Podcasts about crescat capital

  In this KE Report company introduction, we speak with Rana Vig, President and CEO of Blue Lagoon Resources (CSE:BLLG - OTCQB:BLAGF), a company on the verge of near-term gold production in British Columbia. With production expected to begin as early as July, the company is focused on generating cash flow through a toll milling agreement with Nicola Mining and using those proceeds to fund exploration across its land package.   Key topics covered: Roadmap to production and the significance of the recently granted permit - one of only seven hard rock mining permits issued in B.C. in the past decade. Toll milling strategy to avoid heavy CapEx and environmental liability. Initial production forecast of 15,000 oz gold in year one, ramping up to 20,000 oz annually. The company's 218,000 oz M&I gold resource and why a PEA has been deferred until production cash flow validates the asset. Exploration potential from over 50,000m of recent drilling, new high-grade hits below the current resource, and several untested veins across a 22,000-hectare property. A look at the insider ownership and key strategic shareholders, including Crescat Capital and Nicola Mining. Visit the company website: https://bluelagoonresources.com/   Have questions? Leave a comment or email us (Fleck@kereport.com). I will follow up directly with Rana.

Is gold still undervalued, even after hitting record highs? Tavi Costa says yes, and makes the case for $20,000+ gold. In this insightful interview, Crescat Capital's macro strategist Tavi Costa joins Trey Reik to explain why we're in the early stages of a “Great Rotation” out of overvalued U.S. equities and into hard assets like gold, silver, and commodities. Tavi also lays out why traditional 60/40 portfolios are set to underperform for years, how U.S. debt levels and deglobalization are pressuring the dollar, and why central banks (and possibly even the U.S. Treasury) are quietly turning back to gold. He also reveals: - Why the 2-year Treasury yield could collapse - Why the S&P 500's best years may be behind it - Why silver may be “the cheapest metal on Earth” - And how AI, onshoring, and infrastructure needs are creating a boom in commodity demand Chapters:01:09 - Crescat's Three‑Pronged Strategy 05:45 - Defining the “Great Market Rotation” 10:14 - What's Driving Crescat's 2025 Outperformance 13:38 - Why the 60/40 Portfolio Is in Trouble 16:49 - Commodities vs. Equities: The Historic Discount 20:36 - Three Forces Fueling Gold's Surge 24:36 - Why This Gold Cycle Could Be the Biggest Yet 30:03 - When Will It Be Time to Sell Gold? 36:32 - Valuing Gold: A $20K+ Playbook? 41:25 - Gold's Role in the Next Monetary System 44:48 - 2025 Outlook: Rates, Commodities, and Markets 47:35 - Is Silver the Cheapest Metal on Earth? Volatility got you concerned? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/3SBaGpv Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH 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/ #Wealthion #Wealth #Finance #Investing #Gold #Silver #Commodities #MacroEconomics #DeDollarization #GreatRotation #TaviCosta #EconomicShift #MonetaryPolicy #MarketOutlook #Mag7 ________________________________________________________________________ The opinions and information shared by Tavi in this discussion are his own, and not necessarily those of Crescat. Any investments discussed may or may not be held by Crescat. Investments carry risk including risk of loss. ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. 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, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. 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

Tom welcomes back Tavi Costa, Portfolio Manager at Crescat Capital, to discuss the current state of gold, silver, mining stocks, and broader economic trends. Costa emphasizes that despite technical indicators suggesting overbought conditions in gold, the underlying macroeconomic factors point to continued strength in precious metals. He highlights the role of central banks, particularly in emerging markets like China, Russia, and Turkey, which have been significant buyers of gold. Costa argues that gold's revaluation is driven by global debt imbalances, de-globalization trends, and countries seeking to stabilize their monetary systems. He also explains how higher gold prices can increase the U.S. Treasury's cash reserves, enabling buybacks of Treasuries without quantitative easing, which he believes will be a critical tool for managing debt. Costa is bullish on mining stocks, noting they are historically undervalued relative to U.S. equities and have outperformed over the past decade. He suggests that as global infrastructure needs grow and supply chains shift, mining companies will play a crucial role in meeting demand for essential commodities. Additionally, he points out the attractive valuations of silver, given its high gold-to-silver ratio, which he believes could lead to significant price appreciation. The discussion also touches on the U.S. dollar's structural downtrend, driven by high debt levels and interest payment burdens, and how this impacts emerging markets positively. Costa predicts that lower yields on short-term Treasuries will benefit miners and other sectors. He concludes by advocating for increased exposure to energy stocks due to geopolitical tensions and rising oil prices. Time Stamp References:0:00 - Introductions0:38 - Technical Bear Signals?5:54 - Monetizing U.S. Assets11:08 - Gold Re-Valuation Chart15:00 - Tariffs & Fed Policy20:08 - Dollar Struct Downtrend26:10 - Mining Stock Value31:30 - A Correction Coming?35:33 - GS Ratio Imbalances40:09 - Gaining Metal Exposure43:43 - Education & Sentiment47:00 - Mkt. Rotation & Wrap Up Guest Links:X: https://x.com/tavicostaX: https://x.com/crescat_capitalWebsite: https://crescat.net Otavio ("Tavi") Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the U.S. economic cycle through a combination of 16 factors. His research is regularly featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil, and fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

In this episode, we speak with Tavi Costa, partner at Crescat Capital, about global macroeconomic shifts, rising gold prices, and the potential rotation from large-cap tech into commodities. Tavi explains why he sees significant opportunities in gold, silver, and emerging markets amid a weakening dollar and ongoing de-globalization. We dive into how policy decisions, geopolitical trends, and market valuations are shaping investment strategies, including what this means for metals like copper, silver, and lithium. CHAPTERS

In this episode, we chat with Tony Reda, Founder, President, and CEO of Tectonic Metals, a mineral exploration company, focused on the acquisition, exploration, discovery and development of mineral resources from district-scale projects in politically stable jurisdictions that have the potential to host world-class orebodies in North America. Tony has been in mining for 20+ years in investor relations and corporate development roles before taking the helm at Tectonic back in 2018 and shares his journey, give us an update on the company, their key partnerships and the broad milestones and strategy the company is looking to execute. KEY TAKEAWAYS Tony's career in mining began at the age of 21 when he invested in mining stocks, leading to a significant loss during the Bre-X scandal. He returned to the industry in 2005, focusing on corporate development and investor relations, which laid the groundwork for his role as CEO of Tectonic Metals. Tectonic Metals emphasises early-stage discovery opportunities and aims to partner with local communities and Indigenous groups from the outset. This approach includes forming impact benefit agreements to ensure community support and involvement in the exploration process. The Flat Gold Project, located in Alaska, has shown promising results, including a new gold discovery with significant grades. The project is situated in a mineral belt that hosts one of the largest undeveloped gold deposits in the world, indicating strong potential for further exploration and development. Tectonic Metals has established key partnerships with organisations like Doyon, the Alaska Native Regional Corporation, and Crescat Capital. These partnerships not only provide financial backing but also streamline the permitting process and enhance community relations, which are crucial for project success. BEST MOMENTS "We are partnered up with one of Alaska's largest leading native regional corporations... they’ve invested over $4 million supporting our efforts to explore on their land." "If you can hit gold in a kilometre-long target on your first attempt and hit grades as high as that, that tells you the system is huge." "We want something that's at least 5 million ounces or larger... this is not a one deposit system. Now there's potential for six of them." "The Trump administration is vocal about sort of, you know, homegrown resources and reducing their reliance on other countries for their natural resources." VALUABLE RESOURCES Mail: rob@mining-international.org LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X: https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast Web: http://www.mining-international.org This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer: Insurance risk surveys recognised as an industry standard Construction risk reviews Asset criticality assessments and more Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com GUEST SOCIALS https://www.tectonicmetals.com/ https://www.linkedin.com/company/tectonic-metals/ https://www.youtube.com/@TectonicMetalsInc https://x.com/TectonicMetals ABOUT THE HOST Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace. CONTACT METHOD rob@mining-international.org https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.

Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins me to review the final batches of more high-grade gold assay results from the 2024 drill program, returned from both the reduced intrusion mineralization and multiple new stacked veins at the Surebet and Bonanza Zones at the Surebet Discovery in the Golden Triangle of British Columbia.  We also look ahead to the 2025 exploration strategy and program anticipated to kick back off in May.   We start off reviewing the key takeaways from the Surebet Zone, Bonanza Shear and Golden Gate zone, as well as 4 additional new stacked gold veins, now totaling 12 veins stretching vertically over 1.2 km.  Last year program was successful in demonstrating the untapped discovery potential and consistent high grades and mineable widths of the gold-mineralized stacked layers in the Surebet system that measures 1.8 km2 and remains wide open.    Another key exploration initiative from the prior exploration program was relogging many drill core intercepts drilled from 2021-2023, where results confirmed multiple intercepts of an intrusion related feeder dyke system that remains open, strongly indicating close proximity to a large gold-rich intrusive source at depth (Reduced Intrusion Related Gold system, RIRG).  This reduced intrusion mineralization will continue to be a focus of follow-up relogging and new drill targets for this year's program, with the plans to get more core sent back off to the assay labs in May, once the team gets mobilized at camp.   We touched briefly upon the regional targets like Treasure Island and Jackpot that did have some indications of gold and silver, but didn't return assays that were of the same grades as what was seen at surface in the grab and channel samples, so there will be surveys flown and more targeting work done in 2025, to prepare new drill targets for 2026.   The focus of the 2025 drill program will mainly be expanding mineralization at the Surbet Discovery along strike, further down in depth below the valley floor, and also doing some infill drilling at 100 meter spacings to connect together isolated holes into a more comprehensive and continuous mineralized model.   Roger also highlighted the strategic investments last year and this year Crescat Capital, Larry Childress, a Singapore-based commodity fund, Rob McEwen.  Importantly, in a more recent transaction a strategic C$10,000,000 investment by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) was made into Goliath Resources; where both companies now have shares and exposure in the respective companies.   If you have any questions for Roger about Goliath Resources, then please email me at Shad@kereport.com and then we'll get those answered or covered in a future interviews.   In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.   Click here to follow the latest news from Goliath Resources

The US dollar has been very strong for several years now. Among other implications, capital from the rest of the world has flooded into US stocks as a result.Today's guest predicts that for many reasons, especially America's need to get bond yields lower in order to make its debt more serviceable, the dollar will fall materially over the coming year.If that happens, it will likely be unfavorable for US stocks, but add a tailwind to other assets, some trading at attractive discounts todaySo where do the best opportunities lie for investors?To find out, we turn to macro and commodities expert Tavi Costa of Crescat Capital.TIME'S RUNNING OUT! BUY YOUR TICKET AT THE EARLY BIRD PRICE FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

Tavi Costa from Crescat Capital gives us a macroeconomic outlook and gold, silver, the miners, and artificial intelligence are all looking pretty good. Again. no financial advice is offered. However Tavi is one of the leading researchers and macroeconomists out there. Come see what Tavi Costa had to say.

Host: Tracy Shuchart for MicDropMarketsGuests: Tavi CostaTavi is a Member and Macro Strategist at Crescat Capital and has been with the firm since 2013. He is responsible for developing Crescat's macro models as part of our thematic investment process. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, Reuters, Yahoo Finance, Real Vision, and others.Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in FinanceJennifer ShaigecJennifer began her professional career in 1998 as an analyst on TC Energy's Calgary trading floor. After taking a hiatus to focus on raising her three children, she returned to the workforce and established herself as a successful junior mining stock speculator. Jennifer serves as the Principal of Sandpiper Trading, a family fund focused exclusively on small-cap resource equities that has consistently generated impressive returns since its inception.A regular contributor to media platforms like CommonStock, Jennifer's expertise and engaging style have made her a sought-after moderator for industry executives on X spaces.Leveraging her extensive social media reach, Jennifer raises awareness about critical issues such as supply chain challenges and declining enrollment in post-secondary extractive industry programs. Her commitment to these causes highlights her dedication to the sustainable development and future of the natural resource sector.Disclaimer: This material is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation, or an offer to buy or sell / long or short any securities, commodities, or any related financial instruments. Please contact a licensed professional before making any investment or trading decisions

In this December Ask the Expert episode, Craig Hemke is joined by Tavi Costa, Portfolio Manager at Crescat Capital, to discuss critical trends shaping the gold and silver markets as 2024 comes to a close. Tavi shares expert insights into the challenges of an unsound monetary system, rising market volatility, and the role of precious metals as safe-haven assets. He also breaks down supply and demand dynamics, predictions for gold and silver in 2025, and key strategies to protect and grow your wealth during uncertain times. 00:00 - Introduction 02:25 - The Dollar's Future and Macro Trends 2025 11:45 - Insights on the Mining Sector and Natural Resources 21:45 - Closing ✅ Shop Gold and Silver in the USA - https://shorturl.at/ptzWX ✅ Shop Gold and Silver in Canada - https://shorturl.at/htyKN

Welcome to The KE Report Weekend Show. This weekend we focus on the junior resource market with a fund manager and newsletter writer outlining the opportunities they see, recapping recent news and discussing the overall sentiment for the sector. We hope you all enjoy this weekend's show! Please keep in touch with us through email. Our email addresses are Fleck@kereport.com and Shad@kereport.com.   Segment 1 and 2 - Tavi Costa, Partner at Crescat Capital kicks off the show discussing the investment environment for exploration stocks and the opportunities in acquiring producing assets. As more focus is being shifted to producing assets we outline the red and green flags to look for. Click here to visit the Crescat Capital website. Segment 3 and 4 - Brian Leni, Editor of the Junior Stock Review, wraps up the show by recapping a trip to Japan to visit Irving Resources (CSE:IRV), and discussing recent news out of Montague Gold (TSX.V:MAU) and FPX Nickel (TSX.V:FPX). Click here to visit the Junior Stock Review website to keep up to date on what Brian is investing in.

