[Recorded March 18th, 2026] Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins me for our monthly longer-format discussion on different macroeconomic factors and market reactions to the war in the Middle East, and how he continuing to accumulate select stocks into the volatility in gold, royalty, uranium, and critical minerals resource stocks.
We start off discussing the macro factors moving the markets, from slowing growth and lower GDP readings quarter over quarter, to rising inflation numbers, surging oil prices, and a higher US dollar in response to the geopolitical tensions. Whereas oil has a near 90% correlation with the UD dollar, gold has been negatively correlated, dropping while the greenback has moved higher.
Shifting over to the corrective moves in gold, silver, and the precious metals stocks, Nick points out that investors must know what they own, understand the thesis on why they own it, and have confidence in the coming catalysts and teams ability to execute.
- If investors have this understanding and conviction in their stock selections, then they’ll be able to hold through any corrective moves, like what we’ve been seeing across the board in March.
- He points out that we are still in a structural bull market in the precious metals due to a number of macroeconomic factors, and believes buying into extreme weakness will be rewarded in the future.
We then pivoted over to the advantages of the royalty stock business model, and he highlighted the value proposition that he sees in Royal Gold (NASDAQ: RGLD) and how he utilized the strategy of setting targeted limit orders to take advantage of market volatility and acquire a larger position recently.
Shifting over to the junior mining stocks, Nick highlighted the corrective moves and lack of buying volume in some of names he’s been acquiring like North Shore Uranium Ltd. (TSX-V:NSU) and Daura Gold Corp. (TSXV: DGC) (OTC Pink: DGCOF).
- This transitioned the conversation over into some of the macro drivers of nuclear power and the need for new uranium discoveries.
Wrapping up we briefly covered the renewed investor interest and participation in critical minerals companies focused on rare earths, antimony, tungsten, tantalum, niobium, scandium, and germanium.
- With regards to rare earths, he mentioned Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR), due to their ability to mine mineral sands projects globally, to then separate, and process rare earths domestically.
- Nick also flagged PMET Resources Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) as a company that not only has a world-class lithium project, but also compelling caesium and tantalum resources.
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