This Deep Dive interview digs deep into my updated outlook on the macroeconomic setting for resource investments today. We focused on applying that to gold and uranium, my highest-conviction trades for 2024, but the reasoning covers other commodities. As luck would have it, just after we recorded this session, uranium fell below the $100 floor it had established—but not by much, so my take stands.

 

 

Timestamps:

00:00 — Introduction
01:32 — Gold
04:48 — This is why Gold Stocks are Down
10:46 — Interest Rates and Economy
17:24 — "Gold always does well in a recession."
19:11 — Uranium
23:26 — $100 seems to be the floor
25:21 — Uranium is headed higher this year
28:38 — Cheap energy fixes world problems