Weekend Show - Peter Boockvar & Brien Lundin - Geopolitics to Metals Mania: Venezuela, Critical Minerals, and the New Commodity Playbook

Jan 10, 2026

Peter Boockvar, Chief Investment Officer at Bleakley Financial Group, discusses the implications of U.S. military actions in Venezuela, presenting a bullish long-term oil outlook despite current low prices. He highlights potential commodities catching up due to tightening supplies. Brien Lundin, editor of the Gold Newsletter, shares insights on the unique surge of silver driven by industrial demand and investment competition. He also discusses bullish trends in gold, copper, and uranium, emphasizing the ongoing resource bull market amidst geopolitical tensions.

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INSIGHT

Contrarian Bull Case For Oil

Peter Boockvar argues oil is cyclically cheap with WTI around $58 and long-term upside potential.
He cites weak speculative longs, maturing US shale, and constrained OPEC spare capacity as bullish drivers.

INSIGHT

Shale Maturity And Positioning Risk

Boockvar warns US shale growth is maturing and many basins are rolling over despite record production.
He highlights low speculative positioning and low inventories at Cushing as potential catalysts for a rally.

ADVICE

Rotate Into Depressed Commodities

Consider adding beaten-down commodities like oil and agriculture to portfolios as hard-asset demand rises.
Use exposure to critical raw materials as a portfolio diversifier amid geopolitical shifts.

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This Weekend Show connects the week’s biggest geopolitical catalyst - U.S. military action tied to Venezuela’s oil - and what it could mean for commodities and markets in 2026. Peter Boockvar lays out a contrarian oil thesis built on depressed prices, positioning, and shale maturity, while Brien Lundin explains why silver’s surge looks structurally different this time - driven by physical tightness and industrial buyers forced to compete with investors, all against a backdrop of critical-minerals policy momentum.

Segment 1 & 2 - Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and editor of The Boock Report, who weighs in on geopolitics, arguing the U.S. action in Venezuela doesn’t change his bullish long-term outlook for oil, and discusses why depressed energy, agriculture, and select commodities could play catch-up amid tightening supply, shifting sentiment, critical minerals policy, evolving AI investment dynamics, and the growing importance of long-term interest rates in 2026.
Click here to follow Peter at The Boock Report - https://peterboockvar.substack.com/

Segment 3 & 4 - Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, to discuss the historic surge and volatility in silver driven by physical supply constraints and investment demand, plus his outlook on gold, copper, lithium and uranium as the broader commodity bull market gains momentum. We discuss the equities for each commodity sector as well.
Click here to learn more about the Gold Newsletter. - https://goldnewsletter.com/

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Investment disclaimer:

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 may own shares in companies mentioned.