Podcasts Archives

Rich Checkan: Silver to Outpace Gold in 2026, Use This Dip to Buy

Description: Rich Checkan of @AssetStrategiesInternational shares his thoughts on the recent pullback in gold and silver prices, emphasizing … Transcript: [music] I’m Charlotte Mloud with investing.com and here today with me is Rich Tucken, president and COO at Asset Strategies International. Thank you so much for being here. Oh, >> I’m glad to be here. […]

Larry Lepard: Gold Stocks, Silver, Bitcoin — Prices to Double in 2026?

Description: Sound money advocate and author Larry Lepard shares his thoughts on what’s driving gold, silver and Bitcoin prices, as well as … Transcript: [music] I’m Charlotte Mloud with investingnews.com and here today with me is Larry Leard, sound money advocate and author of The Big Print. Thank you so much for being here. Great […]

Jordan Roy-Byrne: Gold, Silver Price Setup is Simple, How to Maximize Gains

Precious Metals Bull Market: The guest argues we are early in a new secular bull market for precious metals despite recent strong gains, with corrections viewed as healthy pauses.
Gold Outlook: He frames the current move as a post-breakout correction that typically lasts months, expecting higher long-term targets based on historical analogs and watching the 150- and 200-day moving averages for re-entry.
Silver Outlook: Silver is expected to outperform gold after consolidating, with a history of doubling within 7–11 months after breaking prior all-time highs.
Gold Miners: Mining equities should benefit over the cycle, but selection matters; breadth has been overheated and needs to cool before a durable bottom sets up.
Cost Inflation Risk: A key risk is resurgence in mining cost inflation (energy, inputs), which could compress margins and reduce the flow-through of higher metal prices to earnings.
Valuation and Margins: Current industry margins are solid; if margins merely hold over 2–3 years, producers and developers growing production can see significant value accretion.
Macro Cycle: He expects the eventual end of the U.S. stock secular bull (timeline 18–36 months uncertain) to catalyze stronger capital flows into precious metals and hard assets as the bond secular bear persists.
Strategy: Focus on individual companies, do deep research, and apply a buy-hold-trim approach while using breadth and moving-average signals to time entries during the correction.

Chris Temple: Gold Game Has Changed, Stocks to Load Up on Now

Conference Sentiment: Attendance quality is up with serious generalist investors focused on hot stories like gold, uranium, and broader energy-related themes.
Gold Outlook: After a parabolic move higher, a corrective pullback is seen as healthy, with long-term support from a new global monetary narrative and central bank gold accumulation.
Gold Explorers Strategy: Preference for near-surface, economic resources with experienced management; avoid “drill-for-PR” stories and accumulate quality explorers 25–35% off recent highs.
Macro & Fed Risks: Persistent inflation, heavy debt service, and renewed Fed liquidity strains suggest risk of a broader market pullback or asset-price deflation.
Critical Minerals Policy: The MP Materials (MP) deal—DoD equity and a floor-price guarantee—signals needed industrial policy; domestic projects require higher, guaranteed prices versus China’s undercutting.
Lithium Case Study: Frontier Lithium (FL) used higher price assumptions in its feasibility study to model realistic North American economics; backed by Mitsubishi, it reflects how multi-tier pricing could enable development.
Uranium Thesis: Uranium is the top pick with expectations for a very tight market and potential $200+/lb spot within a couple of years, aided by rising global electricity needs.
Natural Gas Role: Natural gas is the second “heavy lifter” alongside nuclear energy, with structurally growing power demand even if the latest rally may consolidate.

Bert Dohmen: Gold Price Going "Much Higher," Silver to Play Catch Up

Gold Outlook: Strong long-term bullish case through 2030 driven by monetary debasement and sovereign debt concerns, with a potential catalyst from any move toward gold-backed U.S. Treasuries.
Silver & Miners: Silver seen as having significant catch-up potential versus gold; favors diversified silver miner ETFs for upside with reduced single-name manipulation risk.
AI Sector: Transformational but potentially in a bubble, with rising job losses and financing challenges for heavy capex commitments during recessionary conditions.
Cryptocurrencies/Bitcoin: Expects a prolonged meltdown with all cryptos ultimately trending toward zero, citing extreme leverage, margin calls, and lack of intrinsic value.
Macro/Deflation: Warns deflation is the central bank nightmare and sees a path to 0% policy rates in a deep downturn, with weak demand for long-term sovereign bonds.
US Treasuries & Gold Link: Suggests gold-backed Treasuries could restore global demand and trust, indirectly supporting a structurally higher gold price.
Stock Selection: Endorses NVDA as the premier AI play given its moat across chips and software, but cautions on valuation and broader high-multiple tech names.

