic in oil and certain royalty/streaming and offshore exploration names.
Preview:Brien Lundin argues the gold and silver bull market is still early, with equities only beginning to respond to higher metals prices. He says the backdrop is being driven by central-bank buying, institutional rotation into commodities, heavy debt loads, and a coming multi-year period of lower rates, while recommending active profit-taking and selective stock picking rather than a passive theme bet.
Preview:Charlotte Mloud interviews Jaime Carrasco of Harborfront Wealth at PDAC in Toronto about why he thinks the precious-metals bull market is just beginning. Carrasco argues gold is re-entering the monetary system, silver is behind it, and the real play is owning quality producers, royalties, and some physical metal rather than focusing on spot price headlines.
Preview:Peter Krauth argues silver is still in an early-to-middle bull phase even after a sharp correction from roughly $120 to the high-$60s, and he thinks the recent pullback was a healthy bear trap rather than a top. He remains constructive on silver itself, but sees the bigger opportunity now shifting to silver miners, especially undervalued juniors and midcaps, while warning that investors in the West may be losing pricing power as Asian physical markets and delivery-based exchanges gain influence.
Preview:Lobo Tiggre argues that gold’s recent action looks like consolidation, not a final blowoff top, and that geopolitical stress tends to create short-lived spikes that can still resolve higher if the underlying trend is up. He is more interested in selective buying opportunities than chasing any Monday morning panic, especially in oil, uranium, copper, and some platinum group metal names if broad selling creates better entry points.
Preview:Garrett Goggin argues gold and silver have entered a structurally stronger era driven by weak-dollar policy, geopolitical stress, central-bank behavior, and rising physical/ETF demand. He is bullish on gold, silver, and selected miners/royalties, but repeatedly emphasizes shareholder-friendly capital allocation and taking profits by rebalancing rather than trying to time tops.
Preview:Chen Lin argues 2026 is a year for critical minerals, with particular emphasis on silver, gold, and obscure industrial inputs like sulfuric acid and gallium. He thinks silver may consolidate near term as Chinese solar demand rolls off after April 1, but remains constructive longer term; gold looks steadier, while mining equities and certain juniors could benefit from tight supply, higher margins, and U.S. industrial-policy support.
Preview:Steve Barton argues precious metals remain constructive but with a near-term split: gold looks stronger than silver, silver may face rejection around $92, and miners could outperform the metals if the current breakout holds. He is also positive on nickel sulfide opportunities, cautious-to-bearish on oil stocks near term despite geopolitical risk, and still constructive on copper over the long run but expects a sideways-to-down pause first.
Preview:Kevin Wadsworth and Patrick Karim argue that a broad capital-rotation regime is already underway: U.S. equities are weakening relative to gold/silver, precious metals have entered a new bull era, and the next major payoff comes when stocks finally suffer a real drawdown. They are bullish on gold, silver, and select oil/energy exposures, but say the best entries were the earlier breakouts, not the current stretched levels.
Preview:Clem Chambers says he has aggressively sold gold and silver after capturing large gains, arguing that the easy part of the precious-metals move is over and the right move now is to rotate into the next scarcity trade: copper first, then oil. He also thinks AI and electrification will create a huge demand pull for energy, cables, data-center buildouts, nuclear, and related industrial names, while warning that these themes may still need time before the market fully reprices them.
Preview:This weekly Investing News roundup says gold and silver were volatile but ended the week near where they started, with a major focus on how the Lunar New Year closure may affect Asian demand when markets reopen. The episode contrasts two sharply different silver outlooks: Ola Hansen is constructive on gold and cautious on silver, while Christopher Aaron argues silver has entered a multi-decade breakout that could ultimately reach far higher levels. The video also notes strong junior-mining performance and a new BHP–Wheaton Precious Metals streaming deal tied to Antamina.
Preview:Charlotte Mloud interviews Stephan Gleason, CEO of Money Metals, about the post-rally shakeout in gold and especially silver. Gleason remains bullish, but emphasizes extreme volatility, major retail demand, refiner backlogs, cross-border price dislocations, and the possibility that higher prices resume later in 2026 after a repair phase.
Preview:Ole Hansen argues gold’s recent correction is a healthy consolidation after a huge rally, not the end of the trend. He keeps a $6,000/oz 12-month gold target, sees silver as more fragile and potentially less able to keep pace, thinks oil is starting to regain strategic relevance on geopolitics and underinvestment, and says copper is short-term overbought but structurally supported by electrification.
Preview:Christopher Aaron argues that silver’s recent pullback is a normal pause after a historic breakout from a 45-year base, and he expects the broader precious-metals cycle to continue higher into a future mania. He is bullish on gold, silver, and to a lesser degree platinum, with a more selective stance on palladium and mining equities.
Preview:The video is a weekly market wrap on gold and silver, focused on a sharp midweek pullback, the likely drivers behind it, and why the speaker still thinks the uptrend in precious metals remains intact. It also covers mining-sector M&A, with a survey naming IAMGOLD as a leading takeover candidate.
Preview:Keith Weiner of Monetary Metals outlines a bullish thesis for gold and silver, arguing that 2025's physical-metal buying — evidenced by rare silver backwardation — signals remonetization driven by dollar regime failure. For 2026, he expects continued uptrends with violent corrections, driven by Eastern demand (India switching to silver as gold becomes unaffordable), industrial thrifting at higher silver prices, and a structural shift toward monetary metals as an alternative to irredeemable currency.
Preview:Jaime Carrasco argues the recent pullback in gold and silver is a buying opportunity, not a top. His core thesis is that a broken fiat system, rising long-term rates, central-bank buying, and growing physical demand for silver will push gold much higher and keep silver and miners leveraged to the move.
Preview:Charlotte Mloud of Investing News says the recent gold and silver selloff looks like a correction within a still-intact bull market, not a cycle top. She frames the move as driven mainly by speculative froth unwinding, with silver also showing signs of a sharper squeeze and possible short-covering dynamics.
Preview:Gary Savage argues the recent gold/silver selloff is a normal correction inside a still-intact secular bull market, not a trend change. He thinks sentiment got too bullish, the bullion banks used the pullback to cover shorts, and the next leg higher in silver could be much larger than the first—potentially to $250 or even $500—while gold could eventually double from recent highs.
Preview:Charlotte Mloud interviews Dr. Adam Trexler, president and founder of Valorum, about gold, silver, and the physical precious-metals market. Trexler argues the real story is not just inflation or a strong/weak dollar, but a broader breakdown of the dollar’s role as the global denominator of value, which he says is driving long-term demand for physical gold while creating disorderly conditions in coins, bars, and silver.
Preview:An interview with Anna Serin (CSE) and Eduardo Carmona (NSX) discussing the Canadian Securities Exchange's acquisition of the National Stock Exchange of Australia. The deal, closed in October 2025, aims to create Australia's first venture exchange — modeled on the CSE's success — enabling dual listings, 24-hour trading across time zones, and access to Australia's superannuation (pension) system for Canadian resource issuers. Early interest is coming from TSX/TSXV/CSE companies, exchange transfers, and novel crypto-based IPOs. The NSX currently has ~50 listings and targets ~100 within 1-2 years.
Preview:Andy Schectman makes an impassioned case that gold and silver are being reintegrated into the global monetary system as trust in US fiscal responsibility and dollar hegemony erodes. He cites record central bank buying, unprecedented COMEX metal inflows, a persistent Shanghai arbitrage, and endorsements from major Wall Street strategists calling for 20-25% portfolio allocations to metals. His core thesis: there isn't nearly enough physical metal to satisfy even a modest reallocation from institutional investors, and when the broader public catches on, availability — not price — will be the defining constraint.
Preview:First Majestic Silver’s Manny Alkhafaji says the silver market has entered a true bull phase, with physical demand at the company’s booth and mint outpacing expectations and triple-digit silver changing the economics of the business. He argues supply cannot quickly respond because most silver is produced as concentrate, new production takes years, and many mines are already depleted, while demand is being supported by industrial use, investment buying, and persistent retail interest.
Preview:Charlotte Mloud interviews Joe Cavatoni of the World Gold Council about gold’s sharp rise above $5,500 and the subsequent pullback, plus the Council’s 2025 demand trends report. Cavatoni says the drawdown was mostly a momentum/speculation unwind after an unusually aggressive run, not a breakdown in fundamentals. He argues the underlying gold case remains supported by central bank buying, ETF inflows, jewelry spending, resilient tech demand, and only limited supply growth.
Preview:Jacques Bonneau argues that junior mining is a cyclical, sentiment-driven business where the biggest gains come from buying in the right cycle, riding “mini bubbles,” and focusing on management quality over long-term buy-and-hold. He says the current environment is favorable for commodities and highlights gold, silver, copper, uranium, rare earths, lithium, and a handful of junior names he thinks are attractive now.
Preview:Andy Schectman argues that gold and especially silver are being repriced higher because paper markets have been overwhelmed by persistent physical demand and large standing-for-delivery flows. He ties the move to Western central bank suppression, sovereign and institutional buying, geopolitical de-dollarization, and what he sees as a broader reset in the monetary system.
Preview:Matthew Piepenburg argues that gold and silver are rising for structural reasons, not just because prices are hot: US debt monetization, currency debasement, central bank buying, and waning trust in the dollar since 2022. He expects continued upside, but repeatedly warns that gold will not move in a straight line and that silver is far more volatile and better treated as a tactical metal than a set-and-forget store of value.
Preview:Rick Rule says he sold most of his physical silver because the trade worked, the thesis weakened at higher prices, and the speculative opportunity shifted to silver miners, gold, oil and gas, and copper. He remains constructive on commodities overall, but prefers assets where valuation, leverage, and supply constraints give better upside than owning the metal itself.
Preview:Jeff Clark stays structurally bullish on gold, silver, and precious-metals equities, but says 2026 should be treated as a correction-prone year. His main message is to stay invested, keep cash ready, avoid chasing 10x names, and look further down the food chain for undervalued juniors and developers.
Preview:Christopher Muan argues gold and silver are still in a powerful bull market but are entering late-stage, bubble-like conditions where momentum can continue sharply higher before a major peak. He thinks the next few weeks/months are a critical window for a final metals surge, after which he expects profit-taking, a stock-market rollover, and a possible rotation into cash and the U.S. dollar rather than chasing other risk assets.
Preview:Ross Beaty says gold remains structurally bullish because of dollar debasement, geopolitics, and fiscal excess, but he thinks both gold and especially silver are now in bubble territory. He recommends gold holders consider taking some money off the table, while arguing silver is more vulnerable to demand destruction, substitution, and a sharp correction once the froth unwinds.
Preview:Lobo Tiggre argues the precious metals rally could still be in either a late-stage blowoff or an extended bull market, but his base case is a consolidation first and then another leg higher. He is rotating profits out of expensive gold/silver names and looking for better entry points in oil, while remaining constructive on copper and uranium but unwilling to chase them at highs.
Preview:Charlotte Mloud interviews Willem Middelkoop of Commodity Discovery Fund about the ongoing silver breakout, which he frames as a short squeeze rather than a normal bull move. He argues the move is still early, driven by short covering, physical tightness, and a shifting price-discovery center from the West to Asia, with spillover implications for gold and other strategic metals.
Preview:Don Durrett argues gold and silver are in a new bull market, with gold driven mainly by a fragile U.S. bond market and silver amplified by physical shortage. He remains aggressively long miners and says investors should own quality producers and only rotate out when they have a clearly better destination.
Preview:Chen Lin argues silver’s breakout is being driven by a squeeze in physical demand, especially from Asia, with India’s holiday buying and new borrowing-against-silver rules, plus front-loaded Chinese solar-panel demand ahead of a VAT rebate change. He thinks the move is powerful but likely volatile, with upside near term and a meaningful chance of a pullback later this year if industrial demand fades and silver is treated purely as a metal rather than money.
Preview:John Feneck argues that silver has entered a rare breakout regime, with $100/oz treated as a psychological milestone rather than a reason to exit the whole trade. He says he is trimming some positions, but still expects higher near-term prices and sees silver outperforming through strong spot action, tight share structures, and acquisition-led growth among select miners. Gold is also seen as structurally strong, with geopolitical risk and higher bank targets supporting another leg up, while he highlights several juniors and special situations in silver, gold, antimony, platinum, and palladium.
Preview:Adrian Day argues gold is still in a bull market and nowhere near a top, even though pullbacks are always possible. He says the real buyers are still central banks, fiscal-deficit worried investors, and now Tether/crypto-linked demand, while the next major marginal buyer could come from crypto rotation into gold. He also thinks silver has more room to run, though a pullback there would not surprise him as much.
Preview:Peter Krauth argues silver’s surge to $100 is driven by a persistent supply deficit, strong industrial and investment demand—especially in Asia—and a delayed re-rating of silver miners. He thinks the metal may need to digest gains first, but still sees the bull trend intact and the sector potentially much higher over the next 2-3 years.
Preview:Charlotte Mloud says precious metals just had another record week, with gold nearing US$5,000 and silver above US$100. She argues the move is being supported by geopolitical तनाव and that investors are starting to rotate some profits into cheaper areas like oil and gas, while the precious-metals bull market still looks intact.
