Today’s episode features Giacomo Prandelli of the popular The Merchant's News newsletter on Substack. Giacomo Prandelli is a commodity analyst and geopolitical strategist who connects energy market movements with global events.

AUDIO IS AVAILABLE HERE

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NB - Recorded on Wednesday 17th December AM

The following topics are covered:

* The short, medium and long-term outlook for Oil

* Venezuela. From sanctions to opportunity!

* Maduro. Trump. Where the political game stands now

* Why Venezuela’s heavy crude still matters so much for US Gulf Coast refineries

* The importance of the news headlines and why we should be focused on the fundamentals

* Russia. Ukraine and the shadow fleet

* How the sanctions architecture actually works in practice

* Shadow fleet mechanics. STS transfers. opaque ownership. price cap leakage

* What could realistically tighten the screws and what that would do to crude and products flows

* Guyana. the new offshore oil frontier

* Exxon’s dominance so far, and the entry of other players

* How Guyana changes the Atlantic Basin balance vs Brazil. US Gulf. West Africa

* Key risks & potential border tensions with Venezuela

* Europe’s gas and LNG outlook

* How dependent Europe now is on US LNG. and how stable that flow really is

* General EU Nat Gas dynamics

* Is Colombia next?

Map showing the south of the USA and the shipping channel to South America

Example of recent news - Trump orders ‘blockade’ of sanctioned oil tankers leaving, entering Venezuela | Reuters

Contact Information

You can connect with Giacomo Prandelli on Substack at The Merchant's News, and also on X and LinkedIn.

2 recent articles to check out are:

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Welcome to Mid-Week Macro for Wednesday 17th December 2025.

Protect your wealth. Defend your freedom. Outsmart the system.

This post and video are FREE for everyone.

There WILL be a Mid-Week Macro on Wednesday 24th December 2025.

NB - Substack live has seemingly cut off the first few minutes of the recording. Apologies for that. The first few minutes looked at the variety of recordings and posts on CC this week. These links are further on below.

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Mid-week Polymarket market

Thank you Polymarket for working in partnership with The Contrarian Capitalist. You can connect with Polymarket on Substack!

Even with the weak jobs data, there is currently a 77% chance of ‘‘no change’’ to the Fed rate come January. This seems about right to me at the time of writing.

Podcasts & Posts

2 excellent guest posts that are worth reading (and they are free) are from Guardian Research….

And Tom Bradshaw….

Giacomo Prandelli from The Merchant's News outlined his short, medium and long-term price targets for Oil.

News Links

Bank of Japan expected to hike rates to 30-year high

Bank of England poised for Christmas interest rate cut after inflation slows

Trump is good news for Nato, Mark Rutte tells BBC - Is it really?

On the other hand…..

Weak Hiring Data Underscore Fed’s Room to Manoeuvre

WTI Holds ‘Venezuela Blockade’ Gains After Small Crude Draw, Record US Production

2-Hour Private Strategy Call with The Contrarian Capitalist

A focused two-hour session covering anything you want, including commodities, macro, Plan B strategies, residency, property, precious metals or geopolitics. You set the agenda and get clear, actionable guidance.

$147, valid until 31st Dec 2025

PAID SUBS GET A DISCOUNT (behind the paywall in the Friday Commodity Wrap)

NB - I am not a financial advisor

Welcome to Mid-Month Macro with Chris Stadele of LiveSquawk Commodity Corner

As per usual, there is a LOT to talk about!

5 small bits of housekeeping

* None of this is to be constituted as investment or trading advice. We are NOT financial advisors.

* This video was recorded just after 09:00 ET on Monday 15th December

* The Monthly Wrap for December will be recorded on 31st December 2025

* Please continue to provide feedback as it helps us to continue to provide as much value to you as possible

* Please subscribe to both The Contrarian Capitalist and LiveSquawk Commodity Corner using the buttons below

Charts looked at today include Gold, Silver, Copper, Palladium, Platinum, VIX, DXY, S&P, NASDAQ and WTI Oil.

NB - Apologies for the charting issues with TradingView today.

The Macro Turning Point Most Investors Are Missing

Today’s podcast guest is Adam Rozencwajg.

Adam Rozencwajg is the Co-Founder and Managing Partner of Goehring & Rozencwajg (G&R), a leading natural resource investment firm headquartered in New York City.

With nearly two decades of experience in commodity and natural resource investing, Mr. Rozencwajg is widely regarded as an authority in the field, known for his contrarian deep-value approach and rigorous, original research across long-term commodity cycles.

AUDIO IS AVAILABLE HERE

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NB - Recorded on Thursday 11th December AM

In this wide-ranging podcast, Adam A. Rozencwajg discusses:

* The carry cycle and its correlation with commodities

* Whether Gold is currently cheap or expensive

* The Gold to Oil ratio and what its current level tells us

* Is oil supply being overstated?

* Demand and land factors affecting oil

* Why there is still some potential room to run in coal

* Copper outlook

* What Silver is telling us at the moment

* And much more

Contact Information

You can download the excellent Q3 Commentary by visiting https://www.gorozen.com/commentaries/2025-q3

Goehring & Rozencwajg manages a global, long-only natural resource strategy designed to provide broad, diversified exposure to the full natural resource complex. The firm is distinguished by its original research, decades of sector expertise, and long-term track record across multiple market cycles.

ALL interview podcasts are released to PAID SUBSCRIBERS first.

Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.

Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.

Thank you for being part of The Contrarian Capitalist community!

Today’s podcast guest is Trader Ferg, a true Contrarian who has been a ‘‘Full-time trader for 9 years’’ and who has a ‘‘habit of hanging out in hated corners of the market that are uninvestable".

AUDIO IS AVAILABLE HERE

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NB - Recorded on Tuesday 9th December PM. Many companies and ETF’s are mentioned throughout the recording. These are not to be taken as financial advice/recommendations. Always do your own homework and manage risk properly. We are not financial advisors.

In this wide-ranging podcast, Ferg discusses:

* 2 Tin companies worth keeping an eye on

* Supply dynamics for Platinum, Palladium, Rhodium and Copper

* Why the future is bright for PGMs but not necessarily Copper

* How to potentially profit from oil services moving forwards

* Why getting out of USD exposure could be wise moving forwards

* Quasi Exchanges

* And much more

Contact Information & Previous Recordings

You can find Trader Ferg on Substack and X.

You can listen to our previous conversation below.

Three must read articles from Ferg include:

The Platinum Stock Supply Crisis by Dr. David Davis - Auctus Metals: Expert Precious Metal Portfolio Management Services

ALL interview podcasts are released to PAID SUBSCRIBERS first.

Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.

Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.

Thank you for being part of The Contrarian Capitalist community!

Welcome to Mid-Week Macro for Wednesday 10th December 2025.

Protect your wealth. Defend your freedom. Outsmart the system.

This post and video are FREE for everyone.

Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.

Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.

Thank you for being part of The Contrarian Capitalist community!

Mid-week Polymarket market

Given that the Fed just cut rates by 25bps, it is no surprise to see that Polymarket has the odds of ‘no rate cut’ in January 2026 at 81%. I would have it a bit higher but that could depend on that delayed jobs report, which is due out on 16th December.

Thank you Polymarket for working in partnership with The Contrarian Capitalist. You can connect with Polymarket on Substack!

Podcasts/Posts/News Links

$60 SILVER IS HERE

US could ask tourists for five-year social media history before entry

“Bud Light” Moment Hits Cracker Barrel: Stock Crushed, Traffic Slides, Guidance Slashed

Deep Discounts Tempt Indian Refiners To Seek Non-Sanctioned Russian Oil

2-Hour Private Strategy Call with The Contrarian Capitalist

More and more people are asking for 1 on 1 calls to discuss a plethora of topics. I’ve now created a 2-hour private call with myself; the button below is also at a special price of just $147, valid until 31st Dec 2025.

A focused two-hour session covering anything you want, including commodities, macro, Plan B strategies, residency, property, precious metals or geopolitics. You set the agenda and get clear, actionable guidance.

NB - I am not a financial advisor and PAID SUBS GET A DISCOUNT (behind the paywall)

Thank you Tom Weiss, Dana, and many others for tuning into my live video! Join me for my next live video in the app.

Today’s episode features Tom Bradshaw, an independent macro strategist and financial markets commentator. He is also the author of the ‘Beyond the Headlines’ newsletter, where he provides historical, data-driven insights on global macro trends, markets, and systemic financial risks.

