Wealthion - Be Financially Resilient

David Woo says markets may be dangerously underpricing the risk of escalation around Iran and the Strait of Hormuz. He explains why Iran has an incentive to push crude toward $100–$120, why tougher U.S. action could be bullish for oil and bearish for stocks, and how a confrontation involving China could raise the stakes even further. Woo also breaks down the shifting Russia-Ukraine war, the opportunity he sees in defense stocks, mounting pressure on Europe—and why he remains long oil as geopolitical risks build.

💡 From the risk of $100–$120 oil and a renewed Iran showdown to rising pressure on stocks, China, Europe, and global defense markets, David Woo explains why investors may be underestimating how quickly geopolitical tensions could turn into a broader market shock. Join the Wealthion community for more conversations on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/4gER4xy

💡 Want more of David Woo’s independent macro, geopolitical, and market analysis? Follow his latest research and commentary at David Woo Unbound: https://www.davidwoounbound.com/

Chapters:
0:00 Oil to $120? David Woo’s Warning for Markets
0:21 Iran, the Strait of Hormuz & the Oil Shock
4:33 China Could Send Oil Higher and Stocks Lower
7:30 Wealthion Membership
8:48 Could the U.S.-Iran Conflict Escalate?
10:32 Are Markets Underpricing the Iran Risk?
14:17 Russia-Ukraine War: Is Russia Gaining Momentum?
18:33 Why David Woo Likes Defense Stocks
20:03 What a Stronger Russia Means for Europe
21:51 Europe’s Energy Crisis & China Trade War Risk
24:08 David Woo’s Portfolio: Oil, Bonds, AI & the Yen

Connect with us online:
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#Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement
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IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.
Learn more about your ad choices. Visit megaphone.fm/adchoices

The recession everyone feared still hasn’t arrived — and the stock market keeps defying the bears.

Ed Yardeni explains why he believes the U.S. economy remains resilient, why consumer spending and corporate earnings could keep the bull market moving higher, and why pessimistic investors may be missing what’s happening right in front of them.

He also breaks down how he’s thinking about stocks, bonds, gold and emerging markets — and why the biggest AI investment opportunity may be in the companies using artificial intelligence to drive productivity and profits.

Topics: stock market outlook, U.S. economy, recession, bull market, AI stocks, corporate earnings, consumer spending, investing, gold, bonds, emerging markets.

💡 From a recession that never arrived to resilient consumers, strong corporate earnings, and the next wave of AI-driven productivity, Ed Yardeni explains why the bull market may have more room to run — and how investors should think about stocks, bonds, gold, emerging markets, and the companies benefiting most from AI. Join the Wealthion community for more conversations on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/45sNWi5

Chapters:
0:00 Why the Bears Keep Getting This Market Wrong
4:35 Baby Boomers Are Keeping Consumer Spending Strong
6:49 Could a Bear Market Finally Break the Consumer?
8:47 Is the Stock Market Too Big to Fail?
11:11 AI, Productivity and the Future of Wages
14:16 Why the Perma-Bears Keep Getting It Wrong
15:25 Strong Earnings vs. Recession Fears
16:49 How to Invest: Stocks, Bonds, Gold & Emerging Markets
18:46 Why This Bull Market Is Different
19:35 The Biggest AI Investment Opportunities
20:15 AI Stocks: Financials, Cybersecurity & Healthcare

Connect with us online:
Website: https://www.wealthion.com
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#StockMarket #Recession #BullMarket #USEconomy #Investing #MarketOutlook #AIStocks #CorporateEarnings #ConsumerSpending #Gold #Bonds #EdYardeni
________________________________________________________________________
IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Top gold miners are earning margins above $3,000 an ounce, yet Jonathan Wellum says their stocks are still priced as if gold were far lower. Why he sees a rare gap between commodity cash flow and mining stock prices.

