[Music] I'm Charlotte McLoud with investing news.com and here today with me is J Martin CEO of Cambridge house and host of the J Martin show thank you so much for joining me great to see you yeah good to see you Charlotte happy to be here yeah really good to be having you here today we're going to be talking about vac coming up in January but before we get there I want to get your sense of things going on in the resource sector right now I was hoping we could begin with sentiment so you know you're


very dialed into what's going on in this market how are people feeling right now just when it comes to overall sentiment it depends who you ask if you ask the commenters on my YouTube channel they're not feeling too good right now uh they are tired of hearing perpetual gold and silver Bulls come out telling you that the time is now to move forward and be brave and I totally get it I mean you've been in this business you know a long time right so you've been you've been watching the same movie right and it's a


it's a frustrating game being a gold and silver investor so I absolutely get it and you know what I'm what I'm watching now is like when the commodity sector moves right Commodities move at different speeds and they move at different times and different seasons right and so right now uranium's kind of running you know and uranium investors are getting some liquidity and some of those investors have been waiting for like half a dozen years for that liquidity and I spoke to some names that


you would be super familiar with and our audience would know very well who are selling right now aggressively because they're finally getting that opportunity as retail is piling in and so when these moves occur they occur really really fast and sudden and um and that's why you have to be the Contra and build the position when nobody else is because when the turn happens it turns fast and and investors that were in early I mean you know the names that we know individuals like Rick rule you know when


retail's piling in because the Market's moving they're buying the shares that Rick is selling because he built this position 18 to 24 months earlier right and that can be a hard game to play and I get it uh but you know right now I I I'm loving certain corners of this market right now because there's a handful of super high quality companies that's are trading at ridiculously low valuations and they're extraordinarily hated by the market and so I can walk in with no competition and buy cash flowing


gold producers for example with uh with no competition and you know I I I don't sweat the short-term volatility Charlotte so it's like you know if you get clear on your time Horizon as an investor then focusing on near-term things like you know what are what are interest rates going to do this quarter are we heading towards a recession this winter all this stuff it's like I don't know the answers to that but I can ask the question what the world going to look like at the end of the decade right


and and if I build my portfolio accordingly it's a lot less stress and more predictable it's a lot easier to predict big trends than it is to predict short ones and so uh that's how I tend to think about it yeah I think you're spot on with that split in sentiment I'm seeing the exact same thing between the guests that we speak to here on our YouTube channel and our commenters who are feeling a little bit weary and beleaguered with what's going on so interesting to see that


you're you're seeing that as well and So speaking about those big macro Trends I there's a lot going on right now and I'm curious to know which of those large Trends you're watching most closely because I'm sure that's going to shape how you arrange VRC coming up in a few months yeah absolutely it's crafting a lot of I mean we're building our agenda right now and so we're zeroing in on the key topics that I want to make sure we address and the key questions that I


want to debate on stage um and the the number one theme without question is raw material insecurity I mean that's how I would Define it and again it gets back to a bigger Trend that we're watching which is you know you call it the Del globalization Trend or the the end of the era of trust that you know you and I have lived through our entire life but we're definitely in some kind of a transition of global power and I don't think it's G to happen fast not as fast as some of the Doom and Gloom experts


might predict I don't think it's going to be simple and I don't think it's going to be predictable but I absolutely believe were coming towards the end of an era and for no other reason than if you look at the lifespan the typical lifespan of global Empires you know and over the last 600 years we've seen the rise and fall of the Portuguese Empire the Spanish Empire the Dutch Empire the British Empire we're living through the American Empire that's a lot of Empires squeezed into 600 years so it tells you


a little bit about the expeditious nature with which power rotates around the globe and so just using that as a framework should maybe shed a bit of light on what inning we're in you know in terms of that puck getting ped and there's a handful of of things that you tend to see towards the sunset years of an Empire and generally it's like insolvency of the state and we're seeing that you know monetary expansion uh to cover you know Amplified deficits and we're watching that and typically that's


paired with um Rising civil unrest that kind of borders on Civil War and yeah I don't know if we're quite there yet but you could make an argument that we're pretty close and the third point you often see is is rising external competition we're definitely seeing that too and that Rising external competition towards the sunset years of an Empire is rarely just one power it's often a Syndicate of rising countries that are able to put aside their ideological differences in order to align to unseat


the global power and we're seeing that absolutely um and so all that means is that the next two decades a re probably a lot less certain than the previous two um and and when we're in an era of global trust trust enough that countries will buy and sell whatever materials they need from whoever has it if you have the cash or the credit you get access to whatever it was you needed that's the era that's over that's what I'm very clear on and so if your supply of raw materials is suddenly no longer


