Michael Fox interviews Mike McGlone, Chief Commodity Strategist at Bloomberg Intelligence, to analyze the surprising strength of commodities amid global market volatility and a weakening U.S. dollar. They explore key trends such as the Bloomberg Dollar Spot Index’s 7% decline, gold’s 52% rise followed by a correction phase, and crude oil’s 15% drop, linking these to broader deflationary forces and economic uncertainty. The discussion covers gold, silver, and other metals, the interplay with the U.S. stock market and interest rates, and the risks of a potential stock market bubble. Mike emphasizes caution amid overdue bear market signals and highlights gold’s role as a safe haven, while advising investors to consider simple, low-risk options as market dynamics evolve.
#Commodities #GoldMarket #StockMarket #USDollar #BloombergIntelligence #MetalMarkets #MarketAnalysis #Investing #EconomicTrends #BearMarket #GoldCorrection #SilverInvesting #OilMarket #MarketVolatility #FinancialStrategy
The Prospector News Michael Fox and Chris Temple of the National Investor analyze the Federal Reserve’s recent moves, criticizing Jerome Powell’s explanation of rising inflation and expressing doubt that the Fed will meet its 2% target amid entrenched stagflation.
They highlight the challenges facing President Trump’s economy, including high debt and rising living costs, while discussing the ongoing government shutdown’s social impact, especially on vulnerable populations reliant on government aid.
The conversation covers the political fallout from upcoming health subsidy changes and the potential electoral consequences in key states. They also examine the recent U.S.-China trade deal, calling it largely ineffective, and emphasize the need for a strong industrial policy to reduce dependence on China’s rare earth exports.
Chris and Michael warn of overheated markets, caution on AI investment hype, and stress the importance of strategic government investment in mining and energy, comparing approaches from both administrations while forecasting a market correction with a long-term optimistic view on metals and exploration.
The National Investor
https://www.nationalinvestor.com/
#economy #inflation #FederalReserve #stagflation #stockmarket #economicpolicy #trade #USChinaTrade #rareearth #investing #financialmarkets #governmentshutdown #healthsubsidies #politics #economicchallenges #debt #metals #industrialpolicy #economicforecast #marketcorrection
Michael Fox interviews Philippe Cloutier, President, CEO and Director of Cartier Resources (TSX-V: ECR) (FSE: 6CA), about the company’s gold exploration efforts in Quebec’s Abitibi Greenstone Belt. Founded in 2007, Cartier has grown into an advanced exploration company with $12 million in funding and a 100,000-meter diamond drill program focused on the Larder Lake Cadillac Fault, a geologically significant area known for gold discoveries. The company holds a property east of Val-d’Or and is exploring the potential for a new mining camp, supported by a preliminary resource estimate from 2023 and ongoing studies. Philippe highlights the economic potential of gold tailings from the Chimo mine, with expert engineers conducting resource estimation drilling. Recent drilling has revealed high-grade gold veins, and the program, active since August 2025, will continue through Easter 2027 with frequent updates expected. Cartier, partly owned by Agnico Eagle and European investors, is pursuing both underground and open-pit options and encourages investors to follow progress through direct contact or their upcoming website launch.
About Cartier Resources Inc.
Cartier Resources Inc., founded in 2007 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.
Cartier Resources
https://ressourcescartier.com/
#GoldExploration #CartierResources #LarderLakeCadillacFault #QuebecMining #GoldDrilling #MiningInvesting #AgnicoEagle #GoldTailings #AbitibiGreenstoneBelt #DiamondDrillProgram #GoldMining #MiningNews #MineralExploration #MiningProjects #PreciousMetals
Michael Fox interviews David Willick, VP and Regional Leader of Mining Metals and Minerals for North America at Schneider Electric, about the company’s role in advancing reliable, efficient energy solutions through electrification and digitalization in mining.