Jonathan Wellum, CEO and CIO of RockLinc, joins Maggie Lake to explain why commodities and mining may be one of the most overlooked opportunities in the market. He connects Trump's push to revive US mining, deglobalization, and Western dependence on China for critical minerals to a simple imbalance: the world is demanding more copper, silver, uranium and gold than it produces, while capital keeps flooding into AI. He also lays out why mining equities lag their own cash flow, how he separates precious metals from critical minerals, and where he is cautious on the AI build-out.

What Wellum covers:
- What Trump's mining roundtable and the reshoring push mean for critical minerals
- Why mining stocks lag despite record free cash flow and expanding margins
- The debasement trade, record central bank gold buying, and a debt-driven case for hard assets
- Precious metals versus critical and industrial minerals, and how RockLinc chooses among copper, uranium, silver, gold and potash
- Charlie Munger's circle of competence, and why an ETF can beat picking junior miners
- Reshoring beyond the miners, and why he is cautious on the AI CapEx story

💡 From years of underinvestment in critical commodities to mounting debt and an AI spending boom with uncertain returns, Jonathan Wellum explains why gold, silver, copper, uranium, and other real assets could matter more in the years ahead. Join the Wealthion community for more conversations on the forces shaping markets — and how to protect and grow your wealth: https://bit.ly/4bOwJTI

💡 Jonathan Wellum explains why debt, commodity shortages, and uncertainty around the AI boom could create both risks and opportunities for investors. Sign up for a free portfolio review with one of Wealthion’s trusted advisors to see how your portfolio is positioned: https://bit.ly/4xyF7PI

Chapters:
00:00 Gold, Commodities & AI: What Investors Need to Know
00:58 Trump’s Push to Revive U.S. Mining
03:14 Silver & Copper Shortages Are Growing
04:29 Are Mining Stocks Still Undervalued?
06:20 Gold & Silver as Protection Against Financial Risk
06:44 Why Investors Are Still Missing the Commodity Trade
07:43 Debt, AI Spending & Stress on the Financial System
08:55 Mining Investing: Why the Story Isn’t Enough
09:57 The Reshoring & Infrastructure Investment Opportunity
10:38 Finding AI Winners Beyond Nvidia
13:41 The Big Risk Behind the AI CapEx Boom
16:27 Why Some AI Companies Could Go Bankrupt

Connect with us online:
Website: https://www.wealthion.com
X: https://www.x.com/wealthion
Instagram: https://www.instagram.com/wealthionofficial/
LinkedIn: https://www.linkedin.com/company/wealthion/

#Gold #Silver #Commodities #MiningStocks #Investing #AI #StockMarket #PreciousMetals #Copper #Uranium #Wealthion
________________________________________________________________________
IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.
Learn more about your ad choices. Visit megaphone.fm/adchoices

Roughly six vessels moved through the Strait of Hormuz in a day, down from 130 to 140 before the war, and Art Berman says Persian Gulf oil production is down about 10 million barrels a day. His case: this is a bigger supply shock than COVID, and markets are barely pricing it.
Geologist and energy consultant Art Berman returns to Wealthion with Maggie Lake to explain why the oil market looks calm on the surface while the plumbing underneath has changed dramatically. He argues the ceasefire optimism is misplaced, that markets are not wrong so much as focused on the wrong part of the system, and that the real story sits in upstream production, not tanker traffic through the Strait of Hormuz.

