Sean Brodrick – Chaos Is A Ladder Allowing Commodities Like Gold, Silver, Copper, Uranium, and Rare Earths To Climb Higher
Sean Brodrick, Editor of Wealth Megatrends, Supercycle Investor, Resource Trader, and contributing analyst to Weiss Ratings Daily, joins us to look at how chaos in geopolitics and global macroeconomics is continuing to fuel a commodities supercycle. We discuss his 2026 outlook and some of his portfolio strategies in gold, silver, copper, uranium, oil, and rare earth stocks.
We start off noting the continued strength in gold and silver due to an extended interest rate cycle, the next phase of the war cycle, and a market and global backdrop more reminiscent to the 1970s.
- He discusses why gold has remained well-bid, making a series of new all-time highs from last year into this year, and doesn’t see that larger trend changing, even if and when we do see periodic corrections.
- Sean has recently moved his longer-term gold price target from over $6,900 up to $10,000, and is holding with a longer-term silver price target of $200.
- With silver, he sees it coming along for the ride for many of the same reasons as gold, despite its separate supply/demand factors, but he notes it’s more susceptible to extreme volatility to the downside and upside.
With regards to precious metals equities, Sean is still bullish for the larger trends in place, and views any coming corrections as buying opportunities to add to positions.
- He remains positioned across a number of quality producers and developers, specifically noting the continued and recent strength in both Centerra Gold (CGAU) and Endeavour Silver (EXK).
- We review the significance of this coming earnings season,for both silver and gold stocks, and how the record revenues in Q4 will become hard for generalist investors to ignore much longer.
- We also look ahead to how much better Q1 will be than Q4, and get his thoughts on why more investors are not aggressively front-running this bullish set up much more than they have been. He believes more capital inflow will come as the data becomes more obvious to a wider spectrum of investors.
From there we broaden out the discussion to the whole commodity complex, which Sean believes will stay in momentum overall in a continued bull market and commodities supercycle.
- Despite the constant geopolitical news deluge, he is more constructive on economic progress in many nations for the year to come.
- Sean believes this commodities super-cycle, over time, will begin to drag the lagging traditional energy sector and oil and gas stocks much higher later in the year.
- He also points to Phillips 66 (PSX) being a winner for his subscribers, as they can benefit from the processing of heavy crude from Venezuela, unlike other gulf coast refiners that will need to make retrofit upgrades and investments to switch from processing Canadian heavy crude.
He points to the strength in copper and copper stocks recently and he is very constructive on the longer-term fundamentals for this commodity, and for global growth in the year to come.
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- He specifically highlights Freeport (FCX) and Taseko Mines (TGB) as stocks that have done well for his subscribers.
Wrapping up, we get into the resurgence of nuclear power and strength in the uranium stocks over the last month coming into the new year, and why he remains bullish for the medium to longer term that this sector has much further to rerate higher.
- He underscores the big triple digit gains that he and his subscribers realized in Energy Fuels (NYSE: UUUU) last year, and why he they got repositioned after the fall pullback at the end of last year to ride this stock back higher again.
- Energy Fuels has exposure to both uranium and rare earths production and processing, so it sits in a unique position with regards to domestic supply of critical minerals, which he believes will attract more direct government support.
- Sean believes that the ‘stealth rally’ we’ve seen in uranium and rare earth equities will continue as the year progresses.
Sean made the point, quoting Littlefinger from Game of Thrones, that “Chaos is a ladder” and that the commodities complex would continue climbing that ladder in lieu of all the geopolitical and macroeconomics factors at work in the year to come.
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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 and hosts may own shares in companies mentioned.
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$5400…….. should not be a problem….IMO
Sean brought up Energy Fuels in the KER interview above and they just had another transformational transaction:
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Energy Fuels to acquire Australian Strategic Materials to create new “mine-to-metal & alloy” rare-earth champion
– Jan. 20, 2026
“Energy Fuels Inc. (NYSE: UUUU) (TSX: EFR), a leading U.S. producer of uranium, rare earth elements (REE), and other critical materials, today announced it has entered into a Scheme Implementation Deed (SID) to acquire 100% of the issued share capital of Australian Strategic Materials Limited (ASX: ASM) (ASM), a leading producer of REE metals and alloys.”
– Energy Fuels is creating what the company believes will be the largest, fully integrated REE “mine-to-metal & alloy” producer outside of China to close a critical strategic gap in global supply chains for magnet applications, including automotive, robotic, energy, and defense technologies.
– Upon completion, the transaction will combine ASM’s operating Korean Metals Plant (KMP) and its planned American Metals Plant (AMP) with Energy Fuels’ existing REE oxide production at its White Mesa Mill in Utah. The White Mesa Mill is the only U.S. facility capable of separating monazite concentrates into both light and heavy REE oxides that are planned to be utilized in ASM’s metallization and alloying facilities in South Korea and the U.S.
– ASM’s KMP is one of the few facilities outside of China currently producing REE metals and alloys, including neodymium-praseodymium (NdPr), dysprosium (Dy), and terbium (Tb) metals and neodymium-iron-boron (NdFeB) and dysprosium-iron (DyFe) alloys.
