Parallel Mike, an organic farmer and creator of Parallel Systems, shares his journey and insights with Tom Bodrovics on the Competent Man podcast. Mike’s diverse background includes being a sailor, boxer, ultra runner, podcaster, new father, and homesteader, all of which have contributed to his unique perspective on life and success. Mike attributes his ability to excel in various fields to his hyper-focused personality and his willingness to say “yes” to new opportunities. He emphasizes the importance of taking responsibility for one’s life and learning from failures.





Mike’s boxing and running careers, though challenging, taught him valuable lessons about discipline, resilience, and the power of the mind. He stresses that success comes from going all in on something and continuously improving oneself. Mike and Tom discuss the importance of listening to different perspectives and engaging in civil debates. Mike shares his experiences with two significant exoduses from his channel, one due to his views on Bitcoin. He believes that challenging opinions and constructive feedback are essential for personal growth and understanding different viewpoints.



The conversation also touches on Mike’s move to Poland with his wife, highlighting the resilience and historical significance of the country. Mike appreciates the lessons he has learned from the Polish people and their experiences, which have shaped his perspective on life and preparedness.



Mike’s advice to his son and others is to never accept victimhood, to see challenges as opportunities, and to always strive for personal improvement. He hopes to impart these values to his son, emphasizing the importance of making the most of one’s time and circumstances. Throughout the podcast, Mike and Tom explore the themes of personal growth, resilience, and the importance of embracing challenges. Mike’s journey serves as an inspiration for those seeking to make the most of their lives, regardless of the obstacles they face.



Guest Links:Website: https://parallelmike.comYouTube: https://www.youtube.com/channel/UCYt8UcqG2wvkehnmiF_9AkwX: https://x.com/parallel_mikePatreon: https://patreon.com/parallelsystems



Parallel Mike is an organic farmer, investor, and host of the Parallel Systems Broadcast and Parallel Mike Podcast. Passionate about purposeful living, natural health, and self-sufficiency, he turned his life around at 16 after a troubled youth—his father was a notorious British gangster imprisoned for a £40 million drug smuggling attempt. Mike studied Theology, Philosophy, and Social Work, then spent over 12 years as a counselor and therapist, helping others overcome mental barriers.



A former national-level boxer, he later excelled in ultramarathon trail running, finishing top 3 in every race for three years through performance psychology, until injury ended his competition. Devoting himself to finance and monetary history, he foresaw societal collapse and, with his wife, left their houseboat life to build an “ark”: an organic farm in Eastern Europe founded in 2020.



Embracing nature-based solutions for food, medicine, and energy, Mike promotes decentralized living. He coaches investors and life-changers, contributes to podcasts on finance, geopolitics, and self-sufficiency,

Tom Bodrovics welcomes John Rubino, a former Wall Street analyst and author, to discuss the current economic landscape and its implications. Rubino expresses skepticism about the Federal Reserve’s recent decision to lower interest rates by 25 basis points, arguing that this move is incongruous with the current stock market bubble and other economic indicators suggesting a potential recession. He predicts that the Fed will continue to ease monetary policy aggressively, potentially leading to dramatically lower short-term interest rates and higher long-term rates, which could result in economic chaos.





Rubino also discusses the narrow performance of the stock market, particularly in tech stocks like Nvidia, and the potential for a crack-up boom, where asset prices inflate rapidly before a sudden collapse. He highlights the risks in the AI sector, where vendor financing could lead to a daisy chain of defaults, potentially bursting the tech bubble. Rubino suggests that the current economic environment resembles the late 1990s dot-com bubble, with a few large stocks driving market performance. The conversation also touches on the repo market and the shadow banking system, where recent bankruptcies and losses could signal broader financial instability.



Rubino predicts that the Fed will eventually resort to quantitative easing and even buying equities to support the economy, which could further distort market signals and lead to a massive crash. Rubino advises investors to focus on stability and real assets like gold and silver, which have maintained their value over centuries. He sees the current pullback in precious metals as a natural consolidation and a buying opportunity. Rubino also discusses the potential for a currency reset, where governments might return to a gold standard to address economic crises.



