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 [Music] I'm Charlotte McLoud with investing news.com and here today with me is Andrew odonnell founder of the market mindset thank you so much for being here great to have you once again always a pleasure Charlotte uh I love talking with you and investor news network it's uh it's 2025 we're here it's exciting year and I'm looking forward to see what you think is gonna happen it's GNA be a busy week and uh what's gonna happen what's gonna happen this year yeah busy

week busy year ahead really at this point and of course interested in getting your thoughts as well and I thought gold is always a good place to start so let's begin with gold of course coming off a record- setting year in 2024 and I know you're bullish heading into 2025 so if we look at the Gold sector where are you seeing the most opportunity right now just to start with a a broad question yeah I mean people who have just gold like physical gold or even just an ETF uh have done very well

the like seven years they've done exceptionally well uh I don't see that the case for that changing in any way uh not only as I believe people should have gold as part of their portfolio anyway but just as as a separate isue as an actual investment uh because there is a lot of opportunity a lot of room to grow there um we maybe don't see it quite as accelerating in price as some others uh but I think it's still going to be a great year and we're very bullish on it I don't see anything uh although there's

optimism you know in the economy and whatnot and that that changes will come but there's a long road of fixing and work to to be done and that just still makes the case that you need to have a strong asset like gold and silver um in your portfolio so we see a wonderful year ahead for for gold okay so so bullish on gold itself and of course that should always probably be a Cornerstone of people's portfolios what about the old stocks I know that of course some companies were on the Move last year but we haven't seen those

across the board gains like some investors still hope to see so that'ss on gold stocks this year once again I I love I love exploration companies there's some uh we we've seen some great news I mean right off the bat Goliath was it yesterday or the day before put out some news they're up like 37% over two days uh they hit like and they're allowed to put remarkable in their news release which I always think is shocking if a company's allowed to put in uh promotional terms

the uh Securities exchanges very very cautious about that but they were they were remarkable holes and we're seeing it being uh them giv you know good reward for that and I think when people start to see what they're up to they're going to see more of that um we currently don't work with them in any way so I'm not here to promote them in any way uh except the fact that we own it we've owned it for seven years we love it we think it's it's going to have a banner year we think a lot of people

are paying attention and that's a a fun one uh to keep in mind on the bigger side uh we saw like Equinox gold uh came out you know was it last week they had great news uh you know that they smashed kind of their records they're they're doing great as well uh K92 they also had really great results so we're seeing uh great results coming out from companies I think people are going to pay a bit more attention to that the big issue in Canada is we've got lots of uh let's say

permitting regulatory larger macro risk that people don't like as much and we just need to make the people a little bit wealthier so they can have money to invest in things well and speaking of what's going on in Canada right now so we've had Justin Trudeau resign as prime minister we haven't had an election announced yet although it feels like we're we're getting closer and closer to that meanwhile we've got in the US of course Trump ready to start his second term imminently and a lot of optimism

about what he could do for the mining sector down there do you see that that kind of change potentially coming to Canada this is why I'm so optimistic about 2025 and I know though right now people feel like we're really in the thick of it because there's so many unknowns and we are kind of joking that you forget after four years the wild card and the comments uh that could come out like whoa holy cow uh they're taking Greenland you know or something like that and uh you know I I think there's

probably some uh military truth to some of the things that he's comments he's made I don't know I I don't know the acity are how serious they are I would say with Canada I think he's just trolling I really do 100% um and he has some Fair points as well like Canada should be uh you know coughing up more as far as defense I mean we really do we exist under their their protection uh for the most part and that has been the current regime just kind of demolishing our our military uh down to basically

mle it down to to very little to say the least and once again whether or not you think that's a good or bad thing that that's but you know that's up to you I'm not trying to push one way or the other uh and once and also with the political discussion I try not to push it one way or the other for me it's who is going to present the best business case to help make Canadians a little bit wealthier uh regardless of policy regardless of what you think of whatever party uh as far as