They discuss how mining’s energy costs, which make up nearly half of expenses, drive efforts to reduce waste and optimize operations. The conversation highlights mining’s evolution from hazardous conditions in the 1970s to today’s cleaner, safer, and more automated and electrified sites, including the reduced use of diesel and integration of renewables and small modular reactors for remote operations. They emphasize rebranding mining as a tech industry to attract talent while addressing critical mineral supply chains, especially within Canada’s resource-rich and low-carbon mining sector.
David stresses the need for streamlined government approvals, reduced regulations, and collaboration with Western partners to boost mineral processing. The discussion also covers sustainable data centers in Canada and the importance of technology and public support to ensure environmental responsibility, promising to delve deeper into these topics in future conversations.
#MiningIndustry #Electrification #EnergyEfficiency #MiningTechnology #SustainableMining #CriticalMinerals #RenewableEnergy #DataCenters #CanadaMining #MiningAutomation #CleanEnergy #MiningInnovation #EnergySolutions #MiningSafety #Decarbonization
Michael Fox, host of the Prospector Podcast, interviews Rob Labbé, CEO of MMISAC, about the critical role of cybersecurity in the mining industry, especially as it enters a bull market phase. They explore how cyber risks vary across mining company lifecycles, from agile but vulnerable junior miners to growing operations facing evolving threats.
Key topics include phishing attacks, secure email practices, data resilience with redundant systems and backups, and the value of cyber insurance. Rob emphasizes that most cyber incidents are financially motivated and highlights practical risk management strategies, including community engagement and operational resilience. They also touch on emerging challenges from AI and quantum computing, stressing the importance of preparation, employee training, and industry collaboration through groups like MMISAC to build cyber resilience in mining.
#MiningCybersecurity #CybersecurityRisk #MiningIndustry #CyberRiskManagement #MMISAC #PhishingProtection #DataResilience #CyberInsurance #MiningOperations #AIandCybersecurity #QuantumComputingSecurity #CyberAwareness #MiningSafety #TechInMining #ProspectorPodcast
Join Michael Fox as he sits down with Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX:PGE) (OTCQB:PGEZF) (FRA:JOG), at the Better in Our Backyard Mining and Energy Expo in Minneapolis. In this in-depth interview, Rowley shares insights into Stillwater’s operations in Montana — a region rich with nickel, copper, cobalt, PGMs, gold, and chromium — and its growing role in strengthening the North American critical metals supply chain.
Rowley discusses how Stillwater’s projects benefit from geological advantages, proximity to existing mines, and strong political backing from state and federal leaders, including Montana’s governor, senators, and congressmen. He also highlights the company’s third funding round with Glencore, underscoring investor confidence and strategic momentum.
Key Topics Covered:
Critical Metals Supply Chain Strategy: The importance of building a secure, domestic supply chain to reduce reliance on foreign sources and enhance national security.
Hydrometallurgy vs. Smelting: Michael explains why hydrometallurgy offers higher metal recoveries, a smaller environmental footprint, and greater scalability compared to traditional smelting.
Stillwater Project Progress: Updates on recent drilling successes, chromite intersections, and upcoming metallurgy and production studies planned for 2026.
This conversation sheds light on how Stillwater Critical Minerals is positioned to become a leading domestic supplier of essential metals, driving economic growth and sustainability in U.S. resource development.
#Mining #CriticalMinerals #Nickel #Copper #Cobalt #PGMs #Hydrometallurgy #MontanaMining #Glencore #StillwaterCriticalMinerals #MiningInnovation #CleanEnergy #DomesticSupplyChain
Michael Fox interviews Scott Melbye, Executive VP of Uranium Energy Corp (NYSE:UEC), about UEC’s transition from development to uranium production. The company has started production with costs under $40/lb and plans to begin operations at Burke Hollow, South Texas, by year-end. UEC operates three production centers with a licensed capacity of 12 million pounds annually and 300 million pounds of resources nearby, positioning it as a key player in the uranium market.
