Palisades Gold Radio

Stijn Schmitz welcomes Lobo Tiggre to the show. Lobo Tiggre is the founder of the Independent Speculator. The discussion explores the current state of commodities markets, with a particular focus on precious metals, energy, and geopolitical dynamics. Tiggre provides a nuanced perspective on the gold market, emphasizing that despite recent volatility, the long-term outlook remains positive. He argues that gold trading around $4,500-$4,700 is still a strong position, and the current correction should be viewed with perspective. The fundamental drivers for gold remain intact, including de-dollarization trends and global economic uncertainties. Regarding silver and platinum group metals, Tiggre believes they will not be left behind in the broader precious metals rally. He notes that silver is particularly volatile and can present unique buying opportunities during market corrections. For uranium and copper, he maintains a strongly bullish long-term outlook, viewing them as critical energy metals with structural supply constraints. The conversation delves into the geopolitical landscape, with Tiggre discussing how current global tensions are accelerating trends like de-dollarization and creating potential opportunities in various commodity markets. He emphasizes the importance of disciplined investing, advocating for a “buy low, sell high” approach and maintaining cash reserves to capitalize on market corrections. Timestamps: 00:00:00 – Introduction 00:01:05 – Market Volatility Discussion 00:04:14 – Gold Bull Market Fundamentals 00:06:59 – War’s Impact on Gold 00:09:30 – US Dollar Reserve Status 00:12:37 – Oil Market Complacency 00:20:14 – Disrupted Commodities Overview 00:21:16 – Silver Supply and Demand 00:27:02 – Gold Miners Risk Reward 00:32:45 – Copper Long-Term Outlook 00:38:32 – Nickel and Coal Thesis 00:41:09 – Uranium Investment Opportunities 00:45:59 – Wrap Up Guest Links: Website: https://independentspeculator.com X: https://x.com/duediligenceguy Facebook: https://www.facebook.com/louis.james.965580/ LinkedIn: https://www.linkedin.com/in/lobotiggre/ Lobo Tiggre, aka Louis James, is the founder and CEO of Louis James LLC, and the principal analyst and editor of IndependentSpeculator.com. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James.” While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey. Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. However, his long tutelage under world-class geologists, writers, and investors resulted in an exceptional track record. A fully transparent, documented, and verifiable track record is a central feature of the IndependentSpeculator. Mr. Tiggre will put his own money into the speculations he writes about, so his readers will always know he has “skin in the game” with them.

Stijn Schmitz welcomes back John Feneck to the show. John is CEO of the Feneck Consulting Group. In this in-depth discussion, Feneck shares insights into critical minerals, defense metals, and investment opportunities across various sectors. John is particularly bullish on tungsten, highlighting that China currently produces about 81% of the world’s tungsten supply, creating significant potential for Western mining companies. Feneck specifically recommends two companies as promising tungsten-focused investments. He notes the critical mineral space is receiving substantial government attention, with the US dedicating $112 billion to support critical mineral development. The geopolitical landscape, particularly tensions with China and ongoing conflicts, further underscore the importance of diversifying mineral supply chains. In the silver market, Feneck maintains an optimistic outlook. He currently holds an 18% portfolio position in silver and suggests the metal has significant upside potential. Regarding gold, Feneck believes there’s still substantial room for growth. Major banks like JP Morgan, Bank of America, and Goldman Sachs are maintaining forecasts between $5,500 and $6,000, indicating continued confidence in the sector. The discussion also touches on broader market dynamics, including potential sector rotation away from technology and AI stocks. Feneck emphasizes the importance of understanding market volatility and being prepared for potential short-term pullbacks. Timestamps: 00:00:00 – Introduction 00:01:00 – Defense Metals Outlook 00:03:05 – Tungsten Stock Picks 00:06:42 – Tungsten Supply Pricing 00:09:00 – Silver Defense Applications 00:10:30 – Portfolio Performance Highlights 00:12:55 – Silver Premium Dynamics 00:15:00 – Silver Miners Opportunities 00:19:06 – War Black Swan Impact 00:20:31 – Oil Energy Investments 00:22:10 – Oil Related Products 00:23:36 – Rare Earth Elements 00:25:23 – Gold Bull Market Views 00:29:03 – Miner Valuations 00:32:08 – Upcoming Conferences Details 00:34:00 – Concluding Thoughts Guest Links: X: https://x.com/feneckconsult YouTube: https://youtube.com/feneckcommoditiesreport LinkedIn: https://www.linkedin.com/company/feneckcommoditiesreport E-Mail: mailto:[email protected] Website/Newsletter: https://www.feneckconsulting.com/ Conference: https://topshelf-partners.com John Feneck’s upcoming conferences: May 17 to 19, 2026 = Grand Hyatt, Washington, DC May 