Peter Grandich

Pete Speaks 10/9/26 6:00AM ET

• Top takeaway Grandich says his view on the US stock market changed only a few days ago: still never bullish, but he now flags the potential for a hard fall as deterioration underneath the big names broadens.
• His evidence is breadth rather than headlines, pointing to many stocks performing poorly and sitting well off their highs and to sessions where new lows outnumber new highs, which he reads as a weakening foundation; he calls the upcoming election the main market driver right now.
• On bonds he stays out of long-dated paper and owns only T-bills of one year or less, which he says pay around 4% with no loss of principal, and he argues rates must keep working higher regardless of inflation so that capital keeps coming to a US that spends more than it takes in.
• His debt arithmetic is the core of that call: roughly $40 trillion of hard national debt as of this October 9, 2026 commentary and a Congressional Budget Office projection he cites revised up to $67 trillion by 2034, and at $50 trillion with rates at 5% the interest bill alone would be about $2.5 trillion a year, roughly half of last year's $5.2 trillion in federal revenue.
• In the metals he is buying weakness instead of waiting: he added to existing positions and re-entered Radisson Mining and Group 11 Resources, though a rise in precious metals on the day left him far short of the larger position he wanted, and he is on alert for uranium stocks without buying yet, expecting they can still go lower into tax-law selling season.

Grandich flags deteriorating market breadth — more new lows than new highs — as evidence the support beneath large names is weakening. The upcoming election is his primary driver, and he now sees crash potential in US equities that he did not expect a few days ago. His bear case is arithmetic: $50 trillion of debt at 5% means $2.5 trillion in annual interest, roughly half of last year's record revenue. He stays in short-dated T-bills of one year or less and will not lock money away in long-term bonds while he sees rates working higher. In precious metals he bought weakness, re-entering Radisson Mining and Group 11, while holding off on uranium until tax-loss selling season.

Pete Speaks 10/2/26 10:00AM ET

• Top takeaway He called the soft employment report before it landed, telling a friend "this number It's going to be real weak", and uses the weakness to keep building bearish equity positions, suggesting bearish major-index call spreads. He reads wage growth as "nearly nonexistent" at one-tenth of one percent and says "Americans keep spending more than they make", which "can't go on forever".
• He argues the Fed will not hike again in October if the October 14th inflation number comes in below expectations just before their meeting, because "there's too much political. Pressure just a few weeks away from the election to do that", even though "They really want to get control of everything they raise again no matter what". He thinks Republicans are "in big trouble" and expects "huge Impacts on markets in 2027".
• He rejects the idea that peak rates have arrived, arguing the only way to keep attracting money for the deficits is "To raise interest rates" while other bond markets are becoming more attractive. He sees "no reason yet" to lock away bonds and would stay away from the corporate sector.
• He expects the 10-year yield back at 5.30% and possibly closer to 5.40% within about a week and before month-end, measured from the October 2, 2026 recording.
• On gold he thinks it "still wants to test lower, at least in the very short term" and is "holding my purchasing power back" to build positions on further weakness. More broadly he is demoting metals to a "second or third tier" focus behind his faith-and-finance content.

He reads the soft payroll report as genuine weakness, and says the pre-release futures selloff implied someone already had the number. His Fed call: political pressure weeks before the election blocks a rate hike regardless of the October 14 inflation print. Large deficits, not just inflation, are pushing yields higher as Japan returns as a marginal buyer of US debt. He is bearish major indexes via bear call spreads and sees gold defensively weak while physical demand stays thin. He sets accumulation levels in five mining names — Agnico Eagle, Radisson, North Isle, Group 11 and MLM — and flags uranium for a further pullback.

Pete Speaks 10/1/26 12PM ET

• Top takeaway He argues that the roughly 20% fall in gold-miner equities from their August highs is a normal correction and consolidation, and says he is not selling or panicking.
• He says he is hoping gold corrects further toward 4,000 and that weak US employment data on 1 October produces more selling, calling those the prices he wants to buy.
• He expects many people who thought they could trade juniors to find out they cannot, but says sentiment has not yet reached capitulation.
• He says he turned down an offer to come back into the junior market in a big way because clients had become too short-term oriented.
• He puts uranium stocks on a yellow alert, back to a reasonably priced level but not yet undervalued, and says the gold-miner ETFs can correct another 20%.

