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Sean Brodrick – Investing in Oil, Nat Gas, Nuclear, Copper, Gold, Silver, & Critical Minerals Stocks

The KE Report Jun 17, 2026

Summary

Oil's downside looks limited: Cushing storage nears operational tank-bottom while damaged Gulf infrastructure will take years to repair.

Copper is holding near all-time highs without breaking its 200-day average, riding electrification demand across the power buildout.

Gold's break below the 200-day moving average drove algorithmic selling, but extreme negativity is where new bull legs start.

Sustained high oil prices could push EV adoption, benefiting nuclear and natural gas generators that supply the charging electricity.

China's mining rules effective June 15 cap output and screen foreign investment, tightening critical minerals supply into November.

Sean Brodrick's takeaways

  • Top takeaway The guest remains medium-term bullish on traditional energy despite the Iran de-escalation pullback, is not rushing to sell his oil positions, sees more upside in crude and would buy again around $70 — supported by Cushing, Oklahoma nearing an operational tank bottom, the Strait of Hormuz still not being open, and Gulf infrastructure repairs that he says will take years.
  • He argues sustained higher oil prices push consumers toward electric vehicles, which he sees as a boon for nuclear and natural gas generation; he holds power and utility exposure and expects global energy demand to keep accelerating.
  • On copper he says it is among his better performing positions this year and is holding near all-time highs on electrification demand; he is adding a new gold-copper producer and thinks pullbacks in copper and copper miners can be bought.
  • On precious metals he argues the 200-day and 50-week breakouts in gold and silver created the kind of extreme negativity where new bull legs start, so he is nibbling rather than charging, favouring producers with rising output, low costs and safer jurisdictions, and watching small developers run by industry veterans he is not ready to name yet.
  • He is still very constructive on defense metals — heavy rare earths, antimony and tungsten — noting China's June 15 mineral-resources regulations cap mining output and add national-security reviews of foreign mining investment, that another deadline falls in November, and that he expects more direct US government investment in the sector.

Shad Markowitz's takeaways

  • Top takeaway The host reads the recent precious-metals action as a potential double bottom — gold's March low of $4,100 was breached slightly the week before recording and gold was back in the $4,300s, while silver's $6,120 March low was tested at $6,160 and recovered into the 60s to low 70s — and asks whether it is time to start accumulating.
  • He notes WTI was still $76 as they recorded, that most oil analysts he talks to are higher for longer and do not expect a return to the $60 pre-war level, and that $76 is still a good price for producers to hedge with.
  • He puts copper at about $6.52 a pound near all-time highs and notes it, unlike most other metals, never violated its 200-day moving average.
  • He cites direct US government buying in MP Materials, Lithium Americas and Guardian Metal Resources, and asks whether the government will take direct stakes or make more loans, and where the Project Vault stockpile stands.
  • He questions whether large IPOs such as SpaceX and Anthropic are sucking money out of the resource sector, calling that explanation far-fetched and at most a possible contributing factor.