May 8, 2025
Here’s what was covered in episode 316:
Macro Musings - GDP goes negative, and markets call it bullish. Powell punts again. Fed signals it may abandon the 2% inflation target if jobs suffer. Trump touts a “major” trade deal with the UK — that keeps tariffs the same. Tariff fallout grows: ports go quiet, shelves thin out. Paul Tudor Jones says stocks could hit new lows and warns of a 10% chance AI wipes out half of humanity within 20 years. Nick and Gerardo aren’t laughing.
Market Takes - Gold stays firm, holding above $3,300. Silver remains above $32. Copper dips slightly but still strong near $4.60. Utilities and staples — the only S&P sectors up more than 2% YTD — continue to outperform as tariffs benefit domestically sourced goods. Philip Morris up 45% in 2024 because of no foreign dependence. Rotation into commodities is well underway. Bond and currency markets flashing stress. Nick sees more chop ahead but no recession — and new highs later in the year.
Bizarro Banter - The world gets a new pope — a Cubs fan from Chicago. Nick and Gerardo reminisce about 2016, the Cubs’ last title, and the founding of Digest Publishing. AI warning bells ring louder as Elon Musk and other developers privately predict apocalyptic risk. Why NatGold, which tokenizes what it calls “naturally vaulted gold” isn’t for serious investors. Gerardo jokes about naturally vaulted tokenized orgasms. Nick has a naturally vaulted six-pack. If you want to own gold, buy gold. If you want to own Bitcoin, buy bitcoin.
Premium Portfolio Picks -
Resource Stock Digest Interview: Rick Rule on His Early Investment into Empress Royalties, Gold Bull Market Strategy and Upcoming Rule Resource Symposium
Junior Resource Monthly Webinar: $3,000 Gold: The Junior Mining Boom Begins
May 8, 2025
Here’s what was covered in episode 316:
Macro Musings - GDP goes negative, and markets call it bullish. Powell punts again. Fed signals it may abandon the 2% inflation target if jobs suffer. Trump touts a “major” trade deal with the UK — that keeps tariffs the same. Tariff fallout grows: ports go quiet, shelves thin out. Paul Tudor Jones says stocks could hit new lows and warns of a 10% chance AI wipes out half of humanity within 20 years. Nick and Gerardo aren’t laughing.
Market Takes - Gold stays firm, holding above $3,300. Silver remains above $32. Copper dips slightly but still strong near $4.60. Utilities and staples — the only S&P sectors up more than 2% YTD — continue to outperform as tariffs benefit domestically sourced goods. Philip Morris up 45% in 2024 because of no foreign dependence. Rotation into commodities is well underway. Bond and currency markets flashing stress. Nick sees more chop ahead but no recession — and new highs later in the year.
Bizarro Banter - The world gets a new pope — a Cubs fan from Chicago. Nick and Gerardo reminisce about 2016, the Cubs’ last title, and the founding of Digest Publishing. AI warning bells ring louder as Elon Musk and other developers privately predict apocalyptic risk. Why NatGold, which tokenizes what it calls “naturally vaulted gold” isn’t for serious investors. Gerardo jokes about naturally vaulted tokenized orgasms. Nick has a naturally vaulted six-pack. If you want to own gold, buy gold. If you want to own Bitcoin, buy bitcoin.
Premium Portfolio Picks -
Resource Stock Digest Interview: Rick Rule on His Early Investment into Empress Royalties, Gold Bull Market Strategy and Upcoming Rule Resource Symposium
Junior Resource Monthly Webinar: $3,000 Gold: The Junior Mining Boom Begins
May 8, 2025
Here’s what was covered in episode 316:
Macro Musings - GDP goes negative, and markets call it bullish. Powell punts again. Fed signals it may abandon the 2% inflation target if jobs suffer. Trump touts a “major” trade deal with the UK — that keeps tariffs the same. Tariff fallout grows: ports go quiet, shelves thin out. Paul Tudor Jones says stocks could hit new lows and warns of a 10% chance AI wipes out half of humanity within 20 years. Nick and Gerardo aren’t laughing.
Market Takes - Gold stays firm, holding above $3,300. Silver remains above $32. Copper dips slightly but still strong near $4.60. Utilities and staples — the only S&P sectors up more than 2% YTD — continue to outperform as tariffs benefit domestically sourced goods. Philip Morris up 45% in 2024 because of no foreign dependence. Rotation into commodities is well underway. Bond and currency markets flashing stress. Nick sees more chop ahead but no recession — and new highs later in the year.
Bizarro Banter - The world gets a new pope — a Cubs fan from Chicago. Nick and Gerardo reminisce about 2016, the Cubs’ last title, and the founding of Digest Publishing. AI warning bells ring louder as Elon Musk and other developers privately predict apocalyptic risk. Why NatGold, which tokenizes what it calls “naturally vaulted gold” isn’t for serious investors. Gerardo jokes about naturally vaulted tokenized orgasms. Nick has a naturally vaulted six-pack. If you want to own gold, buy gold. If you want to own Bitcoin, buy bitcoin.
Premium Portfolio Picks -
Resource Stock Digest Interview: Rick Rule on His Early Investment into Empress Royalties, Gold Bull Market Strategy and Upcoming Rule Resource Symposium
Junior Resource Monthly Webinar: $3,000 Gold: The Junior Mining Boom Begins