Bizarro World Live: Episode 366

1:00 pm

PT

|

4:00 pm

ET

May 28, 2026

Here’s what was covered in episode 366:

Macro Musings - The episode opened with a Memorial Day reflection, congratulations for recent graduates, and a reminder that life moves fast. Gerardo noted the passing of Kyle Busch at 41, using it as another reminder that things can change quickly and that people should enjoy what they have while they have it. From there, the conversation turned back to markets, where the major indices continue to hit new record highs despite geopolitical uncertainty, Iran headlines, and ongoing concern that Israel is still pushing to control the outcome of any U.S.-Iran deal.

Nick pushed back on the idea that investors should panic just because high-profile names like Michael Burry or Andrew Ross Sorkin are warning about bubbles and crashes. The market may be expensive, and parts of it are clearly frothy, but that does not mean investors need to yell fire in the theater while the S&P 500 continues closing at record highs. The VIX has fallen back below pre-Iran-war levels, earnings from companies like Walmart and Target remain okay, consumer spending is holding up, and the stock market still looks strong even if the real economy is uneven.

The broader message was that the market is not the economy. Inflation is still working through the system, growth may slow later in the year, and the new Fed chair is stuck between a rock and a hard place. But for now, liquidity is still driving asset prices higher, and investors who bought into every crash headline have missed a strong rally. Nick emphasized that corrections and bear markets are normal, but not every pullback is 1929. Sometimes the right move is simply to keep an umbrella nearby rather than sell everything because rain may eventually come.

Gerardo tied that back to rates, oil, and Iran. The 10-year Treasury pushing above 4.5% again appeared to trigger another round of pressure for progress on Iran negotiations, while oil has fallen from roughly $106 to the $93–$94 range on hopes that diplomacy is advancing. Both hosts remain skeptical of the headlines, but they agreed that ending or de-escalating the war would be positive for human lives, the U.S. Treasury, military readiness, and the broader market setup.

Market Takes - Commodities remain resilient despite a lack of energy in the junior resource market. Gold is still near $4,500, silver is around $77, copper is near $6.15, uranium remains boring, and lithium looks like a coiled spring. Gerardo emphasized that these are still clear bull markets in gold, silver, and copper, even if junior mining equities are illiquid and quiet heading into summer.

Nick agreed that precious metals are softer in the short term than base metals and agricultural commodities. Copper looks healthier than gold and silver, and agricultural commodities remain strong due to higher fertilizer and input costs. Gold and silver remain long-term bullish, but the current pullback may be creating opportunities in the related equities. Nick said he has been deploying capital into gold equities during the weakness.

The discussion then moved into platinum and palladium after Nick referenced a recent Rick Rule interview with Van Simmons of David Hall Rare Coins. Van noted that several billionaires have entered the collectible coin market over the past year and that wealthy buyers are increasingly chasing the highest-quality, rarest assets. He also pointed to platinum and palladium as areas of value, particularly because platinum is rarer than gold and historically traded at a premium before falling out of favor.

That led into a broader discussion of the upcoming Rule Symposium, where Nick and Gerardo will be attending as executive sponsors with a booth for the first time. They emphasized the quality of the speakers, the invite-only nature of the presenting companies, and the value of the digital access for people who cannot attend in person. Gerardo described it as one of the most vetted and information-rich conferences in the resource space, with speakers who have actually operated inside the systems they discuss.

Gerardo also discussed Project Vault, Perpetua Resources, and the growing push to secure domestic critical mineral supply chains. He revisited the old Midas Gold / Stibnite story, noting that he and Nick had long believed the project would eventually be permitted because of its antimony importance and salmon restoration angle. With Perpetua now receiving a $2.9 billion loan to help build the project, Gerardo called it a major step in the right direction for U.S. critical metals policy.

Nick added that Project Vault is a $12 billion initiative tied to the Export-Import Bank and private capital, covering the critical minerals identified by the U.S. Geological Survey, including antimony, lithium, tantalum, tungsten, rare earths, and uranium. He emphasized that the U.S. is finally taking domestic mining, processing, and supply chain security more seriously — especially after trade wars, rare earth threats from China, and the depletion of drones, missiles, aircraft, and defense systems that all require critical materials.

Gerardo believes he’s found what he’s calling “America’s Secret Vault” — a tiny sub-dollar junior sitting on confirmed gold and seven critical minerals in South Dakota. Watch the full presentation today, because once this vault story reaches the broader market, the early-entry window may not stay open long.