Grandich calls the roughly 20% slide in gold miners since August a normal correction, and blames nervous retail hands — not fundamentals — for the weakness. He would buy Radisson Mining at a dollar or less, betting Agnico Eagle's reported $1.07 stake signals its appetite for a takeover. His largest holding, North Island, needs no outside funding, still holds $90 million, and has a preliminary feasibility study due in about five months. He is watching the next US employment report: a weak print could pull bond rates down and hand gold a rally. He flags uranium stocks as a yellow alert — back to fair value, not yet cheap enough to buy.

"It's Finally Happening" - Debt Crisis Shifts Into High Gear | Peter Grandich

• Top takeaway Argues rising 10-year Treasury yields will not stop gold, since the 1970s and 1980s saw rates approach 20% during gold's best rallies.
• Favors miner shares over physical bullion as of September 2026, citing majors' record free cash flow and favorable metal supply-demand.
• Calls Canada's new incentive returning about 25% of first-year production value an opportunity of a lifetime for the mining industry.
• Warns that China's dominance of critical-mineral refining, not just mining, leaves Western defense supply chains exposed.
• Expects stocks down 10-20% or more within one to three years and urges spending less than you earn while getting out of debt.

Grandich argues rising Treasury yields will not stop gold: rates soared alongside gold's best rallies in the 1970s and 1980s. Mining majors hold record free cash flow this cycle, so Grandich favors miner shares over physical bullion for the second leg. Canada's new incentive returning roughly 25% of first-year production value could pull major-miner project spending toward Canadian jurisdictions, Grandich says. China's refining grip on critical minerals, not just mining, leaves Western defense supply chains exposed as nations race to lock up resources. Grandich urges spending less than you earn and exiting debt, expecting food and energy shortages and a second inflation wave ahead.

Michael Gentile - Faith and Finance

• Top takeaway Grandich says the key money decision is asking 'is it mine or God's?', admitting he only made it in the last 25 years of his 42-year career, when treating wealth as his own brought good spurts but many problems.
• He argues tithing is not only monetary, telling the show's hosts that their time and energy spreading the message counts as tithing more than some of the richest Catholic donors.
• He says Catholics are much less taught on tithing than Protestants and cites the book of Malachi as where God 'literally challenges you to tithe.'
• Gentile credits Grandich with taking no sponsorship money — and giving any sponsorship income to charity — calling his example influential across the mining and financial-advice space.
• He closes by saying Scripture contains more verses about money and finance than about heaven or hell, making tithing a very important part of it.

Michael Gentile says he will give away 95-98% of his wealth through the Apostles Fund, which backs ministries with venture-capital-style support. It treats small ministries like seed-stage juniors, offering three years of hands-on coaching on hiring, marketing, and scaling before funding. Gentile frames tithing as first fruits — give before saving or spending — and argues the order matters more than the percentage. Grandich opens by setting metals aside; the webinar stays on faith, philanthropy, and giving, with only passing nods to Gentile's mining career.

Michael Gentile - Buy Canada Now And Galway Metals

• Top takeaway Peter says Carney's Canadian mining reforms are so significant that even after 40-plus years in metals and mining, they have him reconsidering returning as an active investor
• He validates Galway's insider alignment by pointing out that CEO Rob Hinchcliffe has bought more than 700,000 shares in the open market over the past year
• He frames Gentile as uniquely committed because every cheque is his own capital, with no outside money
• He positions the moment as a mega wave catalyst for Canadian junior miners, citing the combination of Carney's tax and permitting reforms

Prime Minister Carney announced 100% first-year capital expensing for major Canadian mines — a policy equivalent to a ~25% tax rebate on mine build-out. Carney's 'one project, one review' plan would fold federal and provincial mine permitting into a single review, speeding juniors toward production. Michael Gentile wrote his largest check yet into Galway Metals (GWM), citing Canada's policy shift and the 2.7M oz Clarence Stream resource in New Brunswick. Galway's Clarence Stream project holds 2.7M oz — 88% pit-constrained (shaped for open-pit mining), with starter pits 92% indicated (resource category ready for PEA). Clarence Stream drill costs run ~$120 CAD per meter — roughly a fifth of Arizona or Nevada rates — reflecting strong local infrastructure.