Preview:Steve Barton argues the big rotation trade is shifting from precious metals into oil and select oil/gas equities, while still expecting further upside in gold, silver, and platinum. He’s trimming uranium and silver into strength, and sees copper as a near-term pullback opportunity with a constructive 2026 backdrop.
Preview:Steve Penny argues silver is still in the middle of a major secular bull market, with the $54 breakout confirming a measured move toward $96 and leaving room for much higher levels over time. He frames the move as driven by monetary debasement, debt stress, and a coming shift in physical supply/demand, while urging investors to use ratios, staged buying, and pre-set profit-taking rather than single-point predictions.
Preview:Eric Nuttall argues 2025 was a volatile, noisy year for oil, but the bigger setup for 2026 is bullish: non-OPEC supply is peaking, U.S. shale is maturing, and oil prices likely need to rise enough to restart investment. He is more constructive on natural gas in the near term because LNG demand growth and a recent selloff have improved valuations.
Preview:Charlotte Mloud interviews Jim Weerhold of Bloomberg about the Bloomberg Commodity Index rebalance and his 2026 commodities outlook. His core view is that gold and silver have already run hard, so industrial metals—especially copper and other energy-transition metals—may outperform precious metals in 2026, helped by supply constraints, AI/data-center demand, and a potentially stagflationary macro backdrop.
Preview:Charlotte Mloud recaps a record week for precious metals, with gold moving above US$4,600 and silver topping US$93. She frames the rally around Fed independence worries, geopolitical tensions, and a growing physical-delivery narrative in silver.
Preview:Mario Innecco argues that gold and silver’s breakouts reflect a broader fiat-currency debasement story: lower short rates, higher long rates, persistent inflation, de-dollarization, and rising geopolitical risk. He is bullish on precious metals, sees silver as especially underappreciated because of physical tightness and exchange leverage, and thinks related miners and hard assets still have room to run.
Preview:Will Rhind (GraniteShares) argues that gold, silver, and now platinum are in a genuine precious-metals bull cycle driven by a softer dollar, geopolitical risk, central-bank buying, and underinvestment. He thinks the market is still early relative to prior mania phases, with more upside possible as mainstream attention expands.
Preview:Andy Schectman argues that silver’s breakout is being driven by a structural physical squeeze, not just speculative momentum. He points to record COMEX/LBMA deliveries, Chinese export restrictions, refining bottlenecks, and rising institutional/sovereign demand as evidence that the market is moving from paper pricing toward real metal scarcity.
Preview:This weekly Investing News update argues that precious metals remain in a strong 2026 regime, with gold already near US$4,500/oz and multiple market watchers talking about US$5,000/oz soon. Silver is described as much more volatile but possibly in price discovery, with guests suggesting north of US$100 and maybe US$200. The second half covers restarted Rio Tinto–Glencore combination talks and the Feb. 5 deadline for Rio Tinto to disclose its intentions.
Preview:Doug Casey argues that gold and silver are in a new bull market driven less by retail frenzy than by central-bank demand, fiat-currency distrust, and an unstable global monetary system. He thinks precious-metals miners still offer the best upside because they are tiny, volatile, and mostly ignored, while he remains skeptical of overowned AI stocks, bonds, and most of the broad market.
Preview:Yvonne Blaszczyk (BMG Group) predicts gold will hit $5,000/oz in Q1 2026, driven by the US military capture of Venezuelan President Maduro, broader geopolitical fragmentation, and continued central bank buying. She frames the Venezuela intervention as an opportunity rather than a crisis, argues the muted international response signals the ineffectiveness of the UN and NATO, and suggests Greenland may be the next US target. She is bullish on platinum (calling it a future military strategic asset on par with gold) and silver ("poor man's gold"), while highlighting gold as the only true reserve asset in a fractured world.
Preview:Alain Corbani argues that the gold bull market is being driven by a structural shift in rates, the dollar, and central-bank policy rather than a normal cycle. He says gold could reach US$5,000 near term, with silver likely to lag at first but then outperform if the gold-silver ratio keeps compressing.
Preview:Charlotte Mloud interviews David Morgan about silver’s post-$50 breakout, arguing the metal has entered price discovery and that physical tightness is finally overpowering the paper market. Morgan is constructive on silver, silver miners, and related supply-chain assets, while also warning that some online silver narratives are exaggerated and that short-term volatility can still be violent.
Preview:A roundup of nine market voices on the best-performing asset for 2026. The consensus clustered around silver, gold, uranium, copper, and a few contrarian picks like oil/gas, community banks, pharma, and Intel.
Preview:Charlotte Mloud interviews Josef Schachter of the Schachter Energy Report on why 2025 energy stocks outperformed despite weak oil, and why he thinks 2026 could be the year oil trends higher and natural gas stays strong. His core message is that energy equities remain cheap, sentiment is still not fully reset, and a correction in Q1 could create the next buying opportunity before a stronger second half.
Preview:A year-end compilation from Investing News Network revisiting the channel's five most-viewed interviews of 2025. Charlotte McLeod introduces curated clips from Don Durrett (silver/gold stock thesis, $4,000 gold target), Peter Grandich (gold miners as cash-flow machines at $2,800+ gold), Vince Lanci (London silver liquidity crisis after $50/oz breakout), Ed Steer (long-term silver $200–$400/oz, eventual physical unavailability), and Rick Rule (selling 25% of junior gold positions during a "white hot" market to recoup capital). No new live analysis; this is a highlight reel.
Preview:Jeffrey Christian argues that gold and silver’s 2025 surge was driven less by metal-specific supply/demand than by unusually hostile global economic, political, and financial conditions that boosted investment demand. He thinks 2026 will likely bring even more stress, which should support further spikes in gold, silver, and possibly platinum, though he emphasizes that investors should distinguish temporary spikes from sustainable annual-average prices.
Preview:Craig Hemke argues that 2025’s explosive gold and silver moves are rooted in a structural scarcity and currency-debasement story, not a one-off delivery squeeze or a single market event. He is bullish on both metals into 2026, with especially strong emphasis on silver miners as a leveraged way to play the move.
Preview:Charlotte Mloud of Investing News Network runs through the week's biggest mining stories: silver hit a new record above $66/oz before pulling back; gold approached its all-time high near $4,360; platinum quietly surged ~105% YTD to near $1,970; and copper reached a new all-time high near $12,000/metric ton on the LME. She plays clips from John Rubino (silver exchange squeeze dynamics), Edward Sturk (platinum deficit outlook), and Lobo Tiggre (copper as top 2026 pick). US CPI data raised credibility concerns due to government-shutdown-related collection issues, and jobs data showed unemployment rising to 4.6% — the highest since 2021.
Preview:Ben Finegold argues that uranium’s 2025 price action understated a fundamentally strengthening market: spot was flat, term pricing improved, utilities are still undercontracted, and new demand is being created by life extensions, restarts, and eventually new builds. He thinks the market has not yet fully priced in regulatory reform, government funding, and tightening supply, and he remains most constructive on higher-quality North American names and enrichment exposure.
Preview:John Feneck argues that silver has already broken into a new higher regime and remains his largest portfolio holding, while gold is still consolidating but likely has more upside into 2026 as Fed policy eases and major banks reprice their targets higher. He highlights a basket of silver, gold, and special-situation mining names that he thinks are still undervalued or misunderstood, with particular emphasis on permitting, strong insider ownership, and projects in favorable jurisdictions.
Preview:John Rubino argues that silver’s breakout is real and still early, with supply deficits, shrinking exchange inventories, and potential delivery/default stress creating the setup for a much larger move. He remains constructive on gold too, but sees silver and silver miners as the cleaner tactical trade into 2026, while also warning that the yen carry trade, rising debt stress, and a bond-market revolt could create broader market disruptions.
Preview:Gareth Soloway is broadly bullish on precious metals into 2026 but expects sharp, tradable pullbacks along the way. He sees silver and platinum as continuing higher after strong breakouts, while gold may need a decisive push above 4,400 to confirm a move toward 5,000; otherwise a deeper pullback is still possible. He is much more cautious on the S&P 500 and Bitcoin, arguing both are vulnerable to downside in early 2026 as liquidity, AI capex, and the stock-market wealth effect weaken.
Preview:Peter Grandich argues that the gold bull market is not over, but the easy money may already be behind physical metal and increasingly in miners and juniors. He is positioning defensively with a large cash/T-bill/CD sleeve, shorting his enthusiasm for broad markets, and favoring gold, silver, copper, and mining equities over general equities, crypto, and AI-linked speculation.
Preview:Charlotte Mcloud of Investing News Network recaps silver's breakout above $60/oz (briefly past $64), now up over 110% YTD. She covers the Fed's 25bp cut to 3.5-3.75%, the dissenting votes (including Governor Myron wanting 50bp), and the new $40B/month Treasury bill buying program framed as quasi-QE. Clips from David Erley (Junior Miner Junkie) and Peter Kraut (Silver Stock Investor) outline bullish targets: $66-68 near-term, $80-83 if momentum continues, and a long-term measured target of $96 from a 45-year cup-and-handle breakout. Both guests frame loose monetary conditions and a fifth year of silver supply deficit as tailwinds, with $50 now acting as strong support.
Preview:Charlotte Mloud interviews David Erfle of Junior Miner Junkie about the surge in silver, gold, and mining stocks. Erfle argues the move is being driven by a real supply squeeze, persistent central-bank buying, and looser Fed policy, and he says the sector is still early relative to past bull markets.
Preview:Peter Krauth discusses silver's unprecedented breakout above $60/oz, attributing it to a structurally tight physical market, persistent supply deficits, and strong investment demand. He sees the move as part of a secular bull market, with $50 now acting as a new floor. While cautious about near-term volatility and potential consolidation, he projects silver could reach $70 in 2026. Krauth highlights byproduct-heavy supply inelasticity, solar/electrification demand, and portfolio under-allocation as long-term tailwinds.
Preview:Charlotte Mloud interviews Gary Wagner about gold and silver into 2026. Wagner says 2025 was a “phenomenal” year for gold, with futures roughly doubling from around 2,600 to over 4,400 before pulling back to the low 4,000s, and he expects gold to hold near 4,200 if the Fed cuts rates as expected. He is bullish on both metals into next year, especially silver, but stresses that the next major moves will depend more on Fed guidance, labor-market weakness, liquidity, and geopolitics than on any single headline.
Preview:Steve Barton argues silver has confirmed a major breakout, with gold, copper, and uranium also constructive, while the S&P 500 and near-term oil look weaker. The interview is a chart-driven tour of commodity setups, emphasizing specific support/resistance levels, breakout targets, and disciplined risk management.
Preview:Charlotte Mloud interviews Clem Chambers about silver’s breakout, gold’s geopolitical bid, and the broader case for commodities, defense, and onshoring. Chambers argues that government and central-bank buying are the real force behind gold, silver is the retail “fast horse,” and AI/geopolitics will keep pressure on commodities, energy, and domestic chip manufacturing, with Intel as his standout equity idea.
Preview:OceanaGold CEO Gerard Bond sees gold's rally as a structural step-change driven by de-dollarization, stagflation risk, central bank buying, and geopolitical uncertainty — factors he believes won't reverse soon. The company is emerging from a planned soft Q3 into a strong Q4 and 2026, powered by completed stripping campaigns at Haile and Macraes, higher grades, and a ~$4,200/oz gold price. Bond reports early signs of generalist investor rotation into gold equities and announces an NYSE listing in April 2026. He emphasizes disciplined cost control, a strong exploration track record (5M oz reserves added at ~$50/oz), and the high-grade Waihi North project in New Zealand as a key growth catalyst.
Preview:Silver smashed through its all-time high this week, breaking $56/oz, then $58, and nearly touching $59. Charlotte McLeod of Investing News Network breaks down the drivers: Fed rate-cut expectations, geopolitical turmoil (US-Venezuela tensions), a London supply squeeze, strong Indian demand, and low Chinese stockpiles. She also examines the controversial COMEX trading halt — which coincided with silver's breakout — exploring speculation that it may have been deliberate to relieve physical delivery pressure. The episode features guest clips from Clem Chambers (downplaying conspiracy theories), Brian Lundin, Rich Checkan, and Jay Martin, all bullish on silver into 2026. McLeod teases upcoming interviews with Peter Krauth and Gary Wagner.
Preview:Frank Holmes argues that gold, silver, and resource equities remain in a secular bull market driven by money printing, debt monetization, defense spending, and scarcity of new supply. He expects gold to test $5,000 next year, silver to exceed $100 by the end of Trump's term, and says the most leveraged opportunity is in gold/silver miners, royalty names, copper, and select Bitcoin data-center plays.
Preview:Charlotte McLeod, editorial director at Investing News Network, shares her synthesized view of the US economy based on conversations with guests across the mining and macro space. She describes an economy where warning signs are flashing — sticky inflation amid Fed rate cuts, downward jobs revisions, tech layoffs, and unsustainable debt — yet timing a recession remains elusive. She emphasizes the bifurcated economy where asset owners benefit while paycheck-to-paycheck households suffer. On gold and silver, she sees the bull market as intact and personally accumulates physical metal on autopilot while favoring large-cap royalty/streaming companies for equity exposure. She flags copper and uranium as the top non-precious metals to watch for 2026, though recession risk clouds copper's near-term outlook.
