Weekend Show – Peter Boockvar & Brien Lundin – Geopolitics to Metals Mania: Venezuela, Critical Minerals, and the New Commodity Playbook
This Weekend Show connects the week’s biggest geopolitical catalyst – U.S. military action tied to Venezuela’s oil – and what it could mean for commodities and markets in 2026. Peter Boockvar lays out a contrarian oil thesis built on depressed prices, positioning, and shale maturity, while Brien Lundin explains why silver’s surge looks structurally different this time – driven by physical tightness and industrial buyers forced to compete with investors, all against a backdrop of critical-minerals policy momentum.
- Segment 1 & 2 – Peter Boockvar, Chief Investment Officer at Bleakley Financial Group and editor of The Boock Report, who weighs in on geopolitics, arguing the U.S. action in Venezuela doesn’t change his bullish long-term outlook for oil, and discusses why depressed energy, agriculture, and select commodities could play catch-up amid tightening supply, shifting sentiment, critical minerals policy, evolving AI investment dynamics, and the growing importance of long-term interest rates in 2026.
- Click here to follow Peter at The Boock Report – https://peterboockvar.substack.com/
- Segment 3 & 4 – Brien Lundin, editor of the Gold Newsletter and host of the New Orleans Investment Conference, to discuss the historic surge and volatility in silver driven by physical supply constraints and investment demand, plus his outlook on gold, copper, lithium and uranium as the broader commodity bull market gains momentum. We discuss the equities for each commodity sector as well.
- Click here to learn more about the Gold Newsletter. – https://goldnewsletter.com/
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests may own shares in companies mentioned.
Interesting thoughts Dick. It will be interesting to see what Stillwater does next week.
Your welcome, Chucky ! DT
https://www.tradingview.com/x/Wcm0YPn9/
DOLLAR : Intermediate Term Possibility
https://www.tradingview.com/x/cMMssuC0/
DOLLAR : Short Term : Northbound
https://www.fibonomics.com/2026/01/dollar-strength.html
DOLLAR : Momentum! (Consolidated)
HELLO SHAD/CORY………… Please do not forget to post the POLITICAL SECTION….. THANKS OOTB
The importance of been earnest , about keeping the political section.
> Hi there OOTB – I just posted the new Politics page for this weekend, so it is up and ready for new posts. Apologies as Cory is traveling out of country today and may have missed that, as usually he posts those.
>> IrishTony – Hi there, I noticed you had 2 posts stuck in the moderation cue because they had multiple links embedded. (Any post with more than 1 links gets flagged by the automation bot.) They were both just released though on the prior politics page.
Cheers guys and have a great weekend!
SHAD to the RESCUE…… thanks Pal….appreciate
Sure thing OOTB. Have a great weekend my friend. We’ve gone from Freaky Friday to Super Saturday!
🙂 You have a great weekend as well…..
Opportunities in Copper Explorers and Developers – Part 5
Excelsior Prosperity w/ Shad Marquitz – 01/09/2026
https://excelsiorprosperity.substack.com/p/opportunities-in-copper-explorers-6b5
Usually love all your stuff Ex but you’re killing me with this one. Still haven’t accumulated so keeping it quiet would be preferred.😜 I have one other copper play I’d like to accumulate hopefully you don’t do a write up on it any time soon. 😉
Haha! Thanks Wolfster. Well, I had already covered why I liked the stock back in May for readers of the Substack channel,, but realized it was all intermixed in other mash-up pieces and the company didn’t have it’s own dedicated article yet.
The good news is that Hot Chili is not overowned (or even well-known) at this point, so there is still good value to accumulate on any future pullbacks. If we don’t get a blast up out of the potential bullish pennant forming, but instead get a sharp pullback, then I’m also looking to accumulate another tranche.
Most investors are not aware just how valuable their water business is going to be for the future of mining in Chile and even potentially nearby parts of Argentina. That value goes above and beyond their current value just on their copper and gold resources, which aren’t even fully factored in at today’s copper/gold prices.
Then there is all that potential at the La Verde area 30kms to the south, that they have just started to unlock with diamond drilling.
It’s going to be a big year of catalysts for them.
