Welcome to The David Lin Report! I’ll be reporting on the most impactful market-moving events, as well as interviewing experts in finance, economics, science, and technology.
Silvercore Metals President Lon Shaver explains why silver is 'firing on both cylinders' due to concurrent surges in industrial and investment demand, while detailing how the company achieved 4x stock growth through disciplined capital allocation and strategic acquisitions in Ecuador and Kyrgyzstan.
Technical trader Kevin Steuer warns that escalating Middle East tensions and oil volatility are creating a high-risk environment for markets, sharing his proprietary confluence-based indicators and revealing why he has moved to 41% cash while awaiting clearer directional signals.
Former Lehman VP Lawrence McDonald warns that the private credit market is experiencing a 2008-style liquidity crisis as funds break quarterly redemption promises on illiquid assets, while stagflationary pressures and AI-driven job losses create a policy trap for the Federal Reserve.
Economist Steve Hanke argues that while current oil supply disruptions pose less structural risk than the 1979 crisis due to improved US energy independence and lower oil intensity, the market faces greater danger from an existing stock market bubble and accelerating money supply growth that threatens persistent inflation regardless of oil prices.
Silver Tiger Metals CEO Glenn Jessome warns that primary silver mines are vanishing (from 52 to 38 operational), creating a severe supply deficit against booming tech and defense demand. With the US newly designating silver as a critical mineral amid Chinese supply chain weaponization, Jessome predicts structurally higher prices, potentially reaching $300 this cycle, while his company's El Tigre mine prepares to become one of the only new primary silver producers in 2027.
Bison Interests CIO Josh Young warns that the ongoing closure of the Strait of Hormuz could propel oil prices to $200-$250 per barrel—a supply shock mirroring COVID's demand collapse in reverse—as markets dangerously underestimate the conflict's duration and policymakers have depleted the emergency reserves designed for exactly this scenario.
Luke Gromen warns that escalating Middle East tensions and excessive dollar strength will force foreign creditors to sell U.S. Treasuries to secure energy and food, triggering further dysfunction in Treasury markets. He positions gold—currently collateralizing only 13% of foreign-held U.S. debt versus a 40-60% historical average—as the single asset most likely to double or triple as the global monetary order restructures.
With the Strait of Hormuz blocking 20% of global oil transit, Asian markets are plunging while US markets rebound, exposing a dangerous divergence: US allies like Korea and Japan face severe economic vulnerability while energy-self-sufficient America risks recession if oil spikes to $90-100, potentially forcing the Fed to cut rates despite inflationary pressures.
Portfolio manager Bob Thompson argues that despite recent gains in mining stocks, the sector remains early in its cycle as institutional 'generalist' investors have yet to rotate capital from overvalued tech stocks into resources, while a weakening US dollar and depressed Canadian valuations present significant reversion-to-mean opportunities.
Investor Tavi Costa warns that surging gold signals hyperinflation risks while the Iran conflict threatens energy supply, arguing the Fed is trapped into cutting rates by unsustainable debt costs and investors must rotate from overvalued US equities into mining, energy, and emerging markets to preserve purchasing power.
David Lin visits First Mining Gold's remote Spring Pole project in northwestern Ontario, where CEO Dan Wilton reveals details of one of Canada's largest undeveloped gold deposits, its sub-$600/oz cost structure, and the path to production targeting 2026 environmental approval.
David Hay argues that the 'Fourth Turning' crisis period is triggering an end to American market exceptionalism, with capital already rotating out of overvalued US equities into international markets and hard assets, requiring investors to take profits on parabolic moves and raise cash.