When Soar Financial's Kai Hoffman interviews me, he likes to ask me about the Fed and global economics, even though I keep telling him I'm not an economist. Still, independent speculators must have their own thoughts on what's going on to make decisions—and stand by them. And my economic outlook certainly guides my take on various metals and other minerals as a basis for speculation. We spent the most time on gold, where I find the "gold beach ball" market action quite encouraging, but we also covered my other favorite minerals.

Timestamps:

00:00 — Intro
01:05 — What the Fed isn’t saying
02:15 — Inflation vs unemployment reality
03:12 — Stagflation: the real setup
04:10 — Gold at $4,000, what it means
05:40 — Are we heading back to QE?
06:31 — The K-shaped economy explained
08:18 — Could the Fed cut with rising inflation?
09:33 — Gold’s beachball pattern
10:39 — Is the next big gold move up or down?
12:00 — Silver’s volatility and industrial squeeze
13:57 — Why silver catching up too fast was a warning
15:24 — Mining stocks and market sentiment
16:59 — Taking profits vs fear
17:57 — “No one goes broke taking profits”
19:01 — Why Lobo still holds bullion
19:20 — Copper: Lobo’s #1 conviction trade
21:43 — Supply crunch and global demand
22:47 — Copper vs uranium risk
23:51 — What investors should take away