Michelle Makori was sharply on point in this Miles Franklin interview. We went through my outlook on the macro situation and my favorite minerals, including oil, copper, uranium, gold, and silver. She did her best to get me to make some price predictions, which has become almost a game we play, but I tried to give useful guidance rather than just decline to answer. I like that she came prepared and pushed back on some points... this was fun. Main takeaway: I see several potential opportunities to "buy low" ahead, and am encouraging people to be prepared.

Timestamps:

00:00:00 — Coming Up
00:01:14 — Introduction
00:02:27 — Why Hold So Much Cash
00:06:39 — Volatility And Valuations
00:09:17 — Gold Outlook Base Case
00:10:44 — Silver Signal And Chart Rhymes
00:17:06 — Selling Miners Not Bullion
00:21:29 — Gold Range And Big Upside
00:25:40 — What Could Drive A Drop
00:30:24 — Price Targets And Timeline
00:32:27 — Turning To Silver Next
00:35:58 — Silver as Win-Win Metal
00:37:45 — Silver Price Volatility
00:39:47 — Contrarian Buying Framework
00:41:14 — Bank Targets and Ranges
00:42:28 — Copper’s Bull Case Update
00:49:49 — Cash, Oil and Pair Trade
00:51:46 — Uranium Still Top Pick
00:56:55 — Patience and Contrarian Plays
01:01:45 — Liquidity to Pounce
01:03:50 — Wrap Up