Preview:Charlotte Mloud interviews Edward Sterck of the World Platinum Investment Council about platinum’s 2025 rally and the 2026 outlook. Sterck says 2025 is shaping up as a third straight year of a deep deficit, driven more by constrained supply than demand growth, and that elevated lease rates, tight prompt-market conditions, and depleted above-ground stocks helped support the price surge. For 2026, WPIC’s base case is a near-balanced market, but Sterck emphasizes that this balance depends on ETF profit-taking and CME inventory outflows; absent those, he still sees a sizable deficit. He also flags trade investigations, China’s growing role in platinum investment and jewelry demand, and the limited near-term flexibility of mine supply.
Preview:Keith Weiner argues that the gold and silver bull market is still structurally intact, with the main drivers unchanged or improving. He says gold's rise is pressuring the jewelry/trade side, silver is benefiting from price-out demand and market dislocations, and institutions are finally moving from exiting metals to re-entering them.
Preview:The host of Investing News examines Tether's growing role in gold markets: its controlling stake in Elemental Royalties, its 116 metric tons of gold holdings (making it the largest non-central-bank holder), and Jefferies' estimate that Tether accounted for nearly 2% of Q3 global gold demand. The Genius Act's prohibition on gold as a stablecoin reserve asset creates regulatory friction, but Tether is launching a compliant US stablecoin (USAT). The host frames Tether as one notable driver among many for gold's rally, not the dominant factor.
Preview:Jay Martin argues gold is still in the early-to-middle stages of a methodical bull market, not near a top, with central bank buying, de-dollarization, and geopolitical uncertainty keeping the thesis intact. He says silver offers the biggest upside for 2026, while copper is a slower, higher-conviction multiyear story tied to underinvestment in supply, and he sees rising interest in juniors and the Vancouver Resource Investment Conference as evidence the sector is drawing more capital.
Preview:Bert Dohmen argues that the market is being driven by distortive policy, AI-related job destruction, and extreme leverage rather than healthy fundamentals. He says government labor data are unreliable, deflation is a bigger risk than inflation, crypto is collapsing under leverage, gold is headed much higher over the long run, and silver should play catch-up.
Preview:Retail investor Grant Warden, interviewed at the New Orleans Investment Conference, shares his personal journey into precious metals investing driven by US debt concerns. He explains how he learned from figures like Mike Maloney and Adam Taggart, offers a ground-level perspective on inflation's real impact on ordinary families, and discusses his defensive portfolio approach favoring physical metals and diversified mining equities. His long-term view is that gold and silver remain in early-to-middle innings of a secular bull market, though he emphasizes investor psychology and the inevitability of drawdowns.
Preview:Charlotte McLeod of Investing News Network recaps the week in mining: gold held $4,000–$4,100, silver spiked above $52/oz before pulling back on strong US jobs data that dampened December rate-cut hopes. Fed minutes showed internal division and confirmed QT ends December 1. A clip from Adrien Day argues this is effectively the start of QE. The bulk of the episode covers turmoil at Barrick Gold — board considers a breakup into two entities or an outright sale of African/Asian assets, Elliott Management took a ~$700M+ stake, and CEO Mark Bristow plus senior managers departed. MP Materials also announced a Saudi rare-earth refinery JV with the US DoD.
Preview:Charlotte Mloud interviews Joe Cavatoni of the World Gold Council about why gold has been strong, what’s driving record demand, and how investors should think about allocation as the Fed, data blackout, and uncertainty around 2026 evolve. His core message is that investor demand, central-bank buying, and portfolio-resilience needs—not just the dollar—are now the main gold drivers, and he argues gold is still an allocation, not a trade.
Preview:Don Hansen argues gold is still in the early innings of a secular bull market and lays out five drivers that make this cycle stronger than past ones: steady money-supply growth, rising central-bank gold buying, elevated sovereign debt, unfavorable demographics, and eventual vulnerability in the S&P 500. He also says the gold-mining stocks he favors should continue to outperform because many are growing production, while he prefers silver producers with gold byproducts over those dependent on zinc, lead, or copper.
Preview:Steve Barton says his mining-stock process is built around finding large, growable deposits run by experienced teams, then combining fundamental diligence with technical entries and exits. In this interview at the New Orleans Investment Conference, he argues that conference attendance itself is a sentiment tell, favors companies with proven operators and backers like major miners, and says his 2026 commodity pick is copper.
Preview:Charlotte McCloud recaps the week in metals: gold broke back above $4,200 and silver briefly pushed past $54 after a 43-day US government shutdown ended. She shares takeaways from the New Orleans Investment Conference, where consensus held that the pullback was temporary. Rick Rule's profit-taking framework is highlighted — he sold 25% of junior gold positions, redeploying into physical gold, Agnico Eagle, Franco-Nevada, Wheaton, and oil/gas. Experts see copper, uranium, silver, emerging markets, and oil/gas as top 2026 sectors.
Preview:Chris Temple argues gold’s recent parabolic move was due for a correction, but sees the pullback as an opportunity to rotate into higher-quality exploration names rather than chase ETFs or large-cap gold stocks. He also says the broader case for gold is stronger than in past cycles because central banks now hold more gold than U.S. Treasuries globally, debt burdens are becoming unserviceable, and the Fed is again showing signs of liquidity strain.
Preview:Gerardo Del Real is broadly bullish on metals and critical minerals, but his emphasis is on finding value early in junior equities rather than chasing the underlying commodity prices. He thinks the gold bull market is still early for juniors, sees strong upside in copper and uranium, remains constructive on silver and lithium, and argues that structural deficits, debt, and geopolitical supply-chain shifts could keep this cycle going for years.
Preview:Chris Marcus of Arcadia Economics discusses the silver market at the New Orleans Investment Conference. He argues the recent silver selloff is not the end of the rally — physical supply constraints remain unresolved, with backwardation returning, Indian silver ETFs still unable to source metal, and the LBMA reportedly calling it "a genuine silver shortage." On gold, he sees structural drivers intact, noting the Trump administration's apparent comfort with a weaker dollar and higher gold prices as potentially enabling a gold certificate revaluation. His core message: short-term price direction is unknowable, but the long-term case for both metals remains strong.
Preview:Nick Hodge says the precious-metals bull market is still intact, with gold and silver in a healthy pullback rather than a top, and he sees copper and uranium as his favored 2026 upside ideas. He also argues that U.S. policy, permitting reform, and critical-minerals nationalism are creating a real tailwind for mining and adjacent tech like traceability and recycling.
Preview:Mike Maloney argues gold and silver are entering the third and final, most explosive phase of their bull market. He bases this on dramatically expanded global access — 18x more people and ~80x more fiat currency chasing a gold supply that's only doubled since 1980 — plus simultaneous bubbles in stocks, bonds, and real estate. He uses the gold-silver ratio to dictate metal selection (currently ~85:1, heavily favoring silver) and expects "spectacular" prices, with silver topping $200 and gold potentially reaching $10,000 if Jamie Dimon's call proves right. A crisis triggered by tariffs, AI bubble deflation, or a left-field shock is his expected catalyst.
Preview:Dana Samuelson (American Gold Exchange) sits down with Charlotte McLeod at the New Orleans Investment Conference to argue that global physical gold and silver markets are experiencing a "run on the bank" not seen since the 1970s. He identifies three massive physical buying waves in 2025 — tariff-driven flows into COMEX, Chinese buying in April, and Indian buying around Diwali — that together have drained London vaults, broken the silver OTC market, and reasserted physical price discovery over paper markets. Samuelson sees gold support at $3,900, resistance at $4,050-$4,100; silver support at $47, resistance at $50. He expects sideways consolidation with a grind higher near-term, with any US recession, lower rates, or fear-driven buying acting as the "hair trigger" for the next parabolic leg.
Preview:Peter Schiff argues the recent gold/silver pullback is a non-event — gold near $3,950 and silver near $48-50 are levels that would have thrilled investors just months ago. He believes the correction is already over, that mainstream investors are only beginning to allocate to gold, and that central bank buying will accelerate. He expects QE to resume in 2026, sees gold miners as deeply undervalued with strong margins, and predicts a major rotation out of US stocks into international/emerging markets. He uses the contrast between the small New Orleans gold conference (~600-700 attendees) and the 35,000-person Bitcoin conference as a sentiment gauge: gold is early, Bitcoin is late.
Preview:Jordan Roy-Byrne argues that gold and silver are in a post-breakout correction within an ongoing secular bull market, not a trend reversal. He expects the pullback to run its course over roughly months rather than weeks, sees potential support around gold $3,600–$3,700 and silver in the low $40s, and thinks the next major leg higher could be very large once the correction and breadth washout finish.
Preview:Byron King argues the precious-metals and hard-assets trade still has room to run, with gold and silver near a pause rather than a top, and with broad support from sticky inflation, U.S. fiscal stress, and dollar debasement. He also says the next leg is likely led by quality producers and advanced developers, while critical minerals like rare earths, antimony, platinum, and helium matter as strategic supply-chain plays.
Preview:Omar Ayales says the gold/silver crowd is euphoric, but he’s more cautious now than last year. He thinks gold may need a consolidation, with $3,600 as an important support area, and he’s rotating some capital out of precious metals into copper, energy, and uranium/critical minerals.
Preview:Larry Lepard argues that gold, silver, and Bitcoin are all responding to a broader monetary debasement regime driven by Fed and fiscal constraints. He thinks the move is still early, expects further upside in 2026, and prefers owning the metals and gold miners rather than trying to trade every pullback.
Preview:Mark Skousen argues that gold and silver are in a major bull market driven by “permanent inflation,” central-bank buying, and declining confidence in the dollar. He thinks the recent pullback in metals is healthy, sees gold’s long-run case as intact, and remains bullish on silver, while also warning that AI stocks and parts of the market may be vulnerable to a bear market rather than a classic crash.
Preview:Rich Checkan (Asset Strategies International) argues that the recent 10%+ pullback in gold is a healthy consolidation within an ongoing bull market, not the end. He sees no fundamental shift: central banks are still buying, fiscal deficits persist, the Fed just cut rates and signaled an end to QT, and geopolitical tensions remain elevated. He expects gold to resume its uptrend by early 2026 and predicts silver will outperform gold in 2026 due to late-cycle bull market dynamics, strong industrial demand, and years of supply deficits. His gold price target is at least $5,700/oz, with a long-term Dow-to-gold ratio target of 5:1 implying significantly higher gold or much lower equities.
Preview:Lobo Tiggre names copper his highest-confidence trade for 2026 (a repeat from 2025), with uranium as runner-up. He remains bullish on copper's electrification + AI demand thesis but has been waiting for an economic pullback to buy — a pullback that hasn't materialized. He describes a stagflationary Fed setup (cutting into rising inflation), large gold/silver profits already taken via his "upside maximizer" discipline, and a cash-heavy position ready to deploy into copper. His key caveat: near-term economic weakness could still provide a better entry.
Preview:Rick Rule argues gold is still a long-term store-of-value trade, even after a pullback, and says he remains heavily positioned in physical gold plus selected senior gold and oil names. He frames the recent sale of 25% of his junior gold stocks as a risk-management move after a hot financing tape, not a bearish call on gold itself.
Preview:Adrian Day argues the current gold pullback is a normal correction, not a market top. He says gold ran too far too fast, but sentiment is still far from the manic, public-participation conditions seen at major tops, and he expects the next leg higher to be driven by either a weaker stock market or a renewed inflation scare. He is also bullish on gold more broadly because he thinks Fed policy is shifting toward easier money, with QT ending and QE-like balance-sheet reinvestment beginning.
Preview:Gold Newsletter editor Brien Lundin, speaking from the New Orleans Investment Conference, discusses gold's remarkable run past $4,000, the current pullback as only the second ~10% correction in this bull market, and his expectation for a sideways consolidation before the next leg up. He identifies the debasement trade as gold's core driver, sees a multi-year global easing cycle ahead (amplified by the coming Trump-appointed Fed chair), and names silver and silver stocks as his top pick for 2026. He is fully allocated but acknowledges missing profit-taking at the peak.
Preview:Steve Penny argues that silver, gold, platinum, and uranium are still in major bull markets, but near-term pullbacks or consolidations are likely after sharp breakouts. He emphasizes a strategy-first approach: use fundamentals to pick the sector, technicals to time entries/exits, and separate long-term holdings from a trading bucket so investors can take profits without abandoning the core thesis.
Preview:John Fenick argues the recent gold pullback is a consolidation inside a still-bullish secular setup, with silver even stronger and likely headed back to $50 by year-end and potentially $66–70 next year on an inflation-adjusted basis. He ties the precious-metals bid to weak U.S. labor data, persistent macro unease, heavy tech concentration in the S&P 500, and a likely dovish Fed over time, while also highlighting a handful of small-cap mining names he thinks are undervalued and positioned for rerating.