“Oil looks even more attractive than gold right now” says portfolio manager Tavi Costa of Crescat Capital. Tavi Costa shares that even though he expects gold over $2900/oz and silver touching over $40/oz before year-end 2024, he is even more bullish oil and possibly other non-precious metals. A year from now, Tavi sees inflation running significantly higher while the Federal Reserve refuses to rate interest rates. When this happens, metals and commodity prices will run higher, he anticipates. Tavi also reveals Crescat's approach to portfolio allocation in the mining sector. Tavi is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He is responsible for developing Crescat's macro models as part of our thematic investment process. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, Reuters, Yahoo Finance, Real Vision, and others. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University. 0:00 Introduction 1:01 US Interest Payments 4:18 Foreign ownership of US Debt 9:59 CBDCs role in the future 17:45 Mieli Effect? 24:46 Is Brazil the next economy to truly emerge? 27:15 Tensions in the Middle East 28:44 Silver 29:54 Oil is more attractive than gold now 31:15 AI potentially fixes USA debt problem 34:46 Inflation vs Metal Prices 41:13 Crescat Portfolio Allocation 48:44 Gold Price above US$2900/oz? 49:09 Silver Price above US$40/oz? 50:38 Crescat's Live Market Call Crescat Capital: https://www.crescat.net/ Tavi's Twitter: https://twitter.com/TaviCosta Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Mining Stock Education (MSE) offers informational content based on available data but it does not constitute investment, tax, or legal advice. It may not be appropriate for all situations or objectives. Readers and listeners should seek professional advice, make independent investigations and assessments before investing. MSE does not guarantee the accuracy or completeness of its content and should not be solely relied upon for investment decisions. MSE and its owner may hold financial interests in the companies discussed and can trade such securities without notice. If you buy stock in a company featured on MSE, for your own protection, you should assume that it is MSE's owner personally selling you that stock. MSE is biased towards its advertising sponsors which make this platform possible. MSE is not liable for representations, warranties, or omissions in its content. By accessing MSE content, users agree that MSE and its affiliates bear no liability related to the information provided or the investment decisions you make. Full disclaimer: https://www.miningstockeducation.com/disclaimer/

Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins me to review the 38,125 meter drill program that has now completed at the Surebet Discovery, Jackpot Target, And Treasure Island target at the Golddigger Property, located in the Golden Triangle, British Columbia.     Roger outlines that in total, assays are pending on 105 holes that include: 62 holes (out of 64) drilled this year, 17 previous holes relogged with RIRG style mineralization in dykes testing reduced intrusion mineralization and 14 other separate holes relogged that were drilled between 2021 – 2023 at Surebet. Assays are pending for 12 holes drilled at Treasure Island this year as well. 59 drill holes from this year's exploration program contained visible gold representing 92% of the holes in 2024, of which 19 (or 32%) had abundant visible gold (more than 4 recorded occurrences).   The new Bonanza High-Grade Gold Triangle, within the Surebet Discovery, delineates a zone of substantial gold and sulphide mineralization within a triangle measuring 720 x 612 x 410 meters with intervals over 9 meters and assaying over 31.1 g/t Au, demonstrating the high-grade gold potential of this excellent mineralized core zone that remains open. Assays for 17 holes (out of 19) from the new Bonanza Gold Triangle are pending.   The new Deep Zone discovered at 1239 meters below surface contains multiple quartz-sulphide veins and breccias with visible gold, chalcopyrite, galena and sphalerite demonstrating the tremendous additional untapped discovery potential of the Surebet system that remains wide open in every direction including at depth.   We then discussed the new style of Reduced Intrusion Related mineralization reinterpreted in this year's exploration program, where significant amounts of visible gold, bismuth mineralization, and molybdenite have been identified in veins hosted in intermediate porphyritic dykes in multiple drill holes. Relogging and sampling of the dykes in drill core from 2021-2023 included 17 holes for a total of >800 samples submitted to be assayed.   There was also the new Blue Origin discovery comprised of similar reduced intrusion style mineralization with a series of veins up to 20 cm wide containing bismuth minerals, molybdenite and chalcopyrite, hosted in a felsic intrusion located 4.5 kilometers to the south of the Surebet discovery. This intrusion could be spatially related to Surebet as an uplifted part of the potential feeder source below the 1.8 km2 area that remains open.    The Jackpot showing is located 1.4 km to the east of Surebet and similarly to the Bonanza Gold Triangle it lies at the intersection between the highly prolific Bonanza Shear and a southwest dipping sulphide mineralized shear zone where multiple samples assayed >5 g/t AuEq and remains open. A sample with a 7 mm nugget of visible gold was collected on the jackpot showing from the same vein where sample ST116183 assayed 21.5 oz/t AuEq or 667.40 gpt AuEq (636.00 gpt Au, 1690.00 gpt Ag, 7.96 % Cu, 2.22 % Pb). Assays are pending on all 6 drill holes from the Jackpot showing.   Next we pivoted up to the Cambria Ice Fields, where extensive high-grade quartz-sulphide mineralization on the original Treasure Island discovery with channel samples that assayed up to 28.08 gpt AuEq and grab samples that assayed up to 11.08 gpt AuEq has been traced in drill holes for 450 m of strike that remains open in all directions with 2,938 meters in 12 holes were drilled from 4 pads. The mineralized intervals average 29.99 meters wide and on average include 6.79 meters of moderate, semi-massive and massive sulphide mineralization in quartz-sulphide breccia over 450 m strike extent that remains open, and assays are still pending.   Wrapping up we have Roger outline for us through the capital management and financial health of the company,  announcing on October 3rd the closing of the final tranche of its previously announced non-brokered flow through financing for an aggregate $16,120,500 raised from the first and final tranches. In addition, earlier on September 4th, the Company announced $7,366,750 by way of a non-brokered charity flow through private placement at a price of $1.975 per share (no warrant). This gives the company over $23Million in funds raised which allowed for the expansion of the drill program for 2024, and still provides plenty of runway to kick things off the beginning of the next drill season. Roger mentioned that there are also over $9Million of in-the-money warrants priced between $0.15-$0.92 that start to expire in April/May of next year and finish expiring by year-end 2025. The company saw strategic investors like Crescat Capital and Rob McEwen increase their stakes, while also bringing in new cornerstone investors like a Singapore based Global Commodity Group and Larry Childress.*   If you have any questions for Roger about Goliath Resources, then please email me at Shad@kereport.com and then we'll get those answered or covered in a future interviews.   *In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.   Click here to follow the latest news from Goliath Resources

Welcome to another episode of Stock Talk on The KE Report. Quinton Hennigh, Geologist, Private Investor and Geologic Consultant to Crescat Capital joins me to share his thoughts on the following four companies.  Inflection Resources - CSE:AUCU - OTCQB: AUCUF Kootenay Silver - TSX.V:KTN - OTC:KOOYF Borealis Mining - TSX.V: BOGO Sierra Madre Gold & Silver - TSXV: SM - OTCQX: SMDRF All of these companies have been interviewed on our show in the last couple week. Here are links to all those interviews... Inflection Resources – Updates on Duck Creek Project with Exploration Partner AngloGold Earning In  Kootenay Silver – Drill Results From The Columba Project Expanding D-Vein, More Information On Over 10,000 Meter Still To Be Drilled Borealis Mining – Focused At The Borealis Mine, Nevada; 2 Gold Pours Since Listing, Drill Results Coming  Sierra Madre Gold And Silver – Ramping Up Towards Commercial Production By Year-End At The La Guitarra Mine      

