Sell U.S. Assets Buy Gold | Willem Middelkoop and Jimmy Connor
Description: Bloor Street Capital Inc. was paid a fee for producing this event. Bloor Street Capital Inc. and its affiliates may or may not hold … Transcript: Hi, before we get on with the interview, just a quick reminder of our virtual gold conference happening this Friday, January the 23rd at 8 a.m. Eastern time. […]
Virtual Gold Conference – Agnico Centerra Hemlo Kinross Oceana Osisko
Description: Bloor Street Capital Inc. was paid a fee for producing this event. Bloor Street Capital Inc. and its affiliates may or may not hold … Transcript: Hi, and thank you for joining us for our virtual gold conference. Well, gold was up 60% in 2025, making it the best year for gold since 1979. […]
Agnico Eagle Update | Jamie Porter and Jimmy Connor
Description: Bloor Street Capital Inc. was paid a fee for producing this event. Bloor Street Capital Inc. and its affiliates may or may not hold … Transcript: Jamie, thank you so much for joining us today. This year has been a record- setting year for Igno from an operational, financial, and also a share performance […]
Centerra Gold Update | Paul Tomory, Ryan Snyder and Jimmy Connor
Description: Bloor Street Capital Inc. was paid a fee for producing this event. Bloor Street Capital Inc. and its affiliates may or may not hold … Transcript: Paul and Ryan, thank you very much for joining us today. I want to provide a framework on where I want to take our discussion in the next […]
Value Investing Playbook with Tobias Carlisle
Description: In this episode of the Planet MicroCap podcast, I spoke with Tobias Carlisle, a seasoned investor and co-host of Value After Hours … Transcript: Welcome to the Planet Micro Cap podcast, the number one destination for everything micro cap investing. I’m your host, Robert Craft, and each week I sit down with elite investors, […]
Silver Going Completely Parabolic…How High Will It Go?!
Description: Rebel Capitalist Live VII: Protect & Grow Your Wealth Before the Next Crisis https://rcl.georgegammon.com/live Want the cheat … Transcript: Hello fellow rebel capitalists. Hope you’re doing well. In fact, I would be willing to bet most of you are doing extremely well because [laughter] silver is going straight up, baby, to the moon. Holy […]
URGENT: Something Just Broke The Market (Everything Is Crashing)
Description: Rebel Capitalist Live VII: Protect & Grow Your Wealth Before the Next Crisis https://rcl.georgegammon.com/live Want the cheat … Transcript: Hello fellow robo capitalists. Hope you’re well. So I was just watching the screen and I noticed everything is crashing. [laughter] I mean tech is crashing, gold is crashing, Bitcoin is crashing and I thought […]
Holy Sh*t…Silver Is Crashing (Can It Drop 50% In One Day?)
Description: Rebel Capitalist Live VII: Protect & Grow Your Wealth Before the Next Crisis https://rcl.georgegammon.com/live Want the cheat … Transcript: Hello fellow rebel capitalists. Hope you are well and I hope you’re diversified. That is for sure. Today is a great example why you shouldn’t have all your eggs in one basket. Silver down. It […]
'Financial Crisis' Zone; Trader's Warning For Gold, Stocks, Bitcoin | Gareth Soloway
Description: Sign up for STLLR’s exclusive Gold Macro Newsletter at http://stllrgold.com/davidlin. Review their cautionary statements and risk … Transcript: It’s Fed day. Uh the Fed held rates steady. We’re going to reexamine why the Fed did what they did. What’s next for the Fed? What’s next for markets? Extraordinary day for the markets today right […]
Peter Schiff: Markets Repricing Now As Crisis ‘Bigger Than 2008' Unleashed
Description: Get 20% off DeleteMe by going to https://joindeleteme.com/DAVIDLIN and use code DAVIDLIN to protect your privacy! Transcript: this is going to be a massive economic collapse. When people keep saying gold’s the in a bubble or silver’s a bubble, I say no, no, no. It’s the pin. You don’t understand. The bubble is in […]
What If Earnings Guidance Disappoints? How Low Could Stocks Fall? | Lance Roberts
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: So again, it’s not going to be what these companies report. It’s going to be about what they say about the rest of this year and if their guidance. So two things are potentially and so here’s two […]
Rick Rule: I've Rarely Seen Such Good Opportunity In Oil & Gas Stocks
Description: WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money’s endorsed financial … Transcript: Rick, on the oil side, um when you look at the past opportunities like this that you’ve pre-positioned yourself for, how excited are you right now um about the oil industry’s prospects on a on a scale of […]
The 5 Types of Wealth (TIP787)
- Holistic Wealth: Focus on the five types of wealth—time, social, mental, physical, and financial—emphasizing balance over pure monetary accumulation.
- Time Wealth: Practical tools like Buffett’s 5/25 method, the Eisenhower Matrix, and the “art of no” to prioritize high-impact activities and protect attention.
