Our second live Q&A session started out with a discussion of the three yellow metals: uranium, vanadium and gold. But first, I started with a definition…

Bulshytt: Technical and clinical term denoting speech (typically but not necessarily commercial or political) that employs euphemism, convenient vagueness, numbing repetition, and other such rhetorical subterfuges to create the impression that something has been said. The word, not to be confused with the broader term, “bullshit,” was coined by author Neal Stephenson in his speculative-fiction novel Anathem.

This was important because when we talk about metals prices and such, so many people want price targets, supply deficit estimates, and other impressive-sounding numbers. But these are, at best, just guesses. At worst, they are deceptive bulshytt that puts our money at great risk. So I had to explain why I do things differently, before getting into what I see in our markets today—and where I’m putting my own money.

Thanks to all who participated. I love the Q&A format; there were some great questions I didn’t anticipate, and those were among the most interesting.

I hope you enjoy the show… 

Links mentioned in the conversation:

The Thud Factor

Anathem, by Neal Stevenson

My Adventures With Your Money, by George Graham Rice.

I will let everyone know when we schedule the next session.

For now, and as always, caveat emptor.

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Monday, February 25, 4:38pm, EST, 2019