The Contrarian Capitalist Podcast

Today’s podcast guest is Laurent Lequeu aka The Macro Butler
AUDIO IS AVAILABLE HERE
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NB - Recorded on Wednesday 6th May AM UK Time
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Topics covered in this conversation include:
* The rapid evolution of AI, China’s role in the space, and how the global competitive landscape is developing
* Trade dynamics across Asia, including regional perspectives on the Iran conflict and its wider implications
* The relationship between the KOSPI and semiconductors, and why this pairing continues to attract attention from investors
* Ongoing market rotation, and why equities and gold may continue to rise in tandem rather than diverge
* The growing likelihood of a stagflationary environment and how investors can begin positioning for it
* Why real assets are becoming increasingly important in the current macroeconomic cycle
* The return of oil-driven inflation, with food inflation potentially following close behind
* Two oil-focused ETFs worth monitoring: Energy Select Sector SPDR Fund (XLE) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
* A key agriculture ETF to watch: VanEck Agribusiness ETF (MOO)
* Three critical market ratios that could provide early signals for where capital is flowing next
* Practical considerations around asset protection in an increasingly uncertain environment
Contact Information & Previous Recordings
You can connect to The Macro Butler on Substack.
For HNWI’s that would like to connect with The Macro Butler then you can do so by e-mailing [email protected]
Website - www.themacrobutler.com
X - The Macro Butler
You can also listen to our previous conversations using the links below:
DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions.


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Today’s podcast features Alasdair Macleod from the excellent MacleodFinance Substack.
AUDIO IS AVAILABLE HERE
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NB - Recorded on Tuesday 5th May 2026 PM UK Time
Topics covered in this podcast include:
* Western v Eastern ideology with regards to gold and silver. Why they differ
* UK Gilts, why they have just hit a 28-year high, and what they are indicating
* The overall state of UK politics and UK energy
* Will the 2020’s play out like the 1970’s in terms of oil, yields and gold
* Gold and Silver Open Interest. What is it? What the current positioning is and what this is telling us
* And much more
Contact Information & Previous Conversations
You can follow Alasdair Macleod at MacleodFinance Substack or on X.
UK Gilt Yields Near 30-Year Highs As Political/Geopolitical Fears Spark Trussian Chaos
1999–2002 sale of British gold reserves
Take control of your financial future with The Contrarian Capitalist. Paid members get commodity and market insights, exclusive macro videos, early interviews, and the tools to build, protect, and grow wealth in uncertain times.
Starting at just $9.17 per month (less than a couple of coffees), it’s cracking value to protect your wealth, defend your freedom and outsmart the system.
DISCLAIMER: Nothing in this post/podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions.