AUDIO IS AVAILABLE HERE

Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST

NB - Recorded on Monday 8th December AM. A lot of charts are discussed, so it is advised to watch the video.

Please also provide feedback on this video. If you would like to see more chart analysis from Tom (other commodities etc) then please do let us know by leaving a comment or getting in touch!

Tom discusses:

* Silver charts from 1802, including a significant price target for the late 2020’s

* Silver and Gold similarities between the 1970’s and 2020’s bull runs

* $9,250 Gold by 2028

* S&P to Gold ratio from 1921 to present day

* 165 years of Oil v Silver

* Is an 80% Bitcoin crash to happen?

* And much more

Contact Information

You can connect with Tom on Substack at Tom Bradshaw and also on LinkedIn.

ALL interview podcasts are released to PAID SUBSCRIBERS first.

Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.

Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.

Thank you for being part of The Contrarian Capitalist community!

Today’s episode features Senior Market Commentator Rudy Havenstein, of the popular A Havenstein Moment. Substack.

AUDIO IS AVAILABLE HERE

Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST

NB - Recorded on Friday 5th December AM

A multitude of topics were discussed, including:

* Why you need to know who Rudolf Havenstein was

* The financial and economic parallels between the Weimar Republic and 2008 onwards

* Inflation and the fascist capitalism of politics

* Deficit spending and cutting back financial waste

* Politics and power - the unbreakable bond

* Debt Spirals & Yen Carry Trade coming to an end

* Who is at the head of the illegal drug food chain

* Rudy’s most memorable concert

* And more

Contact Information

You can connect with Rudy on X and also on Substack at Rudy Havenstein and A Havenstein Moment.

Rudolf Havenstein - Wikipedia

Parliament Ltd: A journey to the dark heart of British politics

ALL interview podcasts are released to PAID SUBSCRIBERS first.

Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.

Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.

Thank you for being part of The Contrarian Capitalist community!

Today’s episode features Jay Martin, President & CEO of Cambridge House International Inc. and host of The Jay Martin show.

AUDIO IS AVAILABLE HERE

Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST

NB - Recorded on Tuesday 2nd December PM

Jay Martin discusses:

* U.S, Venezuela, Cuba and Russia

* The importance of the Mississippi River and Louisiana

* Various choke points around the world i.e. Suez Canal, Malacca Strait

* Why Canada might tentatively be back on track

* Efficient debt v inefficient debt spending

* China v The West - the politics differences that help to shape the world

* Will Trump run for a 3rd term?

* The Vancouver Resource Investment Conference on 25th & 26th January 2026

* And much more

Contact Information

Since 2011 he has expanded Cambridge House from Canada’s leading junior mining conferences to become Canada’s most recognizable brand in public venture capital. Today Cambridge House produces the largest investment conferences in the country in natural resources and hosts the largest video library of investment content in Canada.

You can connect with Jay Martin at Cambridge House.

And on The Jay Martin show on YouTube.

NB - The Vancouver Resource Investment Conference is on 25th & 26th January 2026.

Vancouver Resource Investment Conference 2026 Tickets

ALL interview podcasts are released to PAID SUBSCRIBERS first.

Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.

Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.

Thank you for being part of The Contrarian Capitalist community!

Today’s podcast guest is John Rubino of the very popular John Rubino's Substack.

John is a former Wall Street financial analyst, an acclaimed author and a well-rounded student of history. If you are looking to learn about the markets and to understand all things finance, then please do check out his work.

AUDIO IS AVAILABLE HERE

Please LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALIST

NB - Recorded on Tuesday 2nd December PM

John cuts through the noise with regards to:

* Inelasticity of gold and silver

* CME’s recent ‘cooling challenges’

* The 293-million-ounce silver deficit forecast for 2026

* Gold, Silver, Copper, Uranium, Oil and the miners

* Key factors to take into consideration when picking miners

* Why big money is only just starting to enter the commodity space

* Why precious are on an upwards trajectory for a long time

* And much more

Contact Information & Previous Recordings

You can connect with John at John Rubino’s Substack

Our previous podcast/video can be found below.

ALL interview podcasts are released to PAID SUBSCRIBERS first.

Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.

Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.

Thank you for being part of The Contrarian Capitalist community!