Tom welcomes back Tavi Costa, Portfolio Manager at Crescat Capital, for an enlightening conversation about the gold industry and commodity space. Costa expresses his views on the current market landscape, suggesting that the Federal Reserve's rate cuts could signal a structural bear market for the US dollar, with significant consequences for inflation, gold, and emerging market stocks. He also explores the potential labor market weakness and its possible link to an impending recession, emphasizing the significance of investing in industries with compelling growth prospects. Costa delves into the subject of gold and silver markets, debating the importance of focusing on percentage gains versus supply and demand factors. He points out the long-term underperformance of the mining industry relative to gold due to a dearth of new discoveries, delayed capital flows from larger miners to smaller ones, and the general reluctance to invest in this sector. Despite these hurdles, Tavi remains hopeful about the future of the mining industry, viewing it as a promising venture rather than a mere gamble. He stress the value of acquiring expertise, focusing on scalability, and keeping abreast of market developments. When it comes to assessing miners, explorers, and developers, Tavi advocates for zeroing in on successful ventures and overlooked assets for potential value creation. Costa voices his concerns about analysts' inconsistent forecasts, particularly with respect to gold prices and future earnings, regarding this disparity as a lucrative opportunity for savvy investors. He also delves into the role of royalty companies in the mining industry and their influence on various sectors. Tavi stress the significance of recognizing incentives and their impact on industry dynamics. Lastly, they explores the substantial decline in mining investment and the repercussions of government funding and Chinese competition in securing mining assets. Tavi expresses enthusiasm for the prospective rewards in the mining sector. Time Stamp References:0:00 - Introductions0:55 - Market Turning Point4:23 - Weak Dollar Outlook11:04 - Labor & Job Numbers15:34 - Inflation & Commodities22:00 - 2024 P.M. Performance29:33 - Gold Vs. Miners35:03 - Investment or Speculation39:33 - Analyzing Mine Sector48:36 - Royalty Plays?51:53 - Shift to Resources59:06 - Strategic Metals1:07:28 - Capital Necessities1:10:16 - Chinese Investment1:12:36 - Vision & Success1:14:12 - Wrap Up Guest Links:X: https://x.com/tavicostaX: https://x.com/crescat_capitalWebsite: https://crescat.net Talking Points From This Episode Tavi Costa predicts a US dollar bear market due to Fed rate cuts, impacting gold, inflation, and emerging markets. Tavi emphasizes expertise, scalability, and market knowledge for success in mining industry. Tavi Costa sees potential in overlooked mining assets, despite challenges like analyst uncertainty and declining capital investment. Otavio ("Tavi") Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the U.S. economic cycle through a combination of 16 factors. His research is regularly featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil, and fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

Ever wondered how Japan's delayed rate hikes or the U.S.'s soaring interest payments relative to GDP could reshape global markets? Get ready for a deep dive with Tavi Costa from Crescat Capital as we untangle the intricate web of current macroeconomic trends. Discover why Tavi holds a bearish outlook on the dollar and what that means for fiat currencies, as well as his perspectives on the dramatic positioning in mega caps and the unpredictable behavior of equity markets amidst recent turmoil.Moving into the metals and mining industry, Tavi offers a goldmine of opportunities, literally. We discuss the concept of fiscal exceptionalism, the undervaluation of mining assets, and why private mining deals could be a jackpot for savvy investors. Tavi reveals how inefficiencies and conservative gold price assumptions create fertile ground for significant returns, especially through leveraged buyouts and strategic investments. If you're looking for new investment frontiers, this segment is not to be missed.Lastly, we tackle the twin giants of AI and infrastructure spending. Learn about the paradoxical nature of AI's initial inflationary pressures juxtaposed with its long-term deflationary effects. Tavi also sheds light on China's aggressive stockpiling of metals and its undisclosed gold purchases, a strategy that could provide unexpected liquidity and act as a market tailwind. This episode is packed with critical insights for anyone keen on understanding the future trajectory of global markets and the burgeoning demand for metals. Prepare to reframe your perspectives with expert analysis from Tavi Costa.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

On this weeks Huddle +, Patrick welcomes back to the show, Tavi Costa. Tavi gives us an update on precious metals, mining, his thoughts on the economy, and the impact of the AI boom. Check out ‘Crescat Capital': www.crescat.net Follow Tavi on X: https://www.x.com/tavicosta *Got questions for Kevin and Patrick? Submit your questions to: nostupidquestions@markethuddle.com Visit our merch store!!! https://www.themarkethuddlemerch.com/ To receive our emails with the charts and links each week, please register at: https://markethuddle.com/

"We're close to a major domino falling in the next six to nine months," predicted Tavi Costa, macro strategist at Crescat Capital. He explains to Daniela Cambone that the equity markets are likely to be the next to feel the economic repercussions driven by the higher cost of capital, which will impact the valuation of companies. Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcast or Call 866-349-3310

This is the audio only from the recent Stock Talk episode. To watch the video where Quinton and I review the slide deck of each company click here.   Welcome to another episode of Stock Talk on The KE Report. Quinton Hennigh, Geologist, Private Investor and Geologic Consultant to Crescat Capital joins me to share his thoughts on the following three companies.  Irving Resources - CSE:IRV, OTCQX:IRVRF Novo Resources - TSX:NVO, OTCQX:NSRPF, ASX:NVO Arizona Gold & Silver - TSX.V: AZS, OTCQB:AZASF   Please keep sending me stocks that you would like us to discuss in future Stock Talk episodes. My email address is Fleck@kereport.com. 

Host: Tracy Shuchart Guests: Tony Greer and Kevin Smith Tony Greer Tony began his career in the treasury department of Sumitomo Bank then moved on to join Union Bank of Switzerland as an FX and commodities trader. He returned to New York to join J. Aron & Company, the privately held commodity trading arm of Goldman Sachs. Where he managed risk for the Goldman Sachs Commodities Index, in precious and base metals trading, and in futures and options trading on the New York Mercantile ExchangeHe has worked for prop firms and the NYSE trading floor. In August of of 2016 Tony launched TG Macro to create an independent research firm where he could combine 25 years in trading and 15 years writing a daily newsletter into one analytical platform. Tony provides fundamental, technical, and behavioral analysis of global markets to a group of institutional clients and a personal subscriber base.Kevin Smith Kevin is the Founder and CIO of Crescat Capital. He has been managing investment portfolios since 1992, a career spanning multiple business cycles. Kevin has been the lead Portfolio Manager of Crescat's five investment strategies since their respective inceptions. He is the creator of Crescat's firmwide global macro investment process and systematic equity valuation model. Prior to founding Crescat, he worked as a Wealth Advisor with Kidder Peabody. He earned an MBA from the University of Chicago Booth School of Business with a specialization in Finance and a concentration in Statistics. He holds the Chartered Financial Analyst designation.Disclaimer: This material is presented solely for informational and entertainment purposes and is not to be construed as a recommendation, solicitation, or an offer to buy or sell / long or short any securities, commodities, or any related financial instruments. Please contact a licensed professional before making any investment or trading decisions