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Welcome to the Monthly Wrap for April 2026 with The Contrarian Capitalist and the excellent Tom Bradshaw, author of Beyond the Headlines.
Get your tickets to the RULE SYMPOSIUM 2026
5 small bits of housekeeping
* This video was recorded on Thursday 30th April 2026 PM UK time
* The chart deck was also inserted on Thursday 30th April 2026 PM UK time
* Please do provide feedback. What do you like? Not like? What do you want to see discussed? All feedback is useful.
* NB - None of this is to be constituted as investment or trading advice. We are NOT financial advisors.
* Please subscribe to both The Contrarian Capitalist and Tom Bradshaw using the buttons below.
The first ‘Chart of the Month’ with Tom Bradshaw can be viewed below.
Quote of the Month
Men whose only concern is other people‘s opinion of them are like actors who put on a poor performance to win the applause of people of poor taste; some of them would be capable of good acting in front of a good audience. A decent man plays his part to the best of his ability, regardless of the taste of the gallery - Nicolas Chamfort
Move of the Month
It is not the biggest move of the month, but likely the most surprising move of the month. It is the NASDAQ!
NASDAQ 🟢
April Close = 27,452.11 - UP +3,711.92 points (+15.64%)
Chart Deck
GOLD 🔴
April Close = $4,615.48 - DOWN -$56.30 (-1.21%)
SILVER 🔴
April Close = $73.71- DOWN -$1.42 (-1.89%)
COPPER (per lb USD) 🟢
April Close = $6.03 - UP +$0.34 (+6.16%)
PLATINUM SPOT 🟢
April Close = $1,986.70 - UP +$17.70 (+0.90%)
PALLADIUM SPOT 🟢
April Close = $1,533.50 - UP +$52 (+3.51%)
URANIUM U308 FUTURES 🟢
April Close = $86.45 - UP +$2.45 (+2.92%)
NATURAL GAS (Henry Hub Natural Gas Spot Price) 🔴
April Close = $2.619 - DOWN -$0.269 (-9.31%)
Dutch TTF Natural Gas Month Futures 🔴
April Close = €45.98 - DOWN -€4.77 (-9.40%)
WTI (West Texas Intermediate) 🟢
April Close = $105.40 - UP +$3.85 (+3.79%)
BRENT CRUDE 🟢
April Close = $109.84 - UP +$8 (+7.86%)
DOW JONES 🟢
April Close = 49,652.14 - UP +3,310.63 points (+7.14%)
S & P 500 🟢
April Close = 7,209.02 - UP +680.49 points (+10.42%)
RUSSELL 2000 🟢
April Close = 2,806.9 - UP +312.3 points (+12.52%)
FTSE 100 🟢
April Close = 10,378.82 - UP +202.37 points (+1.99%)
FTSE 250 🟢
April Close = 22,453 - UP +1,339 points (+6.34%)
DAX 🟢
April Close = 24,292.38 - UP +1,612.34 points (+7.11%)
KOSPI 🟢
April Close = 6,598.87 - UP +1,561.41 points (+30.61%)
NIKKEI 🟢
April Close = 59,692 - UP +6,776 points (+12.81%)
HANG SENG 🟢
April Close = 25,776.54 - UP +988.39 points (+3.99%)
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Welcome to Mid-Week Macro for Wednesday 29th April 2026.
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This post and video are FREE for everyone, and topics covered include:
* Personal and channel update given last week’s circumstances
* Commodities and equities overview
* What else to look for in the week ahead
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Mid-week Polymarket market
Being back in the UK, it feels appropriate to check in with ‘Starmer out by’. I would love to say tomorrow but that will be very unlikely. If Angela Rayner makes her move then it is possible by the summer. Bar that, I think that even by the end of 2026 is in unlikely, unless he properly shoots himself in the foot between now and then!
I am currently working with The Jerz Group to formalise a US LLC as well as other banking, tax structuring and future proofing both The Contrarian Capitalist and personal and family positions.
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Podcasts & Posts & Article Links
Max Pressure: U.S. Prepares For Extended Hormuz Blockade As Treasury Warns Sanction Risks Linked To China's "Teapot" Refineries
Fuel costs: Irish government announces supports following protests
Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"
US Gas Prices Hit Highest Level In 4 Years, Analyst Says


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Today’s guest is Jon Forrest Little, publisher of The Silver Academy. This is an impromptu recording that covers U.S debt, geopolitics latest, oil, energy, silver and inflation.
Jon Forrest Little is a distinguished precious metals analyst, historian, and investigative journalist renowned for his interdisciplinary expertise and groundbreaking theories.
AUDIO IS AVAILABLE HERE
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NB - Recorded on Thursday 23rd April 2026
In another straight talking and no holds barred episode, Jon dives into:
* Current U.S debt levels, why it is not sustainable and what happens next
* Why the U.S and Israel have committed a massive blunder with Iran
* The potential fallout from this war, including impact in Oil, Silver, Fertilizer and Food.
* Why and how trust in the U.S Dollar is diminishing
* The inflationary impacts of war
* Why a recession would have a short-term impact on pricing before more potential upside
* The GCC and potential bail outs
* And much more
Contact Information & Previous Recordings
You can connect with Jon at The Silver Academy.
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DISCLAIMER: Nothing in this podcast/video should be construed as financial or investment advice. All content is provided for educational and informational purposes only. The views expressed are solely those of the author and do not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instruments. Always do your own research and consult with a qualified financial advisor before making investment decisions.


This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit contrariancapitalist.substack.com/subscribe