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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