Don't Be Fooled By The Highs: The ‘1999 Signal’ Just Flashed Red | Gerald Celente

Market Outlook: Guest argues markets are artificially propped up by expected rate cuts and liquidity tools while Main Street weakens, setting up a potential Great Depression-style downturn.
AI Bubble: He sees an AI-driven dot-com 2.0 bust with overbuilding in chips and data centers; even with Nvidia (NVDA) advances versus Alphabet/Google (GOOGL), valuations are stretched and electricity costs hit consumers.
Precious Metals: Strongly bullish on gold and silver as safe-haven assets amid dollar weakness and policy distortions, expecting new highs if gold stabilizes above key levels.
Banks & CRE Risk: Warns of fragility from office vacancies and unpaid loans flowing into bank stress, with stigma around using the Fed’s repo window and potential rule changes (e.g., SLR) not solving equity market risks.
Defense Spending: Anticipates continued rearmament in Europe and elsewhere, benefiting the military-industrial complex and aerospace & defense companies despite broader economic slowdown.
CBDCs: Predicts central bank digital currencies are inevitable, increasing financial surveillance and control in a fully digitized economy.
Bitcoin/Crypto: Expects political support to keep Bitcoin from collapsing, though younger investors’ weaker finances may limit upside; crypto remains a policy-influenced market.
Global Shifts: Sees China leading in AI and a trend toward de-dollarization via BRICS, pressuring the dollar and reinforcing the case for hard assets.

NewLake Capital Partners, Inc. (OTCQX: NLCP) Webcast | Planet MicroCap Showcase: TORONTO 2025

US Cannabis: The guest highlights a $100B U.S. cannabis market with only ~one-third legal, ongoing state-level expansion, and strong public support for legalization driving long-term growth.
Cannabis REITs: He pitches a triple-net lease cannabis REIT model with 12.7% average cap rates, long 13-year lease durations, and dividend growth underpinned by strong free cash flow.
Ticker Highlight: NewLake Capital Partners (NLCP) is presented as undervalued with a ~13% covered dividend yield, net cash balance sheet, and constraints from OTC listing and custody that create an opportunity.
Limited-license states: Strategy focuses on states with constrained license counts (e.g., PA, IL, OH) to support better margins, stronger tenant cash flows, and intrinsic license value that mitigates default risk.
Rescheduling catalyst: Expected DEA move to Schedule 3 could remove 280E, improve tenant cash flows, pave the way for SAFE Banking, exchange uplisting, and broader institutional participation.
Key companies: Portfolio tenants Curaleaf, Cresco Labs, and Trulieve are cited as leading operators showing profitability and cash generation, supporting rent durability.
Risks and opportunities: Federal illegality and regulatory uncertainty persist, but investors may collect high yield while awaiting catalysts; low leverage provides flexibility to add prudent debt for quality growth.

Covalon (TSX-V: COV / OTCQX: CVALF) Fireside Chat with Mathieu Martin, Rivemont MicroCap Fund

Company Pitch: Covalon Technologies (COV) is a Canadian medtech focused on helping patients heal faster and preventing costly complications, with ~$33M CAD revenue and strong EBITDA.
Wound Care: The company’s collagen dressing is sold via an OEM model in a fragmented $10B market, driving low SG&A and meaningful growth runway in the US.
Vascular Access: Hospital-focused portfolio shows high growth with consistent sequential gains, highlighted by the Valguard product addressing critical catheter use cases.
Infection Prevention: Clinical data at Montefiore showed a >50% reduction in catheter-related bloodstream infections overall and 100% reduction in pediatric critical care, underscoring strong clinical and economic value.
Competitive Landscape: Competes against large players (e.g., 3M spinoff, BD, J&J Ethicon, Smith & Nephew) and smaller entrants, with product differentiation and agility cited as advantages.
AI Strategy: Management is deploying AI as a revenue force multiplier to scale customer-facing capabilities, in contrast to peers primarily using AI for cost reduction.
Capital Allocation & Outlook: Announced a $0.15 special dividend amid rising cash, with continued investments in automation and openness to tuck-in M&A, buybacks, and future dividends.