Preview:Steve Barton says gold and silver have probably entered a healthy correction after a strong run, and he sees more near-term downside before the bull market resumes. He is more interested in buying pullbacks than chasing strength, while also flagging uranium, rare earths, oil, and nickel as the next unloved commodity themes worth studying.
Preview:Charlotte Mloud interviews Dr. Mark Thornton of the Mises Institute about gold, silver, inflation, and Fed policy. Thornton argues gold’s surge is a warning sign about government overspending, monetary debasement, and rising geopolitical conflict, while silver may have even more upside because of tight supply and industrial demand. He also says the U.S. is at risk of deeper inflation, possibly hyperinflation under war-like spending and continued money printing, and he sees commodities—especially precious metals and energy—as the main safety trades.
Preview:Charlotte McLeod of Investing News Network recaps gold's sharp pullback from all-time highs to near $4,000/oz and silver's drop below $50/oz, attributing the decline to a stronger dollar, lower US-China tensions, and profit-taking. She presents clips from Patrick Tui (Goldstrom) who argues gold won't fall below $3,000 again, Ed Steer who frames the current move as part of a historic East-West financial power shift, and Don Durrett who sees the gold-stock divergence as proof the gold cycle is still early.
Preview:Ed Steer argues silver’s current rally is being driven by a structural physical deficit, aggressive buying from India and the East, and heavy short covering by bullion banks. He says the paper price can be pushed around in the short run, but the broader setup points to much higher prices—potentially triple digits for silver—and continued strength across precious metals and related miners.
Preview:Patrick Tuohy argues that gold’s status has permanently changed from an unloved asset to a core store of value, and that the recent rally is supported by central-bank buying, de-dollarization, and a broader loss of trust in the financial system. He is bullish on gold’s long-run role, sees silver as the more likely near-term outperformer, and thinks physical ownership matters more than ETFs for investors who want real protection.
Preview:Charlotte McLeod, host at Investing News Network, sits down with Steve Barten to discuss her macro concerns (sticky inflation, confusing jobs data, untenable US debt), her core commodity focus (gold, silver, uranium), and under-the-radar areas she's watching (critical minerals, agricultural commodities, water). She notes growing generalist anxiety about the economy, suggests profit-taking in gold is now viewed as contrarian by retail, and reveals she personally holds physical gold and silver as a hedge. The conversation balances macro worry with pragmatic optimism, anchored by McLeod's 13 years of editorial experience in the mining and commodity space.
Preview:Charlotte Mloud interviews Gianni Kovacevic about the recent surge in silver, the case for higher oil prices, and why he thinks lithium is the most interesting current speculation. His core message is contrarian: trim exposure to weak junior explorers, focus on real resources and capital preservation, and rotate toward tangible commodities that he believes are entering stronger demand/supply regimes.
Preview:Charlotte Mloud interviews Christopher Muan about gold, silver, platinum, palladium, and the stock market. Muan’s core view is that gold’s parabolic strength is a warning sign that equities are near a major correction, while precious metals may still have a bit more upside before they too become crowded and vulnerable to a sharp pullback. He says the right response is to scale out, raise stops, and move to cash on the equity side.
Preview:Gold broke above $4,300/oz (+67% YTD) and silver passed $54/oz (+84% YTD) in another historic week. The host recaps drivers: central bank buying, fiat distrust, US-China trade war escalation, government shutdown stalling Fed data, and regional bank fraud troubles. Two guest clips feature Rich Czechen noting Western investors are finally entering (dealers seeing outright sales rather than just buying), and Vince Lanci describing a London silver liquidity crisis — metal exists but isn't in the right place, creating a squeeze. Lanci sees triple-digit silver as realistic long-term. Rich's multiple indicators show no top in sight for gold.
Preview:Vince Lanci argues that silver’s current spike is being driven by two forces: normal demand from investors seeking real assets and a more acute London liquidity squeeze. He says London is short of immediately available silver, lease rates have exploded, and the market is being forced to reprice until metal is released or the shortage eases. He frames this as a crisis inside a longer-term precious-metals bull market, not a one-day event.
Preview:Rich Checkan argues that gold and silver are still in the early-to-middle stages of a bull market, not near a top. He says mainstream adoption is only beginning, central-bank buying has already driven the move, and any pullbacks should be bought rather than feared.
Preview:Don Durrett argues the precious-metals bull market is still in the early innings and is being driven by a structural loss of confidence in U.S. fiscal and monetary stability. He thinks gold’s move above $4,000 and silver’s move above $50 confirm the thesis, while miners still have substantial upside if the stock market rolls over and capital rotates out of overvalued equities.
Preview:Josef Schachter argues that oil and gas stocks are approaching another attractive buy window, but not quite yet. His near-term setup is cautious: crude has softened on inventory builds and seasonally weak demand, while he wants three signals to line up before issuing an action alert—oil below $60, the S&P/TSX Energy Index below 240, and the bullish percentage index under 10%.
Preview:Haytham Hodaly, president of Wheaton Precious Metals, discusses gold breaking $4,000/oz and silver crossing $50/oz. He attributes the rally to geopolitical tensions, central bank buying, expected rate cuts, ETF inflows, and a weakening US dollar. He sees gold potentially rising another 10-20% near-term, with silver likely outperforming gold based on the gold-to-silver ratio. He positions Wheaton as the premier low-risk vehicle for generalist investors entering the space, highlights the Hemlo acquisition financing as demonstrating the streaming model's flexibility, and notes the industry is still in the growth phase of the precious metals cycle.
Preview:Gold broke through $4,000/oz and silver surged past $51 for a new all-time high in a historic week, driven by the ongoing US government shutdown, geopolitical uncertainty, and concerns about fiat currencies. Experts highlighted silver backwardation as a key technical catalyst, the elevated gold-silver ratio (~80s) suggesting further upside, and the psychological breaking of $50 potentially drawing in algorithmic and institutional traders. The broader precious metals rally — including platinum breaking above $1,600 and palladium nearing $1,500 — is seen as still in progress, with mainstream figures like Ray Dalio now recommending up to 15% portfolio allocations to gold.
Preview:Lynette Zang argues that gold and silver’s surge reflects a broader loss of confidence in fiat money and a coming monetary reset. She says the system is in a “meltup phase,” with gold/silver outperforming stocks and crypto, and ties the move to central-bank gold buying, rising debt, and the new stablecoin regime she believes will help create fresh demand for Treasuries while accelerating debasement.
Preview:Yvonne Blaszczyk, CEO of BMG Group, presents a deeply bullish thesis on precious metals framed through geopolitical analysis. She sees gold at $3,980 as "just the beginning," driven by China's systemic accumulation, BRICS de-dollarization, and a world "on fire" with flashpoints. She targets $5,000+ gold, expects silver to continue climbing (though not overtaking gold), and flags platinum as a "huge winner" due to military/industrial demand. Her core argument: the financial system is undergoing a paradigm shift away from fiat currencies toward gold-backed architecture, and Western retail investors still don't grasp the magnitude of the change.
Preview:Ted Butler is broadly bullish on precious metals, especially silver and platinum, but he thinks the biggest near-term opportunity has shifted from gold into silver and then silver miners. His core silver call is that the metal can still break above $50, though he expects some consolidation or correction first; he argues the rally is being driven by physical tightness, India demand, rate cuts, and rising geopolitical risk. He is even more constructive on platinum because he sees a deep supply deficit, strong auto and jewelry demand, and a historically cheap valuation versus gold.
Preview:David Morgan argues silver is in a strong but still unfinished bull market, with a possible short-term shakeout in October before any move through $50. He says the bigger story is a breakdown in the financial system, rising institutional/sovereign demand for precious metals, and a broader rotation into gold, silver, and platinum as protection against inflation, debt stress, and potential monetary-system changes.
Preview:Charlotte McLeod of Investing News Network recaps the week's top mining stories: gold nears $3,900/oz on a US government shutdown, silver pushes past $47/oz without yet breaking its all-time high, and both Barrick Gold and Newmont see CEO departures on the same day. Clip excerpts from Adam Rozencwajg (5-figure gold thesis via gold-to-Dow ratio) and David Morgan (silver top signals via ETF flows and volume) round out the update.
Preview:Adam Rozencwajg argues that the macro backdrop is shifting toward a more inflationary regime, driven by high debt, heavy money creation, a more accommodative Fed, and a likely weaker dollar. In that setting, he thinks gold’s bull market is still early, silver is still cheap relative to gold, platinum has a major upside re-rating case, and energy could surprise to the upside as shale growth rolls over.
Preview:A narrated compilation of five precious-metals experts weighing in on whether gold is still a buy at all-time highs. The consensus: if you own none, start dollar-cost averaging now; if you already own some, consider whether your allocation is adequate — with several experts now recommending 20% rather than the traditional 5–10%. Physical metal is favored as the lowest-risk form of exposure. The bullish thesis rests on central-bank buying, de-dollarization, fiat-currency concern, and the argument that Western investors have not yet entered the market in size.
Preview:A weekly mining-industry roundup anchored by silver breaking $45/oz (first time since 2011) and gold nearing $3,800. The host reports that China is courting friendly-nation central banks to store sovereign gold in Shanghai — another de-dollarization signal. Fed Chair Powell's cautious-rate-cut stance and Trump's pressure for faster easing are noted as gold-relevant. A guest clip from Steve Barton warns gold looks stretched near $4,000 and advises trimming. Copper supply is disrupted by Freeport's Grasberg force majeure, while Lithium Americas shares spiked >100% on news the Trump administration may take a ~10% equity stake via warrant renegotiation of its DOE loan.
Preview:Joe Cavatoni of the World Gold Council discusses gold's record run past $3,700/oz, framing it as a structural shift toward strategic portfolio diversification rather than a speculative spike. He highlights weakening US economic conditions, Fed rate cuts, dollar concerns, and questions around Fed independence as key drivers. Central banks continue buying despite price sensitivity, and Western institutional/retail investors are increasing strategic allocations. Tariff clarity for gold investment bars has been resolved favorably. He sees conditions remaining supportive for gold over the next 12-24 months with limited downside catalysts.
Preview:Steve Barton is broadly bullish on precious metals, especially gold and silver, but thinks the trade is getting crowded and stretched in the near term. He sees gold near a possible $4,000 target, silver around $48, platinum as a relative-value breakout candidate, uranium still constructive but less mispriced than before, and he remains selective or cautious on gold stocks, oil, nickel, and copper depending on level and cycle.
Preview:Chris Marcus argues silver is in a rare breakout phase, with spot above $44 and a growing mismatch between price, physical availability, and paper-market positioning. He thinks the move is being driven by a mix of gold strength and silver-specific stress, and says the key question is no longer whether deficits exist, but whether they are finally becoming visible in price.
Preview:Gareth Soloway argues gold has likely topped near term after a vertical breakout and is due for a consolidation phase before another leg higher, with longer-term upside still intact toward $4,000 next and potentially $6,000 in the current bull run. He is similarly constructive on silver after a pullback, cautious on platinum until a clean break above 1,500, and bearish-to-cautious on equities and Bitcoin into year-end because of weakening labor data, stretched valuations, and a likely market correction.
Preview:Gold broke $3,700/oz for the first time during the Fed's meeting week, where a 25 bps rate cut was delivered. Charlotte McLeod of Investing News recaps the Fed decision, gold's retreat to $3,640, and key mining sector deals: Newmont's sale of its Coffee project, Alamos Gold divesting its Turkish subsidiary, and Zijin Gold International's upcoming $3B+ Hong Kong IPO. A clip from Will Rhind of GraniteShares frames gold as the de facto USD alternative, and GDX's index switch is noted.
Preview:Will Rhind of GraniteShares argues gold’s rally is still being driven by the same core forces as before: a weak U.S. dollar, expanding global money supply and debt, central-bank rate cuts, and persistent demand for an alternative to fiat currency. He thinks the Fed’s 25 bp cut was unsurprising and that the macro backdrop is still supportive for gold and, by extension, silver and Bitcoin as alternative assets.
Preview:Chen Lin argues the gold and silver moves are being driven by a mix of Chinese buying/positioning, Western reallocation away from bonds, and a weaker U.S. macro backdrop that could support further gains. He is constructive on miners and especially levered names/options, but wants the move to be a steady grind higher rather than a blow-off top that would trigger a sharp correction.
Preview:John Feneck argues the gold and silver bull market is not over, with the strongest near-term catalyst being the Fed meeting and the broader repricing that followed weak U.S. labor data and Powell’s Jackson Hole tone. He is especially constructive on silver, juniors, and select miners/developers with permits, production proximity, strong partners, or unusual strategic support.
Preview:A weekly mining-news roundup: gold hits a new nominal record and surpasses its 1980 inflation-adjusted high; silver holds above $42/oz. US CPI runs hot but PPI surprises lower, cementing a 93.9% probability of a 25bp Fed cut. Anglo American and Teck Resources announce a $5.3B zero-premium merger to create a copper giant. Newmont plans a TSX delisting; Barrick sells its Hemlo gold mine for $1.09B as it pivots toward copper.
Preview:Edward Sterck says platinum’s 50% YTD price rally reflects a genuinely tight market, but it still hasn’t risen enough to trigger a meaningful mine-supply response. He expects some easing from recycling, ETFs, and seasonal mine supply later in the year, yet argues those sources are unlikely to close the deficit unless prices stay higher for longer.
