Coal, Commodities & War Risks: Macro Butler on Silver, Oil, Cybersecurity and Hedging with Inverse ETFs

Derek and Tony of Piggos Trading Desk welcome back macro analyst Laurent Lequeu (“ The Macro Butler ”) to discuss using leveraged and inverse ETFs for day trading versus portfolio hedging, emphasizing they are not buy-and-hold tools due to volatility. Lequeu outlines a bullish 12–24-month outlook for commodities driven by geopolitics and rotation out of tech, citing upside in precious metals (especially silver and platinum), base metals, and energy. They cover Mexico mining country risk and cartel-related disruptions as bullish for silver, and contrast safer jurisdictions like Canada and the U.S. Lequeu highlights opportunities in potash/fertilizers, copper (with Freeport as an example), early-stage nickel, M&A signals like Glencore–Rio talks, and under-the-radar coal as AI power demand rises. He forecasts WTI potentially reaching $80–$90, and discusses cybersecurity as oversold with war-related catalysts. They also plug Macro Butler Academy, Substack, and upcoming coal research.

00:00 Coal Powers AI

01:17 Show Intro Guest

01:47 Inverse ETF Hedging

03:40 Silver Volatility Outlook

04:35 Commodity Bull Run

07:33 Mexico Mining Risks

12:27 Safer Jurisdictions

14:19 Argentina Uranium Play

15:29 Softs Base Metals

19:40 M&A And Coal

21:52 Oil To 90

24:40 Blood Economy Talk

26:19 Cybersecurity Rebound

30:57 Macro Butler Academy

32:11 Substack And AI Videos

33:17 Final Thanks Outro

Contact Laurent:
laurent-lequeu-
https://x.com/LLequeu?ref_src=twsrc%5..
https://www.themacrobutler.com/

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