The Contrarian Capitalist Podcast

Today’s episode features Giacomo Prandelli of the popular The Merchant's News newsletter on Substack. Giacomo Prandelli is a commodity analyst and geopolitical strategist who connects energy market movements with global events.3 things we discuss:* Oil prices fell, but supply is still tight. Jack explains what Hormuz exposed and how refilling strategic reserves could support crude demand.* Europe faces tougher competition for LNG. Jack looks at what happens when European and Asian buyers chase the same cargoes this winter.* Where Jack sees opportunity in oil and gas. He explains why he’s watching infrastructure companies after a strong run for refiners, and where Canada and Venezuela fit in.Enjoy the full video above on Substack, without YouTube advertising.Listen to the audio podcastSubstack video is abovePrefer YouTube? Watch the interview on YouTube and, if you enjoy the conversation, please give it a like and subscribe to The Contrarian Capitalist.Recorded: 10th November 2026Contact Information & Previous RecordingsYou can connect with Giacomo Prandelli on Substack at The Merchant's News, and also on X and LinkedIn.You can listen to our previous from December 2025 and March 2026 below:Enjoying The Contrarian Capitalist?Our interviews are free because independent perspectives should be accessible to everyone.Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

Today’s podcast guest is Tavi Costa, Founder and CEO of Azuria Capital LLC.Macro investor and mining entrepreneur, significant investor in the acquisition of San Cristobal Mining, the world’s 4th largest silver mine. Recognized globally for macro research, featured by The Wall Street Journal, Bloomberg, and the IMF.3 things Tavi discusses:* Why silver miners over copper miners?* Correction or the end of the bull market?* Why buy during the weakness?Enjoy the full video above on Substack, without YouTube advertising.Listen to the audio podcastSubstack video is abovePrefer YouTube? Watch the interview on YouTube and please give it a like and subscribe to The Contrarian Capitalist.Recorded: 5th November 2026Contact Information & Previous RecordingYou can connect with Tavi Costa on SubstackOn XOn LinkedIn and also Azuria Capital on LinkedInFor accredited and qualified investors that want to know more about the fund, then please e-mail Tavi at [email protected] - Please mention The Contrarian CapitalistEnjoying The Contrarian Capitalist?Our interviews are free because independent perspectives should be accessible to everyone.Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

This Wednesday 4th November 2026 Mid-Week Macro is sponsored by Norsemont Mining.Norsemont Mining Inc. (CSE: NOM | OTC: NRRSF | FRA: LXZ1) owns the Choquelimpie Project - a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

Today’s podcast guest is Trader Ferg, a true Contrarian who has been a ‘‘Full-time trader for 9 years’’ and who has a ‘‘habit of hanging out in hated corners of the market that are uninvestable".3 things we discuss:* Asia’s Coal Comeback: Why energy security and the LNG crisis could reignite demand for thermal coal.* Shell & Energy Opportunities: Long-dated options, oil services and the investment opportunities emerging from global energy disruption.* Where Asia’s $1.8 Trillion Surplus Goes Next: Gold, emerging markets and the power of dividends and shareholder yield.Enjoy the full video above on Substack, without YouTube advertising.Listen to the audio podcastSubstack video is abovePrefer YouTube? Watch the interview on YouTube and, if you enjoy the conversation, please give it a like and subscribe to The Contrarian Capitalist.Recorded: 3rd November 2026Contact Information & Previous RecordingsYou can find Trader Ferg on Substack and X.You can listen to our previous conversations below.Enjoying The Contrarian Capitalist?Our interviews are free because independent perspectives should be accessible to everyone.Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are those of the participant(s) and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

Today’s podcast guest is Northstar Badcharts co-founder Patrick Karim.3 things we discuss:* Oil’s next big move: Patrick explains the 18-year pattern behind his bullish outlook and why a confirmed breakout could open a path towards $175–$200.* Why silver needs time: Its long-term uptrend remains intact, but Patrick wants to see a new base before identifying another attractive entry.* Following the rotation: Oil versus silver, oil versus copper and Shell versus precious metals miners reveal where Patrick sees relative strength developing.Enjoy the full video above on Substack, without YouTube advertising.Listen to the audio podcastSubstack video is abovePrefer YouTube? Watch the interview on YouTube and, if you enjoy the conversation, please give it a like and subscribe to The Contrarian Capitalist.Recorded: 3rd November 2026Contact Information & Previous RecordingsYou can connect with Patrick on X, on Substack at Patrick Karim and for deep dive analysis, please visit the NorthstarBadcharts website. Patrick offers viewers 50% off recurring membership using the code ‘soundmoney’. Please mention The Contrarian Capitalist.Previous recordings:Enjoying The Contrarian Capitalist?Our interviews are free because independent perspectives should be accessible to everyone.Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