Preview:Clem Chambers argues that gold is being driven mainly by rising geopolitical stress and official-sector buying, not just inflation. He thinks central banks will cut rates, restart QE, and push harder into hard assets, which should support gold, silver, platinum, palladium, copper, and selected ETFs/physical holdings.
Preview:Charlotte Mloud interviews Mark Walbert of Contrarian Codex / Yellow Bull 11 about uranium after the WNA conference. Walbert’s core view is that uranium is in a real supply-demand squeeze, utilities are still undercontracted, and the sector is shifting from a niche bull case to a broader institutional and utility-led mindset shift. He thinks the market is moving toward much higher term and spot prices over the next 1-3 years, with triple-digit uranium prices plausible by end-2026, while the biggest near-term watchpoint is whether marginal utilities and financial buyers finally step in as prices push through the $80-$90/lb area.
Preview:Jaime Carrasco argues that gold and silver are no longer just tradeable metals but the monetary assets that should benefit from a global debt unwind, rising long rates, and a broader de-dollarization / re-monetization of trade. He is most constructive on gold, then silver, and says the best equity exposure is in producers with leverage to higher metal prices, not just the bullion itself.
Preview:James Henry Anderson argues the gold breakout is primarily a technical confirmation of a longer bull market, but he ties it to expected Fed easing, persistent fiat debasement, and a shift away from bonds and US stocks toward bullion. He is similarly bullish on silver, saying industrial demand, low inventories, and a high gold/silver ratio make the move toward $50 and eventually much higher levels plausible.
Preview:A weekly mining-industry roundup anchored by gold breaking above $3,500 and silver crossing $40 for the first time since 2011. The host ties the moves to Fed rate-cut expectations ahead of the September 16–17 meeting, global bond-market turmoil (30-year yields spiking across the US, UK, Europe, and Japan), and tariff uncertainty. She plays clips from two recent interviews: Ken Hoffman (Redcloud Securities) argues every macro force is a tailwind for gold and sees a path toward $10,000; John Hathaway (SPRAT) frames silver as a "smoldering volcano," structurally undersupplied, and likely to outperform gold in percentage terms.
Preview:A compilation of expert views on what will drive gold's next leg up after a record-breaking 2025 that saw 26 new all-time highs and a breach above $3,500/oz. Six market watchers weigh in: central bank buying (now exceeding 1,000 tons annually for three years), Fed rate cuts, a coming dollar collapse, the absence — and eventual return — of Western retail/institutional investors, and the arithmetic unsustainability of US sovereign debt. The consensus is structurally bullish but varies on the immediate catalyst, with most pointing to Western investor participation as the missing ingredient.
Preview:Ken Hoffman argues gold is in a structurally bullish regime and could reach US$10,000 long term, with even higher numbers possible if dollar weakness, de-dollarization, and central-bank buying continue. He also likes copper long term on electrification and AI-driven power demand, but sees a difficult 6-18 month stretch for copper and a still-unsure near-term setup for the broader resource complex.
Preview:Charlotte McLeod of Investing News Network provides a weekly mining industry roundup: gold breaking above $3,400/oz driven by USD weakness and Fed turmoil (Trump attempting to remove Fed Governor Lisa Cook); the US Interior Department's draft critical minerals list adding silver and other commodities; and Sweden proposing to lift its uranium mining ban amid supply constraints from Kazatomprom and Cameco.
Preview:John Hathaway argues gold’s rally is being supported by U.S. fiscal stress, heavy Treasury issuance, pressure on Fed independence, geopolitics, and ongoing de-dollarization. His key forward-looking point is that a major equity drawdown and a broader loss of faith in mainstream market allocations could be the underpriced catalyst that drives gold and gold miners much higher.
Preview:Tavi Costa argues gold is consolidating after a strong run, but the bigger move is in the next layer of precious metals and hard assets: silver, junior miners, emerging markets, and eventually copper. His core macro thesis is that U.S. twin deficits, a likely dollar decline, and political pressure on the Fed will eventually push rates lower and support a broader reflationary trade.
Preview:Charlotte Mloud interviews Stephan Gleason of Money Metals about why gold is still, in his view, early in a long bull market, why Western retail participation has been weak, and why central banks and Asia remain the main demand drivers. He also argues silver is entering a catch-up phase, platinum is a small but interesting diversifier, and royalty/streaming names may benefit from new capital like Tether’s stake in Elemental Altus.
Preview:Matt Geiger of MJG Capital says the long period of outperformance in U.S. equities has set up a turning point for lagging assets like commodities, international equities, and smaller resource names. He argues the best returns in hard assets may still lie ahead, with the current market environment favoring juniors, royalty/streaming names, prospect generators, and selective copper and PGM exposure.
Preview:Danielle DiMartino Booth argues the latest inflation and labor data point to tariff-driven cost pressure colliding with weakening demand, not a healthy economy. She thinks the Fed is now more likely to cut rates, but the size and timing depend on the next payroll report and how many Fed dissenters emerge.
Preview:Weekly mining-industry roundup covering: the US gold tariff threat that spiked and then resolved, with Monetary Metals' Keith Weiner warning of lasting damage to COMEX hedging trust; hotter-than-expected July PPI igniting stagflation concerns and casting doubt on September Fed rate cuts; CATL's lithium mine shutdown in China boosting lithium miner stocks on supply-cut hopes; and Mitsubishi's $600M stake in Hudbay's Copper World project in Arizona.
Preview:Brien Lundin, editor of Gold Newsletter, argues that gold's sustained trading above $3,000 has created a psychological floor and that the junior mining sector is in the early stages of a generational bull market. He sees silver breaking toward $40, driven by monetary demand and an impending supply crunch from industrial absorption. He also discusses Fed rate-cut expectations as the current catalyst, the fading impact of gold tariff fears, and selective copper opportunities.
Preview:Keith Weiner of Monetary Metals discusses gold and silver in 2025, framing the gold bull market as a dollar bear market driven by unsustainable debt and monetary debasement. He sees interest rates inevitably falling — possibly violently — which would boost gold, though not in a straight line. Silver, he argues, faces structural headwinds from a softening labor market and industrial demand, though speculative sentiment could drive short-term pops. He expects silver to underperform gold medium-to-long term. He also analyzes the recent Swiss gold bar tariff scare as a market-structure disruption, not a price event.
Preview:John Kaiser argues gold is in a structural bull market driven less by Western ETF demand than by foreign official buying and a broader move away from the U.S.-led order. He is constructive on gold prices holding above $2,000, but says the biggest opportunity is in beaten-down junior miners—especially advanced projects and U.S.-focused names—where the market has not yet fully repriced the new gold regime.
Preview:Charlotte Mloud of Investing News recaps the week's top mining stories: gold gained on US tariff uncertainty and Fed rate-cut expectations after weak July jobs data; the Fed published a notable article on gold revaluation; China added gold for a ninth straight month and reportedly bought large platinum volumes; platinum broke out to decade-plus highs with lease rates still elevated; and First Quantum Minerals secured a $1 billion gold streaming deal with Royal Gold for its Cobre Panama (Kansanshi?) mine in Zambia.
Preview:A compilation of five expert opinions on silver's 2025 price outlook, drawn from recent interviews. The experts range from strongly bullish (Ted Butler calling "this is the moment") to cautiously optimistic with near-term reservations (Adrien Day, Rick Rule). Key bullish arguments include a five-year structural supply deficit, peaked miner production since 2016, and silver's historical undervaluation relative to gold. Bearish/cautious voices note that retail investor participation is still absent and that silver's byproduct-heavy supply structure makes it inherently volatile. The consensus tactical advice: start with physical metal before ETFs, futures, or mining stocks.
Preview:Jeff Rhodes, CEO of Goldstrom Advisory and a veteran London bullion trader since the 1970s, presents a structurally bullish case for precious metals driven primarily by Trump-era uncertainty, central bank dollar diversification, and gold's growing status as a reserve asset. He sees gold potentially reaching $3,750 by year-end and north of $5,000 by the end of Trump's term, with silver as the higher-beta play targeting $60/oz. He advocates a 10-15% portfolio allocation to physical metals, buying consistently on dips, and expresses particular enthusiasm for silver and platinum while remaining cautious on palladium.
Preview:Steve Barton is broadly bullish on commodities, but tactically he sees the near-term setup as mixed: gold may consolidate before resuming higher, silver looks like a real breakout but may pause, uranium equities may be due for trimming after a sharp run, and oil looks weak enough to create better entry points. His framework is mostly chart-driven, with fundamentals used mainly to decide which commodity or miner is favored and when to size in.
Preview:Peter Grandich argues the metals trade is still constructive despite gold’s pullback, with gold likely to stay above $3,000 and potentially reach $4,000–$5,000 over time. He is bullish on the miners, especially juniors, and says copper and uranium are the clearest “perfect storm” opportunities because of supply constraints, rising power demand, and growing institutional attention.
Preview:Joe Cavatoni of the World Gold Council argues gold’s first-half strength was driven mainly by market risk, uncertainty, and renewed ETF and central-bank demand. He says the next leg higher likely depends on clearer support from Fed easing, continued tariff-driven uncertainty, and a weaker confidence backdrop for dollar assets.
Preview:Charlotte McLeod of Investing News runs through the week's top mining stories: silver breaking above $39/oz with technical momentum pushing toward $40, MP Materials surging on back-to-back deals with Apple ($500M rare earth magnet supply) and the US Department of Defense ($400M equity stake + price floor), Barrick Mining potentially selling its Hemlo mine to Discovery Silver, and Rick Rule highlighting the rare earths space as misunderstood with 20-bagger potential.
Preview:Jeff Clark, founder of The Gold Advisor, discusses the ongoing gold bull market with Charlotte McLeod of Investing News. He sees $4,000 gold as possible by year-end, driven by debt/deficits, geopolitical risk, and recession potential — though he emphasizes preparation over prediction. Gold stocks are bifurcated: discoveries and near-production stories are being rewarded, while advanced explorers with large resources lag. Silver is poised to catch up, with the gold/silver ratio near 90 and ETF investment in H1 2025 already exceeding all of 2024. He highlights strong producer cash flows, rising financings, and M&A as bullish signals, and notes that GDX and GDXJ outperforming gold confirms the bull market.
Preview:John Feneck stays constructive on the precious-metals complex and mining equities, with gold consolidating near $3,100-$3,500, silver leading the next leg higher, and copper/platinum providing additional upside and stock-picking opportunities. He emphasizes active management, near-term catalysts, and balance-sheet quality over a blanket buy-the-sector approach.
Preview:Scott Melbye, EVP at Uranium Energy Corp and president of Uranium Producers of America, paints a highly bullish uranium picture. He argues the supply-demand deficit, pro-nuclear US executive orders, data-center power demand, and utility under-contracting create a setup for "epic" returns in 2025. UEC is ramping US production with 24 active rigs and pursuing a license amendment for its Sweetwater project. The spot price has recently stirred after the SPUT financing, and Melbye expects robust price improvement through year-end.
Preview:Charlotte Mloud interviews Rob McEwen about gold, copper, mining policy, and McEwen Inc.'s project pipeline. McEwen remains structurally bullish on gold, argues geopolitics, debt, and currency dilution are still the key drivers, and says mining capital is likely to rotate into juniors and explorers as consolidation picks up.
Preview:Shane Williams, CEO of West Red Lake Gold Mines, sees gold consolidating around $3,300 before climbing above $4,000 within 6–8 months, driven by continued central bank buying and a rotation of institutional money out of overvalued equities into gold. He highlights West Red Lake's fast-track restart of the Madsen mine (now producing, targeting 60–65k oz/year in 2025), the new Rowan PEA as a high-grade satellite feed, and a hub-and-spoke strategy to build a mid-tier producer. He notes gold-sector M&A is more strategic this cycle and money is more discerning — favoring near-term producers with credible teams.
Preview:Andy Schectman lays out a comprehensive thesis that the global financial system is in the midst of a structural reset, driven by BRICS+ infrastructure (MBridge, the Unit settlement currency, multi-jurisdictional gold vaults) that is building a dollar-alternative payment system. He argues the US is knowingly importing massive amounts of gold and silver as preparation, and that Trump may be accelerating the reset intentionally — potentially issuing gold-backed 50-year Treasuries on July 4, 2026. On silver, he presents a military-industrial-complex suppression thesis: eight Western banks hold a massive naked short position to keep silver cheap for weapons manufacturing, and BRICS nations are now standing for delivery, breaking the scheme. He calls silver the most undervalued asset of a generation.
Preview:Dr. Nomi Prins argues that gold, silver, uranium, copper, and rare earths are entering a new regime she calls a “real asset uprising,” driven less by inflation alone than by geopolitics, supply-chain control, and government policy. She is constructive on the whole complex, with gold as the clearest monetary anchor, silver as both a safe-haven and industrial metal, and uranium/copper/rare earths as strategic inputs tied to energy, defense, and industrial policy.