Scott shares insights on UEC’s production targets and flexibility, aiming for up to 12 million pounds per year by 2030, aligning with U.S. utility uranium demand of 45-50 million pounds. He highlights growing uranium demand driven by nuclear power expansion, AI, data centers, and electrification. The discussion covers uranium market strength, with prices around $80-81/lb.
The interview delves into UEC’s plans for a 10,000-ton uranium refining and conversion facility in the U.S.—the largest and most modern of its kind—as part of a vertical integration strategy supported by strong government policy and potential loan guarantees or equity investments. The new plant aims to address the domestic processing deficit by producing 10,000 tons, complementing existing U.S. facilities and supporting the domestic fuel cycle with concentrates from North America and Europe.
Scott also discusses the impact of Russia’s uranium export ban, creating a 5,000-ton market gap, and the importance of scalable domestic enrichment plants. Policy highlights include efforts to classify uranium as a critical mineral, build a U.S. uranium stockpile, extend import bans, and advance the strategic uranium reserve initiative. Upcoming Defense Production Act meetings and Section 232 investigations aim to reduce foreign uranium reliance.
Finally, Scott emphasizes nuclear energy’s role in U.S. energy security, calling for energy capacity additions rather than transitions. Both Scott and Michael highlight bipartisan support for nuclear power as a carbon-free, baseload source, warning of energy reserve shortfalls and urging streamlined licensing and private investment to accelerate new plant construction.
https://www.uraniumenergy.com/
The Prospector News’ Michael Fox, Adam Hawkins from Global External, and Robert Winton Senior VP Operations of Gunnison Copper (TSX:GCU) discussed the challenges and solutions for the U.S. copper industry, focusing on the lack of smelting capacity and the need to reduce reliance on foreign processing. They explored the potential of Nuton’s bioleaching technology to revolutionize copper processing, offering an alternative to traditional smelting that could reduce environmental impact, water usage and the need for more smelters. The conversation highlighted the importance of government support, investment in exploration, and technological innovation to address the supply chain challenges and secure America’s access to critical minerals.
In this episode of the Prospector Podcast, host Michael Fox interviews Kimberly Ann, President & CEO of Lahontan Gold Corp (TSXV: LG) (OTCQB: LGCXF). She shares major updates on the company’s Nevada assets, growth strategy, permitting progress, and recovery after the Victoria Gold share overhang.
Lahontan operates in the prolific Walker Lane trend and controls a past-producing heap leach gold project with 2+ million ounces already on the books and significant expansion potential. Kimberly discusses permitting milestones, drilling, project economics, and why the company is on track for production by 2027.
Investors will hear how Lahontan is:
Advancing permitting through NEPA and plan of operations
Updating its resource and economic models
Capitalizing on a higher gold price environment
Managing funding with minimal dilution
Unlocking new zones at York Pit and West Santa Fe
Gaining momentum after share structure cleanup
If you’re interested in Nevada gold exploration, undervalued producers in development, or turnaround stories in mining, this is a must-watch.
🔗Company Website:
https://lahontangoldcorp.com
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Chad Williams, Chairman of Honey Badger Silver (TSX-V:TUF) (OTCQB:HBEIF), joins Michael Fox on the Prospector Podcast to discuss the company’s exciting developments. With a $25 million market cap and seven silver projects across Canada, including three with 150 million ounces of silver equivalent resources, Honey Badger is making strategic moves focused on exploration and value creation. Chad highlights the promising Plata property in the Yukon—neighboring the successful Snowline project—and new discovery zones like Inferno and El Diablo that could reshape their exploration approach. He also covers the potential at the Nanisivik mine with its significant silver-rich pyrite deposit, the company’s asset acquisition strategy, and plans for future work on the Clear Lake project.
https://honeybadgersilver.com/
Michael Fox and Chris Temple of the National Investor break down the Federal Reserve’s recent quarter-point rate cut, which followed expectations set at the “s’mores in Wyoming” event. They explain the Fed’s “hawkish rate cut” approach despite President Trump’s push for more aggressive cuts, and the updated projection of up to three rate cuts by 2025.