Welcome to the Monthly Wrap for October 2026 with The Contrarian Capitalist and Tom Bradshaw, author of Beyond the Headlines.5 small bits of housekeeping1 - This video was recorded on Saturday 31st October 20262 - The chart deck was inserted on Friday 30th October 2026 after market close.3 - Please do continue to provide feedback4 - NB - None of this is to be constituted as investment or trading advice. We are NOT financial advisors.5 - Please subscribe to both The Contrarian Capitalist and Tom Bradshaw using the buttons below.The Contrarian CapitalistTom Bradshaw/Beyond the HeadlinesTom Bradshaw LinkedInFull Chart Deck & 9 Key Takeaways (Bullet pointed & AI generated for those that don’t have time to watch the whole video)1 - Why WTI crude oil could target $147 following a technical breakout2 - The implications of higher oil prices for inflation and Federal Reserve policy3 - Why European natural gas surged during October4 - Gold’s correction and Tom’s $2,800 downside scenario5 - Silver at $28–$30: historical valuations, technical support and potential buying opportunities6 - Copper’s resilience and the possibility of a developing market top7 - Whether the S&P 500 and Nasdaq have another rally ahead8 - AI-related market risks and changing investor sentiment9 - The US dollar, Treasury yields and recession concerns This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

Today’s podcast guest is Eric Yeung. Geopolitical and economic effects on Precious Metals and commodities. Not financial advice. Opinions are my own.3 things we discuss:1. Physical metals as collateral. Eric discusses how developments at the London Metal Exchange could allow metals to support financing and liquidity, and why he believes gold and silver could eventually follow.2. Hong Kong, China and the Renminbi. His central argument is that collateralising physical gold could help China expand the international use of its currency, with Hong Kong playing an important role.3. A new monetary role for gold and silver. Eric argues that precious metals could become more valuable to institutions if they can be used to obtain liquidity without being sold. He also gives medium-to-long-term price scenarios of $7,000–$8,000 gold and $120–$200 silver, while warning about near-term weakness.Enjoy the full video above on Substack, without YouTube advertising.Listen to the audio podcastSubstack video is abovePrefer YouTube? Watch the interview on YouTube and, if you enjoy the conversation, please give it a like and subscribe to The Contrarian Capitalist.Recorded: 29th October 2026The piece with Eric Yeung and VBL can be found below:Contact Information & Previous RecordingsYou can follow Eric on X or on Substack at Eric YeungEnjoying The Contrarian Capitalist?Our interviews are free because independent perspectives should be accessible to everyone.Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions.Other Posts/Notes of Interesthttps://x.com/kingkong9888/status/2115808274440495158https://x.com/kingkong9888/status/2115784394380280064EXCLUSIVE: LME plans metal tokens push tied to Hong Kong's 5-year plan, sources say | ReutersMKS PAMP weighs opening a Hong Kong vault | 無綫新聞 TVB Newshttps://x.com/makegoldgreat/status/2113576643965091914https://x.com/silvertrade/status/2113675567916863520https://x.com/kobeissiletter/status/2101799240104095924https://x.com/globalmktobserv/status/2114644763605450763https://x.com/hormuzletter/status/2113696804046799215 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

This Wednesday 28th October 2026 Mid-Week Macro is sponsored by Norsemont Mining.Norsemont Mining Inc. (CSE: NOM | OTC: NRRSF | FRA: LXZ1) owns the Choquelimpie Project - a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction.This Mid-Week Macro is also sponsored by Adam Fayed.Adam Fayed and his team help clients worldwide with retirement planning, investments, property, tax strategies, trusts, insurance and Plan B.Book your free no-obligation 1-hour consultation today using the button below and gain clarity on your financial strategy. Please mention The Contrarian Capitalist when you book!NB - This is not an affiliate linkMid-week Polymarket marketThe Anthropic IPO is going to be huge!Use the buttons below to explore Battle Bank and some of its offerings, including a High Yield Cash account, bullion and much more.Please do mention The Contrarian Capitalist when liaising with Battle Bank. Please read the disclosures at the bottom of this post.Enjoying The Contrarian Capitalist?Our interviews are free because independent perspectives should be accessible to everyone.Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions.Required disclosures· Affiliate compensation - We may receive compensation from Battle Bank if you click on our links and open an account or use certain banking products. This compensation comes at no additional cost to you.· Foreign Currency - FDIC insurance protects your deposit if the bank fails. It does not protect against changes in foreign currency exchange rates or declines in the value of the currency you hold.· Non-FDIC insured precious metals - Precious metals are not FDIC insured, are not bank guaranteed, and are subject to market risk, including possible loss of principal.· $30 ATM reimbursement - ATM fee reimbursements of up to $30 per month are available to clients who maintain a minimum average daily balance of $5,000.· $5 monthly fee - $5 monthly fee daily average monthly balance of $5,000 or more – High Yield Cash Account only (standard) This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