Preview:Rich Checkan argues that gold is still cheap and silver is even cheaper despite gold near all-time highs, because Western investors are still largely absent while central banks keep buying. He says the main near-term signal to watch is the gold-silver ratio and premiums: when premiums rise and the ratio falls below 80, it would indicate Western investment demand is finally returning.
Preview:Dana Samuelson argues gold can still reach $4,000 this year, and maybe more over time, because the weaker dollar, tariff uncertainty, and a shift in safe-haven behavior are all supporting it. He is even more constructive on silver, calling it the better near-term opportunity after a technical breakout above $35, while also favoring platinum and palladium as catch-up trades.
Preview:Adrian Day argues gold still has strong upside because central banks remain the dominant buyers, North American investors are only beginning to return, and the macro backdrop is turning more favorable for precious metals. He sees any near-term pullback as a buying opportunity, with gold stocks and royalty names still attractive on improving margins and valuations.
Preview:Mani Alkhafaji of First Majestic says silver’s move is being driven by a long-running supply deficit, not a short-lived squeeze. He argues $30 is now a new base, sees more upside if silver starts catching up to gold, and points to First Majestic’s expanded production, lower costs, and acquisition-led growth as reasons the company is increasingly leveraged to the metal.
Preview:Ted Butler argues that gold remains supported by central-bank buying, dollar weakness, inflation, geopolitical distrust, and U.S. debt, while silver is at an inflection point after breaking technical resistance and should begin outperforming gold. He also sees platinum as structurally tight, but says it may need to consolidate after a sharp run.
Preview:Rick Rule argues the gold bull market is still in an early-to-middle stage, with gold leading first, then large producers, then broader equities, and eventually silver and selected small miners. He says the most attractive opportunities remain in hated, off-radar resource sectors such as oil and gas, rare earths, platinum/palladium, and a few ASX-listed juniors, while warning that many of these ideas require patience, volatility tolerance, and jurisdictional risk acceptance.
Preview:Lobo Tiggre discusses copper's 50% Trump tariff shock, explaining it as likely inflationary and revenue-driven but not supply-creating. He remains long-term bullish on copper despite near-term caution, flagging the NY/London alligator-jaw spread. He analyzes platinum's 55% YTD surge versus silver's stall at $37, sees gold as structurally supported by fiscal dominance but acknowledges a CPI-adjusted high near $3,500, and views uranium's post-Kramer pullback as a potential buying opportunity. Core message: don't underestimate Trump shock; build cash for volatility-driven entry points across copper, gold, and uranium.
Preview:Mark O'Byrne lays out a deeply bullish gold and silver thesis rooted in fiat currency debasement, central bank buying, and unsustainable global debt. He frames gold not as an investment but as money/savings, projects $10,000/oz gold in the next few years (with a $6,500–$27,000 range depending on the model), and sees silver at $100–$150/oz with a possible spike to $250. Retail hasn't arrived yet — and when they do, the bull market will be closer to its end.
Preview:Bert Dohmen argues the US economy is weakening beneath fake government statistics, with real job losses exceeding 720,000 in six months and record-high credit card and student loan defaults. He sees the stock market's narrow new highs (only 8-10% of stocks participating) as a classic bull trap. His core thesis: gold and silver are in a secular bull market with ~6 years left, driven by inevitable central bank money creation to service unpayable debts. He favors physical metals over mining stocks (though miners may have a ~1-year catch-up window) and urges extreme caution — no leverage, high cash allocations, and defensive positioning.
Preview:David Erfle argues the big picture for gold is still constructive, but the metal has become due for a healthy consolidation after an extreme run. He sees silver as the more interesting near-term breakout, copper as increasingly supply-tight, and gold stocks—especially later-stage juniors and names like Newmont—as the best way to express the theme once western investors rotate back in.
Preview:Weekly mining news roundup covering: gold's drop from $3,400 to ~$3,300 after the Israel-Iran ceasefire announcement; silver breaking above $36/oz with Wheaton Precious Metals CEO Randy Smallwood arguing silver has stronger fundamentals than gold; platinum surging above $1,400/oz for the first time since 2014 on supply deficits, jewelry substitution, and US tariff-driven imports; and Germany/Italy facing political pressure to repatriate gold stored at the New York Fed. Includes a teaser for upcoming Rule Symposium coverage.
Preview:Charlotte Mloud interviews John Ciampaglia of Sprott Asset Management about the recent SPUT financing, the uranium spot-price pop, utility buying, short interest, and whether the sector is turning a corner. Ciampaglia argues the capital raise both refilled SPUT’s balance sheet and created a bullish catalyst, while improving policy clarity, seasonal demand, and short covering are helping uranium stocks recover.
Preview:Randy Smallwood argues that gold still has room to run, driven by Western investor catch-up, persistent geopolitical stress, weak confidence in fiat currencies, and continued central-bank demand. He is also constructive on silver and platinum, while framing Wheaton Precious Metals as a lower-risk way to gain exposure to precious metals through high-quality streaming assets.
Preview:Chris Temple argues gold is reasserting itself as the main safe haven because Treasury bonds and the dollar are no longer doing the job, while fiscal weakness, geopolitical shocks, and persistent inflation keep pressure on rates. He is constructive on gold, uranium, and select gold stocks; more cautious on silver near term, though still bullish longer term.
Preview:A weekly mining-industry roundup covering gold's pullback after a geopolitical spike and the Fed's rate hold, silver's breakout to a 13-year high above $37/oz driven by a structural supply deficit and investor demand, and renewed spot uranium activity following a $200M financing deal. The host, Charlotte McLeod, weaves in short interview clips with Chris Temple (on Fed policy and the 2% inflation target), Peter Krauth (on silver's "perfect storm" setup), and Jeffrey Christian (on silver's bumpy near-term path).
Preview:Jeffrey Christian argues that gold’s recent strength is being driven less by the headline Middle East shock than by a broader mix of geopolitical risk, worsening economic data, tariff uncertainty, and persistent demand for gold and Treasuries as safe-haven assets. He thinks the U.S. economy is deteriorating, the Fed will hold rates this week but sound more worried about weakening growth, and gold may still see some summer softness even if the pullback is shallower than he previously expected.
Preview:Frank Holmes is broadly bullish on gold, silver, Bitcoin, and data-center/AI infrastructure, arguing that geopolitics, de-dollarization, and rising physical demand support higher prices. His headline calls are $4,000 gold first, then $6,000 before Trump’s term ends, with silver potentially reaching $100 and Bitcoin continuing to benefit from adoption and ETF flows.
Preview:This interview argues that gold’s rally is being driven mainly by central-bank buying and retail bar-and-coin demand, especially in emerging markets, while gold miners have lagged badly and still look cheap on their own earnings power. The managers think that disconnect is likely to close as cost pressures ease, free cash flow stays strong, and more generalist capital rotates into the sector.
Preview:Peter Krauth argues silver's move above $35 is real, driven by a structural supply deficit, flat mine supply, shrinking above-ground stockpiles, and growing industrial/investment demand. He maintains his $40 year-end target with upside to ~$44 if central banks capitulate on rate cuts. He sees the gold-silver ratio falling from ~92 toward 60 (or lower), supporting silver above $45. Silver stocks are exploding — one pick doubled in under two weeks — and he expects the SIL/silver ratio to continue showing equity leverage over the metal.
Preview:JP Cortez argues the U.S. should fully audit its gold reserves because the current process has not met modern audit standards and leaves open questions about whether the gold is physically present, whether it is pure enough for market use, and whether it is actually owned outright. He frames the issue as both a transparency test for the U.S. government and a broader sound-money signal at a time when gold is rallying and other countries are looking for alternatives to the dollar.
Preview:Mario Innecco argues gold is still early in a new bull-market leg—“maybe the third inning”—and that central-bank buying, sanctions-driven reserve diversification, Basel III, China’s gold demand, and rising debt burdens all point to higher prices. He is similarly constructive on silver, but says patience is needed until a breakout above roughly 35, while miners offer upside with more risk than physical metal.
Preview:Chris Blasi of Neptune Global reiterates his long-standing thesis that gold remains in the third leg of a secular bull market that began around 2001, with the parabolic blow-off phase still ahead. He sees central bank buying, sovereign wealth funds, and currency debasement as primary drivers, while retail participation remains historically low — a contrarian bullish signal. Silver is a "coiled spring" that will eventually catch up but may take years; platinum is seeing early sovereign accumulation. Blasi sets a near-term gold target of $3,500 by year-end, expects bond yields to rise, and warns that unpayable global debt makes currency devaluation inevitable.
Preview:Justin Huhn argues the uranium market is still early in a multi-year bull cycle because demand has been de-risked while supply remains far more fragile than it looks. He says Trump’s nuclear executive orders, AI/data-center buildout, utility contracting behavior, and repeated project delays all point to a physically tight market that should force higher prices later in 2025 and beyond.
Preview:Adam Rozencwajg argues that gold, silver, platinum group metals, and uranium are all still in constructive bull markets, with gold and gold stocks having more upside because Western investors have not yet returned. He is especially bullish on platinum group metals because low prices have crushed supply and EV fears have been overdone, while uranium remains tight despite noisy hedge-fund flows and should move toward higher prices as the market normalizes.
Preview:Charlotte McLeod presents Investing News Network's weekly mining roundup covering gold's tariff-driven volatility, Glencore's coal/ferroalloy asset restructuring that may revive Rio Tinto merger talks, Anglo-American's spin-off of its platinum unit Valterra Platinum, and platinum's breakout toward $1,100/oz — supported by a clip from WPIC's Edward Sterck arguing a "perfect storm" of supply deficits and rising jewelry/investment demand.
Preview:Edward Sterck of the World Platinum Investment Council discusses platinum's increasingly tight fundamentals: three consecutive years of deep deficits, mine supply at multi-decade lows, surging Chinese investment and jewelry demand displacing gold, and the depletion of above-ground stocks toward unsustainable levels. He describes a "perfect storm" forming and notes that during London Platinum Week, prices finally broke through the upper end of a long-standing range, though he stops short of calling a structural breakout.
Preview:Larisa Sprott, president of Sprott Money and co-founder of Argo, argues gold and silver are early in their cycle, with "smart money" — central banks, institutions, and high-net-worth investors — buying first before the masses follow. She attributes gold's recent pullback from $3,500 to the US-China 90-day trade truce temporarily luring investors back to equities, but sees uncertainty returning. Silver is flagged as undervalued with a favorable gold-silver ratio. The interview also covers Argo's digital gold platform built on blockchain with Royal Canadian Mint custody, now offering physical delivery via Sprott Money, targeting younger investors.
Preview:Rick Rule argues that the US, Canada, uranium, gold, and silver are all in structurally important transitions, but he is most constructive on resource equities. He sees US sovereign credit as deteriorating, expects the dollar to lose purchasing power over the next decade, remains bullish on gold and gold miners, thinks uranium’s contract market has improved materially, and calls silver a later-stage but potentially explosive opportunity.
Preview:A weekly mining-industry news roundup covering gold's price rally to ~$3,340, US bond market turmoil after a weak 20-year auction, the Moody's downgrade of US debt from AAA to AA1, the passage of Trump's "one big beautiful bill" through the House, and an ECB report suggesting gold could pose financial stability risks. Includes a brief clip of Rick Rule criticizing Moody's as too generous on US debt. Closes with strong Chinese gold import data (127.5 mt in April, an 11-month high).
Preview:Joseph Schachter argues oil has already moved from a weak spring range toward a stronger second-half setup, with the biggest upside coming from Venezuela sanctions, a likely Iran sanction path, and low global inventories. He sees $70 by end-Q3 and an $80 handle in Q4, and says any near-term dip below $60 would be a buying opportunity rather than a reason to sell.
Preview:Peter Goodburn argues that gold is near a medium-term top and likely to correct before later resuming a final longer-cycle advance, while silver is unusually undervalued versus gold and offers better upside once the ratio turns. He is bullish on U.S. equities in the near to medium term, sees rare earths as a strong tactical opportunity, and remains constructive on crude oil later in the cycle, but not yet for immediate buying.
Preview:Don Hansen argues that gold is in a rare “holy grail” setup because three forces are aligned at once: long-run money-supply growth, a vulnerable and overvalued U.S. stock market, and heavy central-bank gold buying. He says that combination has never fully lined up before, and that the next leg higher could accelerate sharply when equities finally roll over and capital rotates into gold and miners.
Preview:Eric Nuttall argues that oil sentiment remains very weak, but fundamentals are still constructive over the medium term because US shale growth is slowing and OPEC+ is adding barrels in a way that can force lower prices to rebalance supply. Near term, he says demand uncertainty from tariffs and recession fears makes oil less conviction-friendly than natural gas, which he prefers because LNG growth, Canadian export capacity, and data-center demand create a simpler and more durable setup.
Preview:Gary Savage argues gold remains in a multi-year bull market, but near term he expects a normal corrective phase after the recent surge. He is bullish on gold longer term, thinks silver is still being suppressed and may need another cycle before it breaks out, and sees stocks and Bitcoin as having more upside over the next several weeks while the dollar likely rallies temporarily.
