Which Commodity Trade Is Overcrowded Now? Joe Mazumdar

In this interview, mining analyst Joe Mazumdar joins us to break down the current commodities supercycle, gold’s move toward $5,000, why gold equities are still underperforming, and where the biggest opportunities may be emerging in uranium, copper, nickel, lithium, and rare earths. We discuss geopolitical tensions, critical minerals becoming “security assets,” China’s dominance in processing, US mining policy shifts, capital cost blowouts in mining projects, and which jurisdictions like Arizona, Nevada, Idaho, and Saskatchewan could benefit most from the new resource cycle. Joe also explains why investors are focusing on cash flow and shareholder returns instead of growth stories, plus the biggest risks facing uranium and copper developers today. A must-watch conversation for investors interested in gold stocks, mining equities, critical minerals, uranium, copper, and the future of global supply chains.

🗓️ Recording date: May 6, 2026