social political issues whatnot the last eight years has been absolutely dismal as far as business uh there's no business case for Canada people aren't interested investing in Canada all that much they look at you know this permitting regulations bureaucracy I mean it's just there's no pathway and it's it's shocking because if you just picked just randomly waterl as a brain stem and you Unleashed that Fury of intelligence and properly funded them and encouraged them for entrepreneurship uh that would be that

would be incredible uh and it would be uplifting to a lot of young people to see oh my goodness there's a pathway to fund you know a small company a giant company whatever it happens to be never mind the fact that all of the critical Metals all the resources are currently in the ground that if we would just have once again a clear pathway of quick decisive uh get the metals out of the ground because we need them for this transition uh that would be a pretty obvious thing I think that we should get

done and we need to have someone who is a strong leader who says we're not putting up with this over here we have strong regulation I would say too much let's do this right do it correctly get the stuff out of the ground we can feed our own system but we can also have an incred Pathway to feed down to the US yeah I think we're we're in a time where it's just too too soon to tell quite how things are going to play out and interesting to look so I hear a lot about when it comes to when are we going

to get these broader gains in Gold stocks and Mining stocks and general we need those generalist investors to come back in and a lot of the time I hear well the sector needs to provide results in order for us to get that but it sounds like for you it could be these regulatory changes government changes that could ignite that broader interest anything else you would add on that not sure sure I I would say it's not it isn't that it's the results I would say that's we're used to hearing that and

we're used to feeling that because there hasn't been any interest uh I did a whole kind of uh tongue and Chic fun little thing on on Far coin and I know saying it it's terrible but a memec coin that had a $1.2 billion doll market cap uh that has no use no utility no Revenue no it's it's literally a mem coin it does nothing it doesn't create any IP for or transactions uh it's it's nothing and it was up like 700% so that and that's just one meme coin like this you

can look throughout the whole crypto world there's tons of these things uh that tells me that there is plenty of money that has not only high risk not only speculative risk but risk that most people have no concept of and they don't mind and there's no news on those coins it's just pure pump and dump so there is a market and there is money uh they just don't know about mining or they don't care about Mining and that's partly that we don't promote it uh and you know we

we can't compete with the money that a Bitcoin or any crypto has I mean they have money thrown at them um but that showed me that it isn't about risk it isn't about results there's plenty of great results out there and the stocks don't move uh in fact sometimes they get shorted and there's all sorts of other regulatory things that don't make it favorable but You' only need to do is to take a a big stance top down from government and spend three months to convince the people that to re-root the

conversation from being all extraction is bad to if you want to save the Earth extraction is the only answer it wouldn't take very long to convince them if it was top down uh and then people could stop just kind of talking about the problems and go you can put money towards solving these issues by getting copper out of the ground by getting all these these critical metals that we need whether it's for AI whether it's for uh nuclear whatever it happens to be whatever solution silver for solar

panels uh whatever it is it's just that that message has to come right from the very top especially in Canada because most people in Canada they look to answers from their government um and that's if it just came down and they they they heard it enough and they made it attractive enough for people to be involved in that market then uh they would they would yeah really really interesting and I definitely want to follow you down some of those pth about the different metals that you're talking

about so you mentioned silver just now and also at the beginning of the conversation in conjunction with gold so silver it's a precious metal it's an industrial metal now even perhaps a critical metal in some senses and you mentioned your bullish on this heading into 20125 same question for gold when you look at Silver where are you seeing the most opportunity whether it's the metal stocks how are you looking at it yeah so I mean I don't trade but I mean if I had a bit more thicker skin and

maybe a bit younger I would look at future I mean that're they're fun but that's I mean as speculative high risk as you can get uh but listen I I think people should have gold and silver in their portfolio of course I always say go talk to your adviser you it allows to be a good mix of your risk tolerance but for risk adjusted return uh if you have a physical or a ETF say just a sprout you know precious metals ETF that's going to serve you very well uh and if you have exposure to gold and silver

that's great for me uh I think uh some of the producers we should keep an eye on especially uh ones that have a high uh production rate of silver because you know the the the silver story and the solar panels and all of that although it's taking a bit of a backseat to the new energy which is the old energy we're going to see a big boom in in energy of All Sorts that story isn't changing like I know people kind of think that this there's going to be a shift from no more EV talk and no more of of any of this

we're only just going to do the only kind of thing and I no no no no that that we're going to see a transition a proper one we're definitely going to see a boom in energy but we're going to also see this transition because you have to remember this PayPal Mafia and Elon Musk they're 100% on board with electric electrification um and also nuclear I mean all these billionaires are involved in in nuclear as well and also we keep in mind that Trump he created the critical Metals uh list in the states so

