John Rubino, Founder of the Dollar Collapse website and editor of his newsletter over at Substack, joins us for discussion on the macroeconomic forces moving the general markets, commodities, and precious metals in both the near-term and longer-term.
We start off discussing the bifurcated energy markets, where the uranium sector and related stocks have been seeing positive traction higher lately, while oil and nat gas prices and related companies have been trekking lower and have remained under pressure for most of this year. This leads to a discussion around so many economists and market pundits continuing to expect an economic contraction and eventual recession later this year and heading into early next year, and how that may effect the energy sector. John mentions that this slowdown in the economy could be a “gut check” moment for commodities investors, and still dampen down important energy metals like copper in the near future, despite the compelling longer term supply/demand fundamentals.
With regards to US equity markets, we are seeing quite a contrasting sentiment and outlook, where there is low volatility and a lack of apparent concerns about a slowing economy. Generalist investors continue to pile into US equities, especially observable, as of late, in the bloated valuations of the mega-cap tech stocks and AI stocks. This leads to a discussion on how corporate earnings are misaligned with what we are seeing in the market prices and valuations, and could present an added level of risk for a market correction as things progress through this year.
Wrapping up we have John outline the current state of the precious metals markets, how the macroeconomic trends and performance of the general equity markets may present opportunities for the brave during any further corrective periods in gold, silver, or the related PM mining stocks.
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