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Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference John Feneck of Feneck Consulting joins Darrell to discuss the recent volatility across gold, silver, energy and mining equities. John explains why he still sees value in beaten-down junior miners, where he is finding opportunities across gold and silver developers, and why he believes M&A could become a bigger driver for the sector. He also discusses silver’s recent correction, the outlook for tungsten and other critical minerals, and why sharp selloffs can create opportunities for investors willing to look beyond short-term price action. John's links: https://x.com/FeneckConsult https://www.feneckconsulting.com/ Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 How John is positioning after the selloff 1:19 Why silver remains his largest holding 2:06 The disconnect in junior gold miners 3:56 What drove the latest metals rally? 8:17 John’s outlook for oil and energy 9:54 Where he sees value in gold miners 12:26 Why Mexico is getting more interesting 15:09 John’s outlook for silver 16:29 Silver stocks he is watching 20:03 Why low-cost silver projects stand out 20:29 What changed in tungsten 23:30 Opportunities in U.S. critical minerals 25:38 Where to follow John Feneck Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Peter Schiff, Chief Economist & Global Strategist at Euro Pacific Asset Management and founder of SchiffGold, joins Darrell to discuss the recent pullback in gold, silver, and mining stocks and why he still sees the weakness as a buying opportunity. Peter explains why rising government debt and bond yields remain central to his bearish outlook on the dollar, discusses how a possible shift in control of Congress could affect deficits and inflation, and shares his outlook for oil and energy. He also weighs in on government investment in mining companies, the risks building around AI and its financing needs, and why copper, uranium, precious metals, and international resource equities remain areas he is watching closely. Peter's links: https://x.com/PeterSchiff https://europac.com/ https://www.schiffgold.com/ https://www.schiffgold.com/services/start-trading Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Peter’s outlook for gold and silver 2:03 How he handles market volatility 4:09 Why miners still look cheap 4:57 What the midterms could mean for markets 7:07 Why rising yields could trigger a debt crisis 10:05 Peter’s outlook for oil and energy 14:47 Politics, deficits and the economy 19:44 What could happen under a divided Washington 23:02 Can Trump avoid a major downturn? 27:44 Government ownership of mining companies 31:08 Is the AI trade starting to crack? 35:27 Why AI creates a major resource bottleneck 38:04 Peter’s outlook for uranium 39:38 Is it time to buy the AI dip? 40:38 What Peter would sell and buy now Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Chris MacIntosh of Glenorchy Capital joins Darrell to discuss why investing in commodities is becoming more complicated as supply chains, logistics, refining capacity, and geopolitical risk increasingly determine which companies actually benefit from higher prices. Chris explains why his team has been shifting attention toward global trading houses, how shortages in diesel, sulfur and other critical inputs can disrupt miners and fertilizer producers, and why the move from just-in-time to just-in-case inventories could reshape commodity markets. He also discusses energy infrastructure, offshore drilling, capital rotation away from financial assets, and why he still sees opportunity in gold miners and other hard assets. Chris's Links: https://capitalistexploits.at/ https://www.glenorchycapital.net/ Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 How Chris is positioning capital now 1:22 The hidden risks inside commodity investing 3:31 Why higher commodity prices don’t guarantee higher profits 6:04 What went wrong with the fertilizer trade 7:44 Why Chris is buying trading houses 9:39 The shift from just-in-time to just-in-case inventories 14:24 How commodity trading houses actually work 18:48 Why some hard-asset investments still underperform 22:18 Fertilizer shortages and supply-chain bottlenecks 26:21 How geopolitics is changing commodity investing 30:23 Why refinery shortages still matter 33:21 The long-term capital shortage in energy 34:27 Could capital rotate out of AI and into commodities? 