Another Stock Talk episode with Quinton Hennigh, geologist, private investor, geologic advisor to Crescat Capital. We are doing the same format as last segment where we look through companies slide decks to get Quinton's thoughts on the stocks you have sent in.    Since silver has broken out and almost all the silver stocks have revalued higher, we focus on three silver stocks. Here are the stocks we focus.  Impact Silver - TSX.V:IPT - OTC:ISVLF Silver X Mining - TSX.V:AGX - OTC:AGXPF Capitan Silver - TSX.V:CAPT   Please keep sending me the stocks you would like us to discuss. My email address is Fleck@kereport.com.     Please know this is not investment advice. This is simply Quinton's thoughts on the companies you have all sent in. We may have investments in the stocks discussed but we are not focusing on any of the stocks because we might be invested. We hope you all find these segments helpful, but again please do not take any of this as investment advice.    

Welcome to another segment of Stock Talk.   I am joined again by Quinton Hennigh, Geologist, private investor and geologic advisor to Crescat Capital. We focus this week on Lion One Metals, New Found Gold, Aftermath Silver and Abrasilver.    Please keep sending me the companies you want Quinton's thoughts on and we will keep this series going. Next week we will be back with thoughts on 4 more companies. My email address is Fleck@kereport.com.    

Recent inflation reports show that it's proving "sticky", stubbornly refusing to recede down to the target rates that central banks are shooting for. But rather than simply staying sticky, could it actually start surging again? Today's guest expert thinks it could due to growing global economic imbalances. If that happens, what will the implications be? And can investors to proactively today to prepare? For answers, we turn to macro and commodities expert Tavi Costa of Crescat Capital. Follow Tavi at https://www.crescat.net/ SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #inflation #interestrates #commodities

Tom Bodrovics welcomes back Tavi Costa of Crescat Capital to discuss the potential for a bull market in precious metals, particularly gold and silver. They believe that the current undervaluation of the metals and mining industry, coupled with various macroeconomic trends, presents an attractive investment opportunity. Tavi highlights the potential for increased M&A activity in the gold mining sector and the importance of finding major discoveries in the juniors. They also discuss the potential impact of ESG policies and green agendas on gold production. Tavi Costa suggests that silver is worth paying attention to, citing factors such as increased imports from India and declining production from Peru and Mexico. He sees silver as a monetary and inflationary hedge. They discuss the macroeconomic indicators pointing towards a potential recession, as well as potential opportunities in the commodity space. Tavi Costa offers insights into the Argentine and Brazilian economies and suggests potential solutions to currency and investment issues in Brazil. Time Stamp References:0:00 - Introductions0:33 - Bullish Technicals2:45 - Confirmation Levels6:00 - Majors & Mine Reserves9:23 - Miners Diversifying?11:32 - Mining Seasonality13:26 - Capital Rotation16:24 - Setup For Silver Miners18:00 - India Silver Imports19:38 - Fundamentals Vs. Technicals23:00 - Commodities to Equity Ratio28:23 - Commodities & Inflation33:20 - U.S. Bond Issuances38:10 - Inverted Yield Curve41:30 - Recession & Soft Landings43:45 - Politics in Argentina49:08 - Inflationary Eras51:38 - Wrap Up Talking Points From This Episode Tavi discusses the opportunity for investors in the metals and mining industry. Macroeconomic developments and market changes indicate a potential recession in the near future, and further inflation appears to remain an issue. The cost of capital will be an important question if inflation remains high, and that in five to ten years, the changes in the market will be more obvious. ► Twitter: https://twitter.com/TaviCosta► Twitter: https://twitter.com/Crescat_Capital► Website https://crescat.net► Instagram: https://www.instagram.com/tavicostamacro/ Otavio ("Tavi") Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the U.S. economic cycle through a combination of 16 factors. His research is regularly featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil, and fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

On the quick trip to Beaver Creek, I had the opportunity to moderate a panel titled, "Tools for the Modern Junior Mining Investor." Thank you again to the Levental family, Misha and Jessica, for hosting me and for the chance to speak with Tavi, Emily and Steven for a great conversation about the State of the Junior Mining Market, as well as the tools for the modern junior mining investor. We cover everything here at Planet MicroCap and I was grateful to be in-person to get first hand accounts and sentiment in the space. Tavi Costa, Crescat Capital: https://www.crescat.net/ Emily King, Prospector Portal: https://www.prospectorportal.com/ Steven De Jong: https://vrify.com/ Today's episode is sponsored by: Stream by AlphaSense, an expert interview transcript library that integrates AI-generated call summaries and NLP search technology so their clients can quickly pinpoint the most critical insights. Start your FREE trial on their website: https://streamrg.co/PMC Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the SNN Network YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, The Official MicroCap News Source, and the Planet MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

Interview recorded - 18th of September, 2023On this episode of the WTFinance podcast I had the pleasure of speaking with Tavi Costa - Partner and Portfolio manager of Crescat Capital.During our conversation we spoke about what Tavi is currently watching, the potential macroeconomic shift, what this means for current portfolio, assets which will perform during this period and more!0:00 - Introduction2:01 - What is Tavi watching in markets?6:44 - Macroeconomic shift that is occurring?11:20 - Are markets underestimating shift or could things go back to norm?18:42 - Why will value investors work this time?24:19 - What alternatives to the 60/40 portfolio?30:05 - How does Tavi invest in miners?37:50 - One message to takeaway from our conversation?Tavi is a Member and Macro Strategist at Crescat Capital and has been with the firm since 2013. He is responsible for developing Crescat's macro models as part of our thematic investment process. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, Reuters, Yahoo Finance, Real Vision, and others. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.Tavi Costa - Twitter - https://twitter.com/tavicosta?lang=enCrescat - https://www.crescat.net/Instagram - https://www.instagram.com/tavicostamacro/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Tavi Costa, portfolio manager at Crescat Capital, joins Maggie Lake to discuss his views on the U.S. debt deficit, the forces influencing Treasury yields and September's rate decision, why the Fed is backed into a corner, and the setup for precious metals.You can find more of Tavi's work here: www.crescat.net Learn more about your ad choices. Visit podcastchoices.com/adchoices

With current market conditions signaling potential macro headwinds, it's crucial to fortify your portfolio against negative returns. Tavi Costa, portfolio manager at Crescat Capital, joins Real Vision's Maggie Lake to share how to navigate this inflationary era and mitigate risks associated with historically high valuations. Join Rick Rule in person at the Rule Symposium on Natural Resource Investing in Florida, July 23-27. Access to industry insiders: elite bullion dealers, gold council members, and uranium pros. In-person and virtual seats available at http://realvision.com/rick Learn more about your ad choices. Visit podcastchoices.com/adchoices

Tavi Costa, partner and portfolio manager at Crescat Capital, joins the Gold Exchange to dive into the current state of the markets, discussing the potential risks and opportunities ahead. From overpriced equities to concerns in commercial real estate and private equity, this episode explores the underlying factors that could impact investment strategies. A lighting round at the end of the episode gives Tavi and Keith a chance to share their views on a host of commodities, currencies, and more!

