Chris Temple – Base Metals, Gold, and Uranium Resource Stocks In The US To Benefit From The Trump Executive Order Focused On Sourcing Domestic Critical Minerals
Chris Temple, Editor and Publisher of the National Investor, joins us to delve into the renewed interest in base metals, gold, uranium, and other critical minerals and the implications and potential benefits to the US as a mining jurisdiction on the back of the new executive order from Trump issued on March 20th titled “Immediate Measures to Increase American Mineral Production.”
This executive order will utilize the Defense Production Act (DPA) to focus on sourcing more domestically mined, processed, or refined critical minerals and strategic mineral as a matter of national security. There appears to be a joint effort between the U.S. International Development Finance Corporation and the Department of Defense to provide investment support, loans, and possibly grant for mining projects. There is also an expedited priority on reviewing the permitting on projects seeking development from usual base metals like nickel aluminum and copper, but also includes rare earths, gold, and uranium.
Chris outlines what impact these initiatives may have on permitting timelines and regulations around developing new mines, as well as how this could affect opening up more funds, loans, and grants to bring in the necessary capital for moving these projects forward. However, while there are many positives, Chris points to how many hurtles are still in place at various levels of government and from legal actions from NGOs; in addition to how much more real work is needed to earnestly impact the extractive industries in the United States. We also layer on how this executive order squares with other policy initiatives like tariffs on many metals and countries, and a reduction in government workers and cost cutting measures.
This leads into a nuanced discussion of the spotlight and investor interest back on many of the large advanced projects that have been stalled for decades like Northern Dynasty’s Pebble, Trilogy’s Rambler road access to the Upper Kobuk mineral project, Rio Tinto’s Resolution Mine in Arizona, and the Teck-Glencore JV at NorthMet in Minnesota. Chris reminds listeners that with all those projects, if they do ever get approved, they would still be many years from producing more of these critical minerals.
He also highlights examples of how the government and manufacturers have a poor track record of acting in on these kinds of initiatives in a timely manner. Chris points to the disconnect in the long permitting process where the Bureau of Land Management (BLM) finally approved Lithium Americas Thacker Pass Lithium Project, and then automotive giant General Motors announced it would invest $650M in the mine project, giving GM exclusive access to the first phase of production. When everything did finally start lining up for project development, the lithium prices which had been high for years reversed course and cratered in price, with an oversupply of lithium flooding the market and expectations being lowered for EV adoption rates and future demand.
We wrap up with Chris sharing why his top 3 commodities areas for this year are still gold, uranium, and traditional energy with oil and gas companies. He is encouraged by the record all-time high prices in gold during the first quarter of 2025, but feels the biggest opportunity for resource investors at present is in the deeply discounted uranium equities, which he stated “are a gift at these levels.”
Click here to follow along with Chris at the National Investor website.
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Silver down 6%…… gold only down 2%
Makes you wonder if silver has the balls to recover quickly as a monetary metal or collapse as an industrial metal.
YES………… silver has been struggling for years….. never made that big cup and handle move, as did gold……
I still think it is a good investment,…. but, …maybe in a couple of years…from now it will make it’s move…. that $49 top is a long way off…. but, who really knows what the manipulators have in store…..JMO
On the 28th of March I said: “Gold looks like it still has another push higher versus silver which implies that stocks probably have another push lower.”
Stocks are down a lot more than gold today despite gold falling from an all-time high after going higher relentlessly.
https://stockcharts.com/h-sc/ui?s=QQQ%3AGLD&p=W&yr=3&mn=11&dy=0&id=p40678669326&a=1745773727
Right to fork support for SLV:GLD…
https://stockcharts.com/h-sc/ui?s=SLV%3AGLD&p=D&yr=0&mn=11&dy=0&id=p30164916880&a=1894810900
It’s wild and obviously a bullish show of strength that GDX has turned positive despite it looking ready for a correction and stocks getting crushed.
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=3&dy=0&id=p93895462210&a=1942489185
AAPL is down 8% (9.5% earlier) after bouncing at fork support.
https://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=1&mn=0&dy=0&id=p13825712826&a=1930800646
SILJ is now down less than 1% even though silver is still down 6.5%
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=1&dy=0&id=p23988265873&a=1162760146
Nice! HOFDFL!!!
It’s interesting how the US markets are suffering the biggest % sell off after liberation day. 🤣🤣🤣
And I’m not an expert on the various trade deals and previous tariffs countries around the world have but I do know some along with Canadas and based on that I can say not a single truth was spoken by Trump. At some point the average American has to get tired and outright embarrassed by having a president who is a chronic liar and sending them into the abyss.
Hint, they all are liars! Do you think JT as you like to call him was any different plus, he sent Canada into the abyss. DT
lol. Yes DT all politicians are liars in some form or another about what they will do vs what that actually do in the end but Trump is literally making up things that are easy to fact check like a trade deficit figure or an existing tariff %….and no need to bring up JT anymore thankfully that’s over ….but I fear the woke wanker lefts will still be a minority govt 😞
Wolfster, do you actually believe that Trump (or any potus) is anything more than a figurehead? There’s a reason foreign policy never changes despite strenuous rhetoric and promises while campaigning and there’s a reason the national debt keeps growing exponentially and there’s a reason the Federal Reserve and IRS exist. And for some reason the herd is forever incapable of figuring any of it.
Sorry guys. Maybe I’m doing a terrible job of explaining myself. It’s the blatant lies. He may as well be saying the sky is pink. We can all look up and see he’s full of shite.
“ History never lies but politicians do without fail”
“Lying is an essential part of political survival “
and so on……
https://www.tradingview.com/x/SJYzcw4g/
GDX : Doing Great In This Downturn
Your Discomfort Means It’s Working
This tariff sea change reverses the gears of a machine that has been in motion for decades.
Quoth the Raven – Substack – Apr 03, 2025
“With the amount of squirming and outright panic in the news media, markets, and on social media, you’d think we were 50 years into a 100-year bout of famine, plague, depression, and pestilence.”
“Let’s all just gather our heads for a second. At a very basic psychological level, people are opposed to change. It doesn’t matter whether it’s changing their cable provider or taking a detour in traffic.”
“Extrapolating from this, people are really opposed to bigger, more consequential change. Extrapolating from this, in the world of finance, I have consistently argued that market participants have been falsely conditioned by our monetary and fiscal policy in this country to always expect comfort and never expect interruptions from the market moving higher, or the quality of life status quo that we believe we are entitled to here in the United States to suffer.”
This concept was the basis for my article explaining why I thought the next market crash would “break the brains” of market participants…”
https://quoththeraven.substack.com/p/your-discomfort-means-its-working
The Dow is down 31% versus real money since topping in February last year. That’s right, stocks put in a major top over a year ago in real terms and if more would understand the value of looking at things in real terms times like now wouldn’t be such a huge surprise.
A significant low is probably coming soon even though the stock market bear is far from over.
Notice that the last significant top happened with a gap up the week after the election. It’s been down sharply from there while most price chart watchers remained clueless and bullish.
https://stockcharts.com/h-sc/ui?s=DIA%3AGLD&p=W&yr=6&mn=11&dy=0&id=p86508305191&a=1116098205
Interesting low for the dollar today.
Monthly chart:
https://stockcharts.com/h-sc/ui?s=%24USD&p=M&yr=20&mn=0&dy=0&id=t5686786094c&a=850468168&r=1743751450789&cmd=print
https://www.tradingview.com/x/1KYyLTqR/
DOLLAR : Dumped : Bullish Gartley?