# Nick Hodge – Messy Macro Factors, Navigating Bearish Metals Price Trends, Portfolio Management Strategies in Gold, Copper, Lithium, Rare Earths, and Uranium Stocks

Page: https://stenobird.com/podcast/the-ke-report-5642261/nick-hodge-messy-macro-factors-navigating-bearish-metals-price-trends-portfolio-management-strategies-in-gold-copper-lithium-rare-earths-and-uranium-stocks
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Podcast: [The KE Report](https://stenobird.com/podcast/the-ke-report-5642261)
Published: 2026-06-25T01:48:58+00:00
Episode link: https://kereport.podbean.com/e/nickhodge%e2%80%93-messy-macrofactors-navigatingbearish-metalspricetrends-portfolio-managementstrategiesin-goldcopper-lithiumrare-earthsand-uraniu/
Audio file: https://mcdn.podbean.com/mf/web/hssf74n7n7yj3vgt/2026-06-24_-_Nick_Hodge9oe8j.mp3
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Duration seconds: 2003

## Resource

Nick Hodge, Co-Owner of Digest Publishing and editor of Foundational Profits and Underground Alpha, joins us for our monthly longer-format discussion on assortment of messy macroeconomic factors, how he is navigating the bearish metals price trends, and portfolio management strategies in select gold, copper, lithium, rare earths, and uranium stocks. We start off reviewing the mix of messy macroeconomic movers like: Market effects from the rising US Dollar – over 100 and climbing Rising short-term interest rates at the short-end of the yield curve due to Fed policy and Warsh’s meeting and press conference last week; contrasted against flattening rates at the long-end of the curve Rising inflation readings, but wild fluctuations between monthly and quarterly trends Knock-on effects from geopolitics and continued uncertainty around the US/Iran MOU and supposed reopening of the Strait of Hormuz. Fluid situation causing increased volatility and impulsive reactions in both directions Sovereign debt loads and how rising rates will pressure global governments Capex investments in AI data-center build-outs are ongoing. The majority of the macro news has been a headwind to the commodities sector, but it is a messy situation because there are positive tailwinds present at the same time. We discussed the pullback in oil prices, in precious metals prices, and copper prices and how Nick is navigating these markets. After touching the hot stove in a few instances, (after taking a nibble at the GDXJ only to see it fall a bit further), he is not interested in trying to pick a bottom or “catch the falling knife” in most commodities. Nick would prefer to see a sustainable real low put in for each respective commodity, like the PMs or Oil or Copper, and for a new uptrend to assert itself…

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## Transcript

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