I think we're facing a very strong opportunity and good case once again if we can get through a lot of these talks and that kind of runs into the Tariff talk of how is it going to look uh if we said to Canada or Canada said to the US yes we would like to deliver medals to you uh and they turn back and go it it takes like 10 years to get a permit with you guys it's terrible uh that being kind of factious but they but we know that between bureaucracy Federal down uh they've make it very difficult to do

business um and and I think that he's talking with different leaders to say you know can we knock that around can we get a new can we get a new regime that's going to play ball with us and be more open to business and that's what my hope is yeah I think we'll definitely see how that pans out I believe we had Doug Ford talking either today or yesterday about potentially Canada and the US working together on critical minerals so we'll see what happens with that I want to use silver as a jumping off point to take a

look at your economic Outlook silver of course as we mentioned has its precious side it's got its industrial component and there's a lot of questions going on about the Chinese economy US economy what's going on globally so what are your thoughts there for 2025 and how could that potentially impact silver and perhaps copper sure well we've seen copper I mean it's jumped just from the beginning of the year doing quite well I mean this is why I I like the precious metals I like gold and I like silver

because just because I feel optimistic that things might be changing and once again th that's a lot of May and wishes and hope uh none of the problems from the past years or since 2008 have been solved I mean we still have the same problems and there really has to been a plan like here's how we're tackling debt here's what's going to happen with this uh so although even people if they're if they're really excited about uh you know a red wave and a red win in the states

okay great be optimistic but once again nothing's been solved so it's going to take a lot of work and even in our best case scenario uh it means holding precious metals is smart uh it just simply is the Assumption at first was going to be there would be massive quantitative easing uh we've seen Dr Paul back off that quite a bit um under the idea that this lest jobs report was so amazing uh that maybe there's no need for it I suspect like almost all the other jobs reports it's going to be

revised severely down uh when reality hits uh but in any event there is the issue of inflation wearing it's ugly head again and that's something we have to be very mindful of and that you know once again gets back into that tariff talk that that might cause a massive uh inflation so in in any event whatever the solution is going to be it's going to be a bit bumpy regardless if we're on a right path to fixing it or we continue sliding that having gold having silver that is going to be uh a very strong

position to have and and hopefully people will start to pay a bit more attention to uh some of the the exploration companies that are hitting great numbers and the producers I mean some of these producers are doing are doing really well and we have favorites that we talk about uh in our substack but uh you know we're we I think I think this year could be a very pivotal year I'm very optimistic that it will be and uh I don't think we'll see the All Ships will sail kind of idea that you've seen

in the past from Juniors but there are so many uh and so many qualified uh projects that should be doing so much better than they are and that should give people some some hope and I know that a lot of people that have been in it for a long time we sick of hearing about it but it it is coming it is coming and it's just a matter if we can see that pathway to uh a business plan an approach to can we get these things done I think that would give people a bit more optimism rather than a lot of hope that the right people are in place

to pull it off yeah I think definitely we can see the case for gold and silver and I think another important point this is the second time just this week that I'm hearing this mentioned is that we're in a market where some stocks will go up but it's not that Rising tide lifts all boat kind of environment so I think that's really important to take away from this I'm hoping we can we can drill down a little bit into the critical minerals energy side right now I think as you're mentioning we've got the big

list of critical minerals there's lots of things being added so many that are important what are you most excited about on that side how should investors handle this when there's so many different ones that seem important right now yeah it's very tough like I mean there's certain uh once again certain companies I I'll just mention this one power nickel is one that I love because it covers a lot it's it it has some great copper uh results of course it has the nickel in it as well and uh that's a

company on it on its stand alone kind of like liath has been producing results that are are incredible and uh I think in a healthier frothier Market would be doing so much better but once again uh you know they're producing results and you get to see it and if it becomes what you know Dr step barisford thinks it could be and what he Compares it to with like a Nork to some degree like I'll say like a half or a fraction of a norisk but that's kind of what he's comparing it to that would be incredible for

