Episode
Larry McDonald: SpaceX Could Crash the Market — Why He's Buying Commodities Instead
- Published
- Jun 18, 2026
- Duration seconds
- 3978
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/c466437b
Actions
POST https://stenobird.com/v1/public/podcasts/in-the-money-with-amber-kanwar-7168627/episodes/larry-mcdonald-spacex-could-crash-the-market-why-he-s-buying-commodities-instead/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/in-the-money-with-amber-kanwar-7168627/larry-mcdonald-spacex-could-crash-the-market-why-he-s-buying-commodities-instead.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
The AI boom is supposed to be a tech story. Larry McDonald thinks it's a commodities story. On this episode of In the Money with Amber Kanwar , the Bear Traps Report founder and best-selling author explains why surging demand for copper, uranium, oil, natural gas and gold could create some of the biggest investment opportunities of the next decade. As trillions of dollars flow into AI infrastructure, data centres and power generation, Larry argues investors are overlooking the companies supplying the raw materials that make it all possible. In fact, he goes so far as to call NVIDIA (NVDA) a "dumb trade," arguing that investors are piling into an increasingly crowded corner of the market while ignoring the resources that power the entire AI ecosystem. He also shares his concerns about speculative excess in markets and why the excitement surrounding SpaceX could have much bigger implications for investors than most realize. Larry answers viewer questions on the biggest investment asymmetries he sees today, why Indonesia could be one of the most overlooked emerging-market opportunities, and whether Brazil is setting up for a major political and market shift. He also shares his outlook on pipeline operators like Energy Transfer (ET), uranium exposure through Sprott Physical Uranium Trust (U.U / SRUUF), and beaten-down consumer names including Diageo (DEO), Kraft Heinz (KHC), General Mills (GIS), and Campbell's (CPB). Plus, he explains why natural gas producers such as Tourmaline Oil (TOU), Antero Resources (AR), and Range Resources (RRC) could be unexpected winners from the AI buildout. Larry's last appearance on In the Money was a win for commodity bulls. He recommended natural gas, coal and shorting NVIDIA (NVDA), arguing that investors were underestimating the long-term…