Preview:John Feneck argues gold remains structurally strong despite a possible pause, silver is finally beginning to catch up from a long ratio-driven lag, and mining/critical-minerals juniors are getting a major tailwind from higher metal prices, better earnings, and a more supportive U.S. policy backdrop. He is especially constructive on U.S.-linked projects and names several small-cap gold, silver, and critical-minerals stocks he is watching or buying.
Preview:Joe Cavatoni of the World Gold Council lays out the Q1 2025 Gold Demand Trends report, arguing that gold's surge past $3,500/oz is fully supported by fundamentals. Central bank buying (led by Poland, China, Kazakhstan), resurgent ETF flows (especially Asia and North America), and steady technology demand form a three-legged demand base. Higher prices have dented jewelry, as expected. He flags tariff uncertainty as the main supply-chain risk and sees no near-term catalysts to derail gold's momentum.
Preview:Gareth Soloway argues gold is in a normal short-term pullback after a strong 2025 run, but remains a long-term bull. He is constructive on gold miners, cautious on silver until macro conditions improve, bearish on the stock market and U.S. dollar, and expects tariffs, higher yields, and slower growth to keep pressure on risk assets. He also likes Bitcoin long term but thinks it may offer better entries later this year, and says he is hiding in safer, lower-valuation names like Pfizer and select non-U.S. assets.
Preview:Charlotte Mloud of Investing News runs through the week's biggest mining stories: gold pulling back from $3,500 to ~$3,200, with Gareth Soloway calling it a normal retreat and maintaining a mid-to-long-term bullish view supported by historical bull-run percentage analogs that project a potential $7,000 target. The Fed meeting (May 6–7) is the near-term focus, with rates expected to stay flat despite GDP contracting 0.3%. The US–Ukraine critical minerals deal was signed April 30, establishing a 50/50 reconstruction fund from new resource licenses, though geological data gaps remain.
Preview:John Rubino argues gold remains in a strong bull market because of central-bank and bank buying, geopolitical chaos, and a likely broader monetary reset. He is similarly constructive on silver and gold miners, while warning that recession risk, banking stress, and a possible market drawdown could create both dangers and opportunities.
Preview:Vince Lanci argues gold is being driven by geopolitics, de-dollarization, and a longer-term inflation reset, with China increasingly setting the price via Shanghai rather than COMEX. He also thinks Powell is holding rates because bond-market stress and foreign selling make easing dangerous, and he sees silver as lagging but eventually benefiting once gold’s move broadens.
Preview:Chris Vermeulen says gold is still in a bull market but likely entering a blow-off/toping phase, with a near-term pullback possible before a much larger multi-month correction. He is bearish on the stock market and bonds, cautious on silver and miners until a reset, and sees cash and physical gold as the main current defenses, with Bitcoin as a possible tactical wildcard.
Preview:John Ciampaglia, CEO of Sprott Asset Management, discusses gold's "extreme" 30% rally in early 2025 on top of last year's 27% gain. He frames the move as driven by unprecedented policy uncertainty under the Trump administration — tariffs, trade war, Fed independence concerns, and bond market stress — with gold benefiting as the one safe haven that's working while Treasuries and the dollar are not. He argues the gold trade is not crowded (ETF allocations at ~2% vs 8% at the 2011 peak), Western investors are just starting to re-allocate, and gold stocks are finally delivering operating leverage. He sees stagflation risk as the key macro concern and warns of a potential bond market spiral if foreign holders balk at US debt.
Preview:Weekly mining news roundup covering gold's volatile week: a record spike to ~$3,500/oz followed by a sharp pullback below $3,300. The host presents two narratives — Trump-Powell tensions as the immediate trigger versus a broader structural thesis (trade war, de-dollarization, geopolitical fragmentation) from Vince Lanci. Also covers two gold-sector M&A deals: Barrick selling its 50% Donlin stake for $1B, and COC Group acquiring Lumina Gold for C$581M.
Preview:Chris Marcus argues silver and gold are being driven less by a clean precious-metals narrative and more by tariff chaos, dollar weakness, bond-market stress, and signs of tight physical supply. He thinks silver remains volatile and somewhat constrained by its industrial use and a large bank short, while gold is benefiting from central-bank/institutional demand and a broader loss of confidence in policy coherence.
Preview:John Feneck argues the gold backdrop has turned extremely favorable: gold has already exceeded his prior $3,200 target, major banks are raising forecasts, and he thinks miners are finally beginning to catch up. He also says tariffs, China tensions, and critical-mineral shortages are reinforcing the case for gold and select mining stocks, while broad U.S. equities remain unattractive to him.
Preview:Ole Hansen argues gold remains the clearest safe-haven trade in a volatile 2025, with a $3,300 target still intact despite a sharp but shallow correction. He is constructive on copper longer term because electrification and supply constraints should offset tariff noise, cautious-to-neutral on silver after a brutal deleveraging, and only modestly bearish on oil, seeing downside capped unless recession pressure deepens.
Preview:A weekly mining-news wrap anchored on gold's volatile week: an early dip below $3,000 driven by broad liquidation, followed by a sharp recovery to a new all-time high above $3,185 after Trump's 90-day tariff pause. Two expert clips — Gary Wagner and Will Rhind — argue the pullback was normal and gold remains undervalued on an M2-ratio basis despite the new nominal high. The host also catalogs the fast-moving tariff developments (China at 145%, Canada/Mexico exceptions, car/steel/aluminum tariffs unchanged) and notes that lingering policy uncertainty keeps the gold outlook bright.
Preview:Will Rhind, CEO of GraniteShares, discusses gold's recent all-time high after a sharp tariff-driven selloff and quick rebound. He frames gold's rally as driven by a newly arrived "fear premium" (investors worried about return OF capital, not return ON capital) combined with expanding global M2 money supply — which he argues makes gold still look undervalued relative to paper currency debasement. He also covers the confusing tariff endgame, the inflation-vs-deflation paradox of tariffs, recession risk as a function of lost confidence, the Fed's dilemma with rising bond yields during a cutting cycle, and a briefer take on silver benefiting from gold correlation but vulnerable to recession on the industrial side.
Preview:Gary Wagner explains gold's ~$180 three-day decline as a technically normal 61.8% Fibonacci correction within an ongoing bull trend, driven by forced liquidation across assets rather than fundamental weakness. He sees gold maintaining long-term purchasing power as fiat currencies inevitably depreciate, and advocates a consistent allocation to physical gold for wealth preservation.
Preview:Dr. Phil Magness argues Trump’s new tariff rollout is less a coherent policy than a shifting mix of justifications, and that the way it was designed and announced could intensify recession risk. He says tariffs are likely to raise prices on imported goods and tariff-dependent domestic products, while also creating uncertainty that hurts planning, investment, and markets. He sees gold as a relative safe haven and expects retaliation and trade diversion to reshape global trade flows if the policy persists.
Preview:Christopher Aaron, founder of iGold Advisor, presents a structurally bullish thesis on gold driven by a newly confirmed breakdown in the Dow-to-Gold ratio — a signal that has only appeared four times in 125 years. Gold is in "blue sky territory" with no visible resistance, and he expects gold to outperform equities for an average of 8 more years. Gold stocks and silver remain frustrating laggards but should eventually catch up as the generalist investor wakes up to the regime shift. He names Sirios Resources (SOI) and Providence Gold (PAOU) as speculative junior miners trading at deep discounts to the value of their gold in the ground.
Preview:This weekly mining-update episode covers gold's surge to a new all-time high above $3,160/oz, the subsequent pullback triggered by Trump's April 2 "Liberation Day" tariff announcement, and the details of the tariff policy. The host presents two opposing expert views on whether tariffs are inflationary: Keith Weiner (Monetary Metals) argues they create a "three-punch" inflation force via higher manufacturing costs, deportations driving up labor, and higher rates hiking automation financing costs; Jim Thorne (Wellington-Altus) counters that tariffs only shift relative prices, not the general price level, and are therefore not inflationary. Gold bullion is confirmed exempt from tariffs, which is cooling the London-to-New York gold flow.
Preview:Jim Thorne argues that the world is moving from a U.S.-anchored unipolar system to a more multipolar one, and that this shift is bearish for the dollar and Treasury primacy but bullish for gold, Bitcoin, select commodities, and AI-linked growth equities. He thinks tariffs are mainly a negotiating tool and says they slow growth more than they raise general inflation, which should push the Fed and the Bank of Canada toward easier policy later this year and into 2026.
Preview:Byron King argues that gold’s move is being driven primarily by central-bank buying and broader distrust in the monetary system, while miners are only now catching up because profits are finally showing through. He says the tariff headlines matter less than the underlying fear trade, and he remains constructive on gold, silver, copper, select gold miners, and some critical-mineral names.
Preview:David Morgan argues the March 31 “silver squeeze 2.0” is unlikely to matter much tactically, because retail silver demand looks weak, premiums have hurt buyers, and the current setup lacks the kind of fresh momentum that powered the earlier squeeze. He is much more constructive on the longer gold/silver backdrop: gold is breaking to new highs as central banks buy and the dollar weakens over time, while silver has both industrial demand and a potentially large short-interest pressure point that could still produce a surprise rally.
Preview:Charlotte McLeod of Investing News Network recaps a big week for gold (new all-time high near $3,060/oz), copper (COMEX futures hit an all-time high), and silver (building momentum ahead of a social-media-driven "Silver Squeeze 2.0" planned for March 31). She cites three external voices: Dana Samuelson on why gold won't face tariffs, Danielle DiMartino Booth on the risk of 4–5 Fed cuts in 2025, and a tease for an upcoming David Morgan interview on silver.
Preview:Danielle DiMartino Booth argues the US economy is at a precipice: bankruptcies and layoffs are accelerating, the Fed may be forced into 4-5 rate cuts this year (not 2), and tariffs are proving disinflationary—not inflationary—because consumers can't absorb higher prices. She sees a recession already underway and advises defensive positioning, watching real-time data over narrative.
Preview:Joe Cavatoni argues gold’s break above 3,000 is a sustainable milestone driven by a mix of portfolio risk, geopolitical and trade uncertainty, a softer dollar, and steady central-bank and ETF demand. He says the move is not just speculative momentum: investors are adding allocations again, the Fed is on hold with cuts still possible, and gold continues to serve as a hedge while risk assets have come under pressure.
Preview:Keith Weiner argues that gold remains a buy-the-dips market and that the recent surge is being driven less by pure price speculation than by tariff risk, basis/spread dynamics, and growing credit fear. He expects gold to trade substantially higher over time, sees silver as directionally supported but weaker than gold, and warns investors to avoid leverage and debt in a potentially shock-prone environment.
Preview:Jordan Roy-Byrne argues that gold’s 13-year cup-and-handle breakout last year marked the start of a major secular bull market, with the most important confirmation now coming from gold breaking out versus the S&P 500 and the 60/40 portfolio. He thinks the setup for gold stocks is especially strong because the inflation-adjusted gold price is nearing a 45-year base breakout, valuations remain low, money is just beginning to rotate into miners, and developers/junior producers with real mines under construction may offer the best risk-adjusted upside.
Preview:A compilation of five expert interviews from PDAC 2025 and other venues on how Trump-era tariffs are reshaping metals markets. Experts generally oppose tariffs as economically harmful, note that copper tariffs would be "perverse" given US supply deficits, see gold miners as relatively insulated, and advise investors to use volatility-driven pullbacks as buying opportunities. The consensus is that tariff uncertainty is itself the primary near-term market force.
Preview:Don Hansen revises his earlier view that the US election didn't matter: the political incentive structure makes a 2025 recession highly probable (75–90%) as the new administration front-loads pain. He sees gold continuing to rise on money-supply tailwinds and central bank buying, while the overvalued S&P 500 is set to fall. He details four gold-producer stocks he owns — K92 Mining, G Mining Ventures, Aris Mining, and Rio2 — favoring producers with internal growth projects over explorers, using an expected-value framework. The conversation closes on the unsustainability of US debt and the demographic headwind complicating the fiscal picture.
Preview:Randy Smallwood, CEO of Wheaton Precious Metals, argues that gold’s breakout above $3,000 is being supported by central-bank buying, renewed Western investor interest, and broad macro anxiety rather than a fleeting spike. He is more constructive on the miners than the typical market narrative, but says the sector must now “deliver” through strong results and cash flow before the broader equity rerating fully follows.
Preview:Nolan Watson argues gold is in a long-term cycle reset upward, with higher prices supported by de-dollarization, limited gold supply, and growing global demand. He says Sandstorm Gold is well positioned because its diversified royalty/streaming portfolio should more than double production over five years while the stock remains discounted.
Preview:Dana Samuelson of American Gold Exchange explains the massive flow of physical gold and silver from London to New York driven by tariff-premium arbitrage. He argues silver is far more vulnerable to a supply shock than gold, with London inventories down 30-40% vs. gold's 3-4%. Gold outlook: $3,300–$3,500 in 2025, supported by central bank buying, dollar weakness, and a floor at ~$2,800. Silver is the "metal of opportunity" — undervalued at a 90:1 ratio, potentially running to $42–$50. He sees the tariff-driven gold flow trade winding down as premiums and lease rates normalize, but warns a recession could change the picture.