- Social Wealth: Depth, breadth, and earned status supported by the Harvard Study of Adult Development; tools include relationship mapping, Gottman’s “four horsemen,” and “helped, heard, or hugged.”
- Mental Wealth: Curiosity, ikigai, Feynman Technique, and monthly “think days” to maintain growth, clarity, and purpose.
- Physical Wealth: Movement, nutrition, and recovery with a bias toward whole foods and consistency; prioritize sustainable habits over short-term fads.
- Financial Wealth: Define “enough” (lagom), manage lifestyle creep, and build wealth via income generation, expense management, and long-term compounding.
- Opportunities & Risks: Opportunities stem from compounding, skill-building, and intentional living; risks include leverage, lifestyle creep, and neglecting non-financial wealth.
- Companies Mentioned: No specific tickers were pitched; firms like Berkshire Hathaway, John Deere, Ulta Beauty, AutoZone, Airbnb, and Nintendo were referenced anecdotally.
Tavi Costa: China, US & G7 Acting Like Emerging Markets | Gold, Silver & Energy In Long Term Bull
- Macro Outlook: The guest sees a weakening dollar, persistent inflation, and ongoing fiscal deficits driving monetary debasement, which is negative for bonds but supportive for real assets.
- Precious Metals: He remains strongly bullish on gold and silver miners, citing exceptional margins, under-ownership by institutions, and limited new supply or discoveries.
- Copper: Structural demand from AI infrastructure, data centers, EVs, and onshoring is decoupling copper from traditional cyclicality, while discoveries and new supply remain scarce.
- Energy: The oil & gas E&P space looks attractive with 9–15% free cash flow yields and upside if oil moves to $80–$100, also serving as a hedge for miners’ energy costs.
- Latin America: He is optimistic on Latin America—especially Bolivia, Argentina, Brazil, and Chile—citing improving business orientation, U.S. engagement, and prolific geology for metals.
- Institutional Rotation: Generalist funds are scrambling to gain exposure to mining equities, with potential for major reratings as earnings power outpaces share price gains.
- Hyperscaler Capex: Massive, sustained capex by hyperscalers (AI/data centers) and strong free cash flow could channel significant capital into materials, energy, utilities, and infrastructure.
- Risks & Discipline: He warns against rare earth hype and emphasizes jurisdictional diligence, quality management, and patience to navigate volatility and maximize the cycle.
The Fed Does Nothing
- Fed Policy & Independence: No rate move and heavy focus on perceived Fed independence amid political pressure, with policy uncertainty seen as a growing market driver.
- Precious Metals: Extended discussion on gold and silver as safe-haven assets, with flows driven by broad fiat weakness and expectations of elevated volatility.
- Dollar Devaluation: Potential Trump-era strategy to weaken the dollar to boost exports was explored, along with implications for inflation, yields, and the cost of U.S. government debt.
- Housing Affordability: The team highlighted policy choices that subsidize demand and restrict supply, Trump’s comments on keeping home prices high, and the generational tensions around affordability.
- Market Volatility: Expectation of increased stock market volatility, possible corrections, and bandwagon effects across equities, gold, silver, and even crypto.
- Macro Risks: Signs of strain include weak consumer confidence, commercial real estate pressures, markdowns in bad loans, and example hits like Microsoft and a BlackRock segment.
- Data Dependence Limits: The Fed’s lagging data challenge was emphasized, complicating timely policy decisions and increasing regime uncertainty risk.
Danielle DiMartino Booth: Powell Is Committing Policy Errors to Quietly Dig at the Administration
- Fed Policy: The guest criticizes Powell for politically tinged decisions, arguing cuts are warranted and unemployment risks are rising.
- Sector Trade: She outlines a paired trade to go long Utilities and short Financials, citing a restrictive Fed and mounting credit losses.
- Commercial Real Estate: Highlights capitulation with office property sales, realized losses, and increased bankruptcies, pressuring financials and supporting the short side.
- Precious Metals: Notes strong public enthusiasm for gold and silver, viewing gold as a hedge but cautioning on meme-like behavior despite potential upside.
- Consumer Stress: Warns about surging Buy Now Pay Later usage, especially for medical, dental, and utility bills, and higher credit card balances among users.
- Labor Market: Expects a higher unemployment rate ahead, referencing survey-based indicators and revisions that point to labor softness.
- Market Outlook: Suggests Dow outperformance versus Nasdaq signals a defensive rotation, reinforcing the case for utilities and caution on financials.
- No Stock Picks: No specific tickers were pitched; the focus was on sector-level positioning and macro risks.
Cullen Roche: The Market Divide Leaving Investors Behind | The Hidden Risks in Your Portfolio
- Macro Divergence: The guest highlights bifurcations across housing, inflation, and technology-driven wealth concentration as key inputs into asset allocation.
- Global Diversification: He advocates reducing U.S. concentration and increasing international stocks exposure as a currency hedge and to mitigate Mag 7 risk.
- Emerging Markets: Bullish long-term case based on under-ownership, valuation gaps, and structural convergence of middle classes driven by globalization.