Capital Cycles, Moats, Margin of Safety + Thoughts on $AAP $TRBR.V with Kenny Chan, Korwell Capital

Turnaround Opportunity: The guest pitched Advance Auto Parts (AAP) as a turnaround with capital cycle tailwinds, industry consolidation benefits, and fixable integration issues.
Auto Parts Retail Dynamics: He highlighted the resilience of aftermarket auto parts during downturns, noting deferred new car purchases drive repairs, supporting margins and growth.
Industry Structure: Consolidation reduced thousands of mom-and-pop stores to a few scaled players, with peers historically expanding operating margins as scale advantages increased.
Protein Bars Theme: He discussed a women-focused protein bar brand as an attractive niche within a competitive category, citing rapid growth, low trade spend, and brand-led moat potential.
Deal Commentary: A takeover bid valuing the protein bar company around 2.2x LTM sales was viewed as undervaluing long-term brand potential, underscoring the need to understand management incentives.
Capital Cycle Framework: The guest emphasized investing where capital is scarce and competition lighter, enabling margin durability and brand share-of-mind to compound over time.
Comparables and Examples: He referenced AutoZone and O’Reilly as scaled benchmarks in auto retail and cited Costco/GEICO models as templates for low-cost, volume-driven advantages.
Overall Perspective: Preference for Fisher-like businesses at Graham-like prices, focusing on misunderstood compounders and turnarounds with clear paths to operational improvement.

CEOs Just Gave A Dire Warning About The Economy

US Retail: Broad evidence of consumer strain moving from low income into the middle class, with value-seeking behavior and pressured discretionary demand ahead of the holidays.
Home Improvement Retail (HD, LOW): Housing-related uncertainty is weighing on demand; commentary contrasts contractor-heavy Home Depot with more consumer-focused Lowe’s, highlighting diverging end-markets.
Broadline & Club Retail (TGT, WMT, BJ): Target notes consumers prioritizing essentials and value with weaker confidence; Walmart and BJ’s echo shifts to necessities and cautious spending across income tiers.
Specialty Stores: Bath & Body Works, Williams-Sonoma, and Tractor Supply signals show cautious consumers, with macro affordability and confidence headwinds dampening discretionary categories.
Automotive & Parts (GPC plus peers): Auto-related retailers cite cautious demand and value focus; tariff and cost dynamics pressure margins as passing on higher costs to strapped consumers remains difficult.
US Treasuries: Soft PPI and weakening growth signals boost odds of a Fed rate cut; the guest highlights being long the 2-year and reading price action that points to lower yields.
Market Outlook: Falling yields on the 2-year and 10-year reflect declining growth and inflation expectations, raising risks to holiday sales while offering potential opportunity in Treasuries.

SCRAP My Call for $60 SILVER, We're Headed to $100+: Michael Oliver

Silver: Forecast lifted to $100–$200/oz within two quarters on momentum triggers and historic analogs, with the silver-gold spread near a breakout signaling explosive relative upside.
Silver Miners: Sector viewed as deeply undervalued “10 cents on the dollar” exposure; preference for broad baskets/ETFs like SIL as capital inflows could lift even lower-quality names.
Gold & Gold Miners: Gold pullback seen as a buy; spreads versus broad equity indices are breaking out, with miners (e.g., GDX) expected to outperform bullion and energy costs unlikely to impair margins.
Commodities Complex: Bloomberg Commodity Index signals a second-leg breakout, setting up a multi-year commodities uptrend with broad participation across energy, grains, and base metals.
Oil: Crude deemed cheap with producer valuations attractive; a monthly close ≥$68 this quarter (≈$65 next quarter) would confirm upside, and war headlines should not be chased.
Agriculture & Fertilizers: Grains (corn, wheat, soybeans) are turning up on momentum, positioning fertilizer stocks (potash, phosphate) to follow, in an overlooked and undervalued space.
Macro Outlook: U.S. equities are in a topping process with narrow leadership, Treasuries risk rolling over, and rotation into real assets is expected as gold and commodities gain favor.

