MSE host Bill Powers interviews gold-stock fund manager Larry Lepard of Equity Management Associates (ema2.com) about the sharp junior-miner selloff, which he attributes to a strong jobs report and renewed rate-hike fears, and why he still expects higher gold and silver prices amid unavoidable monetary debasement. Lepard compares today’s environment to 1970s-style inflation waves, argues new Fed chair Kevin Warsh may be more dovish than expected, and says a future monetary reset could drive gold toward $10,000/oz+ and silver far higher, boosting silver equities. He outlines his preferred “sweet spot” of emerging, growing producers, discusses jurisdiction risks, portfolio management and profit-taking, and shares favorite stock picks.

00:00 Intro

00:17 Market Selloff

02:19 Inflation Waves and Fed Outlook

03:22 Monetary Reset and Metal Targets

04:26 Warsh Pivot and Rate Cuts

06:52 Fund Flows and Commodity Shift

09:26 Where Value Hides in Miners

14:18 Favorite Producers and Jurisdictions

17:27 Silver Price Upside and Taking Profits

20:44 Avino Silver 12-Bagger

21:47 Volatility and Taking Profits

23:08 When Mining Bets Fail

24:41 Refining the Investing Process

26:05 Tokenized Equities Debate

27:02 Monetary Debasement Thesis

29:36 Favorite Gold & Silver Stocks

33:27 How to Follow Larry

Larry’s contact info and Twitter handle:

https://twitter.com/LawrenceLepard

Larry’s Newsletter Sign-up: http://eepurl.com/gOf1dT

Larry’s Quarterly Fund Letter: https://ema2.com/quarterly-reports/

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

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