Podcast
Palisades Gold Radio
Hosted by Collin Kettell · EN
Podcast by Palisades Gold Radio
10episodes
Episodes
Newest firstAll episodes
Michael Gentile: The Iran War to Accelerates Gold’s Rise & The Silver Bull-Thesis
6d ago00:58:49Tap to summarizeStijn Schmitz welcomes Michael Gentile to the show. Michael Gentile is Strategic Investor & Co-Founder, Bastion Asset Management. Gentile remains very bullish on precious metals, maintaining a five-to-ten-year investment horizon. He argues that short-term volatility in gold and silver does not alter the long-term macro thesis driven by unassailable U.S. debt levels. With U.S. debt approaching $40 trillion and interest expenses potentially consuming 40% of government revenues, Gentile sees currency debasement as the only path forward, which favors gold. He notes that while central bank buying has driven gold’s rise from $1,350 to over $4,000, mainstream investors still allocate only 1-2% of portfolios to gold, leaving significant room for a second wave of demand that could turbocharge prices. Gentile highlights a historic opportunity in gold equities, where producers are generating record free cash flow due to expanding margins—from $400 to $2,000 per ounce—while tech company free cash flow dries up. This undervaluation extends to junior miners, where he focuses on resource-stage companies with assets that can realistically become mines. He seeks companies trading at $20-$50 per ounce in the ground that could be acquired for $300-$500 per ounce as majors deploy their high margins. He stresses that most juniors will never become mines, so rigorous asset selection is critical. Beyond gold, Gentile discussed his first royalty investment in Silver Crown Royalties, attracted by its pure silver focus, cost-of-capital advantage, and ability to monetize byproduct silver from gold mines. He sees copper as having strong long-term supply-demand dynamics but finds better value in junior copper developers with buildable assets. He avoids niche commodities like tungsten due to unpredictable long-term pricing and stays away from short-term trading in oil and gas or fertilizer inputs, preferring deep, broad markets. Gentile announced a European roadshow in October, including a London conference featuring his top 20 portfolio companies. Timestamps: 00:00:00 – Introduction 00:01:05 – Bullish on Precious Metals 00:03:21 – Impact of Middle East Conflict 00:08:53 – US Government Debt Analysis 00:13:48 – Gold Trend & Value 00:15:40 – Gold Producers Opportunity 00:19:12 – Why Juniors Provide Leverage 00:24:52 – Recent Big Investments 00:30:10 – Silver Crown Royalties Position 00:34:47 – Silver Thesis 00:38:42 – Critical Minerals like Tungsten 00:42:33 – Oil and Gas Outlook 00:46:06 – Copper Market Analysis 00:51:15 – Coal and Other Commodities 00:56:21 – Roadshow and Newsletter Guest Links: LinkedIn: https://www.linkedin.com/in/michael-gentile-01028552 Website: https://www.bastion-am.com/ Mining & Metals European Roadshow: https://saturdaymorningmining.subscribepage.io/ Michael Gentile, CFA is Founding Partner & Senior Portfolio Manager at Bastion Asset Management. Before founding BAM, Michael was Vice President and Senior Portfolio Manager at Formula Growth Ltd for over 17 years. Michael co-managed the FG Alpha Fund (US SMid equity market neutral) between 2012 and 2018, co-managed the FG Focus Fund (US SMid long short strategy) between 2014 and 2018. Since leaving FG in 2018, Michael has been very successful investing in the gold sector also acting as Strategic Advisor and Director for several companies in the natural resource sector. Michael graduated with Great Distinction from the John Molson School of Business (Concordia University) with a Bachelor of Commerce (Finance) and received the Calvin Potter Fellowship from Concordia’s Kenneth Woods Portfolio Management Program. He also holds the Chartered Financial Analyst designation (CFA)
Transcribe →Clem Chambers: The End of Democracy, Oil ‘Screaming Buy’ Right Now & Gold To Continue To Crash