Thanx for more on copper EX………………copper and silver being more utility based…….. are a focus for me………….one of my fav’s …….I think your are aware of Canadian Copper…..CCI……………seems to still be “one of the under the radar” as it is relatively new and not been heavily promoted yet………Doc Jones did a rework this past week…………at present metal prices $1 bil NPV………….with 60 mil capex ….production starting 36 months………….and still at 54 mil MC……….been buying more !!
Yeah Larry. Love CCI…..was tough to accumulate it but I got my fill eventually below .30……still roughly 3 yrs out from production but I’m hoping with prices especially silver being where they are that they accelerate things. 🤞
Hi LarryC. Yes, I’m aware of Canadian Copper through Doc Jones, and had them on the KE Report about a month back to introduce their story to listeners here.
It’s nice to see them breathing new life into the old Trevali assets. I’ve not started accumulating CCI yet, but it and Firefly are the next 2 to buy on my watchlist… I’ve been doing tiny trims on PM stocks that have really run hard, to build up dry powder to deploy into even more copper exposure than at present.
Soon it will be time to throw a dart at a map and wherever it lands look for a junior exploration company that you can buy. We are getting so close to the tide lifting all the junior’s out there and floating each and every boat. I threw a dart at the area around Nevada in the US and it landed at Winnemucca. Now I have to buy the closest junior in that area. I want one that is really cheap less than 10 cents. It will be like an easter egg hunt.
Throw the dart and win a MONKEY! (Winnemucca) LOL! DT 🤣🤣🤣
If you stretch a bit to the east DT, PRIZ in Arizona, only couple clicks from Resolution is set to be drilling the past producing high grade Silver King…………..still cheap………….I have loaded up ! they have also got a few new close targets as well………market hole seems likely here !…..Good Luck
Hi Larry, thanks for the heads-up, I assume that you mean Prismo Metals (C. PRIZ) in Canada. I will check it out. I like stocks listed on The Canadian Securities Exchange. A lot of start-ups or rejected companies trying to get back in the game are typical for The CSE. DT
Yes…DT………….C.PRIZ
The Bills just won their Wild Card Game against The Jacksonville Jaguars 27 to 24 with less than one minute remaining. The Bills are the come back kids. Go Bills Go! DT 🤣🤣🤣
Good for the Bills, it is their time. I like Jags and Texans, their time will come.
When asked about silver companies Brien Lundin says he likes all of them, which is a little disingenuous since he knows some are better than others, that are much farther down the quality list like IPT.
As far as copper stocks go I was in Gunnison Copper (T. GCU) they just went into production about 8 weeks ago and are in Arizona and listed on The TSX, The Big Board. Gunnison has a big land position and are using a new production process developed by Rio Tinto. Gunnison is still really cheap, selling for 43.5 cents CDN. I don’t currently hold them. Got other fish to fry. As always DYODD! DT
And on and on…
Indeed. Silver futures are in the high $83’s and low $84’s to kick off this next week. Gotta love it!
Silver 30m, pitchfork, rising above the top tine…
https://www.tradingview.com/x/hf2bc0uF/
SILVER : Current Status : Breakout!
https://www.tradingview.com/x/KS27mmZS/
DOLLAR : Current Status : 50% Pull Back
Cutting Interest Rates Isn’t a Cure‑All for the Economy
“Real prosperity requires rejecting the easy‑money temptation.”
Quoth the Raven – Substack – Jan 12, 2026
“When US unemployment ticked up to 4.6 percent in November 2025, the Financial Times declared that the Federal Reserve should cut rates to rescue workers. From the Keynesian view, if jobs falter, you throw more money at the problem. Yet those policies create short‑term bubbles and long‑term pain. An Austrian assessment shows why cutting rates merely delays the needed adjustment and why the real cure is higher, market‑driven rates and fiscal restraint.”
https://quoththeraven.substack.com/p/cutting-interest-rates-isnt-a-cureall
SIL down vs SLV yet again, at least so far today, and by a decent margin. Again, the most reviled stocks perhaps in the history of capital markets.
I suppose we will have to first wait and see if GDX can actually make a higher high vs GLD and breakout of a multiyear base before the silver miners can catch a bid vs silver. But even then, this retracement in SIL:SLV since October has been shocking and ominous.
