Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review the macroeconomic market movers he is watching fueling the continued melt-up in US equity markets.  Additionally, he outlines why he still remains bullish and holding positions in gold, silver, copper, and uranium stocks, but that he is also constructive on defense stocks in drones and rockets, and also accumulating energy efficiency companies.

We start off reviewing the sentiment shifting some in markets as tariff concerns with Europe, as the largest US trading partner, seem to have been quelled for now, and this has lifted the US dollar and reduced investor consternation. Sean points out that there are some confusing elements as to how the US and EU will fulfill the energy commitments for oil and nat gas that are part these new deals. He  is not convinced in that the tariff implications are behind us, but believes the market is largely shrugging off the pause coming off of the reciprocal tariffs, as many of them just get pushed off further into the future. He notes that the recently passed tax cuts are seen as a market boon and in general the bull market is still plowing forwards in US stock indexes.

We discussed that gold and silver have pulled back as some of the tariff risks have come off the table, but that he still is encouraged by the longer-term uptrends and positive fundamentals backing the precious metals sector. Sean noted that after seeing gold channeling sideways the last couple of months at historically very high levels, that it needed to rest, but he’s looking forward to the next few weeks of Q2 earnings reports from the gold producers.  Despite silver’s recent volatility, Sean remains very constructive on silver and silver miners, and expects it to continue to outperform gold on a percentage basis in both directions.

When shifting over to copper, this discussion was recorded before the recent copper price crash due to proposed tariffs being rescinded, but we focused on the longer term steadily climbing copper price, but noted there was only a very muted response in the copper stocks to copper having climbed up to new all-time highs once again in July.  While he agreed this move higher in copper and the copper equities has been positive, and based on strong fundamental drivers, he’s only had a few copper positions in place.

Next we got into the multi-month rally we’ve seen in the uranium and nuclear stocks coming off the April lows, and the positive fundamental tailwinds for nuclear power. We note all of the media attention being put on the large tech companies and governments around the world putting more focus on growing more nuclear power, nuclear stocks, select utility stocks, and uranium mining stocks.

Wrapping up, Sean outlines why outside of the resource investing space, he remains constructive on defense stocks focused on drones and rockets, and that he also is starting to accumulate energy efficiency and energy conservation companies.

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