The discussion concludes with a discussion on commodities, particularly copper and uranium, which Rubino sees as essential for the electrification of the world. He advises investors to consider physical ETFs and high-quality mining stocks as part of their portfolios. Rubino also touches on the oil market, noting that while it may not see the same parabolic growth as other commodities, it still offers investment opportunities, particularly in high-quality dividend-paying stocks. Throughout the discussion, Rubino emphasizes the importance of staying informed and being prepared for potential economic turmoil.



Timestamps:00:00:00 – Introduction00:00:46 – Fed Rate Cut Analysis00:05:10 – Stock Bubble vs Recession00:11:23 – Currency Reset Scenarios00:17:22 – AI Stocks Vendor Financing00:26:10 – Shorting Nasdaq Strategies00:28:50 – Crack-Up Boom Indicators00:32:30 – The Coming Return of Q.E.00:38:20 – Precious Metals Pullback00:45:02 – Mining Stocks00:51:19 – Copper Gold Portfolio & Silver01:01:21 – Uranium & Oil Mkt. Dynamics01:06:40 – Concluding Thoughts



Guest Links:Substack: https://rubino.substack.comBooks: https://tinyurl.com/5buyvy6v



John Rubino is a former Wall Street financial analyst and author or co-author of five books, including The Money Bubble: What To Do Before It Pops. He founded the popular financial website DollarCollapse.com in 2004 and sold it in 2022, and now publishes on Substack.

Rudy Havenstein, a senior market commentator and former Reichsbank President, joined Tom Bodrovics on “The Competent Investor” podcast to discuss the current economic landscape and the Federal Reserve’s role. Havenstein expressed his belief that the Fed’s primary concern is managing massive government deficits rather than controlling inflation, which he views as out of control. He criticized the Fed for enabling reckless government spending and creating a moral hazard that benefits the wealthy while harming the middle and lower classes.





Havenstein also touches on the political and social issues, expressing his disapproval of the Fed’s involvement in politics and the potential for inflation to exacerbate social unrest. He mentioned the historical context of hyperinflation leading to extremism and the potential for similar outcomes if current policies continue.



He also discussed the Epstein case, suggesting that it may have been a tool for intelligence agencies to control powerful individuals. The conversation shifted to potential solutions, with Havenstein advocating for a bottom-up approach, focusing on family, community, and local politics. He emphasized the importance of electing representatives who prioritize the average American and suggested that individuals should focus on improving their earning power and helping their communities.



Havenstein also discussed the potential for a higher gold price to benefit countries with significant gold reserves and the importance of understanding market history to navigate future economic challenges. He expressed optimism about America’s resilience and the potential for positive change, despite current challenges. He concluded by expressing his love for America and his hope for a leader who can unite the country.



Timestamps:00:00:00 – Introduction00:00:30 – Fed Priorities Overview00:02:20 – Inflation Skepticism Discussion00:06:00 – Elite Contempt Critique00:07:50 – Wealth Inequality Policies00:10:32 – Inflation & Historical Warnings00:14:40 – Societal Destruction Risks00:15:50 – Agendas & Tyranny00:22:16 – Foreign Policy Criticisms00:25:08 – Trump Presidency Failures00:35:20 – Epstein Theories00:41:43 – Possible Solutions00:48:45 – Uncivilized Discourse00:54:27 – Gold Prices & Geopolitics01:13:52 – Optimistic America Outlook



Guest Links:X: https://x.com/rudyhavensteinSubstack: https://rudy.substack.com



Introducing Rudolf “Rudy” Havenstein, a Senior Market Commentator and former Reichsbank President. As Bank President during the tumultuous Weimar Hyperinflation, Rudy was instrumental in furthering the disastrous effects of unchecked monetary policies. Today, at the ripe old age of 166 Rudy continues his passion for monetary theory and disdain for kleptocracy.



