The Contrarian Capitalist Podcast

Welcome to Mid-Week Macro for Wednesday 3rd June 2026.
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Mid-week Polymarket market
Last week we checked in on the NBA 2026 Champion market and highlighted the New York Knicks’ blistering 11-0 record in this year’s playoffs.
I thought that the Oklahoma City Thunder would get past the San Antonio Spurs, especially as they were up 3-2 (in a best of seven) at the time of writing last week’s Mid-Week Macro.
The Spurs eventually won that best of seven series 4-3 and I am still surprised that the Knicks are still only at a 36% chance of winning. They have had much more rest, and I think that they will ride the momentum wave to the title. We shall see!
Plan B
The US LLC with The Jerz Group has now been setup and so too has banking. This is to help The Contrarian Capitalist in general and also for personal and family positions.
I have used The Jerz Group for the Paraguayan Residency process and can hands down say that it was a very good and hassle-free experience. The Jerz Group are able to help anyone worldwide. Use the button below to explore their available options, you should be able to book in a consultation with them, and please mention The Contrarian Capitalist when you get in touch with them.
GoldCore is an international precious metals specialist, offering secure access to physical gold and silver through one of the world’s most robust vaulting and logistics networks.
NB - This is an affiliate link and if you chose to store your metals with GoldCore then you will also be helping The Contrarian Capitalist. I do have holdings with GoldCore and can hand on heart say that they do a very good job.
Podcasts & Posts & Article Links
Peter Murrell used fake invoices to cover up £400,000 spending spree
Police bodycam shows officers handcuffing Henry Nowak
Gold overtakes US Treasuries as top global reserve asset


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Today’s episode features the excellent Doomberg.
AUDIO IS AVAILABLE HERE
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NB - Recorded on Monday 1st June PM Eastern Time.
Doomberg deep dives into:
* The current state of play in the Middle East and the broad range of possibilities that could occur both geopolitically and within energy, depending on how the war plays out.
* The UK, EU and how they are very susceptible to the worst-case scenario from an energy perspective.
* Why there is no propaganda quite like British propaganda.
* The dis-importance of the 21st round of EU sanctions on Russia, and the relative importance of Russia banning the export of Jet fuel until the end of November 2026.
* The current state of the USA and the key differences in approaches that you can take when you live near a superpower.
* And much more
Contact Information, Previous Episodes & Articles of Note
It was incredibly eye opening to be able to chat with Doomberg. Please do go and check out Doomberg’s Substack and the website at www.doomberg.com
Our 3 previous conversations are below!
Doomberg also mentioned the Classics Read Aloud Substack. Please do go and check that out at Classics Read Aloud | Substack.
Russia bans aviation fuel exports until November 30 | Reuters
EU may keep Russian oil price cap unchanged at $44 per barrel to pressure Moscow | Reuters
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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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Ted J Butler works with Ronnie Stoeferle on the In Gold We Trust Report, also for the Sound Money Report on Substack, David Morgan for The Morgan Report, and with Peter Krauth covering Silver Mining Stocks for the Silver Advisor.
AUDIO IS AVAILABLE HERE
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NB - Recorded on Friday 29th May PM Eastern Time.
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Thank you for being part of The Contrarian Capitalist community!
Topics covered in this podcast include:
* Key takeaways from the silver section that Ted worked on for the In Gold We Trust Report.
* What you have to look for when analysing mining companies and the general case for silver miners, which includes highlighting current profit margins and why the miners might be better
* Why Silver is still in short supply due to a lack of mine production, and why this will likely lead to continued deficits for the foreseeable future.
* Solar Demand: Why the demand destruction bear case is hyperbolic in light of elevated oil prices.
* Emerging Industrial Demand. Are data centres and EV’s/EV batteries to become Solar’s successor?
* And much more
Contact Information & Previous Recording
Ted J Butler is also a senior analyst for The Silver Advisor and a contributing writer for The Morgan Report
You can also connect with Ted J Butler on LinkedIn.
Please do check out the Sound Money Report too.
Our previous conversations can be found below
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