Canada to have that type of deposit so uh that's kind of an example of one company that hits a bunch of different ones the uranium story is going to be uh you know it'll it'll be up and down but it's going to be a very long run it has to be because we see all these billionaires and I I talked about I think a year a year and a half ago that I didn't see it being that government was going to uh do permitting to allow nuclear it was going to be a bunch of billionaires who said we need nuclear uh

for their own use and that's what we're seeing they either started nuclear companies themselves or you know kind of like Sam Alman with OKO or they're Microsoft and they they've done deals with constellation to restart Three Mile Island all this is huge for the uranium sector and also for companies like camoo who went in uh with Brook field and bought westing house was it about a year a year and a bit ago so they're vertically integrated they pull uranium out of the ground and they make reactors

so this uh these aren't short-term stories you know like building a reactor isn't a short-term play uh but it is a very very big optimistic play to look down the road to go this is going to con constantly grow and it is an acknowledgement whether it is from whatever the political stance you are that nuclear is the answer and there's been commitments whether it's at cop uh even world Forum or even from Republicans that that nuclear is part of the tool belt that we need to use yeah

and I think you alluded to this earlier in the conversation about okay so we need nuclear but we also probably need all different types of energy so any thoughts you would add there I know a lot of people I've been speaking about are pretty bullish also on on oil and gas some people even coal as well I've i' listen I I I like all energy it there's a I look at it like you said as a tool belt that there's certain places that it makes more sense than others uh you know you're not going to try to go

to geothermal where there isn't that opportunity you're not going to use solar in in a cloudy climate with no access to Sun um and batteries don't work as well in freezing cold so there's it's just you and you use hydro where you can as well so you can't just create a Hydro Dam out of nowhere so I think that people if they look at this on a more measured uh kind of approach rather than stop oil all oil and gas and only use solar only use this only is is kind of silly is that we have to look at it

go we're always going to use oil and gas quite frankly I mean I think I could say that or at least I could safely say for this next 50 years because it's used in everything but I think the next four years you're definitely going to see uh that it's going to pick up and it should I mean we it's not like in Canada we don't use it we just import it often from like Saudi Arabia for a while we did then from the US or wherever you happen to be that I think you're going to see places like Alberta they have the

very big potential of a massive boom uh good for them that would be great and once again I think people need to look at it more from uh a transition from an actual transition the word meaning is that we shouldn't just cut off all here in the west and say we're not going to use oil and gas or we're going to ban this and ban that it doesn't make any sense when we're allowing them to do it in other countries uh it doesn't benefit us it only harms us and especially in Canada when you had deals to send liquid

natural gas to Partners European Partners uh that wanted it and then to turn it down I mean it's I mean it's and once again I'm trying to stay away from politics but it's it's incredibly in it's insane it doesn't make any sense um because you could be doing this transition while you're funding all these other incredible opportunities because once again these aren't short-term Solutions whether it is nuclear that's already proven uh it takes a lot of time and effort to build

out the infrastructure get Crews ready to be able to build out nuclear reactors and that whole infrastructure to support it um these are huge undergoing projects that haven't even started I mean they're very very small scale that would need to be kicked up and ramped up to a massive scale if we're attempting to do any of the things that uh we hear they'd like to do okay I think we've we've talked a lot about the opportunities coming in 2025 anything that you're looking at and

thinking I'm gonna stay away from that this year oh stay away from uh you know what I we we we talked a lot about uh paler and it's done exceptionally well in the last year but it's almost done too well so we like to you know we we we had a great time with it that's really outside of what our uh our newsletter is about what we focus on which is mostly Mining and uh and energy but uh we we like to keep our eye on AI and uh paltier I saw as being a software company that was truly applying AI in an