1w ago01:01:21Tap to summarizeStijn Schmitz welcomes Clem Chambers to the show. Clem Chambers is Author, Journalist and Founder/CEO of ADVFN. The discussion begins with current market volatility: gold is down roughly 30% from its January peak, and oil has cratered 40% from its March high. Chambers identifies the AI space as the major action now, though it recently corrected, and sees the previous gold rally as driven by fears of a China-Taiwan conflict, which has likely been postponed. He argues that gold’s price peak roughly a year out from a potential invasion window, and the sacking of Chinese generals suggests the army resisted such plans, removing that immediate geopolitical bid. He now sees a better floor for gold around $3,500 when inflation, not war, becomes the dominant driver. Chambers emphasizes a transformative global shift: America is abandoning globalization for “re-localization” and must reindustrialize to compete with China, especially in AI. He coins the phrase “electricity is destiny,” noting China has 250% more electricity, but America is now having a “Sputnik moment” and must go all-in on energy and AI or lose democracy. This energy build-out—nuclear, fossil fuels, infrastructure—creates massive long-term investment themes, though lags and government intervention pose risks. He is particularly bullish on platinum and palladium, noting tiny annual supply, Russian and South African geopolitical risks, and that much of the production is destroyed by catalytic converters, leaving no net accumulation. On precious metals, Chambers advises a 2.5–5% portfolio allocation, dollar-cost averaging into physical gold or ETFs, but warns miners behave irrationally and are difficult to understand. He also notes gold has a small inflationary overhang from 3,200 tons of annual mine supply. For viewers, Chambers highlights his free investment platform ADVFN, which offers real-time UK and soon US pricing with advanced tools, and his Substack and YouTube channel where he shares contrarian market thinking. The interview closes with the reminder that active economic participation puts investors on the upward leg of the K-shaped economy. Timestamps: 00:00:00 – Introduction 00:01:03 – Market Volatility and A.I. 00:09:40 – US-China Economies & Taiwan 00:14:15 – Reindustrialization Strategy 00:22:10 – Reserve Currency Debate 00:28:17 – Gold Supply Inflation 00:35:14 – Energy Dominance Thesis 00:40:09 – Platinum/Palladium Plays 00:43:30 – Energy Complex & Peace Deals 00:51:07 – WTI Price & Disruptions 00:57:00 – Concluding Thoughts Guest Links: Investment Platform: https://anewfn.com/ Website: https://www.clemchambers.com/ X: https://x.com/@clemchambers LinkedIn: https://uk.linkedin.com/in/clem-chambers-756145196 Clem Chambers is an author, journalist and founder/former CEO of ADVFN, Europe’s leading stocks and markets website. He is General Partner of Ylem Capital clem@ylem.capital. A sought after media commentator, Clem is a regular guest on major television networks including CNBC (US, Europe, Asia, Arabia), Al-Jazeera, BBC, BNN and Fox News. He has recently started ANewFN, providing tools for private investors. Clem writes for Seeking Alpha, Forbes and Engineering and Technology magazine and has written Nikkei BP, the Gulf News and The Scotsman as well as specialist trading and business publications Risk AFRICA, Traders and Your Trading Edge. He has written investment columns for Wired Magazine, which described him as a ‘Market Maven’. Clem’s first thriller novel ‘The Armageddon Trade’ was published in 2009, followed by ‘The Twain Maxim’ in 2010, ‘Kusanagi’ in 2011 and ‘The First Horseman’ in 2012. The fifth installment in the Jim Evans Saga, ‘The Shrine’, was published in January 2016 as an Amazon Kindle single. In November 2018, Clem won Journalist of the Year in the Business Market Commentary category in the State Street UK Institutional Press Awards. The awards recognise outstanding performance in institutional financial services reporting in the UK. He was shortlisted in 2016 and 2017 as Columnist of the Year (Business Media) in the PPA Awards for his column in E&T Magazine, The Institution Of Engineering & Technology, and in June 2017 won silver in the Tabbie Awards for his Money and Markets column in the same publication.
