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Bizarro WorldAuthor: Bizarro World
The Bizarro World podcast is hosted by newsletter writers Gerardo Del Real and Nick Hodge. Expect to hear Gerardo's ranting and raving on whatever comes to mind, while Nick Hodge delivers his usual dose of market insights to balance things out. There will also be some smart and not so smart people guest starring on the podcast from time to time. (https://podcasts.apple.com/us/podcast/bizarro-world/id1469250463) (https://podcasts.google.com/feed/aHR0cHM6Ly9wb2RjYXN0LnJzcy5jb20vYml6YXJyb3dvcmxkL2ZlZWQueG1s) (https://open.spotify.com/show/16L1pwSZtpASLcykjcXKsc?siYj9yNq2QTyiR9V3Y5z9kLA) (https://www.youtube.com/channel/UCLdurTCNfb4WBhtTVKi44Hw) Language: en Genres: Business, Investing, News Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Gold Volatility. Critical Metal Scarcity. Government Fragility. — Bizarro World 352
Episode 352
Tuesday, 10 February, 2026
Subscribe to Investing In Bizarro World: @bizarroworld Editor’s Note: We will have a new gold/antimony private placement open this week in Private Placement Intel. It’s a tiny company with a C$7 million market cap that has secured some very prospective projects in Victoria, Australia. We have had great success with gold/antimony in previous deals, including with Southern Cross Gold in Victoria, which now sports a C$2.6 billion market cap. We also did very well with Perpetua Resources (formerly Midas Gold), which is now being built and has a US$3.5 billion market cap. No guarantees this new deal gets that big, but there’s a lot of room between C$7 million and a few billion, and it has similar hallmarks. The deal will be open tomorrow. We have very little space left at Private Placement Intel. Click here to join: https://bit.ly/4ary0i7Macro Musings - Gold, silver, and copper are still in a bull market — but the path is going to be violent. We talked about how consolidations that used to take weeks now take days, sometimes hours, and Thursday’s whipsaw was the perfect example: silver went from $90 to $65 in a single session. This is what a market looks like when paper positioning, leverage, and volatility are elevated. Nick walked through why S&P volatility has been manageable even with tech-heavy selling, while precious metals volatility has been the real story. The gold volatility gauge (GVZ) has been high enough to produce outsized daily ranges, and that’s exactly what we’re living through. On the macro backdrop, the message stayed consistent: inflation is still cooling, growth is still there, and the rate picture isn’t signaling a hawkish regime. The dollar remains weak overall, and the two-year yield continues to suggest the Federal Reserve isn’t gearing up to hike — which is fuel for the metals complex as the year progresses.Market Takes - The takeaway this week was simple: don’t confuse volatility with failure. We said it plainly — gold can pull back and still be bullish, silver can retrace hard and still be fine, and copper can dip without breaking the bigger trend. If you’d been told a year ago we’d be talking about $4,800 gold and $74 silver as “stressful,” you would’ve laughed — and that perspective matters. We also emphasized how distorted tape action gets when volatility spikes. Strong earnings and good drill results can still sell off in the moment, not because fundamentals suddenly changed, but because liquidity, positioning, and risk management take over. That’s why we kept repeating the discipline: know what you own, know why you own it, and use pullbacks to build positions — not to panic-sell them. We also hit uranium: the market’s fixation on spot misses the bigger driver, which is contracting. Utilities are negotiating long-term pounds in a wide range, and the bigger question is what happens when availability tightens further and the ceiling moves higher. We closed this section with a quick Crypto Cycle note: Chris flagged a crypto winter setup, Bitcoin fell below $70,000 this week, and his view is a cyclical bear market that could bottom later this year around $58,000 or lower depending on the macro. The point wasn’t doom — it was process: sometimes doing nothing is the right move, and patience can be an asset class.Bizarro Banter - We went where the headlines won’t. The Epstein scandal and the government’s handling of the files is beyond grotesque, and we said it plainly: redacting predators while exposing victims is cruelty — and the absence of meaningful arrests is the scandal layered on top of the scandal. The story is being managed instead of resolved: Speaker Mike Johnson dismissing it as “partying,” the broader donor-protection reality, and the global nature of the network. We talked about how the same elite ecosystem that preaches rules for everyone else operates through backchannels, favors, and protection — and how partisan tribalism keeps people from uniting around the obvious moral line: anybody involved in trafficking and abuse should be pursued and prosecuted, period. Brett Ratner, director of the “Melania” move, is in the files. Kathy Ruemmler, who was White House Counsel to Obama, is in the files. Brad Karp, chairman of Trump-preferred law firm Paul Weiss, is in the file. Bill Gates, Elon Musk, Giants owner Steve Tisch are in the files. British royalty are in the files. The Rothschilds are in the files. Former Israeli Prime Minister Ehud Barak is in the files. It’s both sides. It’s the global elite. And it’s rotten.0:00 Introduction1:46 Macro Musings: Gold Volatility Explained. Metals Bull Intact. Dollar Weakness Persists. Buy-the-Dip Discipline.9:15 Market Takes: Tether Gold Buying. Uranium Contract Pricing. Project Vault Stockpile. Antimony.38:00 Bizarro Banter: Epstein Files Outrage. Constitutional Amendments Read. City Council Speech Fight.1:03:33 Premium Portfolio Picks: Subscribe here: https://bit.ly/3MeuuQ8