incredible way um it has had an amazing run we're kind of out of it now but I still see the long-term benefit of paler is huge um I'm very cautious of some of the big huge you know Tech they they've just done so incredibly well uh and we need to see more case use uh and revenue generation from some of these AI models and what comes of it so I'm cautious on the keep me my eyes peeled on it um and I think if someone made a bundle of money on some of these deals they should be looking to diversify but um having

your entire economy or like 30% of the stock market being seven stocks is dangerous it's not good it's not a it's not a helpful or beneficial thing it's too much concentration in in one thing and especially since it's almost all on the backbone of data and AI That's that's a little bit that's a little bit worrying um that being said I mean the whole world gets pushed by energy first but they're all excited by technology so for me I think people if they were were

wanting some ideas they should be a bit more quote unquote boring and they should look to see how do I even get my robot how do I even get my AI data storage how do I even make any of that stuff and that means pulling out a ton of metals from the ground and looks at do we have the energy to meet the demands of you know trying to make one Bitcoin like it's there's a lot of money being used or a lot of energy used and a lot of time being used to create things and uh that's only going to grow at at a

very rapid rate and Technology isn't you know creating uh enough new uh inventions to to meet it so that's why there's a case for the oil and gas uh of that kind of stable backbone there's a case to get more nuclear going as far as like I I don't want to like like trounce any one sector but I just feel like there's ones that I'm just very focused in on and more interested in and it's too hard to focus on on all of them there's too much happening um but we definitely like the case for energy and

for this transition and that takes up enough time to just to follow all that with a little bit of following AI on on on the side just for fun yeah yeah certainly I think everyone will understand that you have to pick and choose in order to apply yourself the best way okay so this has been really good I think we covered a lot any any final thoughts that you would add Before I Let You Go no I just I think there's a lot of optimism out there I I think right now it's it's stressful the last

year has been stressful um you know we've had so many mixed messages about how you know this is the best economy ever things are amazing but most people feeling like no it's expensive I'm having a hard time things are rough and that uh that kind of gaslighting is frustrating uh I think we need to acknowledge that there needs to be a lot of work to be done and that hopefully that's coming and that especially I'll just speak for Canadians that they feel like listen I can like I can make a

living here not only can I make a living here I can also see an upside like a really big upside as an entrepreneur I can see a pathway to create some of the cool technology that I've been working on in in waterl if we have that we have young people really motivated and seeing that there is a pathway to success that would be that would be huge I think I think if we take well you always have to take a politician's word at at at uh at at not at heart that's just say that um if you listen to some of the things it

sounds good it sounds like it could be coming and I I'd rather focus on the hope that that good things could come that there could be a pathway to this rather than focus on the negative because the negative will happen regardless but if we can keep our eyes on the prize focus on what makes sense what makes things move what are the key ingredients we need to make anything uh then you've got a really good shot of uh really having some big asymmetric gains and that's what people need as well they

need to have some big wins and uh the mining sector in particular has that uh it can offer that to people it's just a matter of getting that messaging out so you know have hope have uh you know stay you know Vigilant and strong it's going to be a challenging time ahead but I think there's going to be a lot more opportunities a lot of m&a and I think we're going to start to see in a few weeks couple months here between vck am and pedac we're going to hear a lot of news so uh you know pay attention yeah

yeah it's busy times ahead so we'll we'll keep our eyes peeled on all those points that you mentioned and thank you so much for coming on to talk about what's going on and we'll hope to have you back again soon to go over once we have a little bit more clarity on what might be coming perfect well thanks Charlotte I always appreciate it uh and uh look forward to maybe seeing you as well at VRE we'll be wandering around there so thanks so much for your time of course fingers crossed hope to see you

there once again I'm Charlotte McLoud with investing new.com and this is Andrew Donnell with the market mindset thank you for watching if you like this video make sure you hit the like button and subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below [Music]