Transcribe →Doug Casey: Oil Tank Bottoms Imminent, Decade-Long Bull Run in Gold & Global Crisis
2w ago00:54:25Tap to summarizeStijn Schmitz welcomes Doug Casey to the show. Doug Casey is a Bestselling Author, Speculator, Founder of Casey Research, and Voluntarist Philosopher. The conversation opens with an analysis of the disconnect between geopolitical turmoil, specifically the disruption of oil flows through the Strait of Hormuz, and equity markets trading near all-time highs. Casey argues the recent de-escalation between the U.S. and Iran is likely temporary, as the core dispute between Israel and Iran remains unresolved. Despite this volatility, he remains bullish on oil, favoring oil and gas stocks due to their low representation in the market and high dividend yields, a sentiment he backs with his own investment strategy. Casey introduces his thesis of a “Greater Depression,” a period of declining real standards of living masked by a debt-fueled financial economy. He contrasts the struggling real economy, burdened by consumer and government debt, with the booming stock market, suggesting the current stability is unsustainable. Looking at long-term trends, he posits that all commodities historically trend toward zero in real terms as technology advances. However, he notes that commodities are currently the cheapest asset class compared to grossly overvalued stocks, bonds, and real estate, making them especially attractive. The discussion shifts to gold and silver, which Casey treats primarily as savings vehicles, noting the 55-year bull market is still intact. While he believes gold is no longer a great speculation at current prices, he finds mining stocks to be exceptionally undervalued, driven by industry-wide unpopularity and neglect from institutional investors. He extends this bullishness to agricultural commodities and fertilizers, deeming corn ultra-cheap and noting natural gas, a key input for urea, is also priced at a bargain in North America. For speculation, he expresses a strong preference for private placements and warrants in smaller, entrepreneur-led companies. The conversation concludes with a grim outlook for U.S. fiscal health, predicting rising interest rates driven by unsustainable deficits and a bond market that will eventually slip the Federal Reserve’s control. Timestamps: 00:00:00 – Introduction00:01:02 – Oil Market Geopolitics and Prices00:06:57 – Oil Inventories and Demand Outlook00:09:06 – Debt Economy and Greater Depression00:11:03 – Electrification and Nuclear Future00:14:27 – Long-term Commodity Price Trends00:16:21 – Agricultural Commodities Discussion00:21:34 – Fertilizers and Natural Gas00:25:30 – Potash, Phosphate, & Sulphur00:28:21 – Gold and Silver as Savings00:33:20 – Mining Stocks and Value00:40:00 – Mining Sector Companies00:44:00 – Investment Strategies and Placements00:47:26 – Other Commodities Opportunities00:49:48 – Guest Projects and Resources Guest Links: YouTube: https://www.youtube.com/channel/UCEJR3OAeHBNz7aGtFRZXArQ Doug Casey’s Take: https://internationalman.com Amazon Novels: https://tinyurl.com/an3uxhc Book ‘The Preparation’: https://tinyurl.com/theprepa Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on “rational speculation,” especially in the high-potential natural resource sector. Doug’s most recent book, “Assassin,” can be found on Amazon. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. Doug has lived in 10 countries and visited over 175. Today you’re most likely to find him at La Estancia de Cafayate (Casey’s Gulch), an oasis tucked away in the high red mountains outside Salta, Argentina.
Transcribe →John Feneck: Big Supply Crunch Coming to This Critical Mineral & Quality Gold Miners On Sale
2w ago00:38:40Tap to summarizeStijn Schmitz welcomes back John Feneck to the show. John Feneck is the CEO of Feneck Consulting Group. The discussion opens with the critical tungsten supply crunch, where China’s recent export restrictions, including cutting off Japan, highlight a severe imbalance. John notes that the U.S. has not produced tungsten since 2015, while 85% of global supply comes from China, Russia, and North Korea, posing risks for defense and technology. He sees potential in advanced North American projects, and mentions growing U.S. government interest in securing domestic production. On precious metals, he views the recent sharp correction in silver and gold as a medium-term buying opportunity, with silver likely to hold around $50 after its parabolic rise, and gold’s long-term bullish case supported by large bank price targets despite near-term rate-hike uncertainties. He favors producers Silverco and Americas Gold and Silver for their strong plans and management conviction. Turning to copper, near all-time highs, John highlights the supply constraints from long permitting timelines and names Power Metallic, backed by 17 billionaires and exceptional drill results, and PTX Metals, which offers low-cost copper with a pending uranium spin-off. In critical minerals, he mentions Esport Critical for its rare earths, uranium, and copper assets, and First Tolerium for its innovative thermoelectric technology with potential defense and drone applications, showcased at the upcoming DARPA competition. John concludes by describing Feneck Consulting Group’s decade-long track record of providing actionable insights, real-time email updates, and investor conferences, emphasizing the value of