guaranteed then the value of those raw materials skyrockets because of how much more important they become and you know that's my base case for for the commodity super cycle I think we're in it already not waiting for it to begin these things sort of start and fits and starts you know and and uh we've had some great years since 2016 you know two good good rallies and I think there's more to come but I I think that you know coupled with a decade of of just starvation of capital um were under


supplied in a lot of these buckets couple that with the fracturing of of Supply chains and resource scarcity is a real thing and it's going to be the theme of the decade I believe yeah and you know usually when we talk in the leadup to this event I ask you something along the lines of what Commodities are we going to be focusing on this year where's the focus going to be but talking about raw material supply shortages supply chain insecurity one of the things I've been hearing repeatedly is it kind of applies


to all Commodities so any thoughts any thoughts there 100% I mean uh 25% of the world's grain Supply comes from Russia and the Ukraine um the hottest CH chart in the world right now is live cattle futur for three years straight it's just a hockey stick curve up to the right um you're absolutely right it's it's not I mean you know you and I work in the metals business so we we talk a lot about that but raw materials are the building blocks of every part of our civilization and um and that's what I'm


very focused on because that it's the supply chain of everything um and so you know we're seeing interesting chess moves being made by the suppliers of certain key materials you know pulling back to Metals For example Indonesia's put a hard B ban on their nickel exports so they're the world's largest nickel exporter I mean they put the whole world on notice with that ban and just for clarity sake they didn't they didn't ban the exportation of nickel but they used to export raw nickel now they're


refining it inside the country and then exporting it they increased their revenues on nickel exports by 30 times by the way on this move so but they're you know um they're increased in C their increase in revenue is someone else's cost and this is you know this we're gonna see a lot more of this right because countries are going to begin to play the hand that they've got you know and Country like Russia it's it's energy right that's their true Reserve currency and we're seeing moves about like uh


limiting their diesel exports on the back of we're already seeing diesel hitting all-time highs seasonally anyways and Diesel is the universal input to everything so if the price of diesel goes up the price of everything goes up um and by the way Russia's fighting a war so if you expect their energy policy to be predictable like there's no way it's going to be right they're running short on everything as well and so um it definitely extends Beyond Metals uh little pockets run at various


times you know like I said cattle's been on a tear uh Uranium on a tear today and you'll see that rotation go through various hard and soft Commodities over the next few years great so I'm curious to know how you take these big trends and themes these large macro ideas and translate them into investment ideas so I think a lot of investors know what's going on but maybe they don't quite know how to put that into something in their portfolio great question Charlotte so I'm going to use this as a segue can I


promote a product that we just just completed here go for it yes super excited about this so so we've had that question at the VC for the last two years in more abundance than I've ever heard of before subscribers asking the same thing I mean they're watching the same story that you and I are they understand that you know the quote unquote smart money is rotating away from speculative growth stocks and towards Commodities towards raw materials towards value long-term and yield and so we built the commodity


University this is an online course it's a 10chapter lecture series uh directed by myself and and many names that you'll be familiar with from the business it really starts at the beginning the first chapter is what is a commodity and 10 chapters later you're into portfolio construction everything in the middle is like what economic indicators to pay the most attention to you know how to determine supply and demand imbalances risk management we do deep dives into gold silver copper uranium energy metals


and so we we built this course to answer that question how do I get started anybody who consumes it will be armed with all the information they need to carry on an intelligent conversation about investing in the commodity sector that's the takeaway once you've completed this course and so you know we cover the various Vehicles whether it's like super passive ETFs Mutual funds Etc uh bullying all the way down to stocks which is you know the more risky end of the spectrum stock picking very very


difficult and I I think should be reserve for for expert investors or people who dedicate a lot of time but uh check out the commodity university.com it's all there I'm super pumped on this uh big project for my team and I we're really we're really proud of it okay amazing so yeah we'll leave the link to that in the video description if people want to check it out and I think that does sound really good for people who might not know where to start or maybe they've started and they just


don't know exactly where to go so really good uh going back to VC another thing I always like to ask is who should we most look forward to what should we be looking for in terms of speakers in terms of panels because I know you put a lot of thought when you're putting it together yeah so the the themes this year will be um debating the the Age of Empire of the US debating the strength of China on the back of um uh some serious demographic and debt problems um and but some very intelligent


geopolitical ties so the theme is really like we've picked up the chess board the geopolitical chess board we've shaken it around we don't know where the piece is landing yet everyone's got an opinion on that um and I'm very curious we've got about a 100 keynote speakers that'll be taken the stage and that's going to direct a lot of our conversation I mean I'm very focused on geopolitics this year Charlotte I think it's it's never been more front and center for me and