The discussion dives into current inflation dynamics, highlighting why the 2.9% inflation rate is still above the Fed’s target, and how measures like hedonic pricing can mask real cost increases—especially in housing markets affected by high mortgage rates.
They also debate the economic impact of tariffs, questioning who truly bears their cost and the likelihood of promised trade deals and investments coming to fruition, while acknowledging the market’s upbeat mood on Wall Street.
Finally, Michael and Chris analyze the bond market challenges despite recent rate cuts, the possibility of future Fed interventions like “Yield Curve Controls” or “Operation Twist,” and the critical importance of securing American supply chains for metals and minerals, spotlighting a forthcoming conference on mining nationalism in Minneapolis MN Oct 1- 3.
Listen in for detailed insights on Fed policy, inflation, tariffs, and economic trends!
Blue Lagoon Resources Inc. (CSE: BLLG) (OTCQB: BLAGF) (FSE: 7BL), led by Rana Vig, is set to restart underground mining at its high-grade gold mine in northern British Columbia starting September 24th. With a recently completed water treatment plant, the operation will begin at 100 tons per day, aiming to ramp up to 150 tons and deliver ore to their mill partner within four weeks. The company targets producing 15,000 ounces of gold in the first year, increasing to 20,000 ounces in year two, generating cash flow by November. Blue Lagoon holds a 22,000-hectare land package with strong exploration potential, backed by 50,000 meters of drilling since 2020. Their long-term goal is to use production revenue to fund expansive exploration for over one million ounces of gold. Follow their journey and consider the opportunity at a modest market cap.
Michael Fox interviews Glenn Jessome, President and CEO of Silver Tiger Metals (TSX-V: SLVR) (OTCQX: SLVTF), at the Precious Metals Summit in Beaver Creek, Colorado. Glenn discusses Silver Tiger’s 30-year legacy in Mexico, including building and selling three major silver mines. He highlights the company’s $140 million CAD raise in 2017 to develop their project, now ready for open-pit mining, with a Preliminary Economic Assessment (PEA) for an underground mine coming soon.
They cover the positive market environment with high silver prices and the U.S. designating silver as a critical mineral, alongside new investments like the Saudi wealth fund’s first stake in Silver Tiger. Glenn details the strong economic potential of the El Tigre project, including a $580 million USD NPV and a 1.2-year IRR payback based on current metal prices. He emphasizes ongoing permit progress, recent high-grade drilling results, and plans for long-term development with potential for district-scale mining.
This interview offers an in-depth look at Silver Tiger’s strategy, milestones, and growth outlook in the silver mining sector.
Silver Tiger Metals
https://silvertigermetals.com/
Michael Fox interviews Jeff Swinoga, CEO of Exploits Discovery (CSE: NFLD) (OTCQB: NFLDF) (FSE: 634) at the Precious Metals Summit in Beaver Creek, Colorado. They discuss Exploits' recent $10 million claim sale in Newfoundland to Newfound, involving cash, shares, and a 1% NSR on key claims. Jeff explains how this and two earlier deals have strengthened Exploits’ balance sheet and shifted the company’s focus to gold opportunities in Ontario and Quebec, with nearly 700,000 ounces of historic gold resources. He also highlights the potential benefits from Newfound’s planned 15-year mine life and details plans to begin drilling programs this fall, led by their expert team.
Exploits Discovery
https://www.exploitsdiscovery.com/
Discover the latest from Group Eleven Resources (TSX-V: ZNG) (OTCQB: GRLVF) (FSE: 3GE) with Bart Jaworski, President and CEO, as he dives into the company’s exciting zinc and silver discovery at Ballywire near Limerick, Ireland. Learn about their high-grade silver results of up to 3,800 g/t and the proximity to Glencore’s Palace Green Deposit. Find out how a recent $8.4 million funding raise is fueling an expanded 25,000-meter drill program across a 6-kilometer trend.