Preview:Rob McEwen, chairman of McEwen Mining, reaffirms his US$5,000/oz long-term gold target in an interview with Charlotte McLeod of Investing News. He cites government debt, currency debasement, central bank buying, Chinese insurance gold allocations, and London delivery delays as key drivers. He discusses tariffs (supportive of Trump's wake-up call to Canada), Argentina's improving mining jurisdiction for the Los Azules copper project, an upcoming copper IPO, company production growth plans, and his view that junior gold miners are undervalued relative to the gold price.
Preview:Guy Le Page, director at RM Corporate Finance, discusses the Australian vs. Canadian mining financing divide from PDAC. He sees copper and uranium as his top focus, notes Australia's retail-driven junior market is much healthier than Canada's (where sub-$5M raises are difficult), and argues Canada needs short-selling reform and faster permitting. He expects uranium to have "another run next year" and flags nickel as a contrarian opportunity. Jurisdictional risk in West Africa and South America gets attention, as do cultural differences between ASX and Canadian markets.
Preview:New Zealand Resources Minister Shane Jones sits down with Charlotte McLoud at PDAC 2025 to declare that NZ mining is "open for business" after a decade-plus government absence from the conference. He outlines a newly passed fast-track permitting law, a revised critical minerals list that now includes gold and metallurgical coal, and a target to grow mineral exports to NZ$3 billion. Jones is blunt about rolling back what he calls 20–30 years of environmental orthodoxy, warns that banks have swallowed "climate Kool-Aid," and signals potential future deep-sea mining of iron sands rich in vanadium and titanium.
Preview:Per Jander argues uranium remains in the very early stages of a cycle: term pricing is firm, spot is unusually weak, and a rebound in spot looks likely as carry trades re-enter and utility contracting eventually catches up. He sees strong demand across reactor restarts, life extensions, new builds, and AI-driven load growth, while supply remains constrained by delayed restarts, conversion/enrichment bottlenecks, and logistics/geopolitical friction.
Preview:Jeffrey Christian argues that gold and silver remain in a longer-term bull market, driven mainly by political/economic anxiety and investor demand, while near-term price action could soften seasonally in the second and third quarters. He also says the recent movement of gold from London to New York is not evidence of a London shortage, but mostly reflects stronger North American demand and some central-bank storage preferences.
Preview:Brian Leni of Junior Stock Review recaps his recent mining stock wins (G Mining, Montage Gold — both ~300% returns) and lays out his current deployment strategy. He remains heavily allocated to precious metals, favors prospect generator companies for their downside protection and discovery upside, and is hunting for "X-factor" catalysts the market hasn't priced in — citing Orion Resources' JV with B2 Gold as a live example. He expects 2025 to bring a wave of M&A targeting development-stage gold assets, driven by strong producer cash flows at near-$3,000 gold. On gold equities broadly, he attributes the disconnect between rising bullion and lagging stocks to absent retail investors, distracted by crypto and tech, while central bank buying drives the metal.
Preview:John Feneck argues the gold backdrop has rarely looked better: gold has broken out, pullbacks are just pauses in a long-term trend, and the big banks' $3,000 calls are likely conservative. He pairs that with a list of gold and critical-mineral equities he thinks are still underappreciated, while also warning that mining stocks remain hard to navigate because of patience, short-selling issues, and poor sector visibility.
Preview:Will Middelkoop argues that gold, silver, and select commodities are in the early stages of a long bull market driven by chaos, central-bank buying, inflation risk, and supply shortages. He says large gold miners are already minting cash while juniors remain cheap and fragile, but expects a delayed catch-up as generalist investors rotate in.
Preview:Edward Sterck of the World Platinum Investment Council discusses the WPIC's latest quarterly report. Platinum posted a ~1M oz deficit in 2024, driven partly by tariff-related metal flows into US exchange stocks, and is projected for a third consecutive deficit of ~848k oz in 2025. The deficit is structural and unlikely to be erased. Above-ground stocks are depleting faster than expected. The platinum price has been locked in a narrowing $900-$1,100 range for ~4 years while futures/options volumes surge, suggesting a breakout is approaching. Tariffs pose a modest downside risk (~97k oz worst-case) but also potential positives from ICE vehicle demand. Recycling supply remains depressed for unclear reasons, and jewelry demand is getting a boost as high gold prices push consumers toward platinum.
Preview:Garrett Goggin argues that gold mining stocks are profoundly undervalued — trading at "crash-type" valuations despite gold near $2,900/oz. He calls this a "stealth gold crash" where sentiment has collapsed (GLD and GDX shares outstanding have plunged) while free cash flow per share has soared. He sees the Buffett Indicator at a peak, signaling a secular shift from growth to value, and believes Newmont is so cheap that even Warren Buffett would find it attractive. He also expects Trump's administration to weaken the dollar and revalue gold, benefitting commodities broadly.
Preview:Chen Lin argues that 2025 favors gold, silver, and critical minerals, with the strongest near-term setup coming from supply bottlenecks, tariff front-running, and a renewed policy push around strategic metals. He is especially focused on first-mover critical-mineral names, gold miners with strong free cash flow, and silver companies that may be forced to hold physical metal.
Preview:Tavi Costa of Crescat Capital lays out a multi-layered bullish thesis centered on gold, silver, miners, and emerging markets. He argues the US is in a "chicken and egg" trap where it must lower rates to manage debt, which will weaken the dollar — the next catalyst for gold. Silver is poised for a major breakout on a quarterly close at record levels with the gold-to-silver ratio near 90. Miners are generating record free cash flow yet remain historically cheap relative to tech. He also flags zinc as an asymmetric opportunity and is extremely bullish on South America.
Preview:Lobo Tiggre discusses gold's paradigm shift driven by irreversible central bank buying and deglobalization, copper as his 2025 top pick but with a "H2 2025" entry timing preference, and uranium as an increasingly attractive contrarian opportunity. He sees gold as structurally bullish with limited downside, copper needing patience for a better entry, and the macro backdrop trending toward stagflation that could force the Fed into uncomfortable territory later this year.
Preview:Ray Goldie, outgoing PDAC president, discusses highlights from the 2025 PDAC convention, the two-year renewal of Canada's Mineral Exploration Tax Credit (METC), supply chain security, tariff uncertainty, youth engagement in mining, and his upcoming consulting work focused on mineral royalties as a funding mechanism for junior explorers.
Preview:Rick Rule argues the setup remains favorable for resource investors because exploration results are improving while the market is still not rewarding them. He is constructive on gold, silver, and select out-of-favor commodities and explorers, but he frames the move as a sign of dollar weakness and broader monetary deterioration rather than a simple bullish gold call.
Preview:Adrian Day argues gold's rise past $2,900 is driven primarily by central bank buying, with North American and European ETF inflows now joining. He dismisses the London-to-US gold flow as simple tariff arbitrage, not a deeper systemic issue. On copper, he's very bullish long-term due to supply constraints but recommends simplicity (Freeport-McMoRan, copper ETFs) over junior explorers. He expects the Fed to hold rates steady given rising inflation, and walks through the "Mar-a-Lago Accord" concept — a loose collection of Trump-era proposals that are, in his view, uniformly gold-bullish. His core thesis: gold stocks are at 40-year valuation lows with expanding margins, and the moment generalist investor interest returns, the sector will "fly."
Preview:Brien Lundin, editor of Gold Newsletter, argues gold's bull market has a long runway driven by unsustainable US debt and a fiat currency reset. The recent ~$100 pullback from +$200 year-to-date gains is healthy and expected. He sees $3,000 as a near-term magnet, with gold's ultimate move still ahead. Mining stocks showed encouraging leverage early in 2025 before the correction, and he views the current pullback as a window to position in junior miners — particularly those with large defined resources and silver juniors. He notes unusual physical gold and silver flows not fully explained by tariff fears, and highlights silver's tight physical supplies and growing industrial demand.
Preview:Peter Krauth argues the silver market is structurally very tight, driven by massive physical metal flows from London to New York amid tariff uncertainty, a fifth consecutive annual supply deficit, and rising investment demand. He maintains his silver price targets of $35 mid-2025 and potentially $40 later this year, expects a return of stagflation, and sees the Fed cutting rates later in 2025 despite persistent inflation — a move that would destroy Fed credibility and act as a powerful trigger for precious metals.
Preview:Charlotte McLeod and Georgia Williams of Investing News Network recap Day 2 of PDAC 2025. Georgia attended a Benchmark Mineral Intelligence side event covering critical minerals and battery supply chains: lithium outlook depressed through 2025, nickel oversupplied from Indonesia through 2035. Charlotte covered the show floor and interviews — silver calls from Peter Krauth ($35 mid-year, $40 H2), Jeffrey Christian's contrarian views, and a uranium interview with Per Jander. Key theme: patience on silver's breakout, battery metals near a bottom.
Preview:Joe Mazumdar, editor of Exploration Insights, discusses the gold price disconnect from equities, pent-up M&A following Newmont's divestiture overhang clearing, jurisdictional risks in Africa, AI-assisted resource evaluation, tariff/permitting uncertainty under Trump, and his preference for grassroots exploration over developers in the current environment. He remains commodity-agnostic but notes his portfolio is heavily geared to precious metals and has benefited from copper exploration discoveries.
Preview:A day-one recap from PDAC 2025 featuring Investing News editors Charlotte McLeod and Georgia Williams. They cover keynote themes (BHP's call for resource investment, indigenous relationships, Canada's mining role), a gold-vs-copper panel debate leaning gold, the METC two-year extension, AI in mining, and preview upcoming interviews with Rick Rule, Adrian Day, and others. Gold is the dominant topic; near-term tariff uncertainty and gold price pullback are noted but framed as non-concerning by floor experts.
Preview:Charlotte McLoud interviews Kevin Wadsworth and Patrick Karim about their thesis that gold is entering not just a bull market but a broader “bull era” driven by a capital rotation away from equities and toward precious metals and commodities. They frame the move as technical and relative-strength based: gold has begun outperforming money supply, the dollar, CPI/PPI, and multiple stock indices, while the S&P and Nasdaq are said to be the last major charts still needing to break down versus gold.
Preview:Yvonne Blaszczyk, CEO of BMG Group, argues gold is in a structural bull market driven by a global paradigm shift — central bank buying, unsustainable US debt, geopolitical realignment, and the BRICS push for a gold-backed currency. She forecasts $3,000 gold near-term and expects continued upside through 2025, with silver following. She frames Trump's first weeks as creating productive uncertainty for gold, views tariffs as temporary negotiating tactics, and dismisses conspiracy theories around the London-to-New York gold flow as simply banks arbitraging futures losses. She strongly advocates physical gold exposure through low-premium vehicles like her firm's mutual funds and Maple Leaf coins.
Preview:Charlotte McLoud of Investing News Network reviews the week's top mining stories: gold hits a new record above $2,950/oz, Elon Musk and Senator Rand Paul fuel calls for a Fort Knox audit, and President Trump says he'll go to Fort Knox — adding speculative fire to the gold narrative. She recaps her interview with Craig Hemke (TFMetalsReport), who argues the London-to-New York gold flow may be about US gold monetization rather than tariffs, and urges investors to watch central bank buying and physical supply/demand. Mining deals round out the update: Barrick's potential $438M Mali settlement, Anglo-American–Codelco copper JV, and Teck expressing openness to copper collaboration with Glencore.
Preview:Craig Hemke argues the recent surge in gold is not mainly about tariffs, but may reflect a deeper effort to onshore, audit, and potentially revalue U.S. gold reserves as part of a broader balance-sheet / debt-management plan. He ties the London-to-New York gold flow, delivery delays, and the Fort Knox audit chatter to the idea that authorities want to know what gold actually exists before any monetization or bond-backstopping scheme is attempted.
Preview:Adam Rozencwajg argues that the gold bull market is just beginning, with Western investors still under-allocated and central banks still supportive. He extends that framework to silver as a late-cycle catch-up trade and to uranium as a market where tightening supply, AI/data-center demand, and term-pricing strength point to another leg higher.
Preview:A weekly mining-industry news roundup covering gold's record breakout above $2,900/oz, new US tariff escalations under Trump, sticky inflation data (CPI/PPI), Powell's signal that the Fed is in no hurry to cut, and the emerging US-Ukraine rare earths/critical minerals deal negotiations.
Preview:Peter Grandich argues that gold’s move is being driven primarily by central bank buying, repatriation flows, and a broader shift of physical gold demand toward Asia, while Western financial advisors remain structurally underexposed. He is bullish on gold miners because at $2,800-$3,000 gold they should “print cash,” and he thinks major miners will use that cash flow and stock currency for acquisitions that eventually help the junior sector. He is also constructive on copper for 2025 because supply is tighter than the old “Dr. Copper” framework implies, while uranium has already run too far for him to be excited at current levels.
Preview:Charlotte McLeod of Investing News Network reviews a record-setting week for gold (breaking through $2,800/oz to $2,880), driven by safe-haven demand amid Trump tariff concerns and a massive physical gold shift from London to New York. She also covers China's retaliatory tariffs and export controls on critical minerals including tungsten, which sent Almonty Industries shares up ~50%.
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