This Wednesday 21st October 2026 Mid-Week Macro is sponsored by Norsemont Mining.Norsemont Mining Inc. (CSE: NOM | OTC: NRRSF | FRA: LXZ1) owns the Choquelimpie Project - a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction.Adam Fayed and I will be doing another webinar on Tuesday 27th October 2026. FREE Webinar Registration Below.This Mid-Week Macro is also sponsored by Adam Fayed.Adam Fayed and his team help clients worldwide with retirement planning, investments, property, tax strategies, trusts, insurance and Plan B.Book your free no-obligation 1-hour consultation today using the button below and gain clarity on your financial strategy. Please mention The Contrarian Capitalist when you book!NB - This is not an affiliate linkMid-week Polymarket marketI’d recommend having a look at the excellent an interactive 2026 Midterm Elections predictions & odds on PolymarketThe Rule Symposium 2026 might have been and gone but you can still get access to all of the recordings, up until 31st December 2026.NB - This is an affiliate link and if you chose to buy a virtual ticket then The Contrarian Capitalist will be compensated by Rule Symposium.GoldCore is an international precious metals specialist, offering secure access to physical gold and silver through one of the world’s most robust vaulting and logistics networks.NB - This is an affiliate link and if you chose to store your metals with GoldCore then you will also be helping The Contrarian Capitalist. I do have holdings with GoldCore and can hand on heart say that they do a very good job.Paid subscribers receive high conviction commodity research, weekly macro and commodity wraps with clear traffic light signals, and early access to podcasts and bonus insights.The goal is simple: help you protect capital, understand the real forces driving markets, and identify asymmetric opportunities before they become mainstream.Starting at just $9.17 per month (less than a couple of coffees), it’s cracking value to protect your wealth, defend your freedom and outsmart the system.DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions.Posts to ReadJapan’s Electricity Prices Surge 25% As LNG And Coal Costs SoarBolivia’s Energy Crisis Deepens As Natural Gas Reserves Run Dry This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe

Today’s podcast guest is Ben Kelleran, Investor, speculator, and occasional degenerate gambler in the markets. CPA and recovering Big 4 auditor.AUDIO IS AVAILABLE HEREPlease LIKE, SHARE AND SUBSCRIBE TO THE CONTRARIAN CAPITALISTNB - Recorded on 20th October 2026 PM U.S. Time10 Key Points from this conversation:* AI CapEx cycle exceeds past infrastructure booms and relies on opaque, illiquid funding that risks a sharp dry-up.* Circular financing (e.g., Nvidia-CoreWeave ties) and growth-at-all-costs incentives create a potential financial train wreck.* AI tools are genuinely useful but heavily subsidized; true unsubsidized prices would be far higher.* Gold, silver and commodities are likely higher over 10 years as inflation hedges; AI persists after a major washout.* Real inflation runs 7–15%; fiat debasement favors physical metals over current bond yields.* Expect yield-curve control and experimentation before bonds become attractive at much higher rates.* Western governments appear at odds with native populations via mass immigration patterns.* France (and similar) unrest stems from non-assimilating inflows prioritizing handouts over host interests.* US midterms risk low Republican turnout if Trump-era promises go unmet; focus shifts to local politics.* Prioritize local impact, side businesses and mental breaks from social media over federal-level fixes.Contact Information & Previous RecordingsPlease connect with Ben Kelleran at Kontrarian Korner on Substack.Or on XTake control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.Starting at just $9.17 per month (less than a couple of coffees), it’s exceptional value to protect your wealth, defend your freedom and outsmart the system.Thank you for being part of The Contrarian Capitalist community!DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe