Peter Grandich: The Most Bullish Precious Metals Setup in my 38-Year Career

Tom welcomes returning guest Peter Grandich to the show. Peter is hearing directly from his clients that it's difficult to get goods and prices are rising quickly. The Fed's ability to deal with inflation seems limited. The lockdown created secondary effects on supply chains, and now things are becoming compounded with China and Russia. The Fed's tools are largely useless at correcting this situation.

Peter is out of the markets since last fall as he felt markets were in the largest bubble ever. It's hard for average investors to understand a real bear market. Real panic is coming, and selling could become an avalanche, and much of the money in the markets is passively managed.

Seniors could be amongst the hardest hit in this inflationary environment.

Gold will always act as a safe haven except when investors are trying to meet margin calls. Liquidity problems can result in short-lived sell-offs.

He believes both uranium and copper will do well in the coming years. He also breaks down some of the risks and rewards of junior mining and why management is key. Investors need to keep a close eye on jurisdiction of projects.

He is convinced that nuclear will become increasingly important in a world that demands energy. Uranium certainly will go up, but this may take some time.

Energy prices including gasoline will continue to be high. He notes that oil and gas equities are currently overpriced.

Miners are beaten down, and most people have limited short-term horizons. Mining is the sector where it would be difficult to lose money from here.

Peter notes that politics has become increasingly polarized, and Biden appears to have health issues. The political ramifications of who could replace the president may become an issue.

Talking Points From This Episode

* Causes of inflation and why the Fed can't fix it.* Utility of gold as a safe-haven asset.* Outlook for uranium and copper.* Miners are looking particularly good right now.

Time Stamp References:0:00 - Introduction0:38 - Fed's Soft Landing?3:25 - Equity Markets6:44 - Targets & Losses9:54 - Pensioners & Wages12:05 - Cryptocurrencies15:05 - PMs and Safe Assets19:01 - Producers & Mining22:45 - Miner Discipline25:03 - Management Forte26:15 - Uranium Outlook31:57 - Oil & Gas34:13 - Mining & Sentiment35:50 - Concluding Thoughts38:43 - Wrap Up

Guest Links:Website: https://petergrandich.com

Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training. Within three years, he was appointed Head of Investment Strategy for a leading New York Stock Exchange member firm. He would hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds, and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron's, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. In addition, he has spoken at investment conferences worldwide, edited numerous investment newsletters, and was one of the more sought-after financial commentators.

Grandich has been a member of the National Association of Christian Financial Consultants, The New York Society of Security Analysts, The Society of Quantitative Analysts, and The Markets Technician Association. He is an active supporter of Athletes in Action, the Fellowship of Christian Athletes, Good News International Ministries, and Catholic Athletes For Christ.