SBTV spoke with Tavi Costa, partner and portfolio manager at Crescat Capital, about the inverted yield curve and the prospect of more bank failures ahead. Tavi believes we are in the early stages of a new gold cycle. He sees silver as the better buy.

He is a partner and portfolio manager of Crescat Capital. Tavi's research has been featured multiple times in financial publications such as Bloomberg, The Wall Street Journal, CNN, Financial Post, The Globe and Mail, Real Vision, Reuters. We discuss history & where he believes gold is heading. Let me know what you think Text me 587-217-8500 Substack:https://open.substack.com/pub/shaunnewmanpodcast Patreon: www.patreon.com/ShaunNewmanPodcast

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/  We are live every Tuesday at 1.30pm E / 10.30am P. Otavio Costa is the portfolio manager at Crescat Capital and has been with the firm for 6 years. “Tavi” built Crescat's macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. www.crescat.net/ Twitter: https://twitter.com/TaviCosta About Jake: Journalytic Jake is a partner at Farnam Street: http://farnam-street.com/vah Jake's podcast: https://twitter.com/5_GQs Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l About Bill: Bill runs Sullimar Capital Group, a family investment firm. Bill's website: https://sullimarcapital.group/ Bill's Twitter: @BillBrewsterSCG ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam.

With the debt ceiling showdown over, the markets are breathing a sigh of relief. But should they? Today's guest, Tavi Costa of Crescat Capital, is concerned that the wave of mandatory debt issuance in the coming months could prove much more disruptive than investors are prepared for given today's adverse macro environment. To find out why and how he recommends protecting your portfolio from this disruption, we'll ask the man himself. Follow Tavi at https://www.crescat.net/ Or on Twitter @tavicosta ************************************************* At Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There's no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis. Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion's endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: ⁠⁠⁠⁠⁠https://www.wealthion.com/⁠⁠⁠⁠⁠ Subscribe to our YouTube channel: ⁠⁠⁠⁠⁠https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1⁠⁠⁠⁠⁠ Follow Adam on Twitter: ⁠⁠⁠⁠⁠https://twitter.com/menlobear⁠⁠⁠⁠⁠ Follow us on Facebook: ⁠⁠⁠⁠⁠https://www.facebook.com/Wealthion-109680281218040⁠⁠⁠⁠⁠ #stockmarketinvesting2023 #recessionproofyourfinances #commoditiesinvesting ************************************************* IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

Tavi Costa of Crescat Capital tweeted the following important gold vs US debt chart stating, "Investors often use the 1940s period as a compelling historical analogy to today given the severity of the current US debt to GDP problem." However, there is one major distinction that is often ignored. During that time (around World War II), the US dollar was effectively tied to gold prices, making the metal an unfeasible investment alternative. Today, with prices unpegged, it is highly probable that capital will divert away from US Treasuries and flow into gold.

On today's episode, Clay Finck brings back Tavi Costa to chat about the beginning of a commodity supercycle. Tavi gives a masterclass in why we are just in the beginning phases of a bull market for gold, silver, and hard assets like commodities. Tavi is a partner and portfolio manager at Crescat Capital. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CNN, among others.IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.03:31 - Why Tavi believes we're just at the beginning phases of a bull market for gold, silver, and hard assets like commodities.09:47- When the next wave of inflation may strike.21:21 - What the 4 pillars of inflation are, and why they all point to structurally higher inflation going forward.21:44 - Why the S&P 500's earnings are likely to roll over and decline in the near term.37:40 - Why yield curve inversions are bullish for gold relative to equities.51:09 - Why foreign countries are selling US treasuries to buy gold.83:19 - Where Tavi sees asymmetric opportunities in the gold mining industry.83:27 - Why Tavi is bullish on Brazil and sees Brazil much differently than the other BRICS nations.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out Crescat Capital.Check out our newly released TIP Mastermind Community.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video here.Follow Tavi on Twitter.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSHave peace of mind knowing River holds Bitcoin in multi-sig cold storage with 100% full reserves.Join over 5k investors in the data security revolution with Atakama.Easily diversify beyond stocks and bonds, and build wealth through streamlined CRE investing with EquityMultiple.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.What does happen when money and big feelings mix? Tune in to find out on the new podcast, Open Money, presented by Servus Credit Union.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Invest your retirement savings in what YOU know and are passionate about with a Self-Directed IRA with New Direction Trust Company.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Send, spend, and receive money around the world easily with Wise.Beat FOMO and move faster than the market with AlphaSense.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Maggie Lake is joined by Tavi Costa, portfolio manager at Crescat Capital, to discuss why he believes the U.S. is headed towards a recession, what the Fed will do next to combat inflation, how AI will impact growth, and why certain commodities are setup for a long-term cycle of demand. You can find more of Tavi's work here:  https://www.crescat.net Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hey Guys! This episode, we hear from Tavi Costa, portfolio manager at Crescat Capital, and get his insights into the precious metals industry. Tavi talks about the importance of precious metals CAPEX and explains how the demand for precious metals, specifically gold, affects the industry. He also discusses the differing opinions of gold bears. Tavi shares his thoughts on the inflation super cycle and how it impacts investing criteria. He also talks about identifying mistakes and valuing precious metals equities. [0:00] Who is Tavi Costa? [6:00] Precious Metals CAPEX [22:00] PM Demand: The Use of Gold [33:00] Gold Bears [40:00] The Inflation Super Cycle [50:00] Investing Criteria [59:00] Identifying Mistakes [1:08:00] Valuing PM Equities [1:19:00] More from Tavi Costa and Closing Questions If you enjoyed this podcast, please check out Otavio on Twitter @TaviCosta and read his latest research at Crescat Capital. Finally, thanks to the following sponsors for making the podcast a reality! Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns to support MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. I highly recommend the site for those looking to start a stock-picking fund or learn how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, all from those who know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR daily in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. --- Support this podcast: https://podcasters.spotify.com/pod/show/valuehive/support

