Pete Speaks 9/23/26 8:00AM ET
Peter Grandich Sep 23, 2026 18:17
Summary
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's takeaways
- Top takeaway Grandich credits Gentile as the first to recognize a "dramatic change" in Canada and to position for it, willing to be three to five years early.
- Gentile made a "huge investment" in Galway Metals on Sept 22, 2026, using his own money.
- Grandich says Gentile's mining holdings are up 500% to 1,000% or more across positions.
- Gentile will co-host a $99 online mining conference on Dec 8, 2026 with Grandich and Greg Weldon.
- Grandich plans to post a video later in the day featuring Gentile and the Galway Metals CEO.
Greg Weldon's takeaways
- Top takeaway Weldon is scheduled to co-host a $99 online mining conference on Dec 8, 2026 alongside Grandich and Gentile, with three corporate sponsors (two confirmed: Group 11 Resources and Fall and Lake Mining).
Peter Grandich's takeaways
- 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.