Bizarro Banter - The political discussion started with foreign influence and the Iran war. Nick pointed out that support for the war is not limited to Republicans, noting that major Democrats have also done little to stop it. Gerardo returned to AIPAC, highlighting its continued public posture after Thomas Massie’s defeat and a tweet aimed at Massie that showed just how openly lobbying power now operates in U.S. politics.

The conversation then turned to the resignation of Tulsi Gabbard. Gerardo argued that Gabbard was pushed out because she wanted to disclose documents related to MKUltra experiments and additional sensitive material tied to the JFK assassination. He tied her exit to a broader pattern of sidelining officials who disagree with the powers behind current policy, placing J.D. Vance’s reduced role in Iran negotiations and Marco Rubio’s elevated position in that same context.

Gerardo also touched on BlackRock CEO Larry Fink’s comments about using pension assets and 401(k)s to help finance AI infrastructure and data centers. Gerardo framed it as a potential setup to direct ordinary Americans’ retirement money into massive private-sector infrastructure ambitions, while Nick noted that Fink is clearly talking his book and trying to open private-market opportunities to retirement accounts in the same way Bitcoin eventually gained access through approved investment vehicles.

Nick closed the free portion with a discussion of “gradeflation” at Harvard, where a dramatic increase in A grades has weakened the meaning of academic distinction. He tied that into broader cultural debates about merit, participation trophies, and the consequences of everyone getting rewarded regardless of performance. That led into a personal story about a pool service company that failed to maintain proper chemical balance, ruining his pool cover prematurely — a real-world reminder that not everyone earns an A, and poor performance still has consequences.

Before moving into the premium section, Nick and Gerardo answered a reader question on Mogotes Metals. They discussed the company’s copper-gold-silver-moly results near Filo and NGEx’s Lunahuasi discovery in Argentina, noting that the market is sniffing out the potential for a significant system. Gerardo highlighted the grade, location, age of rocks, four active rigs, and large treasury, while Nick added that the rest of the discovery hole remains a key catalyst and that the warrant structure could create both funding and overhang around the mid-$0.50 level. 

Premium Portfolio Picks - Gerardo opened the premium section by highlighting Lux Metals (TSX-V: LXM)(OTC: BBBMF), which has now received its drilling permit for the La Grande gold project in James Bay. He is excited about the upcoming work program, which will include surface work, geophysics, mapping, and then drilling. Importantly, the program will be run by Dahrouge Geological, the group that played a major role in discoveries including Patriot Battery Metals’ Corvette project (now PMET), and Q2 Metals’ Cisco lithium project. Gerardo believes Lux has a strong historic database, understands the structure well, and is positioned for a meaningful summer exploration program.

He then returned to North Shore Uranium (TSX-V: NSU)(OTC: NSURF), which has now secured its drill permit in New Mexico. Gerardo noted that the company is preparing to mobilize a rig to begin work on its historic 11-million-pound uranium resource. He sees the setup as another example of an early-stage company with a chance to receive fresh attention in a new uranium market, particularly as the sector continues to gain strategic relevance.

Nick added that North Shore is one of his largest holdings and emphasized that the company is working with a project where a mine was essentially built in the 1970s but never produced because of the cyclicality of the uranium market. The theory now is that North Shore may be able to convert those conventional pounds into an in-situ recovery story, a model director Blake Steele knows well from previous success with URZ and Azarga before Azarga was ultimately sold to enCore Energy.

Nick then moved to a larger and lower-risk idea. The first was Target (NYSE: TGT), which he described as a consumer staples-style turnaround with a strong dividend history. Target has lagged Walmart over the past couple of years, but new leadership, store redesigns, renewed e-commerce focus, and its long record as a dividend aristocrat make it interesting in a market where investors may want relative safety if growth slows and tech becomes more vulnerable.

Finally, Nick discussed Latin Metals (TSX-V: LMS)(OTC: LMSQF), a prospect generator he has been buying in the open market. Latin owns the Cerro Bayo project optioned to Daura Gold (TSX-V: DGC)(OTC: DGCOF) and has multiple other projects that may be optioned out before year-end. He noted that CEO Keith Henderson recently told Rick Rule he expects all of Latin’s projects to be optioned by the end of the year. Nick also highlighted the Zaha copper project optioned to private company Moxico, which may soon receive permits and could become a key exploration focus. For investors looking for a lower-risk way to participate in multiple exploration shots, Latin Metals remains one to watch.

