Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a longer-format discussion on and the macroeconomic themes and fundamental value drivers that that are presenting catalyst-driven opportunities in select gold, silver, antimony, rare earths, lithium, and uranium stocks.

We start off reviewing the macroeconomic landscape, delving into inflation, GDP growth, effects of tariffs, coming Fed rate cuts, the prospects of stagflation versus reflation, and why the precious metals and critical minerals have continued to receive a bid all year long in this kind of backdrop.

We discuss the large rally this year and in particular the last few months in gold, silver, and the precious metals stocks, but why Nick wrote to his subscribers mid-October recommending that they trim back some of their exposure to the PM sector.   He outlined that trimming is always a nuanced discussion, and does not mean at all that he’s putting a sell out on the sector or that he is no longer bullish.   It just came down to practice, procedure, and prudence for reducing down the asset allocations as they had swelled to become too large of positions in their portfolio and it was time to harvest some gains to be able to redeploy them, fitting in with his “pruning and planting” approach.  

Many investors and analysts will now shift their gaze to the Q3 earnings that come in over the next few weeks, and this could be a constructive catalyst for the PM stocks overall, and bring in more generalist interest.

Next we shift over to the outsized moves to both the upside and downside in the critical minerals space.  Nick highlights how the fast-tracking of permitting using the US Fast 41 initiatives, and the government funding and partnerships with many critical minerals companies is creating its own momentum and speculation in antimony, rare earths, lithium, and uranium stocks.   This goes into many fundamental policies and initiatives from both government and industry that have been lifting the names in these sectors. He is holding onto positions through any of the current volatility, and believe that more names will pop as a flood of capital pours into such a tiny investing space.

We discuss a range of different companies used as examples of how the critical minerals have really been active including:

Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA), CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF), Energy Fuels Inc. (TSX: EFR) (NYSE American: UUUU), MP Materials Corp. (NYSE: MP), United States Antimony Corporation (NYSE:UAMY), Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ), Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), PMET Resources Inc. (TSX: PMET) (OTCQX: PMETF), and Critical Elements Lithium Corporation (TSXV:CRE)(OTCQX:CRECF).

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