Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins me to outline why he still remains bullish and holding positions in gold, silver, rare earths, uranium, utilities, and defense stocks.

We start off reviewing the positive trends in gold and silver producers after the market digested Q2 earnings newsflow, and how his portfolio of PM stocks shared with his subscribers has outperformed.

Next we got into the rally we’ve seen in some of the rare earth stocks on the back of Chinese export bans, and bringing more attention to the downstream processors.  We noted the incoming US Department of Defense funds and Apple strategic investment into MP Materials Corp. (NYSE: MP), which really ignited a further boom in the sector. Next Sean highlighted  the recent Memorandum of Understanding (MOU) between Energy Fuels Inc. (NYSE American: UUUU); (TSX: EFR), a U.S. producer of rare earth element oxides from their mineral sands projects, and Vulcan Elements, a U.S. manufacturer of rare earth permanent magnets. These companies have agreed to collaborate on creating a resilient domestic supply chain for rare earth magnets independent of China.

The trends higher in nuclear, uranium, and utilities stocks have been another sector that Sean has been exposed to across those different stages of companies.  The small modular reactor stocks, utilities exposed to nuclear power, and the uranium stocks have gained more traction with a wider audience of generalist investors, and Sean believes they can run much higher from here due to the longer-term bullish macro fundamentals for electricity demand and the advantages of nuclear power. 

We discuss the potential for merger and acquisition deals between the handful of smaller US uranium producers, and that while small, the can outperform based on meaningful incremental improvements in their operations. We go on to discuss the large group of junior uranium developers and explorers in Canada, pointing out that Denison Mines Corp. (TSX: DML)(NYSE AMERICAN: DNN) is the closest company to new uranium production, but that is all the way out in 2028.  Sean mentions the strategy of waiting to position in some of the smaller Canadian juniors until after dilutive financing news has been announced, and once clear catalysts and work programs are established and already funded for better entry points.

Wrapping up we discuss the opportunities still present in many defense stocks, from drones and counter-drones to hypersonic rockets and next generation smaller defense software, hardware, and energy stocks.   This leads into the conflicting forces investors deal with not liking government intervention in the markets, but also being cognizant enough of the flow of funds and contracts into certain sectors, and why this presents opportunities for positioning alongside those  trends.

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