more fund Center for investors it's never been a bigger risk factor in portfolios um but it's just something that has to be discussed and understood this is not you know a uh it's not a massive risk unless you're paying unless you're not paying attention to it and so you know that'll be the the key pillar that directs most of our contents um and uh and then you know big deep dives into all those Commodities that I discussed so mean panels on opportunities within the copper sector


supply and demand economics what can we expect here you know there's a major Trend we're watching right now and i' kind of been waiting for this which is the arrival of Silicon Valley money to the mining sector and I've always been curious like when is the tech sector going to recognize that they're probably going to have to start writing the checks to extract the ingredients they need to build our Innovative future right if you're looking at smart grids smart cars electric vehicles uh smart


cities it doesn't matter you know the ingredients that you need to build that future uh comes from the mineral sector the same sector that's been incredibly starved of capital largely because Capital has been flowing to the the growth sectors like Tech and now we're seeing companies like cobal medals step up the founders and funders are individuals like Jeff Bezos and Jack Ma and Bill Gates and Richard Branson and they've invested hundreds of millions already into super early stage


exploration companies um and that company specifically their mission is to create Google maps of the Earth's crust and so they're applying Ai and machine learning technology to assay results to determine and hopefully expedite and improve the cost effectiveness of the expiration business which is dramatically needed and you know I had Ross spey on my stage last year and he was uh telling me that he doesn't believe there's a copper shortage it's like we have more than enough copper the


problem is it's beneath the surface and it's going to take a couple decades and tens if not hundreds of billions of dollars to extract it so we have an innovation problem not a supply problem but because we have the Innovation problem in the interim we have a pretty serious supply problem um so we'll be having a hard look at at uh where that capital is being directed and why and then deep dives into all sorts of other hard medals as well okay I'm sure it's going to be a great event as usual lots of really


interesting themes there to look forward to so as we're finishing up I wanted to ask you to share the details of where we can register for VC if we want to attend and also any final thoughts for investors you know as we're we've got a few months left in the year 2024 is coming up things that you would distill advice that you would leave people with I'll start with the uh the last part of your question I think it's a great time for patients in the market right now it's uh it's been a frothy 12 years in


the equities Market a lot of new capital rushing in fomo buying buying because your friends are meme stocks a lot of Mayhem a lot of craziness cryptomania I mean you name it right there's been no shortage of really really frothy rallies and frothy activity and I I feel that right now is the moment for investors to take their time be patient and remind themselves that investing is a lifelong Pursuit it's the same as Fitness or nutrition you don't just eat well for a day and feel better right you have to build this


into your lifestyle and and investing is exactly the same and the most important question that most investors never ask is what kind of investor am I you know and am I a long-term value investor am I a swing Trader you know am I a stock picker right am I just a passive uh passive yield investor like what am I looking for and you know the way you get to that answer there's a couple ways but one of them is like how much time do you actually have to invest in being an investor and again not today but every


day moving forward can you build that into your lifestyle because if it's half an hour a week then probably the past products are for you that's probably where you should go you know if you have a couple hours a day you could be a lot more aggressive but determine that amount of time you have to invest in being an investor sustainably right and and then realize that this is a long-term game it's not a get-rich fast scheme it's a goat broke fast scheme if you if you just rush in like that but if


you play your cards right it's a getrich slow scheme and that's how that's what you should think about it so you know rule number one is stay alive right stay at the table and if you look at any of the gurus in this business it's they've been patient they've been slow and they've stayed at the table they never put too much out there they couldn't afford to lose all this stuff so anyways having said that I'm very excited about the VC in January uh and all the details


are at Cambridge house.com you can register there general admission is actually free of charge then there's a handful of VIP options if you want to meet the keynote speakers or come to some exclusive evening events all this stuff but but uh agenda we have over have about 300 Junior mining companies on the trade show floor we have six stages around the perimeter around a 100 keynote speakers we should see around 5,000 investors this year and it's a ton of fun it's a very fun conference I love


hosting Cambridge house.com great and we will will add that link in the video description as well and it is a great event I'm really looking forward to it thank you of course for putting it on and thank you for coming on to talk about what's coming up what's going on in the markets right now I'm sure we'll have you back again before we see you in in January at VC thanks again look forward to seeing you in person of course and once again I'm Charlotte McLoud with investing news.com


and this is J Martin with Ca mbridge thank you for watching if you like this video make sure you subscribe to our Channel we'd also love to hear your thoughts so leave us a comment below we'll see you next time [Music]