His experiences has fueled his desire to educate people about the dangers of fiat money. Inspired by the similarities between his past and the issues of today, he created an X account and Substack, where he documents the absurdities of the financial world and shares his insightful commentary on the state of the economy. With a cheeky serious sense of humor, Rudy often pokes fun at the prevailing narratives and calls out the misinformation disseminated by mainstream media.

Tom welcomes Francis Hunt, commonly known as the Market Sniper, to discuss the state of the markets and commodities. Hunt emphasizes the interconnected nature of fiat currency and debt, describing them as “Siamese twins” that cannot be separated. He argues that the current economic system is unsustainable due to excessive debt and fiat currency issuance, which he believes is creating a massive Ponzi scheme.





Hunt highlights the role of hedge funds and the repo market in propping up the treasury market, noting that the demand for treasuries is artificially inflated. He criticizes the use of negative haircuts, where lenders provide more funds than the collateral value, as a risky practice that exacerbates the system’s fragility. Hunt predicts that the current economic model is headed for a collapse, comparing it to a snowball gaining momentum down a hill, and warns that the financial system is exceedingly precarious.



The discussion also touches on the role of stablecoins and their potential impact on the treasury market. Hunt dismisses the idea that stablecoins can significantly increase demand for treasuries, arguing that their market cap is insufficient to match the parabolic growth of debt issuance. He also criticizes the use of stablecoins as a form of digital gold, stating that they are not backed by sufficient collateral and are essentially a Ponzi scheme.



Hunt expresses skepticism about the effectiveness of central bank policies and the appointment of new Fed chairs, arguing that the system is controlled by nameless, faceless individuals who are order takers rather than decision-makers. He advises listeners to focus on preserving and growing their wealth through sound money principles, such as investing in gold and silver, and to establish multiple avatars of existence across different geographies to secure their financial future. Throughout the podcast, Hunt emphasizes the importance of taking action and not being paralyzed by fear or inertia. He encourages listeners to educate themselves about the financial system, take steps to protect their wealth, and live a life of freedom and independence.



Timestamps:00:00:00 – Introduction00:00:22 – Treasury Demand Concerns00:03:08 – Hedge Funds Leverage00:13:21 – Repo Market Stress00:16:38 – Fed Chair Irrelevance00:23:22 – Stablecoin Legislation Impact00:27:33 – Inflation and Labor Lies00:32:12 – Gold Bull Market Context00:37:33 – Equity Ponzi Schemes00:42:42 – Physical Metals Advocacy00:48:15 – Silver Platinum Outlook00:56:51 – Oil Inflation Thermostat00:59:01 – Dangers of Holding Debt01:04:06 – Historical Lessons Advice01:16:31 – Concluding Thoughts



Guest Links:X: https://x.com/themarketsniperX: https://x.com/thecryptosniperWebsite: https://themarketsniper.comYouTube: https://www.youtube.com/user/TheMarketSniper



Francis is a trader, first and foremost. Unlike most educators in the trading space, Francis walks the walk and talks the talk, with 30 years of experience trading his personal capital on various markets and instruments. Through this passion for trading and his relentless study of markets and economic theory, he uses the Hunt Volatility Funnel trading methodology, a systemized approach, to answer the critical question: What is the next most profitable trade?

Richard Duncan, a macro economist and author, discusses his views on the economic strategies proposed by former President Donald Trump, particularly focusing on Trump’s potential influence over the Federal Reserve and his plan to re-industrialize the United States. Duncan argues that Trump’s strategy aims to reverse the massive U.S. current account deficit, which has fueled global economic growth since the 1980s but has also led to de-industrialization and a hollowed-out middle class in the U.S. Trump’s plan, as outlined in a paper by Steven Moran, involves three steps: imposing high trade tariffs, threatening to withhold military defense unless countries comply, and convening a global accord to devalue the dollar and isolate China.





