Physical Market Strength and Offtake Deals

Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins me to look at the continuation of a number of investing megatrends that did well in 2025 and are on track to keep outperforming in 2026.  We discuss strategies for portfolio management and some of his portfolio trades in gold, silver, copper, uranium, oil, antimony, and nexgen defense stocks in drones, rockets, robots, AI, and quantum computing. 

We start off noting the strong end to last year technically with regards to where gold and silver closed up 2025, and how they started off this year with even higher levels, but more volatility in both directions and have pulled back some here in the mid-week.

• In the larger silver stocks Sean got repositioned a couple of months back in both Pan American Silver and Hecla Mining in 2 of his respective publications and portfolios.
• He discusses some of the reasons why investors have not been pushing the silver stocks to higher valuations, that would be more in line with their increasing margins, revenues, or project economics.  Sean believes that many investors are waiting for a more substantial pullback in the silver price to buy that dip and get positioned into future silver sector weakness.
• We review the significance of this coming earnings season, for both silver and gold stocks, and how the record revenues will become too hard for generalist investors to ignore.
• Sean makes the case for both gold and silver running much higher in the year to come, but does believe that we likely need a short or medium-term consolidation first, before building the energy to bring in the next wave of investing capital to push the sector into the next breakout move higher.
• We talk about the strength of the physical markets over the paper markets, and how this is underpinning the higher prices and creating more traction at overbought levels than many short-term traders were expecting.

From there we broaden out the discussion to the whole commodity complex, which Sean believes will stay in momentum overall, and that these higher metals prices have the attention of manufacturers and fabricators that need a consistent supply of silver, or copper, or nickel, or other critical minerals.

• It is possible that we may see some manufacturers and industry conglomerates come down and actually acquire silver or copper mines while they remain at such attractive valuations relative to the underlying metals prices, just to guarantee supply to their businesses.
• He points to the strength in copper and copper stocks recently and he is very constructive on the longer-term fundamentals for this commodity

Next, we get into the resurgence of nuclear power and strength in the uranium stocks over the last month coming into the new year, and why he remains bullish for the medium to longer term that this sector has much further to rerate higher.

• He underscores the big triple digit gains that he and his subscribers realized in Energy Fuels (NYSE: UUUU) this year.  His interest is getting piqued in this sector once again, because after the large corrective move that the uranium stocks went through at the end of last year, they are now starting to demonstrate relative strength again over the last couple weeks.  

Sean believes this commodities super-cycle will even begin to drag the lagging traditional energy sector and oil and gas stocks higher later in the year. We then contrast that potential for higher prices with some of the weakness seen in parts of the energy complex, after the recent geopolitical uncertainties developing after the US moved in on Venezuela, removing President Maduro over this last weekend, and seizing a few ships full of oil and desiring to get more US companies extracting that heavy oil.

The discussion on geopolitical developments then shifter over to the big budget spending allocated to building and acquiring next generation defense in the US and Europe and around the globe. 

• Sean highlighted Skywater Technology (NASDAQ: SKYT), as a recent winning position for he and his subscribers, in a fairly short amount of time, due to the increased focus on the defense sector.  
• He also flagged the integration of AI and quantum computing into both defense and the civilian sectors for drones and robotics to spur a “robot revolution” in 2026 and moving forward.
• We also point out that if governments and manufacturers want to build out all this next generation defense in drones, hypersonic rockets, rockets into space, and focus on the future potential through robotics, then it is going to take substantially higher amounts of many commodities including copper, silver, nickel, antimony, geranium, and select rare earths.

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This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.