– By integrating low-cost and scalable REE separation with downstream REE metal and alloy conversion, Energy Fuels expects to enhance vertical integration, margin capture, and market share across the REE value chain, providing the company with the flexibility to sell REE products to end-users at multiple stages.
– The transaction addresses a lack of downstream REE refining and conversion capability, which is one the most persistent vulnerabilities in ex-China REE supply chains.
– ASM’s Dubbo REE Project in NSW, Australia will strengthen Energy Fuels’ pipeline of REE development projects, which currently includes the Donald project in Victoria, Australia, the Vara Mada project in Madagascar, and Bahia project in Brazil, which are all intended to supply feed materials for the planned expansion of the company’s White Mesa Mill to produce 6,000 tonnes per annum (tpa) neodymium-praseodymium (NdPr), 240 tpa dysprosium (Dy), and 66 tpa terbium (Tb) oxides.
Copper’s Next Decade Faces Supply Limits, Says Rob McEwen
Kitco Mining w/ Paul Harris
Well, it looks like Canada’s next producing gold mine is up into commercial production successfully (despite the many haters and naysayers saying it would never work). Gotta love it!
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Madsen: The New High-Grade Canadian Gold Mine
West Red Lake Gold Mines (TSXV: WRLG) (OTCQX: WRLGF) – Jan 21st, 2026
The Madsen Mine reached commercial production on January 1, 2026, following a focused two-year push to get this high-grade gold mine back into operation. Now it is “a conveyor belt of value operating 24/7”, as CEO Shane Williams describes. West Red Lake Gold is excited to share this look at how Madsen work and at the process that drives this mine, now and for years to come.
It was fun for me to join my friend Kevin Steuer over at StockTA earlier this month, for our monthly video discussion with charts.
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KE Report’s Shad Marquitz on Silver’s Breakout, Lagging Miners, and What to Watch in 2026
StockTA Podcast
Great presentation, Shad. I’m surprised someone hasn’t made an offer away from KER, YOU’RE EXCEPTUAL
Those kind words are very much appreciated Marty. I have had offers to poach me to other platforms, but my heart has been here with the KER Crew since first posting back in 2010.
It has been my continual honor to work hard everyday to provide value to listeners here.
EXCEPTIONAL, MEA CULPA
Thanks for hanging with us. Glad to hear that your skills and abilities are being recognized. Not surprised in the least. Thanks for being a mentor to me no matter where you end up. I guess my message is “just thanks”.
… bounce bounce bounce…
Santa Cruz started trading on Nasdaq yesterday. Today it is flying!
Yeah, it has been nice to see Santacruz Silver blasting up 15% today and loving the big board US uplisting!
It gave $20 CDN an air hug today, 🤣
SCZM : Nice one! Topping now.
https://www.tradingview.com/x/aSO0fPOg/
DOLLAR : Support Structure
My friends, the USD is on the precipice of a serious move lower.
I love looking at the 200 day and 200 week Bollinger bands, generally, for any asset. On both timeframes, the bands for USD are historically narrow meaning USD has pent up energy.
Narrow BBs are not a guarantee of an imminent move and alone give no indication of direction. What they do express is potential energy, and there is no doubt that has built up in USD, whether a true break comes weeks or months from now.
Obviously a move lower should add juice to the already historic moves in gold and silver and could potentially set off a bit of a panic! The setup is there and is especially apparent on the weekly chart, where there is a H&S and we are hovering above the lower 200 week BB.
Wouldn’t it be ironic if a USD crash is accompanied by a BTC crash, which is also looking vulnerable here.
Thanks for that reading/interpretation
TSX.v, monthly, over 13 years, at a13 year high…
When HL/silver takes out its 2021 peak–and assuming it can sustain itself above that peak–it will be an incredibly significant event, dare I say unprecedented in HL’s entire NYSE history. For me it would constitute the first clear sign we are witnessing not just a historic move, but a generational one.
We are a stone’s throw away from making a higher high…
Now, if the ratio exceeds the 2016 peak, which is higher yet, forget about it!
The level is so important, that I wouldn’t doubt that we will get a backtest if we do break out, but who knows.
Goldman Sachs raises 2026-end gold price forecast to $5,400/oz
Reuters – January 21, 2026
“Goldman Sachs has raised its end-2026 gold price forecast to $5,400 per ounce from $4,900/oz earlier, noting private-sector and emerging market central banks’ diversification into gold.”
“Spot gold climbed to a peak of $4,887.82 per ounce on Wednesday. The safe‑haven metal has climbed more than 11% so far in 2026, extending a blistering rally that saw it jump 64% last year.”
“We assume private sector diversification buyers, whose purchases hedge global policy risks and have driven the upside surprise to our price forecast, don’t liquidate their gold holdings in 2026, effectively lifting the starting point of our price forecast,” the brokerage said in a note dated Wednesday.
The brokerage also expects central bank buying to average 60 tonnes in 2026 as emerging market central banks are likely to continue diversification of their reserves into gold.
Commerzbank, last week, raised its gold price forecast to $4,900 by the end of this year, citing “increased safe-haven demand.”
https://www.reuters.com/business/finance/goldman-sachs-raises-2026-end-gold-price-forecast-5400oz-2026-01-22/