Welcome to the Monthly Wrap for May 2026 with The Contrarian Capitalist and 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 Saturday 30th May 2026 AM UK time
* The chart deck was also inserted on Saturday 30th May 2026 AM 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.
Quote of the Month
Friendships that are won by awards, and not by greatness and nobility of soul, although deserved, yet are not real, and cannot be depended upon in time of adversity.
Niccolò Machiavelli
Move of the Month
Quite straight forward this month as the KOSPI (South Korea) was up a whopping 28.45%
Chart Deck
GOLD 🔴
May Close = $4,537.87 - DOWN -$78.68 (-1.70%)
SILVER 🟢
May Close = $75.29 - UP +$1.57 (+2.13%)
COPPER (per lb USD) 🟢
May Close = $6.3895 - UP +$0.3631 (+6.03%)
PLATINUM SPOT 🔴
May Close = $1,921.20 - DOWN -$63.30 (-3.19%)
PALLADIUM SPOT 🔴
May Close = $1,356.67 - DOWN -$165.83 (-10.89%)
URANIUM U308 FUTURES 🔴
May Close = $84.90 - DOWN -$1.55 (-1.79%)
NATURAL GAS (Henry Hub Natural Gas Spot Price) 🟢
May Close = $3.146 - UP +$0.527 (+20.12%)
Dutch TTF Natural Gas Month Futures 🟢
May Close = €46 - UP +€0.015 (+0.03%)
WTI (West Texas Intermediate) 🔴
May Close = $87.75 - DOWN -$17.65 (-16.75%)
BRENT CRUDE 🔴
May Close = $91.51 - DOWN -$19.34 (-17.45%)
DOW JONES 🟢
May Close = 51,037.09 - UP +1,384.95 points (+2.79%)
NASDAQ 🟢
May Close = 30,333.17 - UP +2,881.05 points (+10.49%)
S & P 500 🟢
May Close = 7,580.05 - UP +371.03 points (+5.15%)
RUSSELL 2000 🟢
May Close = 2,919.34 - UP +119.43 points (+4.27%)
FTSE 100 🟢
May Close = 10,409.28 - UP +30.46 points (+0.29%)
FTSE 250 🟢
May Close = 23,503 - UP +1,050 points (+4.68%)
DAX 🟢
May Close = 25,104.70 - UP +812.32 points (+3.34%)
KOSPI 🟢
May Close = 8,476.15 - UP +1,877.28 points (+28.45%)
NIKKEI 🟢
May Close = 66,198 - UP +6,506 points (+10.90%)
HANG SENG 🔴
May Close = 25,182.39 - DOWN -594.14 points (-2.30%)
Please share The Contrarian Capitalist with your network and please also leave your feedback. Are there any markets you would like to see covered? Please comment below!


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Today’s podcast guest is David Morgan, founder of The Morgan Report.
AUDIO IS AVAILABLE HERE
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NB - Recorded on Tuesday 26th May 2026 early PM Eastern Time.
A wide range of talking points are covered, including:
* Gold and silver miners are now doing more share buybacks than at any other point in history. Why this is important and what does this mean?
* The importance of the bi-partisan Silver Act 2026. Why it is the most important piece of bullion legislation since the Silver Purchase Act 1934 and why this potential diversification will help Silver.
* How to potentially successfully play the silver and mining markets moving forwards i.e. Should you have cash on hand just in case a recession comes? How much weighting should you have in your portfolio?
* Whether or not silver being stuck in a $70 -$90 trading range is healthy behaviour
* How long David thinks we have left to benefit from this silver market
* The significance of rising bond yields and what they are telling us about the current market structure.
* And much more
* Please watch the excellent Silver Sunrise Documentary. It is 83 minutes long and packed with incredible information and insights.
Contact Information & Previous Recording
You can follow David’s work at The Morgan Report
And please watch the excellent Silver Sunrise Documentary
And also follow David on both X and LinkedIn
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 exceptional value to protect your wealth, defend your freedom and outsmart the system.
Thank you for being part of The Contrarian Capitalist community!
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