Tom welcomes back Tavi Costa of Crescat Capital to the show. Tavi discusses how debt is squeezing the margins of companies and earnings are becoming increasingly problematic. Many believe the issues have been resolved, but mis-marking of balance sheets is affecting numerous sectors, such as banking, commercial real estate, and junk bonds. Yields are rising due to excessive debt issuance over recent years and the most aggressive fiscal policy relative to unemployment. With conflicting policies, it's hard to see gold not doing well in this environment. Oil markets and energy remain tight due to a dearth of capital spending and the use of strategic reserves by governments. Everyone is now worrying about liquidity, and it appears likely the Fed will have to intervene at some point. Commodity businesses related to precious metals, particularly exploration and development, are trading at historically undervalued levels. This is setting up what might well be one of the best times to invest in the gold space, as the market is yet to understand the resource sector. Numerous companies with major discoveries are still trading at suppressed levels, offering a great opportunity. Time Stamp References:0:00 - Introduction0:45 - Rates, Debt & Consequences6:50 - Factors to Consider14:30 - Central Bank Reserves18:30 - Bond Performance26:00 - Energy & Investment Themes33:00 - Explorers & Producers40:00 - Capital Positioning45:30 - Other Metals52:00 - Wrap Up Guest Links:► Twitter: https://twitter.com/TaviCosta► Twitter: https://twitter.com/Crescat_Capital► Website https://crescat.net► Instagram: https://www.instagram.com/tavicostamacro/ Talking Points From This Episode:► Outlook for the economy in an ever increasing debt system.► Lack of capital expenditures in resources will exacerbate problems in energy and metals.► Resource companies with solid fundamentals continue to trade at historic undervaluations. Otavio ("Tavi") Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the U.S. economic cycle through a combination of 16 factors. His research is regularly featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil, and fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in Finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

"There a lot of themes in the global macro world right now that are firming up for precious metals," says Otavio "Tavi" Costa, portfolio manager for Crescat Capital. "We've really had five very bad decades for the stock market throughout history and I think we're going to have another one here," he tells Daniela Cambone at the 2023 Swiss Mining Institute annual conference. "There will be a 'Great Rotation,' basically a domino effect of things like interest rates being higher," Costa continues. "We are very concerned about private equity markets, mega caps, and the corporate bond," he exclaims. "A yield-curve inversion is one of the best indicators that precedes a recession," Costa argues. "On the long side, metals and mining are where you want to be," he continues. "Given the level of imbalances we have in the global economy, not just the U.S., it's hard to believe we are not going to see more things unfold," Costa says. "There's going to be a lot of readjustments of prices of fundamentals from here," he concludes.

U.S. equities were relatively unchanged, but apparently they missed the message from the bond market. Across the board, U.S. Treasury yields are now over 4%, with a confluence of economic data in the States and Europe muddying the macro picture. Maggie Lake is joined by Tavi Costa, partner and portfolio manager at Crescat Capital, to hear why he believes this is the beginning of an exciting period for macro and value investors. Plus, we'll also hear from Andreas on what persistent services inflation means for the U.S. and the rest of the world. Watch that entire interview here: https://rvtv.io/3J3ny3I. And you can check out more from Tavi here: https://www.crescat.net. Learn more about your ad choices. Visit podcastchoices.com/adchoices

IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro02:34 - Why Tavi thinks the era of easy money is over and value investing is coming back. 02:34 - Why Tavi thinks we are entering an inflationary decade and the four pillars of inflation driving this thesis. 12:15 - His thoughts on the energy sector and if it will continue to have a third strong year? 12:15 - The composition of his portfolio, including his long positions and which parts of the market he has short positions on right now. 27:49 - Why Tavi believes we are in a new commodity bull cycle. 42:31 - His thoughts and outlook on the mining, energy, uranium, and agricultural sectors. 42:31 - The reasons behind why Tavi is most bullish on the mining sector. 42:20 - His thoughts on the Uranium sector. 39:33 - His checklist for finding great investments in the mining sector. And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out: Crescat Capital. Related Episode: Listen to MI162: Is Now the Time to Own Gold? w/ Tavi Costa, or watch the video.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try Robert and Rebecca's favorite tool for picking stock winners and managing our portfolios: TIP Finance.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Get personalized, expert advice that helps you see things clearly with ATB.Save time and money on your rental property insurance with Steadily. Get a commitment-free quote today.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Thanks to rising interest rates artificially driving down the prices of even the best assets, Fundrise expects 2023 to be one of the most opportune real estate investing environments of the last decade. Take advantage of this unique investing environment.Support our free podcast by supporting our sponsors.Connect with Tavi: Twitter | LinkedIn Connect with Rebecca: Twitter | Instagram See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Joe Biden is delivering a Christmas address. What is his message, and his warning about dangerous winter storms bearing down across the country? Congress has approved $1.7 trillion to fund the government for next year. The Senate barely garnered enough votes to push it through—with most Republicans opposed. Rep. Byron Donalds (R-Fla.) joins us to weigh in on the economic outlook for the U.S. economy heading into 2023. What does he also say about the collapse of crypto giant FTX and what it means for the industry going forward? Tavi Costa, economy expert and partner from Crescat Capital, joins us to assess key indicators that determine the fate of the economy. With several Twitter Files installments now released, the FBI is striking back. The agency says conspiracy theorists are discrediting its reputation. The average life expectancy for Americans has dropped to the lowest in 25 years. ⭕️ Watch in-depth videos based on Truth & Tradition at Epoch TV

Historic protests over the weekend have pushed President Xi Jinping into perhaps the most uncomfortable position of his tenure, as China's continuing struggle with COVID-19 restrictions weighed on market sentiment ahead of Monday's open. All three major U.S. equity indexes were down more than 1% heading into the close, while investors sought safety in government bonds. Already skeptical of the recent rally, in his most recent research note Tavi Costa shared ample evidence a recession is imminent. Tavi, a portfolio manager at Crescat Capital, joins Maggie Lake for today's Daily Briefing to assess the global implications of growing domestic unrest over China's lockdowns, to explain why we should be paying attention to the U.S. Treasury yield curve, and to identify a potentially highly profitable macro trade for the next two years. We also hear from Victor Shih about the future of China's relationship with the rest of the world. Watch the full conversation between Victor Shih and Maggie Lake here: rvtv.io/3W0wYBt. Learn more about your ad choices. Visit megaphone.fm/adchoices

The signs the global economy is heading into recession continue to mount. If you haven't seen them, you're about to. Tavi Costa of Crescat Capital has put together a chart series that visualizes the economic slowdown clearly. And on the day we recorded this interview, Bloomberg Economics revealed its models now predict a 100% probability that a recession will hit within the next 12 months. So how bad will it get? What will the impact be on markets? And are there opportunities for investors to protect and possibly prudently grow their wealth as the recession unfolds? We'll get Tavi's answers to all of those questions. https://youtu.be/0AfoFnBpPkg

