Mining Stock Daily Mountainside Chat with Julian Brigden: Skepticism in a September Cut
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Aug 13, 2025 
Julian Brigden, co-founder of MI2 Partners and macroeconomic expert, shares his insights on the current financial landscape. He explores the intricate dynamics between the US dollar, inflation, and bond yields. The discussion pivots to investment strategies in the mining sector, highlighting the significance of South American markets and the evolving role of Brazil in rare earth elements. Brigden also navigates the precious metals markets, indicating a possible shift in favor of silver as inflation rises, while emphasizing the impact of political shifts in Argentina on resource investment.
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Inflation And Labor Keep Fed Cautious
- Inflation remains sticky, especially core services, which undermines justification for aggressive rate cuts.
- The labor market is slowing hires but not firing, keeping unemployment low and wage pressure persistent.
Loose Policy Points To A Weaker Dollar
- Loose monetary and fiscal policy together should be dollar negative if sustained.
- A weaker dollar could unleash a broad reflationary wave across commodities and some global equities.
Broaden Beyond US Equities
- Broaden your investment horizon beyond US equities if the dollar weakens and reflation arrives.
- Consider allocations to emerging markets, commodities, and foreign-listed miners to capture currency and commodity upside.