20 to 22, 2026 = Four Seasons, Fort Lauderdale, FL Both events are invitation only. If interested, please email John at [email protected] no later than April 15. Go to “events” then “Washington DC or Florida”, then “companies” to see who has been invited on the event website: https://topshelf-partners.com/ . Investors can attend in person, or virtually. Ticker’s Discussed:Western Star Resources (WSRIF, WSR), Triumph Gold (TIGCF, TIG), Gold equity ETFs (GDX, GDXJ), Silver Equity ETFs (SLVP, SILJ), Silver47 Exploration (AAGAF, AGA), Guardian Metal Resources (GMTLF, GMET.L (US ticker will soon uplist to NYSE as “GMTL”)), Paramount Gold (PZG), Denarius Metals (DNRSF, DMET). John Feneck is CEO of Feneck Consulting Group. He began his career in 1992 as an equity analyst for Merrill Lynch’s global allocation fund. From 1993 to 2019 he held senior executive roles at Merrill Lynch Funds (now BlackRock) and J.P. Morgan Chase Funds, where he ranked #1 in gross and net sales once at Merrill Lynch and three times at J.P. Morgan (among 40 peers). Since 2017 he has contributed articles to Kitco—becoming a regular contributor in 2021—and has appeared as a featured guest. He’s delivered over 250 client seminars and webinars, spoken at 12 global commodities events, and in 2017 joined Sprott’s precious metals portfolio-management team. There he developed a proprietary methodology combining technical analysis with direct insights from company management, advocating a “go anywhere” strategy and a diversified portfolio of 25–50 resource stocks to navigate the sector’s volatility. In September 2019 he founded Feneck Consulting Group, helping small- and mid-cap metals and mining companies raise brand awareness and advising high-net-worth advisors on market opportunities and risks. He holds Series 7, Series 63, CMFC and CIMA Level 1 certifications (though he is not a licensed advisor) and focuses on consulting. Based in Scottsdale, AZ, he’s a single dad to an 11-year-old daughter and spends weekends as a professional musician, athlete and traveler.

Stijn Schmitz welcomes a new guest to the show David Woo. David is a Macro Analyst and Former Wall Street strategist. In this wide-ranging interview, Woo provides insights into the current geopolitical and economic landscape, focusing on the ongoing conflict in the Middle East and its potential implications for global markets. Woo argues that the current war represents the first proxy conflict between the United States and China, with Iran playing a strategic role. He suggests that the conflict’s outcome could significantly impact global dynamics, particularly concerning oil trade and maritime control. Specifically, he highlights the potential for China to resist US control of the Strait of Hormuz, drawing parallels to historical conflicts like Japan’s attack on Pearl Harbor. Regarding gold, Woo offers a nuanced perspective. He explains that gold’s recent performance has been more closely correlated with stock market movements, driven largely by retail investor behavior rather than traditional fundamental drivers like inflation or de-dollarization. While he remains long-term bullish on gold, he believes the metal’s short-term performance is more tied to broader market sentiment. On oil markets, Woo is fundamentally bearish, citing massive global production increases from non-OPEC producers like Ghana, Venezuela, Brazil, and the United States. He anticipates oil prices will eventually collapse, particularly once the current conflict resolves. He also sees potential opportunities in defense-related sectors, believing increased military spending is likely in the conflict’s aftermath. Woo’s analysis extends to broader geopolitical trends, including the potential reshaping of global economic relationships. Timestamps: 00:00:00 – Introduction 00:00:40 – Guest Introduction and Welcome 00:03:30 – Gold’s Correlation with Stocks 00:06:38 – Retail Investors Driving Gold 00:10:54 – De-dollarization and Inflation Trends 00:13:00 – China’s Gold Buying Impact 00:15:17 – Energy Outlook 00:19:22 – Iran Off-Ramp? 00:21:56 – War Outcomes and Military Spending 00:23:00 – Conflict Outcomes 00:25:00 – Hormuz in Dire Straits? 00:27:15 – Proxy War with China 00:30:30 – Petrodollar System Status 00:32:57 – Oil Futures Curve Analysis 00:34:22 – Oil Demand 00:37:30 – Short-Term Approach 00:38:33 – Rare Earth Metals 00:41:00 – His Book and Gold Guest Links: Website: https://davidwoounbound.com X: https://x.com/Davidwoounbound YouTube: https://www.youtube.com/@DavidWooUnbound Formerly Head of Global Interest Rates and former senior Wall Street strategist, David built his reputation by challenging consensus thinking — calling Trump’s 2016 election, the post-COVID rebound, and major macro inflection points before they happened. One of the most respected macro strategists on Wall Street, today he brings that same independent, data-driven analysis directly to retail investors — free from institutional bias, groupthink, and agendas. He is joined by John Hopkinson, PhD, a mathematician trained at MIT, who translates David’s macro vision into precise, actionable trading strategy — complete with stock selections, targets, and stop levels published every week.