38:19 Chris’s outlook for gold and gold miners 40:55 Where to follow Chris MacIntosh Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Patrick Karim of Northstar & Badcharts joins Darrell to examine the technical setup across precious metals, commodities, Bitcoin, the U.S. dollar, and bond yields. Patrick explains why he believes silver and gold are still in correction phases despite their long-term upside, why he waits for confirmed breakouts instead of trying to catch bottoms, and why oil is beginning to form one of the more compelling setups on his charts. Patrick's Links: https://x.com/badcharts1 https://northstarbadcharts.com/ Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Patrick’s silver call from earlier this year 7:57 Is the silver correction over? 14:25 Why gold may need more time 19:16 Key support levels for gold 21:07 Why Patrick is watching oil 28:09 Copper enters a correction 30:30 Where Patrick sees opportunity now 32:28 Bitcoin’s current setup 36:07 What the dollar is signaling 40:11 What falling yields could mean 43:45 Why Patrick remains bearish on long bonds Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Rory Johnston, editor and publisher of Commodity Context and host of the Oil Ground Up podcast, joins Darrell to break down the rapidly changing global oil market. Rory explains what Venezuela’s return means for Canadian crude, why the Permian Basin has not peaked yet, and how refinery outages and geopolitical conflict have created a severe diesel shortage. He also discusses the Strait of Hormuz, Russian diesel exports, the Strategic Petroleum Reserve, and why he believes oil prices could remain elevated before a more bearish market returns later in the decade. Check out Rory's work: https://x.com/Rory_Johnston https://www.commoditycontext.com/ Oil Ground Up Podcast: https://open.spotify.com/show/6TmpuAGFd9FVFCFJdpk2iB https://podcasts.apple.com/us/podcast/oil-ground-up/id1666068669 Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 What Venezuela means for global oil markets 5:12 Heavy crude, refining and diesel 7:44 Has U.S. shale peaked? 11:57 Why diesel is the real energy crisis 16:58 What’s happening in the Strait of Hormuz 24:20 The Russia diesel deal and refinery attacks 28:33 What the SPR can actually do 33:10 Rory’s long-term oil outlook Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Francis Hunt, The Market Sniper, joins Darrell to discuss why he believes the West is moving deeper into a sovereign debt crisis and why rising yields remain central to that thesis. Francis explains his view that higher borrowing costs, refinancing pressure, and capital concentration are creating a dangerous feedback loop across Western economies. He also shares his outlook for oil, gold, silver, hard assets, and why he believes precious metals may be approaching another major opportunity as confidence in debt and fiat currencies deteriorates. https://www.youtube.com/user/TheMarketSniper http://www.themarketsniper.com/ twitter.com/themarketsniper Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why Francis still sees a debt-driven collapse 1:42 Why he expects Treasury yields above 6% 4:42 The growing sovereign debt problem in Europe 7:13 Why Francis remains bearish on Western bonds 10:09 What a Western debt crisis means for everyday people 13:26 The capital squeeze hitting the real economy 16:01 Why energy is central to the inflation problem 20:43 How high could oil go? 24:28 Which hard assets perform best in a debt crisis? 26:43 Why Francis is turning bullish on precious metals again 27:32 The gold-silver ratio signal he is watching 30:48 Why metals pullbacks may be getting shorter 35:33 Why high bond yields may be a trap 36:29 Which countries could fare better in a global crisis? 41:04 Inflation, monetization and financial repression 44:19 Where to follow Francis Hunt Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Matthew Piepenburg of Von Greyerz joins Darrell to discuss why rising sovereign bond yields are becoming one of the clearest signs of a global debt crisis. Matthew explains why higher borrowing costs are pressuring governments, why he believes central banks will ultimately respond with more currency debasement, and why that strengthens the long-term case for gold and other hard assets. Check out Matthew's work at Von Greyerz: vg.gold Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why rising bond yields matter 2:31 The global debt and currency crisis 7:10 Why central banks keep losing control 9:24 Are bond markets overpowering the Fed? 12:15 How debt crises become social crises 16:28 France as a warning for other economies 21:47 Why politics cannot