The Contrarian Capitalist Podcast

This Wednesday 4th November 2026 Mid-Week Macro is sponsored by Norsemont Mining.
Norsemont Mining Inc. (CSE: NOM | OTC: NRRSF | FRA: LXZ1) owns the Choquelimpie Project - a past-producing gold-silver mine in northern Chile with a current NI 43-101 mineral resource estimate of 2,184,000 indicated gold equivalent ounces and 557,000 inferred gold equivalent ounces. Supported by established infrastructure and high-grade intercepts from surface, Choquelimpie presents a rare exploration and development opportunity in a proven jurisdiction.


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Today’s podcast guest is Trader Ferg, a true Contrarian who has been a ‘‘Full-time trader for 9 years’’ and who has a ‘‘habit of hanging out in hated corners of the market that are uninvestable".
3 things we discuss:
* Asia’s Coal Comeback: Why energy security and the LNG crisis could reignite demand for thermal coal.
* Shell & Energy Opportunities: Long-dated options, oil services and the investment opportunities emerging from global energy disruption.
* Where Asia’s $1.8 Trillion Surplus Goes Next: Gold, emerging markets and the power of dividends and shareholder yield.
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Listen to the audio podcast
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Recorded: 3rd November 2026
Contact Information & Previous Recordings
You can find Trader Ferg on Substack and X.
You can listen to our previous conversations below.
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Our interviews are free because independent perspectives should be accessible to everyone.
Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.
If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.
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 those of the participant(s) 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 guest is Northstar Badcharts co-founder Patrick Karim.
3 things we discuss:
* Oil’s next big move: Patrick explains the 18-year pattern behind his bullish outlook and why a confirmed breakout could open a path towards $175–$200.
* Why silver needs time: Its long-term uptrend remains intact, but Patrick wants to see a new base before identifying another attractive entry.
* Following the rotation: Oil versus silver, oil versus copper and Shell versus precious metals miners reveal where Patrick sees relative strength developing.
Enjoy the full video above on Substack, without YouTube advertising.
Listen to the audio podcast
Substack video is above
Prefer YouTube? Watch the interview on YouTube and, if you enjoy the conversation, please give it a like and subscribe to The Contrarian Capitalist.
Recorded: 3rd November 2026
Contact Information & Previous Recordings
You can connect with Patrick on X, on Substack at Patrick Karim and for deep dive analysis, please visit the NorthstarBadcharts website. Patrick offers viewers 50% off recurring membership using the code ‘soundmoney’. Please mention The Contrarian Capitalist.
Previous recordings:
Enjoying The Contrarian Capitalist?
Our interviews are free because independent perspectives should be accessible to everyone.
Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.
If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.
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.


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

Welcome to the Monthly Wrap for October 2026 with The Contrarian Capitalist and Tom Bradshaw, author of Beyond the Headlines.
5 small bits of housekeeping
1 - This video was recorded on Saturday 31st October 2026
2 - The chart deck was inserted on Friday 30th October 2026 after market close.
3 - Please do continue to provide feedback
4 - NB - None of this is to be constituted as investment or trading advice. We are NOT financial advisors.
5 - Please subscribe to both The Contrarian Capitalist and Tom Bradshaw using the buttons below.
The Contrarian Capitalist
Tom Bradshaw/Beyond the Headlines
Tom Bradshaw LinkedIn
Full Chart Deck & 9 Key Takeaways (Bullet pointed & AI generated for those that don’t have time to watch the whole video)
1 - Why WTI crude oil could target $147 following a technical breakout
2 - The implications of higher oil prices for inflation and Federal Reserve policy
3 - Why European natural gas surged during October
4 - Gold’s correction and Tom’s $2,800 downside scenario
5 - Silver at $28–$30: historical valuations, technical support and potential buying opportunities
6 - Copper’s resilience and the possibility of a developing market top
7 - Whether the S&P 500 and Nasdaq have another rally ahead
8 - AI-related market risks and changing investor sentiment
9 - The US dollar, Treasury yields and recession concerns


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Today’s podcast guest is Eric Yeung. Geopolitical and economic effects on Precious Metals and commodities. Not financial advice. Opinions are my own.
3 things we discuss:
1. Physical metals as collateral. Eric discusses how developments at the London Metal Exchange could allow metals to support financing and liquidity, and why he believes gold and silver could eventually follow.
2. Hong Kong, China and the Renminbi. His central argument is that collateralising physical gold could help China expand the international use of its currency, with Hong Kong playing an important role.
3. A new monetary role for gold and silver. Eric argues that precious metals could become more valuable to institutions if they can be used to obtain liquidity without being sold. He also gives medium-to-long-term price scenarios of $7,000–$8,000 gold and $120–$200 silver, while warning about near-term weakness.
Enjoy the full video above on Substack, without YouTube advertising.
Listen to the audio podcast
Substack video is above
Prefer YouTube? Watch the interview on YouTube and, if you enjoy the conversation, please give it a like and subscribe to The Contrarian Capitalist.
Recorded: 29th October 2026
The piece with Eric Yeung and VBL can be found below:
Contact Information & Previous Recordings
You can follow Eric on X or on Substack at Eric Yeung
Enjoying The Contrarian Capitalist?
Our interviews are free because independent perspectives should be accessible to everyone.
Paid subscribers help support that work and receive additional analysis, including our weekly Commodity Wrap and Market Wrap, Monthly Contrarian Briefing, CC Chat and full premium archive.
If you value independent thinking on commodities, markets and macro risks, consider becoming a paid subscriber.
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.
Other Posts/Notes of Interest
https://x.com/kingkong9888/status/2115808274440495158
https://x.com/kingkong9888/status/2115784394380280064
EXCLUSIVE: LME plans metal tokens push tied to Hong Kong's 5-year plan, sources say | Reuters
MKS PAMP weighs opening a Hong Kong vault | 無綫新聞 TVB News
https://x.com/makegoldgreat/status/2113576643965091914
https://x.com/silvertrade/status/2113675567916863520
https://x.com/kobeissiletter/status/2101799240104095924
https://x.com/globalmktobserv/status/2114644763605450763
https://x.com/hormuzletter/status/2113696804046799215


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