May 28, 2026

Here’s what was covered in episode 366:

Macro Musings - The episode opened with a Memorial Day reflection, congratulations for recent graduates, and a reminder that life moves fast. Gerardo noted the passing of Kyle Busch at 41, using it as another reminder that things can change quickly and that people should enjoy what they have while they have it. From there, the conversation turned back to markets, where the major indices continue to hit new record highs despite geopolitical uncertainty, Iran headlines, and ongoing concern that Israel is still pushing to control the outcome of any U.S.-Iran deal.

Nick pushed back on the idea that investors should panic just because high-profile names like Michael Burry or Andrew Ross Sorkin are warning about bubbles and crashes. The market may be expensive, and parts of it are clearly frothy, but that does not mean investors need to yell fire in the theater while the S&P 500 continues closing at record highs. The VIX has fallen back below pre-Iran-war levels, earnings from companies like Walmart and Target remain okay, consumer spending is holding up, and the stock market still looks strong even if the real economy is uneven.

The broader message was that the market is not the economy. Inflation is still working through the system, growth may slow later in the year, and the new Fed chair is stuck between a rock and a hard place. But for now, liquidity is still driving asset prices higher, and investors who bought into every crash headline have missed a strong rally. Nick emphasized that corrections and bear markets are normal, but not every pullback is 1929. Sometimes the right move is simply to keep an umbrella nearby rather than sell everything because rain may eventually come.

Gerardo tied that back to rates, oil, and Iran. The 10-year Treasury pushing above 4.5% again appeared to trigger another round of pressure for progress on Iran negotiations, while oil has fallen from roughly $106 to the $93–$94 range on hopes that diplomacy is advancing. Both hosts remain skeptical of the headlines, but they agreed that ending or de-escalating the war would be positive for human lives, the U.S. Treasury, military readiness, and the broader market setup.

Market Takes - Commodities remain resilient despite a lack of energy in the junior resource market. Gold is still near $4,500, silver is around $77, copper is near $6.15, uranium remains boring, and lithium looks like a coiled spring. Gerardo emphasized that these are still clear bull markets in gold, silver, and copper, even if junior mining equities are illiquid and quiet heading into summer.

Nick agreed that precious metals are softer in the short term than base metals and agricultural commodities. Copper looks healthier than gold and silver, and agricultural commodities remain strong due to higher fertilizer and input costs. Gold and silver remain long-term bullish, but the current pullback may be creating opportunities in the related equities. Nick said he has been deploying capital into gold equities during the weakness.

The discussion then moved into platinum and palladium after Nick referenced a recent Rick Rule interview with Van Simmons of David Hall Rare Coins. Van noted that several billionaires have entered the collectible coin market over the past year and that wealthy buyers are increasingly chasing the highest-quality, rarest assets. He also pointed to platinum and palladium as areas of value, particularly because platinum is rarer than gold and historically traded at a premium before falling out of favor.

That led into a broader discussion of the upcoming Rule Symposium, where Nick and Gerardo will be attending as executive sponsors with a booth for the first time. They emphasized the quality of the speakers, the invite-only nature of the presenting companies, and the value of the digital access for people who cannot attend in person. Gerardo described it as one of the most vetted and information-rich conferences in the resource space, with speakers who have actually operated inside the systems they discuss.

Gerardo also discussed Project Vault, Perpetua Resources, and the growing push to secure domestic critical mineral supply chains. He revisited the old Midas Gold / Stibnite story, noting that he and Nick had long believed the project would eventually be permitted because of its antimony importance and salmon restoration angle. With Perpetua now receiving a $2.9 billion loan to help build the project, Gerardo called it a major step in the right direction for U.S. critical metals policy.

Nick added that Project Vault is a $12 billion initiative tied to the Export-Import Bank and private capital, covering the critical minerals identified by the U.S. Geological Survey, including antimony, lithium, tantalum, tungsten, rare earths, and uranium. He emphasized that the U.S. is finally taking domestic mining, processing, and supply chain security more seriously — especially after trade wars, rare earth threats from China, and the depletion of drones, missiles, aircraft, and defense systems that all require critical materials.

Gerardo believes he’s found what he’s calling “America’s Secret Vault” — a tiny sub-dollar junior sitting on confirmed gold and seven critical minerals in South Dakota. Watch the full presentation today, because once this vault story reaches the broader market, the early-entry window may not stay open long.

