Nick Hodge – Macroeconomic Thoughts, And Precious Metals Haves and Have Nots
Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Hodge Family Office, joins us to review his outlook on the macroeconomic landscape, and then delves into the precious metals mining stock “haves” and “have-nots.” We start off reviewing the mixed economic data, where he stills sees concerning data being overlooked by many generalist market participants, and thinks a recession is still very much on the horizon in the medium-term.
We then have a broad discussion on how commodities may still remained muted heading into the economic contraction, even though he is bullish on them in the longer-term. Nick sees gold as one of the stand-out commodities, which is really more of a currency and monetary metal, and is seeing value in the quality gold equities. This leads to a discussion on why he likes the quality gold developers and producers at this point in the cycle, more so than taking on the additional risk of earlier-stage explorers that don’t have any defined resources or economics around their projects. He names Artemis Gold (ARTG), Bravo Mining (BRVO), Perpetual Resources (PPTA) and SSR Mining (SSRM) as companies that he sees as quality and part of the “haves” group of gold stocks.