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

Peter Grandich Sep 15, 2026 9:14

Summary

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.

Michael Gentile's takeaways

  • Top takeaway Grandich devotes the two-hour webinar set for the day after this Sept 15 video almost entirely to Gentile — a short macro intro, then Q&A on all the companies Gentile invests in — and calls it imperative for anyone holding Gentile stocks.
  • He notes many of his audience have been buying the companies Gentile is involved in, and that Gentile is always open to discussing any company he owns, unlike Grandich, who now regularly covers only two juniors.

Peter Grandich's takeaways

  • 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.