independent, non-herd thinking in resource investing. Timestamps:00:00:00 – Introduction00:00:42 – Tungsten Market Overview00:02:47 – Global Supply Challenges00:04:06 – North American Tungsten Projects00:07:15 – Defense Applications Importance00:11:55 – Precious Metals Transition00:13:50 – Silver Price Analysis00:16:40 – Gold Market Outlook00:19:00 – Mining Stock Investments00:22:30 – Copper Sector Opportunities00:25:00 – Attractive Producers?00:31:10 – Rare Earths and Emerging Tech00:35:05 – Feneck Consulting Group Guest Links: X: https://x.com/feneckconsult YouTube: https://youtube.com/feneckcommoditiesreport LinkedIn: https://www.linkedin.com/company/feneckcommoditiesreport E-Mail: mailto:john.feneck@yahoo.com Website/Newsletter: https://www.feneckconsulting.com/ Ticker’s Discussed:Gold: Triumph Gold (TSXV:TIG, OTCQB:TIGCF), Norsemont Mining (NOG, NRRSF). Silver: Silverco Mining (TSXV:SICO, OTCQB:SICOF), Americas Gold & Silver (USA, USAS). Tungsten: Guardian Metal Resources (NYSE:GMTL, OTCQB:GMTLF), Western Star Resources (CSE:WSR, OTCQB:WSRIF), Spartan Metals (W, SPRMF). Copper: Power Metallic (PNPN, PNPNF), PTX Metals (TSXV:PTX, OTCQB:PANXF). Special Situations: First Tellurium (FTEL, FSTTF), Eastport Critical (EVI, EVIIF). John Feneck is CEO of Feneck Consulting Group. He began his career in 1992 as an equity analyst for Merrill Lynch’s global allocation fund. From 1993 to 2019 he held senior executive roles at Merrill Lynch Funds (now BlackRock) and J.P. Morgan Chase Funds, where he ranked #1 in gross and net sales once at Merrill Lynch and three times at J.P. Morgan (among 40 peers). Since 2017 he has contributed articles to Kitco—becoming a regular contributor in 2021—and has appeared as a featured guest. He’s delivered over 250 client seminars and webinars, spoken at 12 global commodities events, and in 2017 joined Sprott’s precious metals portfolio-management team. There he developed a proprietary methodology combining technical analysis with direct insights from company management, advocating a “go anywhere” strategy and a diversified portfolio of 25–50 resource stocks to navigate the sector’s volatility. In September 2019 he founded Feneck Consulting Group, helping small- and mid-cap metals and mining companies raise brand awareness and advising high-net-worth advisors on market opportunities and risks. He holds Series 7, Series 63, CMFC and CIMA Level 1 certifications (though he is not a licensed advisor) and focuses on consulting. Based in Scottsdale, AZ, he’s a single dad to an 11-year-old daughter and spends weekends as a professional musician, athlete and traveler.
Transcribe →Trader Ferg: What Everyone Gets Wrong About The Iran War | Asymmetric Upside
2w ago00:54:49Tap to summarizeStijn Schmitz welcomes Trader Ferg to the show. Trader Ferg is a Full-time Trader and the Author of the Trader Ferg Substack. Trader Ferg shares his current market views, highlighting several contrarian opportunities built around long-term, underappreciated assets. He remains bullish on scarce resources like thermal coal, where tight supply and Asian demand support high-quality names, though pure-play options are limited. In energy, he sees an asymmetric upside and prefers long-dated options on integrated trading houses like Shell, leveraging torque to Brent and LNG while benefiting from volatility through their opaque but highly profitable trading arms. He also points to offshore engineering and oil services as an underinvested niche with rock-bottom valuations, already showing outperformance and strong earnings visibility. A key theme is the shift toward resilient, capital-light business models. Trader Ferg is particularly enthusiastic about emerging market exchange operators, which he views as inflation-protected, high-margin plays that have been out of favor due to a strong US dollar but are poised for a decade of growth as global capital flows rotate. In gold, he sees a structural bull market driven by de-dollarization and central bank buying, though near-term consolidation is likely after flushing out speculative tourists. He advocates a patient, long-horizon approach, cautioning against short-term futures and binary geopolitical bets, which have historically been unprofitable for him. Instead, he emphasizes buying cheap, hated assets with robust free cash flow and letting time and volatility work in his favor. Throughout the discussion, he stresses the importance of stress-testing assumptions, learning from mistakes, and focusing on durable trends rather than short-term noise, insights he regularly shares through his Substack. Timestamps: 00:00:00 – Introduction 00:00:52 – Current Market Opportunities 00:02:44 – Exchange Operators Theme 00:04:27 – Oil Services and Offshore 00:08:24 – Oil Market Supply Dynamics 00:17:19 – China Flexibility in Energy 00:25:45 – Hormuz & Concerning Timlines 00:27:07 – Fertilizers Agriculture and Sulfur 00:29:08 – Sulphur Supply Thoughts 00:32:37 – Thermal Coal Supply Demand 00:44:00 – Gold Market and Producers 00:45:55 – Long Term Inflation Strategies 00:50:33 – Exchange Operations 00:52:50 – Concluding Thoughts Guest Links: Substack: https://traderferg.substack.com/ X: https://x.com/trader_ferg Trader Ferg is a Full-time trader for going on 8+ years now. He has a habit of hanging out in hated corners of the market that are considered uninvestable. He enjoys sharing his research and thoughts about possible trades and markets.