Half Of U.S. Growth Is Just Data Centers & AI Says Harvard Economist | Jason Furman

Data Centers: Identified as the dominant driver of recent GDP growth, with risks if capex slows potentially leading to a shallow, manageable recession offset by Fed easing.
AI: Debated short-term labor impacts with skepticism that AI explains job opening declines, but long-term productivity upside emphasized with the U.S. advised not to overregulate like Europe.
US-China Trade: Characterized as a truce, not a peace treaty, with modest tariff relief and commodity trade resumption but unresolved structural issues and national security priorities.
Semiconductors: Chips are central to the data center boom, many are imported, and export policy toward China (e.g., advanced microchips like Blackwell) highlights strategic constraints and risks.
Stablecoins: Support for regulatory frameworks (e.g., Genius Act) with U.S. dominance noted, but expectations tempered for meaningful incremental demand for Treasuries versus money market funds.
Bitcoin: Negative view on a Bitcoin strategic reserve as arbitrary and risky for rule of law, preferring structured regulation over ad hoc policy moves.
Market Outlook: Growth prints are surprisingly strong, inflation remains above target, and the Fed faces a delicate balance with risks of fueling a stock market bubble.
Companies/Tickers: No specific public company tickers were pitched; discussion centered on thematic exposures like data centers, AI, semiconductors, and geopolitical trade dynamics.

Global Debt Bubble About To Trigger Financial Crisis Warns Former Central Banker | William White

Macro Risks: The guest emphasizes rising global debt, fiscal dominance, and secular forces that make the future structurally more inflationary.
Bond Market: Potential return of bond vigilantes and a disorderly rise in yields, with more upside risk to nominal rates than the market expects.
Dollar Dynamics: Despite higher U.S. rates, concerns about deficits, weaponization, and trust erosion drive de-dollarization pressures and potential dollar weakness.
Gold: Strength in gold is framed as a safe-haven response to “dirty laundry” currencies, with China accumulating gold and exploring RMB-linked alternatives.
AI Theme: AI could boost productivity over the long term, but near-term overinvestment and market concentration in AI leaders pose risks.
EVs and Autos: European and especially German automakers face intense Chinese EV competition, with likely tariff responses and industry restructuring risks.
Deglobalization: The U.S.-China split is seen as the central geopolitical axis, shifting supply chains from efficiency to resilience and pressuring costs.
No Stock Pitches: No specific tickers were recommended; discussion centered on themes like AI, gold, EVs, dollar trends, and bond yields.

Why Japan's $20 Trillion Yen Carry Trade Unwind Could End Bull Market | Jim Welsh

Market Outlook: Guest expects a secular bear market in equities to emerge over time, not an immediate recession, with stretched valuations and breadth divergences as warning signs.
AI: AI spend (~1.5% of GDP) and mega-cap concentration drive index performance, but recent weakness in AI-related stocks suggests near-term vulnerability; NVDA earnings were a focal point.
Precious Metals: Gold and silver hit highs, but guest anticipates a multi-month corrective phase (wave 4) with gold potentially toward the high-$3,700s; notes gold can sell off in liquidity crises.
US Treasuries: Guest argues bonds are in a secular bear market with supply pressures; 10-year could break above 5% and trend higher over time, implying headwinds for duration.
US Dollar: Despite de-dollarization talk, he expects a significant DXY rally as negative sentiment reverses and liquidity dynamics (including yen carry effects) support the USD.
Small Caps: Structural underperformance persists with ~35% of Russell 2000 firms unprofitable; cautions against broad small-cap exposure (e.g., IWM) versus quality selection.
Consumer Trends: Signs of spending fatigue spreading up the income ladder; mentions HD’s outlook cut and shifts toward discount retailers like WMT as early stress signals.
Strategy: Stay invested near term but be ready to sell/short on a year-end/early-year rally that fails breadth confirmation; monitor the advance-decline line for a non-confirmed high.

