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Peter Grandich: Junior Resource Stocks – Good Buy or Goodbye?

Tom welcomes returning guest Peter Grandich to the show to discuss the U.S. reaching the practical limit for debt and the serious decline it is facing. They discuss the widespread problems of crime, health issues, and the decline in family values, as well as Canada now advocating medically assisted dying for the elderly and those with mental health issues. Peter believes the BLS has been providing overly optimistic data and that it has never been this tough for small businesses, with labor being difficult to find.

He suggests that in downturns, it is better to be a year too early than a day too late, and that gold is an example of an uncrowded trade. He also believes that the cryptocurrency space has largely blown up and won’t be coming back anytime soon. Peter believes that we have seen the worst of inflation for the foreseeable future, but that inflation will remain higher than what we have become accustomed to.

Talking Points From This Episode

  • Problems facing the USA and the West and why the solutions remain limited.
  • Crowded trades and what parts of the gold sector hold promise.
  • Outlook for uranium, energy, and concerns around banks and commercial real estate.

Time Stamp References:
0:00 – Introduction
0:40 – America in Decline
2:35 – Health, Safety & Family
4:20 – Bad Economic Data
5:45 – Media & Solutions?
7:08 – Trades Crowded/Empty
10:22 – Gold Sector Thoughts
15:15 – Cryptocurrencies
21:23 – Uranium & Producers
25:33 – Holding Cash & Oil
26:57 – Commercial Real Estate
29:12 – Banks & Lending Stds.
32:20 – Fed Rates & Inflation
34:42 – Wrap Up

Guest Links:

Peter Grandich entered Wall Street in the mid-1980s with neither formal education nor training. Within three years, he was appointed Head of Investment Strategy for a leading New York Stock Exchange member firm. He would hold positions as Chief Market Strategist, Portfolio Manager for four hedge funds, and a mutual fund that bore his name. His abilities have resulted in hundreds of media interviews, including Good Morning America, Fox News, CNBC, Wall Street Journal, Barron’s, Financial Post, Globe and Mail, US News & World Report, New York Times, Business Week, MarketWatch, Business News Network and dozens more. In addition, he has spoken at investment conferences worldwide, edited numerous investment newsletters, and was one of the more sought-after financial commentators.

Grandich has been a member of the National Association of Christian Financial Consultants, The New York Society of Security Analysts, The Society of Quantitative Analysts, and The Markets Technician Association. He is an active supporter of Athletes in Action, the Fellowship of Christian Athletes, Good News International Ministries, and Catholic Athletes For Christ. Through Athletes in Action, Grandich assisted with Bible study and chapel services for the New York Giants and New York Yankees from 2002 to 2016.

His autobiography, Confessions of a Wall Street Whiz Kid, was first published in 2011 and is now on its fourth printing.

Peter Grandich resides in New Jersey with his wife, Mary, and has one daughter, Tara. In 2015, he turned a three-decade dream into a reality by opening a storefront office in the “Norman Rockwell style” Jersey Shore town of Spring Lake. He then extended that vision by opening a satellite office in Millstone Township in 2019.

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