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Stansberry Investor Hour

Latest episodes

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Aug 5, 2024 • 60min

We're Entering a New Bull Market in Gold

On this week's Stansberry Investor Hour, Dan and Corey welcome Rudi Fronk back to the show. Rudi is the founder, chairman, and CEO of Seabridge Gold (SA). With more than 35 years of experience in the gold industry, Rudi is an expert in his field. He joins the podcast to talk all about precious metals mining, future opportunities for gold and copper, and what sets his company apart from the rest. Rudi begins by giving a brief history of how he got into gold mining. He shares the reason he started Seabridge with shareholder value in mind. He also breaks down some of the risks involved in mining – including working in politically unstable countries – and why he'll never build another mine again. After, he talks a bit about the technical aspects of drilling, exploration, and the process behind estimating how much gold is in the ground. (1:14) Next, Rudi discusses potential joint-venture opportunities with leading mining companies for Seabridge's KSM property, mainly thanks to increased demand for copper. He also talks about the importance of permitting, catalysts that could move Seabridge's share price higher, offsetting share dilution, and early-stage projects that are in the works. And Rudi makes his case for why gold is entering a new, interesting bull market. (16:55) Finally, Rudi shares his opinion on bitcoin, talks further about soaring copper demand, and delves into Seabridge's goal of giving back physical gold to investors. As he explains, the KSM property is expected to produce more than 1 million ounces of gold per year for the first 33 years. And 35% to 49% of gold produced will be returned to the company. (33:56)
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Jul 29, 2024 • 58min

Buy What Wall Street Hates

On this week's Stansberry Investor Hour, Dan and Corey are joined by investor and bestselling author Larry McDonald. Larry founded The Bear Traps Report, an investment newsletter that looks at global political and systemic risks when making actionable trades. He is also a frequent contributor on CNBC, Bloomberg, and Fox Business News. Larry kicks off the show by sharing his history as a trader at Lehman Brothers and how certain parts of today's market mirror the 2008 crash. He notes that commodities are extremely cheap while semiconductors just hit an all-time high. Larry predicts that capital will migrate back toward real assets. He also discusses what a second Donald Trump presidential term would mean for the bond market, the huge risk with inflation, and a possible bright spot for the housing market as Baby Boomers age. (1:01) Next, Larry breaks down his trading strategy involving capitulation. He brings up the extreme 20% discount in copper today and makes a five-year bull case for natural gas. This leads to a conversation about the current hot stocks in artificial intelligence ("AI"). Larry says that the AI mania has gotten so bad, chief financial officers at tech companies have to invest in AI even if they don't want to, for fear of losing their jobs. He believes we're in the early stages of an unwinding. And he notes that many companies adjacent to AI, like those relating to the electrical grid, have been left for dead. (17:36) Finally, Larry explains that the pain cycles following market bubbles should be longer, but quantitative easing has gotten in the way of that natural process. Bad businesses used to be cleaned out, but now they're able to survive. Larry condemns "evil" passive investing and talks about how much worse the practice has gotten in the past decade and a half. He then lists off a few specific stocks he finds attractive today and advises investors to be careful about buying dips. (36:56)
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Jul 22, 2024 • 1h 3min

Stop Paying Too Much for Stocks

On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague Mike Barrett back to the show. Mike is editor of Select Value Opportunities and senior analyst of Extreme Value. He joins the podcast to talk extensively about valuations, why you should never pay too much for a stock, and the opportunities he sees in the market today. Mike kicks off the episode by giving updates on his pecan plantation and his weekly Select Value Opportunities newsletter. He explains that this service helps subscribers beat the market while taking on less risk. The portfolio has returned about 14.5% since inception and has outperformed its benchmark for nearly 80 straight weeks. Mike's secret to outperformance is his system... It focuses on valuations and gives daily rankings of 100 well- known stocks. That way, subscribers can enter positions at an ideal moment. Mike emphasizes the importance of valuation and reminds listeners that it's a metric for future performance. (1:34) Next, Mike analyzes the differences between valuing stocks in public markets and his past experience with valuing real estate in private markets. Plus, he talks more about momentum being another important factor in picking stocks and how valuations have changed in recent times. As Mike explains, the first year he started his service, only 5% of stocks were overvalued. Now, in the past year, 30% are. This is "unprecedented" and a "warning sign" that investors should be aware of. Still, Mike's system can help prevent huge losses. (19:28) Finally, Mike gives his opinion on the overall market action and the broader economic picture. He brings up market cycles, his belief that unemployment is about to be a big issue, and factors that will lead gold and silver prices higher from here. He points out that there are fewer higher-paying jobs available now and that most growth has been in lower-paying jobs. This is skewing the jobs data. And he also discusses the importance of the housing sector when it comes to inflation. (37:27)
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Jul 15, 2024 • 1h 9min