Transcribe →Col. Douglas Macgregor: The Restart of the Iran War, Why Oil Will Go Back Up & Gold
3w ago00:43:17Tap to summarizeStijn Schmitz welcomes back Colonel Douglas Macgregor to the show. Douglas is a Retired U.S. Army Colonel and a Decorated Combat Veteran. In their discussion, Macgregor assesses the leaked 14-point MOU between Iran and the United States as an admission of strategic defeat, signaling that Iran has emerged victorious from the conflict. He emphasizes that the war is not over, predicting Israel will soon resume its offensive, prompting an Iranian counterattack and forcing President Trump to reengage militarily, albeit briefly, before ultimately disengaging. Macgregor argues that the United States was doomed to lose due to Iran’s mastery of integrated surveillance and strike capabilities, which render traditional naval and air superiority ineffective without robust ground forces, a capability he claims the U.S. currently lacks. Shifting to economic implications, Macgregor advises a focus on energy, metals, minerals, fertilizer, and food as the only secure investments in the current climate, dismissing AI and SpaceX as speculative bubbles. He warns that the Strait of Hormuz remains at risk, ensuring oil prices will surge again as global demand outpaces supply, with countries racing to build strategic reserves. The depletion of the U.S. Strategic Petroleum Reserve and the potential for further conflict will drive inflation and economic instability, likening the coming effects to a tsunami. He foresees a structural reset where American military hegemony retreats, leading to the collapse of artificial state boundaries in the Middle East and the rise of Iran and Turkey as dominant regional powers, which will reshape alliances and likely end Israel’s long-term viability. Macgregor also discusses the financial front, projecting that gold will reemerge as the ultimate reserve currency, with prices potentially reaching $10,000, while Bitcoin may serve as a transactional alternative to the dollar. He underscores that the geopolitical shifts will redirect American focus inward, forcing a painful but necessary reorientation toward domestic prosperity and core industries. Overall, his analysis presents a bleak near-term outlook marked by military defeat, economic disruption, and profound global realignment. Timestamps: 00:00:00 – Introduction 00:00:45 – Iran US MOU Assessment 00:06:00 – Energy Metals Commodity Focus 00:08:50 – Oil Prices and Reserves 00:11:50 – Rise of Iran & Turkey 00:20:14 – Trump Pressures & MOU 00:23:30 – Gold and Bitcoin Outlook 00:27:56 – U.S. Strategic Petro Reserve 00:31:38 – Sulphuric Acid, Urea, & Ag. 00:34:47 – Use of Ground Forces? 00:37:08 – Gold In A Tsunami 00:38:50 – Purchasing Power Gold & BTC 00:40:01 – Substack and Final Remarks 00:42:11 – Concluding Thoughts Guest Links: Website: https://douglasmacgregor.com X: https://x.com/DougAMacgregor YouTube: https://www.youtube.com/@douglasmacgregorTV Articles: https://breakingdefense.com/author/doug-macgregor/ Substack: https://substack.com/@coloneldoug Douglas Macgregor is a decorated combat veteran, an author of five books, a PhD, and a defense and foreign policy consultant. Macgregor was commissioned in the Regular Army in 1976 after 1 year at VMI and 4 years at West Point. In 2004, Macgregor retired with the rank of Colonel. In 2020, the President appointed Macgregor to serve as Senior Advisor to the Secretary of Defense, a post he held until President Trump left office. He holds an MA in comparative politics and a PhD in international relations from the University of Virginia. Macgregor is widely known inside the U.S., Europe, Israel, Russia, China and Korea for both his leadership in the Battle of 73 Easting, the U.S. Army’s largest tank battle since World War II, and for his ground breaking books on military transformation: Breaking the Phalanx (Praeger, 1997) and Transformation under Fire (Praeger, 2003). Macgregor’s recommendations for change in Force Design and “integrated all arms-all effects” operations have profoundly influenced force development in Israel, Russia and China. In 2010, Macgregor traveled to Seoul, Korea to advise the ROK Ministry of Defense on force design. In 2019, Transformation under Fire was selected by Lt. Gen. Aviv Kohavi, Chief of the Israeli Defense Force (IDF), as the intellectual basis for IDF transformation. His fifth book, Margin of Victory: Five Battles that Changed the Face of Modern War from Naval Institute Press is available in Chinese, as well as, English and will soon appear in Hebrew. In 28 years of service Macgregor taught in the Department of Social Sciences at West Point, commanded the 1st Squadron, 4th Cavalry, and served as the Director of the Joint Operations Center at SHAPE during the 1999 Kosovo Air Campaign for which he was awarded the Defense Superior Service medal. In January 2002, at Secretary of Defense Donald Rumsfeld’s insistence the USCENTCOM Commander listened to Colonel Macgregor’s concept for the offensive to seize Baghdad. The plan was largely adopted, but assumed no occupation of Iraq by U.S. Forces. Macgregor has also testified as an expert witness before the Senate and House Armed Services Committees and appeared as a defense analyst on Fox News, CNN, BBC, Sky News and public radio. He is fluent in German.