Stijn Schmitz welcomes back Trader Ferg to the show. Trader Ferg is a Full-time Trader & Author of the Trader Ferg Substack. In this wide-ranging discussion, Trader Ferg shares his insights on several critical commodity markets and geopolitical developments, focusing primarily on coal and corn as compelling investment opportunities. Regarding coal, Trader Ferg argues that the conflict in the Red Sea and disruptions to LNG infrastructure have created a structural shift that will drive thermal coal prices higher. He highlights the significant damage to LNG trains and the resulting long-term supply constraints, particularly for European energy markets. With European gas storage at historic lows and alternative supply routes limited, coal becomes an increasingly attractive alternative. Ferg expects thermal coal prices to potentially reach the low $200 per ton range, driven by Asian cooling demands and European energy needs. For corn, Trader Ferg sees significant potential due to fertilizer supply disruptions caused by conflicts in the Red Sea. The timing coincides with critical planting seasons, which could create acute shortages and price volatility. He prefers playing corn through options, citing the attractive volatility and low cost of entry compared to traditional equity plays. The conversation also explores broader macroeconomic trends, including the potential for gold to re-emerge as a settlement currency between nations. Ferg believes we’re witnessing an acceleration of de-dollarization, with countries like Russia exploring gold-based settlement mechanisms with Asian trading partners. On precious metals, Ferg remains bullish, viewing the current pullback as a temporary setback in a longer-term bull market. He anticipates continued inflationary pressures and potential monetary expansion will ultimately support gold and other commodity prices. Throughout the discussion, Trader Ferg emphasizes his investment philosophy of identifying underappreciated, cyclical commodities with structural tailwinds and asymmetric potential for significant price appreciation. Timestamps: 00:00:00 – Introduction 00:00:33 – Welcoming Guest Furgerskullen 00:01:05 – Spotlight on Coal Opportunities 00:02:03 – LNG Supply Disruptions Analysis 00:04:49 – Europe’s Russian Gas Ban 00:09:57 – Thermal Coal Demand Revival 00:17:15 – Fertilizer Shortages Hit Grains 00:23:12 – Precious Metals Bull Market 00:30:31 – Gold as Settlement Currency 00:32:50 – Platinum Group Elements Update 00:38:30 – Oil Market Dynamics Discussion 00:45:16 – Helium Export Vulnerabilities 00:48:40 – Concluding Thoughts Guest Links: Substack: https://traderferg.substack.com/ X: https://x.com/trader_ferg Trader Ferg is a Full-time trader for going on 8+ years now. He has a habit of hanging out in hated corners of the market that are considered uninvestable. He enjoys sharing his research and thoughts about possible trades and markets.

