John Waldie: We’re Only in the 2nd Inning of a Resource Bull Market

Aug 7, 2025

John Waldie, Senior Portfolio Manager at SCP Resource Finance, discusses the dynamic landscape of natural resources. He highlights that we’re only in the early stages of a resource bull market, with silver poised for impressive gains and rare earths gaining strategic importance due to national security. Waldie explains how SCP quickly identifies lucrative opportunities, and he shares insights on the benefits of private placements for investors. He anticipates significant shifts in the gold market, driven by trends like de-dollarization and BRICS developments.

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ANECDOTE

Transformative $400M Gold Deal

SCP orchestrated a $400 million deal transforming a silver company into a producing gold company.
This company soon became part of the TSX index, benefiting both the issuer and SCP clients.

INSIGHT

Early Stage Resource Cycle Gains

Properly financed resource companies with world-class assets can deliver 2-3x returns much faster than other sectors.
We're likely only in the second or third inning of this resource bull market cycle.

INSIGHT

When Bull Market Peaks Happen

Exponential returns signal the end of a cycle, like during the dot-com bubble.
Current resource returns are solid but not crazy, implying the bull market has years left.

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Is the biggest opportunity in natural resources still ahead? In this high-conviction interview, John Waldie, Senior Portfolio Manager at SCP Resource Finance, joins Trey Reik to explain why we’re still early in the resource bull market—and where the smart money is moving now. From silver’s breakout potential to rare earths, uranium, and early-stage gold exploration, Waldie outlines why SCP is seeing 3x gains and why investors should pay close attention.

Waldie also reveals how SCP’s team moves faster than big banks: getting boots on the ground, spotting major discoveries, and financing them before the rest of the market catches on. He explains how deals like a $400M U.S. Department of Defense investment into MP Materials are reshaping the future of resource supply chains, and why silver could soon leave gold in the dust.

Key insights:

• Why silver could break through $40, and go much higher

• How SCP identifies early-stage deals before anyone else

• Why U.S. national security is driving rare earth and uranium investments

• The SCP private client model: Access to private placements & asymmetric upside

• What central banks, BRICS, and de-dollarization mean for gold’s future

• Why generalist investors haven’t arrived, and why that’s bullish

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#Wealthion #Wealth #Finance #Investing #Silver #Gold #Uranium #RareEarths #Commodities #NaturalResources #MiningStocks #GoldInvesting #SilverStacking #HardAssets #MacroInvesting #ResourceBoom

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