Looking forward to the ominous part
Theralase Tech had news out today and Halt lifted. Slight pop in price.
Their ‘Light Activated Photo Dynamic Compounds’ may well be used in the null/nano tech world arising.
Maybe Ferring Pharm. will assist Theralase break through the resistance surrounding hopeful cancer treatment research.
NatGas may have turned.
Had broccoli with dinner twice last week, and NatGas turned on me.
Such a frustrating day in the silver miners (and for the last 3 months!). I am starting to feel stupid for ever thinking silver miners could outperform silver.
The play for 50 years has been go long the metal with leverage and short the miners. That being said, GDX is on the cusp of breaking out of a 10 year base vs GLD. I’ll believe it when I see it, though. How many times have the miners managed to snatch defeat from the jaws of victory?
IPT no doubt shook out a lot of dumb money in last week’s pullback.
https://schrts.co/xiymEJHR
Yes, last week’s candle was particularly weak and ugly.
Yes, the daily chart/short term said SELL. So many traders can’t see the forest for the trees. That pullback was a clear buying opportunity for those who understand the whole picture (and I bought even though I sure don’t need more shares).
But it’s only Monday; will the bears stop this weekly breakout? I think not but almost anything possible.
https://schrts.co/riSHUSQc
Today’s high so far happed at speed line resistance.
https://schrts.co/quPvdKsB
You waited multiple years for this one day. That is dumb money, Socrates.
No, not this day; this bull market. Impact has already made me fortunes, particularly in 2008-11 and 2015/16. You shouldn’t be speculating at all since you’ve proven yourself to be unable to accurately account for curveballs along the way (like the Plomosas deal).
Socrates you have made less than minimum wage for all those hours staring at charts and making up stories about lines. Dumb
You’re pitiful Terry. Think whatever you have to if it helps you cope.
You Socrates wasting time in some garbagetown USofA, thinking you are the luckiest guy. That is dumb and pitiful.
I am a very lucky guy in too many ways to count. I wish more people could say the same.
CDE turned bearish versus silver in October and remains so.
https://schrts.co/tnzAkmwK
Yes, down nearly 50% vs silver.
Objectively, silver miners as a group have to be up there with some of the worst “investments” over the last 50 years, especially on a risk-adjusted basis.
I knew the history going into this, but I thought, surely this time is different. I’m not even remotely close to being right yet. Their performance since October has been embarrassing.
At least GDX is on the cusp of a multiyear breakout vs GLD, but this week is key and I wouldn’t be shocked one bit if that ratio ends up red by Friday.
(This is mostly me just venting, but the facts are the facts.)
Heaven forbid silver corrects 20% from here. It’s hard to see how the silver miners will ever get back to the October highs vs SLV. What exactly is going to change? Return free risk is all you get. The fact that the ratio is now pegged below the 200 day MA is crazy to me.
I’m not worried about it at all. Bull markets are excellent at keeping the herd scared and on the wrong side, especially at the beginning when big money is trying to get positioned. A year ago, my target for silver was “around 60” which seemed crazy to most. This year, I’m confident that silver miners blow silver away.
https://schrts.co/yaXtbzSK
You two guys wasting years staring at charts. And you Socrates patting yourself on the back. Dumb
You’ve wasted your whole like celebrating your blindness. Apparently you don’t recall how bullish I was when said gold/silver had bottomed in 2022, or how sure I was the lows were in for the miners when everyone doubted it 2 years ago. Even 8-9 months ago most here were dreaming of very low targets for their HL, CDE, etc. while I was as bullish as I could be and saying so.
Most people aren’t wired for technical analysis, or, analysis. You’re one of them.
CDE vs silver looks perfectly fine to me.
https://schrts.co/yaXtbzSK
Rio Tinto & Glencore Merger Talks: Rio Tinto (NYSE:RIO) and Glencore (PINL:GLCNF) are in discussions to create the world’s largest mining company, a move that could reshape global resource markets and strengthen supply chains.
If this goes through the speed of mergers and acquisitions will heat up. Personally I wanted to see Glencore take a run at Sibanye. I keep looking at my Stillwater stock and think a move must be made on them. I figured Glencore was behind their move up yesterday.
Interesting You Bet! DT