Nick Hodge – Macroeconomic Factors Driving Market Sector Trends Moving Into 2023

Shad Marquitz
November 30, 2022

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us for a wide-ranging discussion recapping the macroeconomic environment in 2022, and the factors driving various market sector trends heading into 2023.  This is a wide-ranging discussion getting into the US Dollar, interest rates, general US equities, Gold, Oil, battery metals, cryptocurrencies, home prices, and much more.  We dig in a bit more to the pitfalls in some newer investors market psychology within the current bear market in general US equities, and global equity markets.  Nick discusses what kinds of signals to look out for in the event of a larger capitulation event. 


With the ongoing pressure on the wealth effect in investors portfolios and in home prices, coupled with cracks under the surface in the labor markets, we then discuss the nuances of this stagflation environment and how we are likely mid-way through an evolving recession.  Next we review the recent crypto crash, and whether or not the “crypto soldiers are in fact training to be in the gold army.”  We wrap up with a look forward into next year, where Nick still sees weakness in tradition tech stocks and the FAANGS, but is more constructive on consumer staples, utilities, gold, and energy metals like lithium, uranium, and helium with strong fundamental drivers.  




    Nov 30, 2022 30:43 PM

    It sure is nice to see Silver with a $22 handle once again.

    It got there last week as well, but gave it up pretty quickly. We’ll see if silver can hold on to $22 for a little longer this time, as that seems to be the technical level everybody wants to see it break above and hold.

      Nov 30, 2022 30:41 PM

      Silver futures have now surged up to $22.60 in overseas trading.

      Gold futures up to $1794.

      Not a bad way to close up November and head into December.

      Remember a few months back when many were talking about $14-$15 Silver, and $1375-$1450-$1500 gold, and how terrible December was going to be?

      Maybe we still see some crazy capitulation event in the next month, but right now things are far closer to Gold potentially moving up to close higher than 2021’s annual close here in 2022. As for Silver, it’s really done a good job of clawing it’s way higher and higher since the low it put in at $17.40 in early September almost 3 months ago. (back when some were advising to sell everything and go to cash). 😉

        Dec 01, 2022 01:30 AM

        Hi Ex, I did some Due Diligence on HighGold Mining late yesterday, but Gort never released it. I sent you an e-mail but it seems it is still in the dead letter file. So I re-released it hoping that it would get noticed. Now I have two posts very similar, but I like the second one better than the first. Over and out! DT

          Dec 01, 2022 01:51 AM

          Oh, by the way Ex, Cheers! DT

            Dec 01, 2022 01:11 AM

            Cheers DT. I just saw your messages here, but never got an email from you. Regardless, I released your posts on HighGold that Gort had sequestered, so you should see them on this thread now.

            I had emailed the IR lady at HighGold a few times over the last 2 months about getting Darwin on the KE Report (before this recent bonanza drill hole was released), but have not gotten any response back yet. I called her yesterday and left here a VM asking that we work on getting Darwin on the show, and haven’t heard anything back yet on that either. “You can’t push a wet noodle…” as they say.

    Nov 30, 2022 30:22 PM

    This is how important Due Diligence is, most investors never look at anything? Read this news release from HighGold Mining dated October 27th, 2021. Notice it does not mention warrants. HighGold Mining announces Closing of $18.8 Million Raise from Bought Deal Public Offering and Concurrent Private Placement. This was done at a price of $1.60 per offered share. Their share price has been cut in half but they released an incredible drill intersection yesterday of 120.5 meters at 18.76 G/T AU, and the market yawned but it won’t be asleep for long. Remember do your own Due Diligence! LOL! DT

    Nov 30, 2022 30:48 PM

    Okay, here we go again, read this news release from HighGold Mining dated October 27, 2021. HighGold Mining Announces closing of $18.8 million Raise from Bought Deal Public Offering and Concurrent Private Placement, at $1.60 per share. NOTE: Yesterday HighGold released a drill intersection of 18.76 G/T AU over 120.5 metres at The Johnson tract in Alaska. Is that incredible or what. The share priced yawned and is currently at half price since this PP. This company currently has around 73 million shares outstanding. There is not a mention of warrants. Do you think that is bad or good for any company that you are buying into as an investor. This PP was completed with an existing strategic investor of the company, and a senior gold producer. At this time this company was cashed up with $27 million. LOL! Do Your Own Due Diligence.

      Dec 01, 2022 01:56 AM

      Hi Ex, thanks for your response. DT

        Dec 01, 2022 01:33 PM

        10-4 good buddy.

    Nov 30, 2022 30:00 PM

    Trend Quality:
    November PMs Rise Into December.
    NatGas Bottom Forming.

    Dec 01, 2022 01:28 AM

    As a side note I wish I had bought some Fission 3.0 Corp. (SYL-FUU). DT

    Dec 01, 2022 01:41 AM

    From my reading and listening it looks to me like the resource market is about to go into “Overdrive”. Fasten your seatbelts for the torque ahead. DT😍

    Dec 01, 2022 01:59 AM

    Dollar Index 105.01 is the number to watch.

      Dec 01, 2022 01:50 AM

      Struggle at 104.81 may determine Turn or Tumble.

        Dec 01, 2022 01:03 AM

        Petrodollar at risk.

    Dec 01, 2022 01:26 AM

    Someone asked about tax loss selling bounce back candidates….. I’d say Millennial Precious Resources fits the bill nicely.

    What’s golds big resistance level for those of you seeing it get back over $2,000???

      Dec 01, 2022 01:27 AM

      I would say Emerita also as it has been seriously taken down since the first of the year and they have a significant brown fields resource. Just so many Trolls that need duck taped to a tree away from their phones.

        Dec 02, 2022 02:58 AM

        Good thoughts guys. I’d submit both Silver Tiger and Stillwater Critical Minerals as 2 tax loss selling candidates that have been really beat up here into year-end, but I really like the projects and ongoing exploration programs to build value into the first half of 2023.

    Dec 01, 2022 01:53 AM

    Gold showing up over $50. Called the computer repair guy. Said he would not be available due to calls today.

    Dec 01, 2022 01:54 AM

    finally………………………. $1802………… gold…………….

      Dec 01, 2022 01:14 AM

      Gold futures up to $1815 now….

      Silver futures up to $22.77 (and had gotten as high as $22.94)

      Nice to see some green on the screen…

    Dec 01, 2022 01:27 AM

    Anybody else using the Royal Bank trading dashboard are getting bad data, I have already informed the RBC about this in no uncertain terms, I was the first to call and even gave them 20 minutes to fix the issue before I called.

      Dec 01, 2022 01:29 AM

      Kootenay Silver is the only stock I own that is registering any sales today.

    Dec 01, 2022 01:30 AM

    So far, my handlers haven’t noticed the paper price of metals. Maybe later ….

    Evidently no correlation between paper price and miners on an up day in paper. Almost to neutral after walk back.

    Dec 01, 2022 01:31 AM

    Darwin Green CEO of HighGold Mining talks about the high- grade gold they have been discovering in Alaska. DT

    Dec 01, 2022 01:59 AM

    CDNX breaking out a bit IMHO.

    Dec 01, 2022 01:38 PM

    Disgusting … today’s losers were yesterday’s winners. Nothing has value except somebody’s ETF and the algo to pump it.