250 Million Americans Could Die If the Power Grid Goes Down

On this week's Stansberry Investor Hour, Dan and Corey are joined by investor and award-winning filmmaker David Tice. David is the chief investment officer and senior adviser of a short-selling exchange-traded fund. He also is partner at Moran Tice Capital Management, an investment-advisory firm.  David kicks off the show by discussing his documentary starring Dennis Quaid, Grid Down, Power Up. The film centers around what would happen if the U.S. power grid went down and the country was left without electricity for a lengthy period of time. David talks about how preventable the catastrophe could be if the government invested in utilities. And he shares that a disaster like this could result in hundreds of millions of Americans dying of starvation or water deprivation. As David emphasizes, this is a very real danger, as America's adversaries are already in the grid from a cyberattack standpoint. (1:36) Next, David details his short-selling AdvisorShares Ranger Equity Bear Fund (HDGE). He explains that the fund is up year to date since many bad companies are finally starting to do poorly in the market, especially in commercial real estate. And several factors – overvalued stocks, high interest rates, massive national debt – are setting the country up for a huge decline. David urges listeners to prepare for the worst rather than try to eke out a few more percentage points in gains, especially considering today's geopolitical conditions. (17:44) Finally, David breaks down how he and his team at HDGE discover companies to short. He cautions, however, that bad stocks can soar just as much as good stocks, so timing is the key factor. After, David discusses his precious metals hedge fund and the huge opportunity he sees in mid-cap producers that are selling extraordinarily cheaply. He lists off two particular gold stocks he's a fan of and explains why he has so much hope for this sector. (34:57)
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Jul 8, 2024 • 1h 4min

Be Greedy and Let Your High-Quality Winners Run

On this week's Stansberry Investor Hour, Dan and Corey are joined by their colleague Whitney Tilson. Whitney is the lead editor on Stansberry's Investment Advisory – Stansberry Research's flagship newsletter – as well as Commodity Supercycles and his free e-letter Whitney Tilson's Daily. Once dubbed "The Prophet" by CNBC for his prescient calls, he joins the podcast to share some financial wisdom with listeners.  Whitney kicks off the show by talking about the value of attending investing conferences and other company meetings. You can gain insights, talk to fellow investors, share ideas, and either discover promising trends or discover which trends are "bombs." Whitney emphasizes that avoiding calamities is just as important as finding the next big investment idea. He shares his experience with short selling and how he actually lost a lot of money by employing the technique. This leads to a conversation about value traps – what they are and how they can lead to ruin. (1:24) Next, Whitney details his storied history with Netflix and why he went from shorting the company to investing in it. Ultimately, he found a 90-bagger. But he sold the stock early and left money on the table. The "most important lesson" he learned from that experience is to let your winners run. As Whitney explains, that's why index funds outperform almost all active managers over a long period of time – because they never sell their winners. (16:40) Finally, Whitney hammers home that investors should be selective with stocks and only buy the best-quality businesses. Many of these companies see large drawdowns at some point, which can be perfect buying opportunities... even if you're not able to find the exact bottom. Whitney predicts that Nvidia could see a sizable drop since the company is relatively young and volatile. After, he shares that value stocks, small-cap stocks, and international stocks are all at 20-plus-year lows. This extreme underperformance presents an opportunity for investors wanting to diversify their portfolios. And Whitney also breaks down how to spot a high-quality business that may be struggling in the short term versus a value-trap business that will only head lower. (35:02)
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Jul 1, 2024 • 1h 10min