Bizarro Banter - The political discussion started with foreign influence and the Iran war. Nick pointed out that support for the war is not limited to Republicans, noting that major Democrats have also done little to stop it. Gerardo returned to AIPAC, highlighting its continued public posture after Thomas Massie’s defeat and a tweet aimed at Massie that showed just how openly lobbying power now operates in U.S. politics.

The conversation then turned to the resignation of Tulsi Gabbard. Gerardo argued that Gabbard was pushed out because she wanted to disclose documents related to MKUltra experiments and additional sensitive material tied to the JFK assassination. He tied her exit to a broader pattern of sidelining officials who disagree with the powers behind current policy, placing J.D. Vance’s reduced role in Iran negotiations and Marco Rubio’s elevated position in that same context.

Gerardo also touched on BlackRock CEO Larry Fink’s comments about using pension assets and 401(k)s to help finance AI infrastructure and data centers. Gerardo framed it as a potential setup to direct ordinary Americans’ retirement money into massive private-sector infrastructure ambitions, while Nick noted that Fink is clearly talking his book and trying to open private-market opportunities to retirement accounts in the same way Bitcoin eventually gained access through approved investment vehicles.

Nick closed the free portion with a discussion of “gradeflation” at Harvard, where a dramatic increase in A grades has weakened the meaning of academic distinction. He tied that into broader cultural debates about merit, participation trophies, and the consequences of everyone getting rewarded regardless of performance. That led into a personal story about a pool service company that failed to maintain proper chemical balance, ruining his pool cover prematurely — a real-world reminder that not everyone earns an A, and poor performance still has consequences.

Before moving into the premium section, Nick and Gerardo answered a reader question on Mogotes Metals. They discussed the company’s copper-gold-silver-moly results near Filo and NGEx’s Lunahuasi discovery in Argentina, noting that the market is sniffing out the potential for a significant system. Gerardo highlighted the grade, location, age of rocks, four active rigs, and large treasury, while Nick added that the rest of the discovery hole remains a key catalyst and that the warrant structure could create both funding and overhang around the mid-$0.50 level. 

Premium Portfolio Picks - Gerardo opened the premium section by highlighting Lux Metals (TSX-V: LXM)(OTC: BBBMF), which has now received its drilling permit for the La Grande gold project in James Bay. He is excited about the upcoming work program, which will include surface work, geophysics, mapping, and then drilling. Importantly, the program will be run by Dahrouge Geological, the group that played a major role in discoveries including Patriot Battery Metals’ Corvette project (now PMET), and Q2 Metals’ Cisco lithium project. Gerardo believes Lux has a strong historic database, understands the structure well, and is positioned for a meaningful summer exploration program.

He then returned to North Shore Uranium (TSX-V: NSU)(OTC: NSURF), which has now secured its drill permit in New Mexico. Gerardo noted that the company is preparing to mobilize a rig to begin work on its historic 11-million-pound uranium resource. He sees the setup as another example of an early-stage company with a chance to receive fresh attention in a new uranium market, particularly as the sector continues to gain strategic relevance.

Nick added that North Shore is one of his largest holdings and emphasized that the company is working with a project where a mine was essentially built in the 1970s but never produced because of the cyclicality of the uranium market. The theory now is that North Shore may be able to convert those conventional pounds into an in-situ recovery story, a model director Blake Steele knows well from previous success with URZ and Azarga before Azarga was ultimately sold to enCore Energy.

Nick then moved to a larger and lower-risk idea. The first was Target (NYSE: TGT), which he described as a consumer staples-style turnaround with a strong dividend history. Target has lagged Walmart over the past couple of years, but new leadership, store redesigns, renewed e-commerce focus, and its long record as a dividend aristocrat make it interesting in a market where investors may want relative safety if growth slows and tech becomes more vulnerable.

Finally, Nick discussed Latin Metals (TSX-V: LMS)(OTC: LMSQF), a prospect generator he has been buying in the open market. Latin owns the Cerro Bayo project optioned to Daura Gold (TSX-V: DGC)(OTC: DGCOF) and has multiple other projects that may be optioned out before year-end. He noted that CEO Keith Henderson recently told Rick Rule he expects all of Latin’s projects to be optioned by the end of the year. Nick also highlighted the Zaha copper project optioned to private company Moxico, which may soon receive permits and could become a key exploration focus. For investors looking for a lower-risk way to participate in multiple exploration shots, Latin Metals remains one to watch.