Tom welcomes back Tavi Costa of Crescat Capital to the show. Palisade Radio Links:► Rumble: https://rumble.com/c/c-1586024► Odysee: https://odysee.com/@PalisadesGoldRadio:c Tavi believes we are witnessing an unprecedented economic environment. One with massive withdrawal of liquidity from central banks and developed economies. Interest rates and bonds are collapsing across the entire curve. The dollar's move up has also been relentless. What is occurring is unsustainable. Tavi discusses how the world's economies have fallen into three different categories. Labor markets are likely the next sector to be impacted, and it will be more severe than the Fed expects. During the 1970s, after two years of high inflation, the labor market was hit hard. We may be seeing the beginning of this with jobless claims and layoffs. Savings rates are at historical lows, while mortgage costs are rising. Things are likely to remain in a fragile state indefinitely. Tavi believes a blow off in corporate debt will be necessary to see a policy change by the Fed. Credit spreads are still sub two percent. We have yet to see the risk of default be priced in the market. Many tech equities are near March 2020 lows, and there are likely to still be some big flushes in the market. There is quite a bit of opportunity in resources given what is happening now. There is a lot of going against the oil markets today, and the economy is now in contraction. Prices are reflecting tightness in the available supply. The energy sector has some good values and investors should consider holding a basket of commodities. Value investors should also be looking for sectors that have a lot of negative sentiment. We've seen a secular decline in geosciences enrollment across the globe. This will affect natural resource companies. Gold continues to hold up quite well when compared with most sectors. We're entering a different regime that favors tangible assets. Numerous correlations that used to be meaningful no longer work. Developing countries like Brazil are performing better than the West. Commodity led economies will be key in coming years as the balance of global power change. Tavi cautions that a total breakdown in markets is coming and that impact everything. Look for value and shift your portfolio as necessary. The buy the dip mentality which has worked in the past is probably a bad plan. Be careful with technical oversold indicators, as the fundamentals indicate a trend lower. Macro factors will likely be more important in the next phase of the global economy. Time Stamp References:0:00 - Introduction0:49 - The Macro Picture5:18 - U.S. Job Numbers9:08 - Corporate Earnings13:18 - Recession & Deficits17:46 - Energy Thoughts22:00 - Basket of Commodities26:09 - Energy & Metals Cycles29:30 - Producer Margins37:32 - Correlations Breaking41:36 - Silver & Price Spike45:27 - Crescat Funds49:17 - Wrap Up Guest Links:► Twitter: https://twitter.com/TaviCosta► Twitter: https://twitter.com/Crescat_Capital► Website https://crescat.net► Instagram: https://www.instagram.com/tavicostamacro/ Talking Points From This Episode:► The global macro picture and why volatility will persist.► Energy markets outlook and the importance of holding a basket of commodities.► Patterns are shifting and many correlations are no longer useful.► Protecting and building wealth in this environment. Otavio ("Tavi") Costa is a Member and Portfolio Manager at Crescat Capital and has been with the firm since 2013. He built Crescat's macro model that identifies the current stage of the U.S. economic cycle through a combination of 16 factors. His research is regularly featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, and Reuters. Tavi is a native of São Paulo, Brazil, and fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products a...

Mere hours after the Federal Reserve announced a third consecutive 75 basis point rate hike and reiterated its commitment to bringing inflation back to its 2% target, the Bank of Japan stuck to its ultra-low interest rate policy and intervened in foreign-exchange markets on behalf of the Japanese yen for the first time since 1998. Weston Nakamura joins Andreas Steno Larsen at the top of today's Daily Briefing to talk about the danger this policy divergence poses to the global financial system. Could we be on the verge of a currency war in reverse? Then, Andreas welcomes Tavi Costa, a partner and a portfolio manager at Crescat Capital, to talk about how to position for what Tavi recently described as “a vicious stagflationary environment.” We also hear from Nancy Davis and Kris Sidial about how to hedge downside risk amid rising volatility. Watch the full conversation featuring Nancy and Kris here: https://f.io/gHuRgo0F. Learn more about your ad choices. Visit megaphone.fm/adchoices

For this episode of the Planet MicroCap Podcast, I'm sharing with you the live Planet MicroCap Podcast panel I hosted at the Precious Metals Summit in Beaver Creek recorded last week. Joining me for this panel was Dr. Nicole Adshead-Bell, President at Cupel Advisory, Jamie Holman, Portfolio Manager at Merk Investments and Tavi Costa, Partner and Portfolio Manager at Crescat Capital. The original theme for the panel was "Pro Tips on Investing in Junior Miners", which we do answer, but the overall take home message from the live audience was our discussion about the Mining industry's PR problem. We unpack why mining has such a bad reputation with the average retail investor, why the negative sentiment in mining right now feels very different than past troughs, as well as what the mining industry needs to do to push back against the perception that mining is bad. My three guests are very experienced professional investors in mining, and wherever you land on the spectrum in terms of mining or precious metals in your portfolio, I think you will really appreciate their insights on this topic. Also, special thank you to the entire team at the Precious Metals Summit and the Levental Family for your hospitality and hosting one of the best MicroCap events on the calendar. For more information about Dr. Nicole Adshead-Bell and Cupel Advisory, please visit: https://www.cupeladvisory.com/ For more information about Tavi Costa and Crescat Capital, please visit: https://www.crescat.net/ For more information about Jamie Holman and Merk Investments, please visit: https://www.merkinvestments.com/index.php Today's episode is sponsored by: Stream by AlphaSense, an expert interview transcript library that integrates AI-generated call summaries and NLP search technology so their clients can quickly pinpoint the most critical insights. Start your FREE trial on their website: https://streamrg.co/PMC Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the SNN Network YouTube channel. I've provided the link in the description if you'd like to subscribe. You'll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, publishers of www.SNN.Network, The Official MicroCap News Source, and the MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft  

Stocks are sliding and bonds are rallying, as investors react to accumulating evidence that inflation will persist even though the economy is slowing down. There's a word for that kind of scenario: stagflation. “The Fed is facing one of the worst predicaments of its existence,” tweeted Tavi Costa. “The US economy simply cannot handle the Fed's continued monetary tightening." Costa, a partner and portfolio manager at Crescat Capital, joins Real Vision's Ash Bennington to talk about the confluence of three macro extremes. We also hear from Hari Krishnan about how there may not be a solution for the Federal Reserve's dilemma. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3AklJeO. Watch the full conversation featuring Hari Krishnan and Ash Bennington here: https://rvtv.io/3QUWOnVhttps://rvtv.io/3xYSJG. Learn more about your ad choices. Visit megaphone.fm/adchoices

IN THIS EPISODE, YOU'LL LEARN: 01:52 - Why Tavi believes that now is the time to own gold, silver, and commodities.07:04 - What the potential catalysts are for a move to the upside for gold and silver.09:23 - How investors can think about valuing gold.12:27 - The leading metric Tavi looks at in determining where we are in the gold and commodity cycles.41:15 - Why Tavi is bullish on commodities.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESCheck out Crescat Capital's Research.Follow Tavi on Twitter.Robert and Clay's tool for picking stock winners and managing our portfolios: TIP Finance.Related episode: MI068: Investing In Commodities w/ David Morgan.Related episode: MI141: Studying Financial History w/ Ken Winans.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Invest in crypto and trade it without tax headaches with AltoIRA.Protect your family with Fabric Insurance's term life insurance now, in just 10 minutes.Enjoy a simple, good tasting supplement that truly improves your health with Field of Greens! Get 15% off your first order and get another 10% off when you subscribe for recurring order with the promo code MILLENNIAL.Check out Titan if you want to aim to become the smartest, wealthiest investor you've ever been. Get $50 when you invest today.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Design is already in your hands with Canva. Start designing for free today.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything.Read this episode's transcript and full show notes on our website.Connect with Tavi: Website | TwitterConnect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.