Transcribe →Bill Holter: Massive Inflation Ahead, Why All Markets Are Rigged & Derivatives Meltdown
3w ago00:30:02Tap to summarizeStijn Schmitz welcomes back Bill Holter to the show. Bill is a Precious Metals Expert and a metals Broker. Holter warns that the global economy faces a unique and dangerous combination of hyperinflation and deflation occurring simultaneously, a scenario where the cost of living rises rapidly while asset prices fall. He attributes this to the world’s unprecedented debt levels and rising interest rates, which reduce borrowing capacity and crush asset values. Central banks, he argues, cannot allow deflation given the massive debt overhang and will eventually devalue fiat currencies, much like the U.S. did in the 1930s. This environment makes gold uniquely valuable, as it preserves purchasing power during both inflation and deflation. Holter sees recent weakness in gold as partly driven by its use as a funding source for major IPOs, including SpaceX, and by emerging market economies selling gold for liquidity. Despite the pullback, he views current prices as an attractive entry point, particularly for silver, which he believes is heavily manipulated through paper contracts and naked shorts. He expects a failure to deliver in silver, citing a six-year structural deficit and soaring demand, which would then shatter trust in gold futures and the entire derivatives complex. On portfolio strategy, Holter advises a heavier allocation to silver due to the elevated gold-to-silver ratio, suggesting it will outperform on a percentage basis. His core recommendation is to hold whatever amount one cannot afford to lose in physical gold and silver, emphasizing their lack of counterparty risk. He also advocates owning mining stocks for leverage, noting they are now more profitable than ever as gold prices rise faster than input costs. However, he cautions investors to take physical possession of share certificates to avoid broker insolvency risk and to diversify geographically across majors, intermediates, and juniors. Holter dismisses platinum group metals as too industrial and not monetary, urging a focus solely on gold and silver for the turbulent times ahead. Timestamps: 00:00:00 – Introduction 00:00:56 – Monitoring interest rates 00:01:34 – IPOs draining gold liquidity 00:03:04 – Higher rates causing deflation 00:05:17 – Debt service crisis emerging 00:09:08 – Melt-up scenario discussion 00:11:01 – Gold correction and entry 00:13:44 – Strait of Hormuz disruption 00:15:00 – Food supply and price risks 00:15:50 – Equity market overvaluation 00:20:45 – Silver failure to deliver risk 00:23:30 – Portfolio allocation advice 00:26:25 – Gold, Miners, and Leverage 00:28:14 – Platinum Metals & Rhodium Guest Links: Facebook: https://facebook.com/groups/jsmineset/ Website: https://billholter.com E-Mail: mailto:bholter@proton.me Bill was a stockbroker for 23 years and a branch manager for 12. He retired and moved his family out of the U.S. to Costa Rica in late 2006. He returned to Texas in 2011. He was a contributor to GATA since 2007 and began writing for Miles Franklin from 2012 to 2015. He then joined with Jim Sinclair and the Holter/Sinclair collaboration from 2015-2022. Bill is a precious metals expert and broker, he clears through Miles Franklin.
Transcribe →Florian Grummes: ‘Devastating’ Oil Shortages, Bursting AI Bubble & Gold Miners
4w ago00:53:18Tap to summarizeStijn Schmitz welcomes Florian Grummes to the show. Florian Grummes is the Founder and Managing Director of Midas Touch Consulting. Florian remains bullish on oil and gas, viewing energy equities as still undervalued despite recent price consolidation. He anticipates a severe oil price shock by late summer or early autumn, driven by ongoing supply disruptions from Middle East tensions, critically low inventories, and a disconnect between Western paper markets and physical demand. He notes that while demand destruction may eventually occur, the immediate risk is a sharp price spike as shortages intensify. Florian also warns that the AI-driven stock market bubble is nearing a peak, comparing it to past speculative manias, and expects a significant correction that could trigger a liquidity crunch. This environment complicates the Federal Reserve’s position, as it cannot easily lower interest rates amid persistent inflation and may even be forced to raise them, further stressing the economy. In precious metals, Florian sees gold in a secular bull market, driven by its role as a neutral reserve asset and ongoing central bank buying. However, he notes that gold and silver are currently in a correction phase, with silver potentially pulling back toward the $50 level before the next leg up. He remains a long-term silver bull due to its industrial and monetary demand, but cautions that short-term pain is likely. Mining stocks have sold off sharply, with sentiment extremely bearish. Florian advises patience, waiting for signs of capitulation and contrarian buy signals before aggressively adding positions. He emphasizes the importance of quality companies and recommends holding cash-flow-generating dividend payers, particularly in oil, to weather potential market turmoil. Overall, he sees a complex, volatile period ahead, but believes the longer-term trends for commodities and precious metals remain intact. Timestamps: 00:00:00 – Introduction 00:01:20 – Oil and Gas Equities Outlook 00:03:45 – Oil Bull Market Analysis 00:06:10 – Middle East Supply Disruptions 00:10:05 – Impending Oil Price Shock 00:13:50 – Energy Market Resilience? 00:15:00 – Specific Interesting Plays 00:17:20 – AI Bubble and Market Risks 00:21:52 – Fed Rates and Inflation Pressures 00:27:08 – Gold Role in Debasement 00:36:00 – Remonitization of Metals? 