What Berman covers:
- Why Hormuz flows may not return to even half of pre-war levels before the middle of 2027
- Why markets are not getting it wrong, and what the shift in the futures curve is really signaling
- How the oil market always clears, and why demand reduction is the ultimate default
- Upstream, midstream and downstream: the distinction most headlines miss
- The figure almost no one is discussing: Persian Gulf production down around 10 million barrels a day
- Why, by one measure, this is a larger supply shock than COVID

Chapters:
00:00 Art Berman: The Energy Order Is Breaking
00:54 Strait of Hormuz Crisis: Why Conditions Are Getting Worse
03:57 Oil Markets, Iran and the Risk Investors Are Pricing
10:05 Why Demand Destruction Becomes the Ultimate Solution
13:18 10 Million Barrels a Day of Oil Production Shut In
16:24 Oil Stocks vs. Flows: What Investors Are Missing
22:09 Hormuz, Panama Canal & the New Geopolitics of Choke Points
27:18 Why a Middle East Deal Won’t Quickly Restore Oil Flows
30:21 Why Shut-In Oil Production May Never Fully Recover
34:08 Art Berman Warns of an Unprecedented Energy System Shock
38:16 The Post-WWII Energy Order Is Unraveling
43:17 Oil Prices, Market Risk & How Price Discovery Really Works

💡 From the Strait of Hormuz and millions of barrels of shut-in production to the unraveling of the postwar energy order, Art Berman explains why this is far more than a temporary oil shock — and why the global energy system may never return to what it was before. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4woj119

💡 Want to hear more from Art Berman? Explore his latest research, analysis, and insights on energy markets, oil, geopolitics, and the forces reshaping the global energy system at ArtBerman.com: https://www.artberman.com/contact/

Connect with us online:
Website: https://www.wealthion.com
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Instagram: https://www.instagram.com/wealthionofficial/
LinkedIn: https://www.linkedin.com/company/wealthion/

#ArtBerman #OilPrices #EnergyMarkets #StraitOfHormuz #Iran #MiddleEast #OilMarket #EnergyCrisis #Geopolitics #CrudeOil #OilSupply #EnergySecurity #GlobalMarkets #Investing #MarketOutlook
________________________________________________________________________
IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.
Learn more about your ad choices. Visit megaphone.fm/adchoices

The U.S. jobs market is cooling — but mining has a very different labor problem: finding the right talent.

Veteran geologist and mining expert Steven Enders joins Maggie Lake to explain why the quality of people and management teams can make or break a mining project — even as the industry faces enormous demand for critical minerals.

Enders breaks down the looming copper supply gap, why new mines remain so difficult to build, where we may be in the commodity cycle, and why AI can help the mining industry — but won’t solve its biggest problems.

Plus: why he’s skeptical of mining project forecasts, what investors should look for in management teams, and the warning signs that tell him a commodity cycle may be getting mature.

Topics include:
• U.S. jobs market and mining’s talent challenge
• Copper demand and the global supply gap
• Mining stocks and commodity cycles
• How to evaluate mining management teams
• AI in mining and mineral exploration
• Capex, opex and why mining projects run over budget
• M&A and signs of a mature commodity cycle

💡 From a looming copper supply gap to mining’s hidden talent problem, Steven Enders explains why finding the right people may be just as critical as finding the right resources — and why AI alone won’t solve the industry’s biggest challenges. Join the Wealthion community for more conversations on the forces shaping markets and how to protect and grow your wealth: https://bit.ly/4wiKgKv

Chapters:
00:00 Copper, Talent & Mining’s Biggest Challenges
00:40 The Looming Copper Supply Deficit
02:12 Why Steven Enders Is Bullish on Copper
03:43 Mining’s Hidden Talent Problem
05:38 How to Evaluate a Mining Management Team
07:58 Critical Minerals & Government Support
08:50 Can AI Transform Mining and Exploration?
10:51 M&A, Commodity Cycles & “The Crazies”
12:54 Mining Volatility & Long-Term Investing
14:56 Why Mining Project Costs Are Often Too Low

Connect with us online:
Website: https://www.wealthion.com
X: https://www.x.com/wealthion
Instagram: https://www.instagram.com/wealthionofficial/
LinkedIn: https://www.linkedin.com/company/wealthion/

#Copper #Mining #Commodities #Jobs #CriticalMinerals #AI #Investing
________________________________________________________________________

IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.
Learn more about your ad choices. Visit megaphone.fm/adchoices