Pete Speaks 9/23/26 8:00AM ET

• Top takeaway Grandich argues a "dramatic change" in Canada will create "phenomenal opportunities" in mining exploration and is considering deploying more of his own cash into the sector.
• On US equities he is bearish on the long side, still favors the bond market, and frames capital preservation as more important than appreciation.
• He strongly defends Northisle against anonymous online critics and warns clients who push back to take their money elsewhere.
• On metals he flags physical selling into gold's Sept 24, 2026 option expiration, but notes silver has stronger technicals and copper has been "phenomenal."
• He expects Democrats to retake the House with a real chance at the Senate in the upcoming election and views that as politically neutralizing Trump.

Grandich expects a dramatic change in Canada to create outsized opportunities in mining exploration, citing Michael Gentile's early positioning. Royalty companies are the only long-side US equity exposure he recommends, with bonds described as the best trade of his 42-year career. Silver and copper show better technical strength than gold into this week's options expiration, where physical selling pressure may persist. Capital preservation should outrank capital appreciation, and investors should plan to live below their means as government revenue pressure rises. Grandich anticipates Democratic gains in the House and views the upcoming Trump-Xi meeting as largely theatrical.

Michael Gentile On Canada's Resources Actions, Northisle Copper & Gold and McFarlane Lake Mining

• Top takeaway Named by Gentile as a co-holder of both Northisle and McFarlane Lake, described as 'Pete and I's favorites'
• Referenced for prior positive commentary on Sam Lee's de-risking work, which Gentile says the new Carney deal book inclusion validates

Canada now lets miners fully deduct capex (capital expenditures — upfront mine-build costs) in year one, effectively a 25% discount on capital deployed. This tax break adds fuel to a brewing M&A frenzy: cheap juniors look 25-40% more attractive to profitable majors who can claim the credit. Index inclusion in the GDXJ creates roughly 9 million shares of mechanical demand and improves trading liquidity for junior gold-copper names. For a distressed junior, the playbook starts with paying off debt and cleaning the cap table, only then moving to financing and drilling.

Vince Lanci On Gold, Silver, China, Oil, The FED And More.

• Top takeaway The host expects the Fed to hike the day after the as-of date and argues markets would be worse off if it did not.
• He challenges the belief that rising interest rates are bearish for gold, pointing to gold's two biggest 1970s rallies happening while rates climbed.

Pete Speaks 9/15/26 7:30AM ET

• Top takeaway Argues rising interest rates are not poison for gold — citing the 1970s and post-COVID bull markets — and says a retest of the $4,000 area, which he thinks unlikely, would have him redeploy his T-bill and money-market liquidity into shares.
• Says staying liquid in T-bills is critical for the next several months and that corporate and junk bond spreads no longer justify the risk.
• Says that in August, before Labor Day, he called it time to take short positions using bearish call spreads, and he expects the political picture around Trump and the upcoming elections to become more dire and more impactful on markets.
• Points to hitting his 5% bond target from 2021 while the industry's 'buy bonds' chorus produced net losses as a marker of his calls.
• Says he now regularly speaks about only two juniors and is personally content, adding that new opportunities for him would come only on further weakness across gold, silver and copper.

Grandich prefers T-bills over corporate and junk bonds, arguing compressed spreads no longer pay investors for the extra credit risk. Rising interest rates have not historically stopped gold: its two greatest bull markets advanced while rates climbed sharply. Canada's federal natural-resources push could benefit Northisle Copper & Gold, which expects drill results and a PFS (pre-feasibility study) before March's PDAC convention. McFarlane Lake Mining held above 50 Canadian cents through a 38-cent financing and gold weakness, suggesting the financing washout has passed. He would redeploy T-bill liquidity into mining shares only if gold retests the 4,000 area or metals weaken further.

Pete Speaks 9/8/26 6:30AM ET

• Top takeaway Peter calls for a serious downturn in the US equity market post-Labor Day 2026, arguing August was the window to get bearish before the midterm election cycle, which he cites as bearish over 50 years of history
• He is bullish on metals, framing the current gold pullback as a corrective phase whose lows are in (sub-$4,000 was the low) and expecting a 'grind higher' middle leg of a three-leg bull market
• Peter still targets silver at $7 (versus his earlier $5-by-2025/$6-by-2026/$7-by-2027 call) and expects silver to reach $7 before 2027
• Peter flags the yen carry trade and Japanese/Chinese Treasury selling as key macro risks, with USD/JPY below 150 framed as a potential 'nightmare'
• He prefers to hold substantial liquidity rather than be fully allocated to metals, given his overall market bearishness

Grandich expects a serious US equity downturn post-Labor Day, citing 50 years of midterm election weakness and macro risks ahead of November. A rising Japanese yen near USDJPY 150 and Japanese/Chinese Treasury sales could unwind the yen carry trade that has propped up US multiples. He sees gold's corrective phase ending and silver heading to $7 by 2026, with the copper market outlook described as 'outstanding' on his blog. Grandich highlights junior resource picks tied to Michael Gentile — Silver Crown Royalties, Big Ridge, McFarland — as ongoing winners. The post also announces a CollapseLife.com subscription webinar featuring Gentile's two-hour Q&A across roughly 36 junior mining names.

Peter Grandich Hosts Former MLB Player Garrett Cooper at Vesuvio's To Benefit Special Olympics

Off-topic for Pixys: a charity Red Sox vs. Yankees watch party at Vesuvio's Pizza in Millstone, NJ, raising money for Special Olympics New Jersey. Channel host Peter Grandich organized the event with former MLB player Garrett Cooper, who shared his post-baseball life and private hitting lessons for local youth athletes. No resource investment, mining, commodity, or market analysis content is present in this episode.

Tavi Costa Discusses Macro And Metals

• Top takeaway Grandich cites Robert Freeland's view that six new tier-one copper discoveries will be needed between now and 2050 against only six in the past six years, and frames the copper story as one that 'keeps getting better and better'.
• He positions gold as the indispensable starting point for any metals discussion, telling viewers 'you can't have a conversation about metals without talking about gold' before handing the floor to Costa.

US twin deficits will force yield suppression and a weaker dollar, the guest argues — a positive backdrop for metals. Gold remains undervalued as the current 3% treasury backing may need to rise multiples higher, the guest says. Mining stocks price in future backwardation (declining prices); the guest sees contango (rising prices), calling it an arbitrage. Silver miners produce at $15-20 per ounce, giving them far wider margins than gold peers, the guest notes. Copper's supply deficit is visible for 10-15 years — only six tier one discoveries in six years versus six needed by 2050.

Greg Weldon of The Global-Macro Strategy Report Shares His Latest Financial Markets Outlooks

• Top takeaway Grandich says he told clients and posted on X that, going forward from here, investors should de-emphasize financial assets and emphasize commodities, including metals, energy, and agricultural.
• Grandich argues US farmers, who voted overwhelmingly for Trump, are now worse off because of the weather and war-driven fertilizer prices, creating political vulnerability for the administration in farm states like Iowa ahead of upcoming elections.
• Grandich presses that the bond market matters more to the economy than the stock market, and asks Weldon whether a move through 5% on the 10-year yield could let all hell break loose.
• Grandich warns that the typical licensed US financial advisor has never experienced a bear market, which is why he recommends his clientele read Weldon's work for a more seasoned, balanced perspective.

Weldon argues the dollar sits on the verge of breaking its 2008-2011 double bottom, a structural breakdown already showing up in rallying commodities. July set the deepest non-pandemic monthly deficit in US history with $316 billion borrowed from the public, pressuring the dollar and the Fed. El Nino (Pacific warming that disrupts weather) is damaging crops from cocoa to coffee, reviving food inflation just as the Fed needs calm prices. With $40 trillion of debt to service, central bankers will choose reflation over deflation, the guest argues, his reason for turning bullish on gold. Gold's first leg rode central-bank buying; the bigger next leg, he says, is US investors rotating out of paper dollars into precious metals.

McFarlane Lake Mining CEO And Largest Shareholder Discuss Latest Corporate News.

• Top takeaway Peter Grandich hosted the interview, said he personally added to his McFarlane Lake position on the resource news, and framed the Treasury bond-market intervention as a 'cornerstone' of the bullish gold thesis.
• He reports that outside geologists he shared the resource release with view the path to 10 million ounces at Juby as 'legitimate, not crazy talk'.
• He notes the company has been in existence only briefly and is still under-followed, expecting rapid discovery as the resource grows.

McFarlane Lake's Juby project grew to 6.2M oz inferred+indicated, a 50% jump from 4.2M oz with only 13,000m of drilling. The CEO projects another 3-4M oz on the way to a 10M oz target with 50,000-70,000m of additional drilling. Hanging wall drilling at the Juby deposit is hitting mineralization previously classified as waste, which could improve the strip ratio. Largest shareholder Gentile argues the US Treasury's bigger bond intervention signals yield curve control — bullish for gold. McFarlane trades at $25-27 per ounce in the ground versus $70-80 per ounce for peers like Probe Gold and Banyan Gold.

Silver Bottom! Why Gold & Silver Surged This Week | Peter Grandich

• Top takeaway Peter Grandich argues the bottom in gold has been put in just under $4,000 and in silver at its recent low, pointing to two $100+ up days in one week with no heavy selling as confirmation the correction is over
• He frames the rally as the second of three legs in a primary bull market, with the second leg typically lasting the longest and grinding higher with less of the volatile swings that defined the parabolic first leg earlier in 2026
• Grandich attributes the move mainly to aggressive central bank buying led by China, to BRICS resurfacing plans for a gold-based mechanism to trade among themselves, and to the perception that the recent US dollar rally has run its course
• He argues that US Treasury pressure on Japan not to sell US bonds shocked investors by exposing how reliant the US is on foreign financing, accelerating — not preventing — de-dollarization
• He singles out Nvidia lending money to customers so they can buy its chips as the clearest signal that the AI bubble has gone to an extreme

Gold has likely bottomed just under $4,000, with the rebound tracking the second of three legs in the broader precious-metals bull market, per Grandich. Aggressive central-bank buying led by China, paired with US fiscal and diplomatic missteps, has kept prices firm on this week's rally, he argues. AI-related circular financing and record passive-index flows leave the S&P 500 vulnerable once political pressure intensifies after Labor Day, he warns. Orderly bear markets tend to favor gold, but crash-style sell-everything events usually drag it down as holders liquidate metal winners to meet margin calls. Chinese dominance of critical-mineral refining and long copper supply gaps leave US permitting unable to close demand fast, reinforcing multi-year mining tailwinds.

Pete Speaks 7/29/26 7:30PM ET

Grandich updates his financial market observations, providing commentary on current macroeconomic conditions and broader market sentiment. The discussion offers perspectives relevant to precious metals investors, likely touching on gold and silver positioning strategies. Viewers can expect broad economic analysis aimed at helping resource investors navigate ongoing financial market volatility.

Pete Speaks July 27, 2026 6:30AM ET

Grandich updates his financial market observations, assessing current macroeconomic conditions and their implications for resource investors. The discussion evaluates ongoing precious metals trends, framing gold as a portfolio anchor amid broader economic uncertainty. Investors can use this update to track shifting market sentiment and align their commodity exposure with current conditions.

Pete Speaks 7/22/26 8:00AM ET

Grandich shares current financial market observations, offering his macro perspective on equity valuations and metal prices. The commentary provides context on broader economic conditions that directly impact commodity demand and mining investment cycles. Investors can use these macro updates to frame their resource sector strategy against current market volatility.

Peter Grandich Brings Championship Pedigree to Freehold Township Day.

• Top takeaway Says he brought four of his former sports-celebrity friends and clients, who served on his board, to Freehold Township Day in his hometown, where he has resided since 2009.
• Says he brought Freehold Area Open Door, one of his and his wife Mary's favorite charities, to the event, calling Freehold Township Day perhaps the biggest single day in the township.
• His guests say he does not get enough credit for looking out for people in need and that everything he does is for the good.
• Reports great weather and a great turnout, and says the most popular person at the event was the NJ Devil mascot.