00:39:45 – Thesis Around Silver 00:43:05 – Gold Miners & GDX 00:48:42 – Quality Miners & Uncertainty 00:51:05 – Midas Touch Consulting Guest Links: Website: https://www.midastouch-consulting.com X: https://twitter.com/FlorianGrummes Substack: https://substack.com/@midastouchconsulting Telegram: https://t.me/MidasTouchConsulting Free Newsletter: http://eepurl.com/d5Euf LinkedIn: https://www.linkedin.com/in/floriangrummes/ Seeking Alpha: https://seekingalpha.com/author/florian-grummes Facebook: https://www.facebook.com/Midastouchconsulting Florian Grummes is an independent financial analyst, advisor, consultant, mentor, trader & investor as well as an international speaker with more than 30 years of experience in financial markets.  Florian is the founder and managing director of his company Midas Touch Consulting, which is specialized in trading & investments as well as consulting, analysis & research with a focus on precious metals, commodities and digital assets. Via Midas Touch Consulting he is publishing daily and weekly gold, silver, bitcoin & cryptocurrency analysis for his numerous international readers. Florian is well known for combining technical, fundamental/macro and sentiment analysis into one often accurate conclusion about the markets.
Transcribe →Francis Hunt: The Fiat Currency Collapse, ‘Turbocharged’ Stagflation & Monetary Metals
Jun 401:05:14Tap to summarizeStijn Schmitz welcomes Francis Hunt back to the show. Francis Hunt is known as a Renegade Trader, Analyst, and Founder of The Market Sniper. Hunt observes that the South Korean KOSPI index has surged an extreme 291% in just over a year, driven almost entirely by two stocks—Samsung and SK Hynix—amid the AI boom. This narrow advance mirrors the concentrated gains in the NASDAQ but is even more pronounced. Despite the export revenues from these tech giants, the Korean won is weakening, which Hunt attributes to foreign investors withdrawing profits and domestic retail investors piling in on record margin, a classic “Shushan boy” setup. He believes a currency crisis looms for South Korea, exacerbated by higher energy import costs that deplete dollar reserves. These energy cost pressures are part of a broader stagflationary environment that Hunt argues is intentionally manufactured. He contends stagflation enriches billionaires who hold assets while impoverishing the middle class and blue-collar workers through higher living costs and eventual job losses. This, he says, socializes costs and devalues debt for the wealthy, while governments later turn to predatory taxation, such as capital gains levies, to strip further value from citizens. In this context, Hunt maintains that precious metals—gold, silver, and platinum—are the prime beneficiaries. While gold and silver have experienced a corrective pause after an enormous run-up, he views the three-wave selling pattern as a healthy reset within a long-term bullish structure. His technical target for silver stands at $333, derived from a falling wedge pattern on the quarterly chart, which he expects will resume once the current consolidation resolves. Hunt advises concentrating wealth in monetary metals rather than diversifying across commodities like copper or lithium, which may rise nominally but lag in real gold-ounce terms. He notes the gold-silver ratio could see a short-term squeeze upward but remains structurally bearish long-term. For miners, he suggests selectivity, as rising energy costs have pressured some, though those with growing ounce profiles remain attractive. Timestamps: 00:00:00 – Introduction 00:00:40 – World Volatility and Market Trends 00:01:40 – South Korea AI Trade Setup 00:08:47 – South Korea Currency and Charts 00:25:09 – Long-Term Silver Thesis 00:27:33 – Precious Metals Market State 00:30:03 – Sectors and Inflationary Pressure 00:32:03 – Nasdaq Vs. Gold Predictions 00:35:00 – Equity Valuation Setup 00:36:10 – Short-Term Gold Outlook 00:44:30 – Gold & Silver Long-Term Thesis 00:55:40 – Copper & Other Commodities 01:00:30 – Market Sniper Wrap Up Guest Links: X: https://x.com/themarketsniper X: https://x.com/thecryptosniper Website: https://themarketsniper.com YouTube: https://www.youtube.com/user/TheMarketSniper Francis is a trader, first and foremost. Unlike most educators in the trading space, Francis walks the walk and talks the talk, with 30 years of experience trading his personal capital on various markets and instruments. Through this passion for trading and his relentless study of markets and economic theory, he uses the Hunt Volatility Funnel trading methodology, a systemized approach, to answer the critical question: What is the next most profitable trade? He believes the actual price of an asset is the most accurate reflection of all the factors that influence it. Practical technical analysis, the study of price action over time, is needed to formulate profitable trade ideas. Indeed, with all the market manipulation and high-frequency trading operations currently in play, technical analysis is all that can be relied upon when it comes to formulating future price trends. A trained eye can often spot such manipulative practices, as is the case with HVF traders. Therefore, the HVF methodology is based purely on technical analysis. Francis is passionate about sharing his knowledge and understanding of markets by utilizing his HVF trading methodology. With entertaining anecdotes and the careful guidance of his students, he has already trained a large community of hundreds of traders and helped them transform from complete newbies to seasoned trading professionals. He genuinely loves sharing his knowledge and strategies with others who are committed to finding freedom through trading. Plus, teaching strengthens his trading abilities while helping to build a vibrant community of successful traders.