solve the debt problem 28:11 Why Matthew would avoid Treasuries 33:44 Gold-backed bonds and gold revaluation 40:13 What a gold revaluation could mean for silver 45:17 What Matthew would sell right now 47:44 Why hard assets could lead the next cycle 49:26 The risks building inside AI Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Melody Wright, author of the M3 Melody Substack, joins Darrell to discuss the weakening economy, rising Treasury yields, and why she believes the AI data center boom is one of the last major supports holding growth together. Check out Melody's work: https://x.com/m3_melody https://m3melody.substack.com/ Register today for the Above & Beyond Summit: https://abovebeyondsummit.com/index.html Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 Why AI data centers are holding up the economy 4:52 How Melody is positioning right now 6:08 Why energy could be the next major story 8:59 The power problem behind the AI boom 12:00 Melody’s outlook for gold 14:04 Has the Fed lost control of the bond market? 17:09 Inflation, demand destruction and falling prices 19:41 Is the housing market heading for a bigger correction? 24:15 What is driving the rise in foreclosures? 27:36 Why Melody believes housing is oversupplied 30:15 Why she is staying out of equities Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference Andy Schectman, President of Miles Franklin, joins Darrell to discuss how he is positioning across gold, silver, mining shares, natural resources, short-term Treasuries, and other assets. Andy argues that resource equities remain deeply under-owned, points to unusually strong physical delivery activity in gold and silver, and lays out his theory that sophisticated buyers may be accumulating metal while prices remain under pressure. Follow Andy: https://x.com/MilesFranklinCo https://www.youtube.com/@MilesFranklinMedia https://milesfranklin.com/ Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 How Andy is positioning right now 5:48 Why he likes mining and natural resource stocks 10:13 What’s really happening in gold? 12:37 The surge in COMEX physical deliveries 16:37 Who is actually taking ownership of the metal? 18:42 Could the U.S. government be accumulating gold indirectly? 19:25 Why Judy Shelton’s appointment matters 22:27 Central banks are bringing their gold home 24:03 Andy’s outlook for silver 28:29 Has the major metals correction already happened? 30:30 What retail investors are doing right now 32:13 The shift toward a multipolar monetary system 35:12 Why traditional portfolios may no longer work Copyright © 2026 Cambridge House International Inc. All rights reserved.

Get your tickets NOW for the Vancouver Resource Investment Conference. January 24th-25th, 2027: https://vricmedia.com/conference David Stockman, former Director of the Office of Management and Budget and publisher of Contra Corner, joins Darrell to discuss America’s long-term fiscal trajectory, rising interest rates, and why he believes today’s financial markets are dangerously overvalued. David explains why he prefers gold and short-term Treasury bills, argues that the Fed may be entering a more hawkish era under Kevin Warsh, and lays out why higher rates could pressure both the economy and the AI-led stock market. Check out David's work: https://x.com/DA_Stockman https://www.davidstockmanscontracorner.com/ Follow Darrell on X: https://x.com/MoneyLevelsShow Follow the VRIC on X: https://x.com/vricmedia Follow the VRIC on Instagram: https://www.instagram.com/vric_media/ Learn to invest alongside the top minds in commodities. Join The Commodity University today: https://join.thecommodityuniversity.com/?affiliate=darrellthomas Sign up for Jay’s newsletter at https://2ly.link/211gx 0:00 America’s fiscal path and how David is positioned 3:10 Why the debt trajectory is unsustainable 5:59 Why David prefers gold and short-term Treasuries 8:09 Why he avoids long-duration bonds 10:10 Default, austerity or inflation? 11:44 Could Kevin Warsh become a “junior Volcker”? 13:07 Why the Fed may stop monetizing debt 16:37 Why higher rates could end the Wall Street party 17:13 The AI valuation problem 20:10 How much market cap could disappear? 21:31 Can Warsh withstand political pressure? 26:04 Why today’s debt load is far more dangerous than 1980 29:47 What higher refinancing costs mean for the economy 32:54 What happens to the dollar? 34:35 Why David remains bullish on gold 36:56 Could the U.S. revalue gold or issue gold-backed bonds? Copyright © 2026 Cambridge House International Inc. All rights reserved.