Duncan highlights the potential consequences of this strategy, including reduced global economic growth, higher inflation, and increased interest rates. To mitigate these effects, Trump would need to take control of the Federal Reserve, which Duncan believes is Trump’s ultimate goal. Duncan explains that by appointing or influencing key Federal Reserve governors, Trump could gain control over U.S. monetary policy. This would allow him to implement aggressive quantitative easing, driving down long-term interest rates and potentially sparking an economic boom and a surge in asset prices. However, this approach also carries significant risks, including high inflation, a crashing U.S. dollar, and potential economic instability.



Duncan also discusses the geopolitical implications of Trump’s strategy, particularly in relation to China. He argues that China’s rapid technological and economic advancements pose a significant threat to U.S. national security. Duncan advocates for a U.S. sovereign wealth fund to invest in future technologies, ensuring that the U.S. remains competitive and secure. The conversation also touches on the potential challenges and opportunities that could arise if Trump’s economic strategy is implemented, including the risks of increased income inequality and the potential for a future economic bust. Duncan concludes by emphasizing the importance of U.S. investment in new industries and technologies to maintain its global competitiveness and national security.



Timestamps:00:00:00 – Introduction00:01:43 – Emergence of US Trade Deficits00:05:30 – Globalization’s Benefits and Drawbacks00:06:45 – Trump’s Reindustrialization Strategy00:10:40 – Reversing Deficit Economic Impacts00:13:30 – Inflation Risks and Fed Control00:18:26 – Quantitative Easing for Rates00:22:15 – Fed Structure and Governors Power00:31:08 – Timeline for Fed Takeover00:36:18 – Dollar Devaluation and Policy Effects00:43:19 – AI Race Against China00:52:00 – Geopolitical Risks and Necessity00:56:18 – Concluding Thoughts



Guest Links:Website: https://www.richardduncaneconomics.com/X: https://x.com/papermoneyecon



Newsletter Offer:https://richardduncaneconomics.comHit subscribe and enter coupon code ‘competent’ For a 50% discount.



Richard Duncan is a renowned economist and author of four books analyzing the causes and effects of economic crises. His work, including “The Dollar Crisis” (2003, updated 2005) and “The New Depression” (2012), accurately predicted global economic disasters and were international bestsellers. His latest book, “The Money Revolution: How to Finance the Next Amer...

Luke Gromen, founder and president of FFTT, discussed the geopolitical and economic implications of the US and China’s competition for critical minerals and infrastructure, particularly in the context of rare earth elements and semiconductor technology. Gromen highlighted the US’s recognition of the unsustainability of its current economic model, which has led to a significant reliance on China for manufacturing and industrial output. He emphasized that the US’s high debt-to-GDP ratio and political instability necessitate a shift in policy to re-industrialize and strengthen its domestic industrial base.



 





Gromen argued that China’s strategic initiatives, such as the China 2025 plan, have been underestimated and that China is well-positioned to win the race for high-end semiconductor and AI capabilities. He contrasted this with the US’s challenges in rebuilding its industrial infrastructure, citing examples like the delayed repair of the Francis Scott Key Bridge in Baltimore. Gromen also discussed the potential for gold to serve as a rebalancing mechanism for the global economy, given its role as a neutral reserve asset. He suggested that central banks buying gold signals a shift towards a more stable economic system and that a significant rise in gold prices could help address the US’s debt issues.



Some Competent Links:Website: https://competentinvestor.comSubstack: https://competentmanpod.substack.com/X: https://x.com/CompetentManPodRumble: https://rumble.com/c/c-7699939



Luke also touches on the role of Bitcoin and stablecoins in the global financial system, arguing that while stablecoins could provide short-term benefits, they may not be a sustainable solution. He expresses skepticism about the US government’s ability to implement effective policies without causing further economic disruptions. Gromen concluded by emphasizing the importance of understanding the broader economic context and being prepared for elevated market volatility. He recommended investing in physical gold, Bitcoin, and electrical infrastructure as sectors poised to benefit from the current economic environment.







Timestamps:00:00:00 – Introduction00:00:31 – US-China Minerals Race00:04:28 – Semiconductor Supply Competition00:13:30 – Rebuilding US Industry Challenges00:18:29 – Government Mining Investments00:23:40 – Oil Price Paradox Explained00:27:13 – Gold as Escape Valve00:32:38 – Bitcoin Stablecoin Dynamics00:42:36 – Central Banks Hoarding Gold00:46:40 – Risks to Gold Rally00:57:43 – Banking Liquidity Concerns01:03:19 – Sectors for Investment01:04:32 – Concluding Thoughts



Guest Links:X: https://x.com/lukegromenWebsite: https://fftt-llc.com/



Luke Gromen began his career in the mid-1990s in Research at Midwest Research before moving over to institutional equity sales and becoming a partner. While in sales, Luke was a founding editor of Midwest’s widely-read weekly summary (“Heard in the Midwest”) for the firm’s clients. He aggregated and combined proprietary research from Midwest with inputs from other sources.



In 2006, Luke left FTN Midwest to become a founding partner of Cleveland Research Company. At CRC, Luke continued to work in sales and edit CRC’s flagship weekly research summary piece (“Straight from the Source”)...

Tom Bodrovics welcomes Kevin Muir, the publisher of The Macro Tourist Newsletter and co-host of The Market Huddle to the Competent Investor. Kevin expressed significant concerns about the current state of the markets. Muir highlighted the stark contrast between the extreme bearish sentiment of 2023 and the current widespread optimism, suggesting that the market may be overvalued and due for a correction. He compared the current environment to the dot-com bubble, emphasizing that while AI and other technologies may be revolutionary, the market’s exuberance has priced in expectations that may not be realistic.





Some Competent Links:Website: https://competentinvestor.comSubstack: https://competentmanpod.substack.com/X: https://x.com/CompetentManPodRumble: https://rumble.com/c/c-7699939



Muir argued that the rapid rise in gold prices, driven by central bank buying and investor nervousness, could negatively impact the stock market. He noted that gold’s recent gains have been unprecedented, and its rise could signal broader economic instability, potentially leading to a market correction. Muir also discussed the role of fiscal policy in driving economic growth, arguing that the U.S. and other countries have been spending more aggressively, which has supported markets. However, he cautioned that this spending could eventually lead to inflation and crowd out private sector investment.



Muir expressed skepticism about the AI bubble, comparing it to the dot-com bubble and suggesting that many investors are overlooking the risks. He also discussed the potential for a significant market correction, predicting that it could be larger than many investors expect. Despite his concerns, Muir identified energy as an underappreciated sector, noting that the demand for energy, particularly from developing countries, could drive significant growth in the coming years.



Throughout the discussion, Muir emphasized the importance of understanding what is already priced into the market and being cautious about investing in overvalued assets. He also highlighted the potential for geopolitical and economic shifts to impact markets, particularly in light of Trump’s potential influence on monetary policy and the U.S. dollar. Muir’s insights provided a contrarian view of the current market environment, urging investors to be mindful of the risks and potential for a correction.



Timestamps:00:00:00 – Introduction00:00:40 – Market Correction Risks00:05:43 – Grumpy Old Man Analogy00:10:01 – Analyzing Gold Trends00:13:00 – Gold Spooking Stocks00:18:03 – Portfolio Positioning Strategies00:23:15 – AI Bubble Valuation00:29:43 – Fomo Bubble Dynamics00:31:27 – Fiscal Stimulus Driving Markets00:43:14 – Japan & Fiscal Optimism00:54:24 – Trump Inflation Accelerant01:00:58 – Energy Sector Opportunities01:06:48 – Concluding Thoughts



Guest Links:x.com: https://x.com/kevinmuirWebsite: https://themacrotourist.comSubstack: https://posts.themacrotourist.comPodcast: https://markethuddle.comE-Mail: mailto:kevin@themacrotourist.

Rick Rule, founder and CEO of Rule Investment Media, discusses the current state and future of the metals and commodity markets with host Tom Bodrovics. Rule highlights the psychological and strategic considerations for investors in these markets, noting that while the market has significant potential, it may also experience volatility and corrections.





He shares his personal strategy of selling 25% of his junior mining investments to secure profits and reduce downside risk, while reinvesting in physical gold and other high-quality assets. Rule emphasizes the importance of understanding one’s psychological tolerance for risk and market volatility, drawing from his extensive experience in the industry.



Rick also discusses the current dynamics in the silver market, attributing recent dislocations to logistical issues rather than a systemic crisis. He expresses his belief in the long-term potential of precious metals, driven by factors such as inflation and geopolitical instability.



Mr. Rule also touches on the challenges facing the mining industry, including rising capital costs, permitting issues, and increasing social rents. Additionally, Rule critiques the involvement of governments in natural resource investments, arguing that governments are typically poor investors and that regulatory reforms and tax code changes could stimulate investment in the U.S.



Rick also shares his optimism about the oil and gas sector, viewing it as a hated but potentially lucrative investment opportunity. Throughout the discussion, Rule stresses the importance of fundamental analysis and a long-term perspective in investing, while also acknowledging the potential for short-term market manipulations.



He concludes by promoting his new venture, Battle Bank, which aims to provide financial services to natural resource investors, and his website, Rule Investment Media, where he offers personalized rankings of natural resource stocks.



Timestamps:00:00:00 – Introduction00:00:34 – Market Psychology Strategy00:03:48 – Historical Bull Lessons00:05:49 – Portfolio Rebalancing Rules00:13:00 – Market Crash Impacts00:16:08 – Silver Lease Dislocations00:26:00 – Silver Price Outlook00:27:43 – Gold-Silver Ratio Debate00:33:02 – Mining Cost Challenges00:35:40 – Government Mining Stakes00:43:20 – US Policy Reforms00:48:06 – Gold/Oil Market Signals00:55:55 – Concluding Thoughts



Guest Links:X: https://x.com/@realrickruleWebsite: https://ruleinvestmentmedia.comYouTube: https://www.youtube.com/@RuleInvestmentMediaClassroom: https://ruleclassroom.com



Rick Rule has dedicated his entire adult life to many aspects of natural resources securities investing. Besides the knowledge and experience gained in a long and focused career, he has a global network of contacts in the natural resources and finance sectors.



Mr. Rule is a frequent speaker at industry conferences and is regularly interviewed for radio, television, print, and online media outlets concerning natural resources investment and industry topics. Prominent natural resources-oriented newsletters and advisories frequently quote him. Mr. Rule and his team have expertise in many resource sectors, including agriculture, alternative energy, forestry,

Your host Tom Bodrovics and guest Eric Yeung, an investor and former contract manufacturer in China, delve into the complexities of the current silver market. Yeung highlights the deliberate complexity of the system, designed to obscure understanding, and shares his insights gained from extensive research.





The discussion begins with the London Bullion Market Association (LBMA) and its reported shortage of physical silver, with Yeung citing sources indicating a drastic reduction in the LBMA’s free float of physical silver from 5,000 to 0 metric tons in just two weeks. This scarcity has led to unprecedented events, such as the SLV ETF temporarily halting share redemptions for physical silver and the spike in lease rates, which Yeung interprets as banks refusing to lend or lease silver bars. Yeung suggests that the system’s freeze is due to one of the major banks ceasing to lend physical silver, causing a domino effect. He posits that the current price action and the dwindling free float are key factors in this market stress.



The conversation also touches on the role of the US dollar in this equation, with Yeung noting that fluctuations in the dollar’s value can affect the market due to its role as the funding cost for exchanges and bilateral contracts. The exchange for physical (EFP) mechanism and ETFs are discussed as integral parts of the system, with Yeung explaining how ETFs serve as physical metal reserves for bullion banks. The potential outcomes of the current situation are explored, with Yeung presenting a best-case scenario of an orderly unwinding of bullion banks’ short positions and a gradual price increase for silver. The worst-case scenario, however, involves a technical default by the LBMA, leading to a loss of confidence and a potential shift in the global pricing mechanism for precious metals to exchanges like the COMEX and the Shanghai Gold Exchange (SGE).



The episode also touches on the potential for central banks, including those in the BRICS countries, to add silver to their reserves, using it as collateral for international trade, similar to gold. Yeung believes this shift is part of a broader move away from the US dollar-dominated system, with China and other global south countries developing a new monetary order based on gold and silver collateral. The episode concludes with Yeung advising listeners to own physical gold and silver as a hedge against fiat currency risks and suggesting that miners could be a viable alternative if physical metals become scarce.



Timestamps:00:00:00 – Introduction00:02:13 – LBMA Free Float Decline00:04:21 – SLV Shares Borrowing Issues00:06:55 – Exploding Lease Rates00:07:10 – LBMA System Freeze00:10:10 – Backwardation and Arbitrage00:12:50 – Risks to LBMA00:13:20 – LBMA Containment Measures00:16:40 – Global Demand Vectors00:21:10 – Dollar Liquidity Impact00:24:10 – EFP and ETF Roles00:26:50 – Best Worst Case Scenarios00:29:20 – Central Banks Adding Silver00:34:40 – New Monetary Order00:47:00 – Concluding Thoughts



Guest Links:X: https://x.com/KingKong9888

Tom Bodrovics interviews Mart Wolbert, founder of the Contrarian Codex Newsletter, to discuss the current state and future prospects of the uranium market. Wolbert highlights the significant increase in the term price of uranium, which has risen to $82-$83, driven by cost inflation and project delays. He notes that despite this increase, the market remains tight, with a substantial supply-demand deficit projected through 2040. Utilities, particularly in the US and Europe, are facing challenges in securing adequate fuel supplies, leading to a shift towards longer-term contracting and higher prices.





Wolbert emphasizes that the uranium market is complex and requires multiple factors to align for a balanced supply. He discusses the potential for new supply sources, such as uranium extraction from phosphate tails and re-enrichment of tails, but notes that these depend on higher prices and technological advancements. He also highlights the geopolitical considerations surrounding KazAtomProm, a major Russian uranium producer, and its influence on global uranium supply.



The conversation also touches on the role of artificial intelligence (AI) in driving future demand for uranium, as data centers require significant power. Wolbert believes that while AI will increase demand, it is not the primary driver of the current uranium bull market.



Mart also discusses the importance of diversifying investments to mitigate risks, including holding positions in gold, silver, oil, gas, and other commodities. Wolbert shares his sentiment rating for the uranium market, which is currently very optimistic but not yet euphoric. He advises listeners to be cautious and prepare for potential market corrections, using the analogy of a desert trek to emphasize the importance of planning for challenging times. He concludes by encouraging listeners to stay informed and consider the long-term prospects of the uranium market.



Guest Links:X: https://x.com/Yellowbull11Patreon: https://www.patreon.com/contrariancodexEmail: mailto:contrariancodex@gmail.com



Mart Wolbert is a dedicated investor who specializes in identifying contrarian investment opportunities with the potential for life-changing returns. After thousands of hours researching the macro environment, uranium markets, and various commodities, he has developed a distinctive approach to finding value in overlooked and often unloved sectors of the market.



As the founder of Contrarian Codex, Wolbert has built a thriving community of like-minded investors who share his passion for thorough research and bold positioning. His commitment to delivering value extends through multiple channels, including a biweekly uranium newsletter, comprehensive investment theses, and detailed company coverage. When opportunities arise beyond his uranium specialty, Wolbert doesn’t hesitate to explore other sectors, providing sample portfolios and actionable insights to his followers.



What sets Wolbert apart is his dedication to making complex investment analysis accessible and understandable. Through exclusive interviews with industry experts, timely buy and sell alerts, and breaking news coverage, he ensures his community stays ahead of market movements. His approach isn’t just about financial returns—it’s about helping others achieve the freedom to pursue what they truly enjoy in life.



With a growing presence across Twitter, Reddit,