Free Weekly Email 5.14.25
We have a uranium cheat code
We are in a uranium bull market. It is multi-year, and one needs to be patient and buy selectively. For most people, the best way to play uranium is to buy the Sprott Uranium Trust when it sells at a discount to NAV.
Grant Williams: Massive Once-In-A-Century Change Is Underway. Don't Be Blind To It!
The pace of change in the world order has accelerated notably in 2025. The era of globalization is being fast replaced by nationalism, protectionism and a shift towards regional trading blocks. In America, there's suddenly a recognition that runaway deficit spending and the accumulating pile of debt & unfunded liabilities is an existential problem that needs dealing with. How are these accelerating developments changing the outlook for the future?
Warren Buffett during the Financial Crisis
Turns out it was a tremendous time to buy stocks. I have said many times that the concept of the article is easy to understand. Be fearful when others are greedy, and greedy when others are fearful. The problem is the psychological barriers that will keep most from doing what is the best course.
At this point in my investing career, I believe you either have the stomach to buy when every fiber of your body and brain tells you not to buy, or you don’t. It seems to be just an innate quality and cannot be taught. To make it simple, you are either a contrarian or a victim.
There has been a sea change
The last 40 years have been ones of low inflation and ever-lower interest rates, which have resulted in an excellent environment for stocks to do well. However, this multi-decade period of ever-lower rates seems to have been reversed. This will likely now be a long period of higher rates.
Rates will be higher because the country is massively in debt and will continue to go further into debt. Interest rates will be higher, resulting in a completely different environment for investing, which has not fully penetrated the thinking of most investors. This is not Warren Buffett’s stock market anymore.
That’s it for this week. Thanks for subscribing.
John Polomny