Transcribe →Dr. Nomi Prins: Iran War, Uranium ‘Ultimate’ Beneficiary & Gold’s Continued Rise
Jun 300:35:59Tap to summarizeStijn Schmitz welcomes Dr. Nomi Prins to the show. Dr. Nomi Prins is Founder of Prinsights Global and Substack. The discussion opens with a broad assessment of global economic headwinds, including the ongoing blockage of the Strait of Hormuz and rising bond yields. Dr. Prins explains that even a hypothetical resolution to the strait crisis would not immediately ease supply backlogs, keeping oil prices elevated and contributing to persistent inflation. She notes a significant dislocation between struggling economic confidence and stock markets reaching all-time highs, fueled by large asset funds and cash waiting on the sidelines. The conversation shifts to the beneficiaries of supply disruptions, where Dr. Prins sees value in oil producers outside the Middle East, such as those in Colombia, which can bypass the strait. She then highlights uranium as a critical, underappreciated story, emphasizing that nuclear energy’s role in powering data centers and AI creates surging demand against a backdrop of severely constrained supply, with new mines taking up to 18 years to develop. This supply deficit, she argues, makes current uranium prices appear very low. Addressing inflation and central bank policy, Dr. Prins anticipates that while short-term rates will likely remain unchanged, the Federal Reserve may increase long-term bond purchases, effectively reawakening quantitative easing to manage debt servicing costs. She believes this will not significantly stimulate the broader economy but that real growth will come from hard assets and commodities like copper and silver, which are essential for electrification and in structural deficit. On gold, she remains bullish, citing its stability and the fact that central banks now hold it as their top reserve currency, viewing it as a long-term diversifier. She maintains a year-end gold price target of $6,000. The interview concludes with Dr. Prins pointing to significant investment opportunities in junior mining, particularly in copper, uranium, and rare earth elements, for investors who can look past current geopolitical volatility. Timestamps: 00:00:00 – Introduction 00:00:41 – Global Economy Headwinds 00:01:08 – Strait of Hormuz Disruptions 00:03:20 – Oil Price Outlook 00:06:30 – Oil Producer Opportunities 00:09:43 – Uranium Energy Security 00:13:00 – Commodity Supply Shortages 00:18:28 – Fuel Shortages 00:20:40 – Inflation and QE Outlook 00:26:46 – Gold Market Stability 00:31:33 – Mining Sector Investments 00:35:00 – Concluding Thoughts Guest Links: X: https://x.com/nomiprins Website: https://nomiprins.com Substack: https://prinsights.substack.com Dr. Nomi Prins as a Wall Street insider and outspoken advocate for economic reform, Nomi Prins is a leading authority on how the widespread impact of financial systems continues to affect our daily lives. She has spent decades analyzing and investigating economic and financial events at the ground level and meeting with those that shape the world’s geopolitical-economic framework. She continues to break stories by conducting independent research, writing best-selling books, and traversing the globe to share her knowledge and demystify the world of money. Before becoming a renowned journalist and public speaker, Nomi reached the upper echelons of the financial world where she worked as a managing director at Goldman Sachs, ran the international analytics group as a senior managing director at Bear Stearns in London, was a strategist at Lehman Brothers and an analyst at the Chase Manhattan Bank. During her time on Wall Street, she grew increasingly aware of and discouraged by the unethical practices that permeated the banking industry. Eventually, she decided enough was enough and became an investigative journalist to shed light on the ways that financial systems are manipulated to serve the interests of an elite few at the expense of everyone else.
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