Cory Fleck and Matt Badiali break down the September surge in precious metals and a major battery-tech development out of China that could upend lithium demand.
What we cover:
Gold & Silver: The Post-Summer Breakout After a five-month consolidation, gold and silver rip higher as traders return. We discuss momentum, seasonality, and why metals can rise alongside broader equities.
Money Flows Into PM Equity ETFs Growing, sustained inflows into GDX/GDXJ signal renewed interest beyond bullion. Why juniors are perking up, and where to stay cautious on froth.
M&A & Capital Cycling Majors are minting FCF but remain defensive. What to watch for into conference season and why real sector breadth often follows headline deals.
Macro Frame USD drift, rate-cut odds, tariff pressure, and how currency effects amplify gold’s move in non-USD terms (gold near $5,000 CAD).
Battery Shake-Up: Sodium-Ion China’s CATL unveils sodium-ion batteries aiming for EV-class range at sharply lower cost; BYD is scaling fast. We unpack substitution risk for lithium and what it means for miners vs. the broader EV adoption curve.
Have a story you want featured on Resource Rundown? Email Cory and Matt - resourcerundown@gmail.com.
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Hosts may own shares in companies mentioned.
Precious metals are shining, copper is attracting big players, and alternative assets are hitting retirement accounts
Matt Badiali and Cory Fleck dive into:
Gold & Silver Majors Post Record Results - Earnings from companies like Agnico Eagle, Kinross, and Hecla Mining are smashing expectations, with record revenues, robust free cash flow, and the market finally taking notice.
Alternative Assets in 401(k)s - A new executive order opens the door for Americans to hold gold, Bitcoin, and even property in retirement accounts. What could this mean for investor flows into precious metals?
Mitsubishi Backs Hudbay’s Copper World - A $600 million investment signals growing interest from non-resource corporations in large-scale copper projects, highlighting the sector’s strategic importance.
Matt also shares insights on free cash flow margins, the potential stage of this bull market, and what investors should watch as mining conferences pick up in September.
Have a story you want featured on Resource Rundown? Email Cory and Matt - resourcerundown@gmail.com.
Copper headlines dominate recent news, with new U.S. tariffs and Chinese smelters waiving fees. Also oil remains rangebound with US rig counts decreasing but not overall production
Matt Badiali and Cory Fleck dive into:
The implications of 50% copper import tariffs and why U.S. consumption may take a hit
Chinese smelters processing concentrate for free - a sign of desperation or strategic play?
Copper’s long-term supply deficit and the search for substitutes
Financing trends and challenges in the junior exploration space
Why the oil patch isn’t drilling - and how rig declines haven’t slowed production
The role of governments: growing support, still too slow
We close with why this could be the best commodity bull cycle in a generation.
Keep in touch with Matt and I through email at resourcerundown@gmail.com.
Cory Fleck and Matt Badiali dive into silver’s explosive move toward $40/oz and unpack what’s fueling the rally: industrial demand from solar, historic gold-to-silver ratios, and speculative momentum. But is it sustainable?
We also break down:
Why silver may be the “meme coin” of precious metals
Why most silver stocks are surging - even the bad ones
Gold miners like Newmont (NEM) generating record cash flow but trading like value traps
The flawed structure of the Global X Lithium ETF (LIT) and what it says about passive investing in commodities
Oil’s latest rally tied to the Iran conflict - and why it likely won’t last
Let us know what topics you'd like us to cover next.
Check out Matt's Substack and Cory’s interviews at The KE Report.
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