- Precious Metals: Metals strength is a “perfect storm,” with gold framed as long-duration fiat insurance best owned over multi-decade horizons rather than chased near-term.
- Short Duration Bonds: Recommends 0–5 year Treasuries for safer income and diversification, noting attractive coupons and manageable rate risk versus long-duration bonds.
- Tech Concentration Risk: Suggests tilting away from concentrated U.S. tech toward broader diversification; Nvidia (NVDA) is cited as a dominant holding in many funds.
- AI and Geopolitics: AI is a critical national priority (Taiwan risk, data center energy costs), but also an inflation and policy wildcard impacting rate-cut expectations.
- Product Selection Risk: Cautions on private market/option-income ETFs due to poor price transparency, spreads, and structural mismatches in ETF wrappers.
Willem Middelkoop: Silver in Short Squeeze, Price Can Go "Much Higher"
- Silver Short Squeeze: Guest argues a violent, ongoing short squeeze is driving silver higher, with potential continuation well beyond $100 due to large open interest and physical delivery constraints.
- Price Discovery Shift: The locus of price discovery is moving from COMEX to Shanghai, evidenced by an 8–10% China premium and larger intraday moves during Asian hours.
- Producers’ Leverage: Despite soaring silver, miners have not outperformed yet; margins are expanding and valuations remain low, with examples like Barrick (GOLD) and Newmont (NEM) trading at sub-15 forward P/Es.
- Supply Constraints: New mine supply is slow (17-year average from discovery to production; even longer in the U.S.), while major producers face depletion, limiting a rapid production response.
- Gold Outlook: Long-term gold target raised to at least $8,000 amid fiat debasement, persistent inflation, safe-haven demand, and potential monetary system changes led by BRICS.
- Demand Dynamics: Investment demand for silver is accelerating; even if industrial demand dips in a recession, investor buying and a large structural deficit support prices.
- Metal Wars: The guest frames a new era of “metal wars,” where the East weaponizes commodities in response to dollar weaponization, reinforcing bullion demand and strategic stockpiling.
- Critical Minerals Strategy: Western efforts to catch up in small markets like rare earths may help, but China’s refining dominance and broad structural deficits suggest a multi-decade commodities bull market.
SPECIAL REPORT: Under-Fire Fed Keeps Interest Rates Flat | Axel Merk
- Fed Update: Powell held rates steady with a neutral tone, stressing data dependence and avoiding forward guidance; market reaction was muted.
- Macro Backdrop: Discussion highlighted persistent fiscal deficits, tariff-driven currency flow shifts, and tempered foreign demand for Treasurys keeping long yields elevated.
- Precious Metals Surge: Gold and silver have rocketed, driven more by concerns over fiscal sustainability and diversified demand than by a loss of confidence in central banks.
- Miners vs. Metals: Miners have lagged spot moves, but margins look attractive given contained energy costs, manageable labor, and restrained tax grabs, setting up potential catch-up if metals don’t correct hard.
- Flow Dynamics: Central banks and Asia remain key buyers while U.S. retail shows two-way flows; ETF holdings (in ounces) are below prior peaks, suggesting room before froth.
- Risk and Volatility: Expect sharp swings and possible pullbacks, especially in silver; speculation is evident in some markets, but a broad “bubble” signal is not yet apparent.
- Fed Chair Race: Candidates like Kevin Walsh, Chris Waller, and Rick Rieder could shape policy stance; a more activist balance-sheet approach would be more supportive for gold.
- Portfolio Approach: Guest remains constructive on precious metals and miners, emphasizing risk management, position sizing, and avoiding FOMO amid rapid price gains.
Dario Perkins on Real Cycle Risks & When the Macro Consensus Gets It Wrong | Global Macro | Ep.95
- Macro Outlook: Guest is bullish on global growth in the next 6-12 months due to broad policy stimulus in the US, Europe, and China, but warns of late-cycle overheating and renewed inflation risks.
- AI: Skeptical that AI is currently driving productivity or jobs; argues recent productivity gains are cyclical and that the AI narrative is overstated for near-term monetary policy.
- European Defense: Sees defense spending as a growth catalyst for Europe, building a vibrant Aerospace & Defense industry with high-quality manufacturing and technology spillovers, benefiting countries like France and the UK.
- Bonds and Yields: Expects a secular shift to higher highs/lows in yields with a rising term premium, weakening bonds’ equity-hedge properties and creating upside risk to rates.
- Dollar Weakness: Notes global investors are hedging USD exposure amid US policy uncertainty, increasing the risk of a softer dollar as non-US markets improve.
- Europe: Outlook improving with wages outpacing prices, ECB cuts, Germany’s fiscal easing, and positive spillovers across the region; consensus seen as too bearish.
- Asia: Anticipates potential upside surprise from China stimulus versus low expectations, while Japan’s normalization (mild inflation/wage gains) is viewed as a welcome, cautious shift by the BoJ.
