Sign up to save your podcasts
Or
Share Episode 7 Run Your Own Race
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Episode 7 Run Your Own Race
SHOW NOTES:
Title: Run Your Own Race
Subtitle: Joan Benoit Samuelson broke away from the pack at mile three and won the first women’s Olympic marathon mostly alone. I just spent three days at the Elko Mining Expo, and what I saw there told me something the tape didn’t. Going it alone isn’t always wrong.
There is something deeply uncomfortable about being the only person walking in the opposite direction from the crowd.
In 1984, a runner from Maine named Joan Benoit Samuelson broke away from the pack at mile three of the first Olympic women’s marathon. The rest of the field didn’t follow. They thought she’d burn out. She’d had serious knee surgery earlier that year. She ran most of the race alone and won the gold medal.
The crowd was wrong. The lone runner was right.
In this episode of Core Sample, I’m talking about what it actually looks like to read the data when the crowd is moving the other direction.
Gold dropped nearly 4 percent this past week. GLD closed Friday at $396.24. Year to date, it’s essentially flat but anyone who chased the February peak at $494.56 is down close to around 20 percent. The headlines drove it in my opinion: a blowout jobs report, stalled Middle East peace talks, and a repricing of Fed rate expectations.
But I just spent three days at the Elko Mining Expo, on Friday I gave a talk. Booths were packed, job postings were real and vendors appeared to be filling orders. The price signal and the operational signal are pointing in opposite directions.
In my experience as a former equity trader, investment banker, and capital markets professional the people on the ground tend to know something the market doesn’t.
This is not investment advice. You have to do your own research. But this is what reading the data actually looks like.
In this episode:
* Why going it alone feels awful and why it isn’t always wrong
* The 1984 Joan Benoit Samuelson story and what it teaches about conviction under uncertainty
* Gold’s 2026 round trip GLD’s February peak, this week’s drop, and what the chart actually says
* The divergence between the commodities tape and the operational reality on the ground at Elko
* Why the miners on the ground tend to know something the market doesn’t
* Oscar Wilde, the lone sheep, and what trusting your own research actually looks like
* Why this is not investment advice and why you still need to do the work
Resources:
* Sturnella Signals Newsletter: news.sturnellahq.com
* Find Sturnella: sturnellahq.com
* Myrtus career strategy: myrtushq.com
Disclaimer:
Everything on Core Sample is for informational and educational purposes only. Nothing here constitutes investment advice, financial advice, legal advice, or a recommendation to buy or sell any security. Sturnella LLC is a capital markets cybersecurity and governance advisory firm not a registered investment adviser, broker-dealer, or financial institution. Always work with a licensed professional who knows your specific situation before making any investment decision. Pull up a chair and do your homework.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit sturnellahq.substack.com
View all episodes
By Stories from the women holding up the mining, critical minerals, oil & gas and defense world.SHOW NOTES:
Title: Run Your Own Race
Subtitle: Joan Benoit Samuelson broke away from the pack at mile three and won the first women’s Olympic marathon mostly alone. I just spent three days at the Elko Mining Expo, and what I saw there told me something the tape didn’t. Going it alone isn’t always wrong.
There is something deeply uncomfortable about being the only person walking in the opposite direction from the crowd.
In 1984, a runner from Maine named Joan Benoit Samuelson broke away from the pack at mile three of the first Olympic women’s marathon. The rest of the field didn’t follow. They thought she’d burn out. She’d had serious knee surgery earlier that year. She ran most of the race alone and won the gold medal.
The crowd was wrong. The lone runner was right.
In this episode of Core Sample, I’m talking about what it actually looks like to read the data when the crowd is moving the other direction.
Gold dropped nearly 4 percent this past week. GLD closed Friday at $396.24. Year to date, it’s essentially flat but anyone who chased the February peak at $494.56 is down close to around 20 percent. The headlines drove it in my opinion: a blowout jobs report, stalled Middle East peace talks, and a repricing of Fed rate expectations.
But I just spent three days at the Elko Mining Expo, on Friday I gave a talk. Booths were packed, job postings were real and vendors appeared to be filling orders. The price signal and the operational signal are pointing in opposite directions.
In my experience as a former equity trader, investment banker, and capital markets professional the people on the ground tend to know something the market doesn’t.
This is not investment advice. You have to do your own research. But this is what reading the data actually looks like.
In this episode:
* Why going it alone feels awful and why it isn’t always wrong
* The 1984 Joan Benoit Samuelson story and what it teaches about conviction under uncertainty
* Gold’s 2026 round trip GLD’s February peak, this week’s drop, and what the chart actually says
* The divergence between the commodities tape and the operational reality on the ground at Elko
* Why the miners on the ground tend to know something the market doesn’t
* Oscar Wilde, the lone sheep, and what trusting your own research actually looks like
* Why this is not investment advice and why you still need to do the work
Resources:
* Sturnella Signals Newsletter: news.sturnellahq.com
* Find Sturnella: sturnellahq.com
* Myrtus career strategy: myrtushq.com
Disclaimer:
Everything on Core Sample is for informational and educational purposes only. Nothing here constitutes investment advice, financial advice, legal advice, or a recommendation to buy or sell any security. Sturnella LLC is a capital markets cybersecurity and governance advisory firm not a registered investment adviser, broker-dealer, or financial institution. Always work with a licensed professional who knows your specific situation before making any investment decision. Pull up a chair and do your homework.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit sturnellahq.substack.com