You Can't Cut Corners in Investing or in Life

On this week's Stansberry Investor Hour, Dan and Corey are joined by E.B. Tucker. E.B. is an author, editor of The Tucker Letter, and investor with decades of experience in the precious metals market. E.B. kicks off the show by discussing the unavoidable loss of privacy in the modern era, how societal pressures influence the lives of people of all ages, and the strength it takes to challenge these conventional systems. As he explains, in both the real world and in the world of finance, you need to learn to let go in order for something better to come along. E.B. also breaks down why voting as a shareholder is so important. (1:42) Next, E.B. recommends a few nonfinance books – one about the philosophy of happiness and one about Yemeni coffee. He reminds listeners that life is about doing what makes you feel fulfilled and that you should never live according to others' expectations. This leads to a discussion about the role money plays in giving you the freedom to do whatever makes you happy. (23:16) Lastly, E.B. talks about his new book he's working on and how he hopes it'll make readers reflect on their own life and learn lessons to help them evolve as people. He relates this to financial teachings, where many readers want shortcuts instead of actually learning for themselves and growing their techniques. E.B. emphasizes that understanding your own relationship to an investment is the real secret to success. (40:44)
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10 snips
Jun 24, 2024 • 59min

Where to Find the Biggest 'Hidden Gems' of the AI Boom

Wall Street veteran Marc Chaikin discusses bullish market trends, AI boom impact, and upcoming newsletter focusing on 'hidden gems' in mid-cap stocks. He highlights sectors to watch, compares AI to the Netscape era, and shares insights on AI tools and job displacement.
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Jun 17, 2024 • 1h 2min

We Need to Stop Thinking About Climate in an Anti-Human Way

On this week's Stansberry Investor Hour, Dan and Corey welcome author Alex Epstein to the show. Alex has written several books advocating for the use of fossil fuels, including his most recent work, Fossil Future. The self-described "energy-freedom advocate" joins the podcast to challenge the popular climate-change narrative and provide more context for the crucial role fossil fuels play in society. Alex kicks things off by weighing in on the debate around climate change and the effects of fossil fuels. He argues that the benefits of using fossil fuels far outweigh the negatives and that, in many cases, energy can be used to overcome any adverse effects. Alex also breaks down the myth of unsustainability, the anti-human bias implicit in environmentalism, and the incorrect belief that more folks die of climate-related catastrophes today than in the past. (2:38) Next, Alex discusses his impact with politicians and lawmakers. He explains that 200 major political offices use his content to direct policy and become more informed on energy topics. Alex then shares his opinion on climate change, pointing out that we're currently in a climate renaissance and that the Earth has never been more livable for human beings. He brings up geoengineering as a way to cool the climate, asserts that the negative environmental impacts are severely overblown, and emphasizes the crucial role energy plays in the economy. (21:30) Finally, Alex talks about climate-change rhetoric dominating in elections, the harm that tech companies have done by blatantly lying about being 100% renewable, and why humans should take pride in the fact that we're progressing as a species and learning to use the Earth in new ways. He puts the anti-impact perspective into both a philosophical and historical context, noting that primitive religions believed "sinning" against nature had dire consequences. (34:19)
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Jun 10, 2024 • 1h 9min

A New Government Act Could Disrupt the Biotech Industry

On this week's Stansberry Investor Hour, Dan and Corey welcome their colleague John Engel to the podcast. John is the lead equity analyst on the Stansberry Innovations Report newsletter, where he finds companies that are revolutionizing their respective industries with cutting-edge technology. He also works on Prosperity Investor, a newsletter that focuses on opportunities in the health care sector. John kicks off the show by detailing the new Biosecure Act that's currently moving through Congress. Its purpose is to limit China's access to U.S. biological information. As he explains, this legislation is going to disrupt the industry, hurt biotech companies, and possibly even bankrupt the smaller players. But, conversely, it's going to allow other contract development and management organizations to replace Chinese ones, creating massive opportunities for investors. John also shares how he got his start in the biotech field at a fermentation lab and as a molecular biologist before shifting to the world of finance. (2:19) Next, John talks about the pandemic, vaccines, and the current bear market in biotech. He mentions one big story in biotech that he believes isn't getting enough attention – bispecific antibodies. This development allows one drug to hit two targets, so patients no longer have to receive two different drugs for treatment. This leads to a conversation about gene editing, personalized medicine, and rare diseases. (22:01) Finally, John delves into AI, Nvidia, and the "hype cycle" surrounding the technology. He points out that companies are desperate to use AI to their advantage, but for many of them, there's no use for it in their business. Plus, John discusses "advanced general intelligence," which involves systems that can reason like human beings. (42:27)
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4 snips
Jun 3, 2024 • 1h 32min

The U.S. Is Headed Off a Cliff

Chemistry professor Dave Collum discusses controversial topics such as the link between vaccines and autism, geopolitical issues like the war in Ukraine, and predicts a 40-year bear market in the U.S. He also raises concerns about AI reducing creativity and cluttering scientific literature.

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