SERIOUSLY, MARVIN?! (Guest: Marvin Barth)

Fed and Inflation: The guest argues the Fed is making a policy error by easing too much, favoring higher inflation ahead and advocating selling Treasuries while being long inflation breakevens.
AI and Semiconductors: Heavy focus on the AI buildout with semiconductors as the key driver; NVDA remains in a strong uptrend into earnings with potential upside momentum.
MAG7 Dispersion: Detailed breakdown of big tech shows mixed signals—AMZN bullish on a fresh breakout, while META broke down, MSFT lacks momentum, and GOOGL’s gap risks exhaustion; AAPL looks extended.
US Dollar: Expectation of a near-term dollar rally as EUR, GBP weaken and USDJPY strengthens, potentially disrupting consensus reflation trades.
Gold and Miners: Gold likely consolidates after a swing high; miners could see a deeper shakeout before offering attractive buy-the-dip opportunities.
Crude Oil Setup: Oil remains in a downtrend but sits near a technical pivot where a breakout above the 50-day could trigger a sharp CTA short-covering squeeze.
Bitcoin Risk Signal: Bitcoin weakness at key technical levels is flagged as a canary for broader risk appetite, especially if AI enthusiasm fades.
China Geopolitics: China’s strategic strength and industrial policy are highlighted as underappreciated market factors, with supply-chain leverage and war-gaming implications for global assets.

AT THE EDGE OF THE CLIFF…

Market Outlook: Hosts see a high-probability equity correction with the S&P hovering near key 50-day triggers as CTA/vol-targeting flows risk flipping post-opex and post-Nvidia earnings.
AI/Nvidia (NVDA): Nvidia is framed as the AI market’s general; a beat is expected but guidance and “sell-the-news” risk are pivotal, with an implied earnings move ~6% and a break below its 50-day seen as a market-wide trigger.
Leadership Narrowness: Breadth deterioration persists, small caps have broken their 50-day and made lower lows, and the equal-weight S&P appears in distribution, heightening downside vulnerability.
Financials & High Yield: XLF is topping and a break sub-52 would be a key canary; a meaningful high yield (junk) breakdown typically accompanies 10%+ equity corrections.
USD & FX Volatility: The US dollar is a buy-the-dip candidate in risk-off; currency vol is too cheap, making USD calls and FX vol straddles attractive hedges.
Commodities: Gold likely remains in a multi-month correction before its next leg higher (long-term bullish), while crude oil shows asymmetric upside with bearish sentiment and potential catalysts that could spark a sharp rebound.
Uranium: Uranium equities’ implied vol has doubled, reflecting elevated policy/event risk; options are rich, making structures challenging despite the strong underlying narrative.
South Korea (KOSPI): The index is highly concentrated in Samsung and SK Hynix; elevated vol and extreme AI-leverage make it a useful barometer and a potential short leg versus QQQ in a relative trade.

Is The Stock Market Now The Most Overvalued It's Ever Been? | New Harbor

Precious Metals: Extended run-ups in gold and silver led to an overheated condition, followed by a sharp pullback; managers remain medium-term bullish and are actively hedging and trimming into strength.
Gold Miners: Miners saw a ~20% correction but remain core positions with options overlays; relative strength has recently favored bullion over miners, which is being monitored for rotation.
US Treasuries: With the Fed likely cutting 25 bps and eyeing an end to QT, yields are trending lower; TLT was highlighted as a beneficiary of declining long rates while T-bills still provide attractive optionality.
AI/Tech Concentration: The market is increasingly driven by mega-cap tech; NVDA ($5T) and MSFT near ATHs underscore liquidity-fueled momentum, but a reversal in tech would likely hit the broader market hard.
Key Tickers: NVDA and MSFT were discussed as major drivers of index performance amid earnings and valuation extremes; TLT was cited as a vehicle for long-duration Treasury exposure.
Oil Services: Recently added to portfolios as the group broke higher after a long lag; Energy trends are improving with oil service leadership.
Emerging Markets: EM has perked up, aided by China-related developments; prior covered-call hedges on EM were used as partial downside protection amid mixed signals.
Risk Management: Financials are lagging and hedged with covered calls, while overall equity exposure is capped near 45%; the team plans to sell into potential melt-ups and reduce risk on breakdowns amid record-high valuations and budding credit stress.

