Kontrarian Korner #140 - Vince Lanci

On Friday I had Vince Lanci back on the podcast to talk about precious metals perking up, the recent Fed meeting and his outlook for the rest of the year, and how it all ties in with the geopolitical chessboard. We also talked briefly about oil, agricultural commodities and fertilizers, and how all of these things fit together to form a complex macro picture. If you’re interested in the intersection of markets and current events, this one’s for you. You can find Vince on Twitter and his work at GoldFix.

Podcast Summary

* What Warsh is going to do for the rest of 2026, why he thinks it is more bark than bite, and why he thinks they will hold rates instead of hiking.

* Why there isn’t a consensus on Wall Street on what the Fed will do from here.

* Why he thinks Trump will declare victory and pull out of the conflict with Iran sooner rather than later.

* Affordability as one of the main issues in the midterm elections.

* The precious metals complex showing signs of life, and why it might still consolidate for some time from here.

* How platinum started the recent move and gold and silver followed through.

* Why China is continuing to buy physical metals, and the changes in their exchange setup.

* How recent events is probably going to mean a higher floor on the oil price.

* Why we could see problems in fertilizers and agricultural commodities next year.

* The AI Capex bubble, and how it could cause problems for the credit market.

* Changes in the geopolitical system and the American approach to it, and why Europe is going to be the odd man out.

* Book Recommendation: The Will To Believe by William James.

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