The Beatings Will Continue Until the Macro Improves — Bizarro World 372

The free version of Episode 372 of Investing in Bizarro World is now live.

This week, Nick and Gerardo are back from the Rule Symposium with a simple message for resource investors: price is not value. Gold, silver, copper, lithium, uranium, and junior resource stocks have been beaten up since the January highs, but the long-term bull market thesis remains intact.

The problem right now is macro. The dollar is still firm, the 10-year yield has not rolled over, gold is back near support around $3,930, silver needs to hold the mid-$50s, and copper remains the best-looking chart near the $6 level. Until the dollar weakens, yields fall, inflation cools, or the Fed turns more dovish, the beatings may continue.

But that is also where the opportunity comes in. The Rule Symposium was packed with smart, serious capital looking for value. Many juniors are down 50%–60%, but the best companies are cashed up, drilling, waiting on assays, and still adding value. As Rick Rule likes to remind investors, some of the biggest winners get cut in half before they become the biggest winners.

Then things get fully Bizarro: U.S.-Israel military integration, Thomas Massie, Epstein files, ICE overreach, surveillance cameras, missing body-cam footage, foreign entanglements, broken immigration policy, the skilled-labor shortage, critical metals expertise, and why America keeps diagnosing problems correctly before completely botching the solution.

Subscribe to the channel:

👉 / @bizarroworld

Read the full article + listen here:

👉 https://bizarroworld.com

Timestamps:

0:00 Introduction

2:19 Macro Musings: Rule Symposium. Price vs. Value. Intelligent Capital. Gold Pullback. Silver Fear. Bull Market Context.