Worst Bear Market Of Our Lifetime To Start In 2026? | Michael Oliver

Market Outlook: Guest forecasts a major topping process and a far worse bear market beginning in early next year, with rate cuts signaling panic rather than support.
Monetary Metals: Strong bullish call on gold and silver driven by spread breakouts versus the S&P, indicating a structural capital rotation into hard money.
Gold & Silver Miners: Miners are deeply undervalued versus gold and the S&P; expectation that gold miners rally strongly and silver miners outperform both.
Price Potential: Gold could feasibly approach prior cycle dimensions (~8x, implying near $8k) while silver could surge to $150–$200 quickly if spread triggers confirm.
Energy & Commodities: Pending bullish triggers in crude oil and broader commodities despite recession risk; historical precedent shows oil can surge during downturns.
Financials & Bonds: Financials (XLF) are underperforming and rolling over; the guest urges avoiding government bonds/Treasuries and challenges the 60/40 paradigm.
Key Companies/Tickers: Nvidia (NVDA) volatility underscores narrow market leadership; Bitcoin is expected to drop toward ~$60k and underperform monetary metals.
Investment Stance: Emphasis on “sound money,” favoring monetary metals and miners now, with commodities as a secondary tailwind; defensive positioning urged for the coming downturn.

SPECIAL REPORT: Is The US About To Invade Venezuela? | Mario Braga, RANE

Venezuela Opportunity: Discussion of a potential $1.7T, 15-year rebuild with a pro-business transition plan focused on restoring rule of law and investor confidence.
Oil & Gas: Venezuela’s 303B barrels of proven oil reserves (17% of global) and large gas endowment make energy the core prize if regime change unlocks access.
Chevron (CVX): The Chevron license saga was detailed, including suspension and selective reinstatement under strict terms, with potential further tightening highlighted as a policy lever.
Venezuela Bonds: Bond dynamics were covered (2017 default, ~$160B to restructure, prices moving from ~10–15 to ~30 cents), signaling rising investor optimism on change.
Extractive Sectors: Beyond oil and gas, mining (gold, diamonds, rare earths) was flagged as a major component of the plan, though dependent on security and institutional rebuilding.
Geopolitical Path: The U.S. buildup suggests escalated strikes on cartel-linked assets to pressure regime change without an unpopular ground invasion.
Sanctions & Policy: Existing sanctions on oil, mining, and banking remain pivotal; Chevron’s license and broader Treasury actions were emphasized as key economic pressure tools.

How Do You Fix the Housing Market?

Housing Market: Extensive discussion on 50-year mortgages concluded they offer little payment relief, slow equity build, and aren’t a true fix; the real solution is increased housing supply and policy support.
Homebuilding Opportunity: Commentary emphasized the need to build more homes, suggesting long-term support for builders if policy incentivizes supply, echoing historical government backing models.
Annuities: Single Premium Immediate Annuities (SPIAs) can be effective for risk-averse retirees, trading liquidity for longevity risk protection and providing peace-of-mind income.
Retirement Planning: Annuities were framed as a viable component of a broader withdrawal strategy, especially when compared to bond yields, with examples of using part of the bond sleeve for guaranteed income.
Crypto: The conversation highlighted crypto’s extreme volatility, FOMO dynamics, and a case for small allocations as a hedge with disciplined rebalancing given the wide range of potential outcomes.
Insurance Product Risks: Strong caution on high-commission permanent insurance pitches for retirement income, noting complexity, misleading sales practices, and preference to avoid for cash accumulation/distribution.
Risk Management: Emphasis on maintaining short-duration Treasuries/cash buffers for sequence-of-returns protection and aligning allocation with willingness, need, and ability to take risk.

Pitch Categories: Podcasts