Chat is only available to subscribers during live events.

May 28, 2026

Here’s what was covered in episode 366:

Macro Musings - The episode opened with a Memorial Day reflection, congratulations for recent graduates, and a reminder that life moves fast. Gerardo noted the passing of Kyle Busch at 41, using it as another reminder that things can change quickly and that people should enjoy what they have while they have it. From there, the conversation turned back to markets, where the major indices continue to hit new record highs despite geopolitical uncertainty, Iran headlines, and ongoing concern that Israel is still pushing to control the outcome of any U.S.-Iran deal.

Nick pushed back on the idea that investors should panic just because high-profile names like Michael Burry or Andrew Ross Sorkin are warning about bubbles and crashes. The market may be expensive, and parts of it are clearly frothy, but that does not mean investors need to yell fire in the theater while the S&P 500 continues closing at record highs. The VIX has fallen back below pre-Iran-war levels, earnings from companies like Walmart and Target remain okay, consumer spending is holding up, and the stock market still looks strong even if the real economy is uneven.

The broader message was that the market is not the economy. Inflation is still working through the system, growth may slow later in the year, and the new Fed chair is stuck between a rock and a hard place. But for now, liquidity is still driving asset prices higher, and investors who bought into every crash headline have missed a strong rally. Nick emphasized that corrections and bear markets are normal, but not every pullback is 1929. Sometimes the right move is simply to keep an umbrella nearby rather than sell everything because rain may eventually come.

Gerardo tied that back to rates, oil, and Iran. The 10-year Treasury pushing above 4.5% again appeared to trigger another round of pressure for progress on Iran negotiations, while oil has fallen from roughly $106 to the $93–$94 range on hopes that diplomacy is advancing. Both hosts remain skeptical of the headlines, but they agreed that ending or de-escalating the war would be positive for human lives, the U.S. Treasury, military readiness, and the broader market setup.

Market Takes - Commodities remain resilient despite a lack of energy in the junior resource market. Gold is still near $4,500, silver is around $77, copper is near $6.15, uranium remains boring, and lithium looks like a coiled spring. Gerardo emphasized that these are still clear bull markets in gold, silver, and copper, even if junior mining equities are illiquid and quiet heading into summer.

Nick agreed that precious metals are softer in the short term than base metals and agricultural commodities. Copper looks healthier than gold and silver, and agricultural commodities remain strong due to higher fertilizer and input costs. Gold and silver remain long-term bullish, but the current pullback may be creating opportunities in the related equities. Nick said he has been deploying capital into gold equities during the weakness.

The discussion then moved into platinum and palladium after Nick referenced a recent Rick Rule interview with Van Simmons of David Hall Rare Coins. Van noted that several billionaires have entered the collectible coin market over the past year and that wealthy buyers are increasingly chasing the highest-quality, rarest assets. He also pointed to platinum and palladium as areas of value, particularly because platinum is rarer than gold and historically traded at a premium before falling out of favor.

That led into a broader discussion of the upcoming Rule Symposium, where Nick and Gerardo will be attending as executive sponsors with a booth for the first time. They emphasized the quality of the speakers, the invite-only nature of the presenting companies, and the value of the digital access for people who cannot attend in person. Gerardo described it as one of the most vetted and information-rich conferences in the resource space, with speakers who have actually operated inside the systems they discuss.

Gerardo also discussed Project Vault, Perpetua Resources, and the growing push to secure domestic critical mineral supply chains. He revisited the old Midas Gold / Stibnite story, noting that he and Nick had long believed the project would eventually be permitted because of its antimony importance and salmon restoration angle. With Perpetua now receiving a $2.9 billion loan to help build the project, Gerardo called it a major step in the right direction for U.S. critical metals policy.

Nick added that Project Vault is a $12 billion initiative tied to the Export-Import Bank and private capital, covering the critical minerals identified by the U.S. Geological Survey, including antimony, lithium, tantalum, tungsten, rare earths, and uranium. He emphasized that the U.S. is finally taking domestic mining, processing, and supply chain security more seriously — especially after trade wars, rare earth threats from China, and the depletion of drones, missiles, aircraft, and defense systems that all require critical materials.

Gerardo believes he’s found what he’s calling “America’s Secret Vault” — a tiny sub-dollar junior sitting on confirmed gold and seven critical minerals in South Dakota. Watch the full presentation today, because once this vault story reaches the broader market, the early-entry window may not stay open long.