Stijn Schmitz your host welcomes Gary Wagnar to the show. Gary Wagnar is Executive Producer of TheGoldForecast.com. In this detailed discussion about gold markets, Wagnar provides a comprehensive technical analysis of current gold trading conditions, highlighting significant market movements and potential future trajectories. Currently, gold is experiencing notable volatility, with prices dropping below $5,000 per ounce. Gary emphasizes the importance of the 50-day moving average as a critical technical indicator, noting that breaking below this level suggests a potential pivot from a bullish to a bearish market trend. He attributes the recent price decline primarily to the Federal Reserve’s decision to maintain current interest rates, which has dampened gold’s performance. Despite the short-term bearish outlook, Wagnar remains cautiously optimistic about gold’s long-term prospects. He points out that gold has still gained 16% over the past year, which is a significant performance compared to other commodities. The ongoing geopolitical conflicts and potential inflationary pressures from rising oil prices could provide future support for gold prices. Wagnar also discusses his technical analysis approach, particularly his preference for Japanese candlestick charting, which he believes offers superior visual insights into price movements compared to traditional Western bar charts. He uses Fibonacci retracement levels to identify potential support and resistance points, currently suggesting that gold could find support around $4,677 if the current downward trend continues. Timestamps: 00:00:00 – Introduction 00:00:45 – Market Volatility Overview 00:01:00 – Compelling Trading Setups 00:01:07 – Gold Technical Breakdown 00:01:43 – Geopolitical Conflict Impacts 00:02:40 – Federal Reserve Influence 00:04:51 – Gold Yearly Performance 00:05:30 – Miners Disparity Analysis 00:10:06 – Bull Market Cycle Position 00:10:15 – Candlestick Chart Techniques 00:27:19 – Long-Term Bull Outlook 00:33:39 – Oil Spike Inflation 00:37:23 – Silver Market Leverage 00:45:44 – Guest Service Details 00:53:36 – Concluding Thoughts Guest Links: Website: https://thegoldforecast.com X: https://x.com/TheGoldForecast Gary S. Wagner is the executive producer of TheGoldForecast.com – a daily video newsletter covering precious metals. He has been a technical market analyst for over 35 years. Since 2010 he has been a regular analyst for Kitco News, where he authors daily commentary “Hawaii 6-O”. He has written for Stocks & Commodities Magazine, Futures Magazine, Street, and Barons. He has been a speaker for many financial seminars like Dow Jones Financial Symposium or Futures West. Gary S. Wagner coauthored a book “Trading Applications of Japanese Candlestick Charting” a John Wiley publication. He also co-developed a software application for market forecasting called the “Candlestick Forecaster”. Considered as one of the first computer programs to recognize and identify Candlestick patterns. He was mentored by many great technical analysts like John Bollinger and Larry Williams.

Stijn Schmitz welcomes Jeffrey Christian to the show. Jeff is the Managing Partner of the CPM Group. In this comprehensive discussion, Christian provides nuanced insights into the current state of precious metals, global economics, and geopolitical dynamics. Regarding gold, Christian argues that the market is in a long-term secular upward trend, with the current bull market potentially 60-70% through its cycle. He emphasizes that gold serves as a financial asset, a safe haven, and a portfolio diversifier. While acknowledging concerns about global deficits and debt, Christian suggests these issues are not as catastrophic as some analysts claim, pointing out that economic systems have historically adapted to significant financial challenges. The discussion explores broader economic trends, including de-globalization, reduced international trade, and potential decoupling of the world economy from the United States. Christian highlights the complex dynamics of central bank and sovereign wealth fund gold purchases, noting a critical distinction between monetary reserve acquisitions and investment-driven purchases. On silver and other precious metals, Christian describes a more specialized and volatile market compared to gold. He provides detailed insights into market dynamics, including arbitrage opportunities, industrial demand, and regional variations in trading. The conversation also delves into geopolitical risks, particularly the ongoing conflict in the Middle East and its potential implications for oil markets and global trade. Christian warns of potential economic disruptions, suggesting that a combination of factors could lead to a recession, including challenges in private equity, technology sectors, and international trade relationships. Timestamps: 00:00:00 – Introduction 00:00:52 – Gold Long-Term Cycle 00:04:26 – Bull Market Drivers 00:07:46 – De-globalization Effects 00:11:32 – Middle East Conflict 00:15:14 – Gold’s Safe Haven Role 00:20:33 – Retail Investor Participation 00:23:10 – Miners & Gold Disparity 00:24:47 – Silver Market Dynamics 00:28:32 – East Vs. West Prices 00:33:10 – Precious Metals Outlook 00:37:54 – Global Energy Crisis 00:42:08 – Dire Straits 00:43:54 – Supply Chain Concerns 00:48:13 – Recession Precious Metals 00:53:15 – Recession Risk & Liquidity 00:54:14 – CPM Group Overview Guest Links: X: https://x.com/CPMGroupLLC Website: https://www.cpmgroup.com/ Questions E-Mail: mailto:[email protected] YouTube: https://www.youtube.com/c/CPMGroup/videos Jeffrey Christian is the Managing Partner of the CPM Group. He is considered one of the most knowledgeable experts on precious metals markets, commodities in general, and financial engineering, using options for hedging and investing purposes. He is the author of Commodities Rising 2006. Jeffrey Christian has been a prominent analyst and advisor on precious metals and commodities markets since the 1970s, with work spanning precious metals, energy markets, base metals, agricultural markets, and economic analysis. The company was founded in 1986, spinning off the Commodities Research Group from Goldman, Sachs & Co and its commodities trading arm, J. Aron & Company. He has advised many of the world’s largest corporations and institutional investors on managing their commodities price and market exposures and providing advisory services to the World Bank, United Nations, International Monetary Fund, and numerous governments.