Bart also highlights breakthrough copper-silver drilling beneath zinc-lead-silver horizons, driving a doubling of Group Eleven’s share price and a successful $5.75 million bought deal. With over 25,000 meters of drilling planned through 2027 and no immediate plans for more capital raises, the company is well-positioned for growth.
Get updates on Group Eleven’s strong shareholder foundation, including key backers like Michael Gentile and Glencore, their US ticker uplisting, and their strategy focused on gravity anomaly drilling.
Finally, hear about upcoming marketing efforts and events, including the Michael Gentile European Roadshow and important industry conferences in London, New Orleans, and Ireland, with potential news on the Galmoy mine reopening and Irish government mining investments.
Stay tuned for the full exploration and growth story from Group Eleven Resources!
Join Michael Fox as he interviews Mike Allen, President and CEO of StrikePoint Gold (TSX-V: SKP) (OTCQB: STKXF), to dive into the company’s exciting operations in Nevada’s Walker Lane gold district. Discover how StrikePoint Gold is strategically positioned with two key projects — the flagship Hercules Gold project near Reno and the Cuprite Gold project near Goldfield — holding one of the largest land positions in the region at roughly 140-150 square kilometers.
In this insightful discussion, Mike Allen explains the unique mining renaissance happening in Walker Lane, highlighting the region’s advantageous geology, efficient workforce, and excellent infrastructure that make even low-grade gold deposits economically viable. They explore major developments such as Anglo Gold’s notable acquisitions and new resource discoveries that signal long-term growth potential in this historic mining district.
Mike also shares a detailed economic analysis of StrikePoint’s Hercules project, showing its competitive edge with higher grades and significant size compared to nearby operations. Learn about the company’s upcoming exploration plans for the fall season, including targeted drilling to unlock value and further expand their resource base.
If you’re interested in Nevada mining, gold exploration, or investment opportunities in a booming gold district, this interview provides valuable insights from industry leaders on the future of Walker Lane and StrikePoint Gold’s role in it.
#StrikePointGold #WalkerLane #GoldMining #NevadaMining #GoldExploration
Michael Fox sits down with Jeff Christian, Founder and Managing Partner of the CPM Group, for an in-depth discussion about the COMEX and how it functions within the global commodities futures market.
In this interview, Jeff explains how the COMEX and similar futures exchanges exist to help commercial entities manage and offset their price risks by connecting them with investors and speculators willing to take on that exposure. He traces the origins of futures markets back to European and Asian trade, where merchants needed methods to transfer risk long before modern financial systems.
Key topics covered include:
The history and fundamental purpose of futures markets, emphasizing their role in facilitating trade and economic growth since the 1500s.
Clarifying common misconceptions about gold trading on the COMEX, including the difference between retail gold purchases and futures contracts.
How futures contracts are primarily designed for risk transfer, not physical delivery, making price risk management more efficient for producers, jewelers, and manufacturers.
The mechanics of gold trading: how mining companies sell gold forward, how bullion dealers lend gold at low interest rates, and how investors gain leveraged exposure with margin.
The dominance of financial intermediaries in gold futures trading and the distinct mechanics of short selling in commodities versus stocks.
An explanation of open interest, how contracts are managed and balanced, and how clearinghouses protect market participants.
Insights into contract delivery dynamics for gold futures in September, October, and December, including why many contracts are rolled forward rather than physically delivered.
The importance of hedging for financial intermediaries and debunking myths about naked shorts on the COMEX.
How the 2008 financial crisis increased reliance on futures markets and clearinghouses.
Jeff also addresses common misunderstandings about futures trading terminology, delivery processes, and the overall role of the COMEX. Michael draws useful summaries throughout, making complex market mechanics accessible.
Whether you're new to commodities trading or looking to deepen your understanding of futures markets and gold trading, this conversation offers valuable insights from an industry expert.