Bizarro Banter - The political discussion started with foreign influence and the Iran war. Nick pointed out that support for the war is not limited to Republicans, noting that major Democrats have also done little to stop it. Gerardo returned to AIPAC, highlighting its continued public posture after Thomas Massie’s defeat and a tweet aimed at Massie that showed just how openly lobbying power now operates in U.S. politics.

The conversation then turned to the resignation of Tulsi Gabbard. Gerardo argued that Gabbard was pushed out because she wanted to disclose documents related to MKUltra experiments and additional sensitive material tied to the JFK assassination. He tied her exit to a broader pattern of sidelining officials who disagree with the powers behind current policy, placing J.D. Vance’s reduced role in Iran negotiations and Marco Rubio’s elevated position in that same context.

Gerardo also touched on BlackRock CEO Larry Fink’s comments about using pension assets and 401(k)s to help finance AI infrastructure and data centers. Gerardo framed it as a potential setup to direct ordinary Americans’ retirement money into massive private-sector infrastructure ambitions, while Nick noted that Fink is clearly talking his book and trying to open private-market opportunities to retirement accounts in the same way Bitcoin eventually gained access through approved investment vehicles.

Nick closed the free portion with a discussion of “gradeflation” at Harvard, where a dramatic increase in A grades has weakened the meaning of academic distinction. He tied that into broader cultural debates about merit, participation trophies, and the consequences of everyone getting rewarded regardless of performance. That led into a personal story about a pool service company that failed to maintain proper chemical balance, ruining his pool cover prematurely — a real-world reminder that not everyone earns an A, and poor performance still has consequences.

Before moving into the premium section, Nick and Gerardo answered a reader question on Mogotes Metals. They discussed the company’s copper-gold-silver-moly results near Filo and NGEx’s Lunahuasi discovery in Argentina, noting that the market is sniffing out the potential for a significant system. Gerardo highlighted the grade, location, age of rocks, four active rigs, and large treasury, while Nick added that the rest of the discovery hole remains a key catalyst and that the warrant structure could create both funding and overhang around the mid-$0.50 level. 

Premium Portfolio Picks - Gerardo opened the premium section by highlighting Lux Metals (TSX-V: LXM)(OTC: BBBMF), which has now received its drilling permit for the La Grande gold project in James Bay. He is excited about the upcoming work program, which will include surface work, geophysics, mapping, and then drilling. Importantly, the program will be run by Dahrouge Geological, the group that played a major role in discoveries including Patriot Battery Metals’ Corvette project (now PMET), and Q2 Metals’ Cisco lithium project. Gerardo believes Lux has a strong historic database, understands the structure well, and is positioned for a meaningful summer exploration program.

He then returned to North Shore Uranium (TSX-V: NSU)(OTC: NSURF), which has now secured its drill permit in New Mexico. Gerardo noted that the company is preparing to mobilize a rig to begin work on its historic 11-million-pound uranium resource. He sees the setup as another example of an early-stage company with a chance to receive fresh attention in a new uranium market, particularly as the sector continues to gain strategic relevance.

Nick added that North Shore is one of his largest holdings and emphasized that the company is working with a project where a mine was essentially built in the 1970s but never produced because of the cyclicality of the uranium market. The theory now is that North Shore may be able to convert those conventional pounds into an in-situ recovery story, a model director Blake Steele knows well from previous success with URZ and Azarga before Azarga was ultimately sold to enCore Energy.

Nick then moved to a larger and lower-risk idea. The first was Target (NYSE: TGT), which he described as a consumer staples-style turnaround with a strong dividend history. Target has lagged Walmart over the past couple of years, but new leadership, store redesigns, renewed e-commerce focus, and its long record as a dividend aristocrat make it interesting in a market where investors may want relative safety if growth slows and tech becomes more vulnerable.

Finally, Nick discussed Latin Metals (TSX-V: LMS)(OTC: LMSQF), a prospect generator he has been buying in the open market. Latin owns the Cerro Bayo project optioned to Daura Gold (TSX-V: DGC)(OTC: DGCOF) and has multiple other projects that may be optioned out before year-end. He noted that CEO Keith Henderson recently told Rick Rule he expects all of Latin’s projects to be optioned by the end of the year. Nick also highlighted the Zaha copper project optioned to private company Moxico, which may soon receive permits and could become a key exploration focus. For investors looking for a lower-risk way to participate in multiple exploration shots, Latin Metals remains one to watch.

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