Palisades Gold Radio

Edward Bonner, an Investment Associate at Sprott Asset Management USA, dives into the gold market and broader commodity trends. He reveals that gold is still significantly under-owned and suggests we're in the early stages of a potential bull market. Bonner discusses the importance of management and project-related factors in mining investments and highlights opportunities in undervalued commodities like vanadium and rare earths. He emphasizes geopolitical tensions driving central bank gold buying and the cyclical nature of the market, offering insights for savvy investors.

Rick Rule, an investor and CEO of Rule Investment Media with nearly 50 years in natural resources, shares compelling insights on commodity markets. He predicts significant growth in gold as U.S. dollar purchasing power declines, suggesting a threefold price increase for the precious metal. Rule remains bullish on oil and gas, deeming them essential for decades, and calls companies like Exxon undervalued. He also highlights underinvested commodities like copper and nickel, cautioning about environmental costs in nickel production while identifying long-term opportunities.

Lobo Tiggre, author and founder of the Independent Speculator, dives deep into the commodities market. He highlights how central bank buying and rising interest are propelling gold, while cautioning about potential corrections. Lobo champions copper's bright future, driven by electrification and AI demand, forecasting a long bull market. He also expresses optimism for uranium, citing its constrained supply and the global shift towards nuclear energy. Overall, he offers a value-oriented approach to navigating these fluctuating markets.

In this engaging conversation, Matt Smith, co-author of "The Preparation" and host of "Doug Casey's Take," delves into the fascinating world of gold and geopolitics. He argues that the current gold surge, topping $4,040, could indicate a unique transformation in the market, driven by potential U.S.-China agreements. Smith also discusses critical minerals and how U.S. strategies in this area might reshape economic landscapes. His insights into the future of monetary systems and the role of experiential learning make for a thought-provoking listen.

Join Josh Young, Chief Investment Officer and Founder of Bison Interests, as he dives into the fascinating world of commodities. He discusses the bullish case for oil amidst a prevailing bearish sentiment, highlighting significant global underinvestment in exploration. Young predicts a supply crunch due to declining production investments and persistent 1% demand growth. He also shares insights on natural gas, driven by rising demand from LNG exports. Discover his top equity opportunities, including small-cap producers, and hear his thoughts on precious metals like gold and silver.

Stijn Schmitz welcomes Greg Orrell to the show. Greg Orrell is President and Portfolio Manager, OCM Gold Fund. In this engaging discussion, Orrell provides deep insights into the current gold market, highlighting the significant price movements and underlying economic factors driving precious metals’ performance. Orrell explains that gold’s current surge, over 50% this year, is primarily driven by global government debt and currency debasement. He argues that central banks are increasingly viewing gold as a stability anchor, with many countries looking to diversify away from the US dollar. The unprecedented monetary landscape has created a unique environment where gold is seen as a critical financial instrument. As a seasoned investor with 40 years of experience, Orrell describes himself as a long-term value investor focused on gold and silver mining companies. His investment strategy involves carefully selecting mining companies across different stages – from major producers to exploration companies – with a keen eye on management quality, project feasibility, and potential for long-term value creation. Orrell is particularly critical of mining companies that pursue “profitless prosperity” by unnecessarily lowering cut-off grades or extending mine life without creating shareholder value. He emphasizes the importance of margin expansion and maintaining disciplined investment approaches. The discussion also explores the broader economic context, including government debt, potential currency challenges, and the shifting global monetary landscape. Orrell believes we are in a unique monetary cycle driven by declining confidence in traditional currency systems. Regarding investment opportunities, Orrell suggests investors should maintain a 5-10% position in gold and silver assets as a form of monetary insurance. He sees significant potential in gold and silver miners, particularly as central banks and international markets increasingly recognize these metals’ strategic importance. Timestamps:00:00:00 – Introduction00:01:25 – Guest Background Story00:04:19 – Investment Philosophy Overview00:05:38 – Gold Market Surge Analysis00:08:45 – Government Shutdown Effects00:12:30 – Historical Currency Parallels00:16:28 – Gold & Central Banks00:19:10 – Juniors & OCM Strategies00:28:23 – Finding Value In Miners00:34:04 – Dilution & Other Concerns00:42:07 – Silver Miners & Value00:48:15 – Concluding Thoughts Guest Links: Website: https://ocmgoldfund.com/ The OCM Gold Fund has been managed by its long-time portfolio manager Greg Orrell since 1996. He is one of the longest tenured gold fund portfolio managers in the industry. With over 40 years of investment experience in the precious metals mining sector along with a deep understanding of gold’s monetary role, Greg is uniquely qualified to manage the assets of the fund. The specialized nature of the gold sector demands experience to evaluate and identify opportunities and cycles within the sector while managing the associated risks. Greg’s experience and belief in gold as money is what sets the OCM Gold Fund apart and aligns the Fund with its shareholders. Greg received his BS in Economics and Business Administration from Saint Mary’s College of California. Greg is also the president of Orrell Capital Management, investment adviser to the Fund, and received his BS in Economics and Business Administration from Saint Mary’s College of California.

Garrett Goggin, a seasoned gold analyst and founder of The Golden Portfolio, dives into the current dynamics of the gold market. He discusses the implications of skyrocketing U.S. debt and foreign central banks shifting away from treasuries. Garrett highlights the undervalued potential in gold mining companies and his focus on high-grade exploration projects. He underscores the importance of management quality and offers insights into portfolio strategies, including equal weighting and the benefits of royalty investments. The conversation also touches on the future role of silver in the market.

Tavi Costa, a macro strategist at Crescat Capital with a unique journey from Brazil's hyperinflation to finance, shares insightful market analyses. He discusses the bullish outlook for gold and silver, highlighting central banks' shift towards gold amidst economic uncertainties. Tavi emphasizes a striking 45-year cup-and-handle pattern for silver, predicting prices could soar. He also explores mining companies' profit potentials and the compelling case for investing in energy due to reduced oil inventories. Independent research is key to his strategies, making this a must-listen for investors.

Shawn Khunkhun, CEO of Dolly Varden Silver Corp and a mining industry veteran, shares his bullish outlook on silver's unique role as both a monetary and industrial metal. He emphasizes a significant supply deficit, predicting prices could surge beyond $50, potentially hitting $75 or even $150. The conversation explores rising monetary demand, central bank interest, and the challenges of increasing silver supply. Khunkhun also discusses investment strategies, suggesting physical bullion and royalty companies as smart ways to gain exposure to this undervalued asset.

In this engaging discussion, Adrian Day, CEO of Adrian Day Asset Management and expert in precious metals investing, explores the strong fundamentals driving gold. He highlights increasing interest from central banks and retail investors, alongside a significant influx into gold ETFs. Day argues that the current economic climate is favorable for gold and mining stocks, with insights on silver's market potential and the impact of geopolitical tensions on investments. He also discusses the value of major gold producers and opportunities among smaller companies.