#COMEX #FuturesMarkets #GoldTrading #JeffChristian #CPMGroup #ProspectorNews #CommodityTrading #RiskManagement
In this in-depth discussion, Michael Fox and Chris Temple analyze President Trump's influence on the Federal Reserve and the U.S. economy. They explore the Fed’s potential September rate cut amid inflation and unemployment concerns, highlighting how surrendering to inflationary policies could worsen mortgage affordability and lead to a financial bust potentially worse than 2000 and 2008. The conversation dives into Trump's attempts to reshape the Fed, the limits of his legal power, and possible impacts on monetary policy.
They further examine the U.S. economy’s debt challenges, comparing current administration policies to Reagan-era economics, and warn of risks from ongoing deficit spending. Michael and Chris also assess the economic fallout from Trump’s tariffs, including shifting global trade dynamics and weakening U.S. influence.
The duo critiques Trump’s flawed trade deal strategies, illustrated by broken promises and incomplete projects, while reflecting on how his personality impacts policymaking. Finally, they discuss government involvement in private sectors and constitutional concerns, sharing insights into upcoming speaking events and directing viewers for deeper economic analysis.
Stay tuned for a comprehensive breakdown of Trump’s economic policies, Federal Reserve dynamics, and what it all means for the future of the U.S. economy.
In this in-depth interview, Michael Fox sits down with Mike McGlone, Chief Commodity Strategist at Bloomberg Intelligence, to explore the latest trends and challenges in the precious metals market. They dive into silver’s recent rally driven by gold, with Mike predicting silver could reach $50, though its gains are tempered by industrial demand. Copper’s bearish outlook takes center stage, with Mike warning that a drop below $4.60 per pound could signal global economic weakness. Gold’s bull market continues, with predictions it might hit $4,000 amid stock market volatility.
The conversation also covers how electric vehicle trends impact platinum, palladium, and silver prices, noting that while short-term factors may support platinum and palladium, the long-term shift favors EVs and their material requirements. They analyze the influences of tariffs on inflation and corporate margins and discuss significant global price discrepancies in copper markets, raising concerns about potential prolonged market shifts.
Finally, Mike addresses the risks political pressure could pose to the Federal Reserve’s independence during an increasingly volatile period, emphasizing caution ahead.
Tune in for a comprehensive outlook on precious metals, copper, EV-related trends, and the broader economic landscape affecting these vital commodities.
Join Michael Fox as he interviews Maura Kolb, President and CEO of Dryden Gold (TSX-V: DRY) (OTCQB: DRYGF), about their exciting gold exploration activities in Northwestern Ontario. Discover how Dryden Gold is advancing its flagship Gold Rock camp while exploring 70,000 hectares of underexplored land with excellent infrastructure. Maura shares insights on their successful summer drilling campaign, including breakthrough discoveries of high-grade gold mineralization and multiple stacked structures between key targets like the Jubilee and Pearl. Learn about their systematic yet aggressive approach to expanding the Gold Rock system and their collaboration with structural experts to better understand controls on mineralization. With $7.8 million raised—primarily earmarked for exploration—Dryden Gold is ramping up drilling and regional programs, aiming to unlock the full potential of their extensive land package. Stay tuned for evolving results and the growing story of gold discovery in the Dryden district!
ABOUT DRYDEN GOLD CORP.
Dryden Gold Corp. is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange and traded on the OTCQB. The Company has a strong management team and Board of Directors comprised of experienced individuals with a track record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls a 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario. Dryden Gold acknowledges all Indigenous Peoples and that it is operating on the traditional homelands of the Wabigoon Lake Ojibway Nation and Eagle Lake First Nation. Dryden Gold’s property package includes historic gold mines but has seen limited modern exploration. The property hosts high-grade gold mineralization over 50km of potential strike length along the Manitou-Dinorwic deformation zone. The property has excellent infrastructure, enjoys collaborative relationships with First Nations communities and benefits from proximity to an experienced mining workforce.
Dryden Gold
https://drydengold.com/