c8alpha
Investors / stance tracking

What Jonathan Wellum is saying

CEO & CIO, RockLinc Investment Partners

123 dated public stances tracked since 2024-08-01, most recently 2026-08-21. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.

The stances below are c8alpha's editorial distillation of Jonathan Wellum's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Jonathan Wellum is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.

Think we got something wrong? Report a misattribution — we correct it or take it down.

123
tracked stances
48
themes
1
side flips
2026-08-21
last heard
Returns  90d +8.8% (n=132) · 180d +18.1% (n=131) · 1y +31.6% (n=105)

Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.

View flips

Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.

AAPL — bearish2025-02-21 → bullish2025-07-24

Most-argued themes

ThemeStancesLeanMixLast
GOLD1313 bullish2026-08-21
FNV77 bullish2025-02-05
AEM55 bullish2025-04-04
BUR55 bullish2025-06-30
WPM55 bullish2025-02-05
AMZN44 bullish2025-07-24

Tracked stances

bullish / bearish is a view they argued; owns / short is a position they said they hold.

2026-08-21 URANIUM bullish Wealthion · video
Uranium is a core energy-transition and nuclear-power play that Wellum's firm has deliberately concentrated in as one of the key commodity areas with durable demand
“uranium when it comes to energy and nuclear”
The Commodity Boom Is Here — But Investors Could Get Burned
2026-08-21 SILVER bullish Wealthion · video
Silver is the most important conductor in the EV and data center buildout, creating sustained industrial demand beyond its precious-metal role, and Wellum's firm has concentrated in it as a core holding
“silver, which is most important in the whole electric vehicles, data centers, contact conductivity”
The Commodity Boom Is Here — But Investors Could Get Burned
2026-08-21 POTASH / AGRICULTURAL NUTRIENTS bullish Wealthion · video
Potash and farm-input nutrients represent a focused area of attention for Wellum's firm alongside metals, reflecting the real-asset scarcity theme extended to food production inputs
“potash, and some of the nutrients that go into the farming area”
The Commodity Boom Is Here — But Investors Could Get Burned
2026-08-21 COPPER bullish Wealthion · video
Copper is the most predictable of the key industrial metals and benefits from electrification demand, which is why Wellum's firm has concentrated exposure there relative to more speculative commodities
“copper, which is more predictable”
The Commodity Boom Is Here — But Investors Could Get Burned
2026-08-21 SII bullish Wealthion · video
Sprott Inc. is the parent of a growing suite of commodity ETFs and earns fee-based revenue across the entire commodity spectrum, making it a diversified, lower-risk play on the commodity cycle versus owning individual miners
“you buy a management company that has fee-based revenue coming out from all of these various investments across the whole commodity spectrum”
The Commodity Boom Is Here — But Investors Could Get Burned
2026-08-21 GOLD bullish Wealthion · video
Gold serves as a monetary substitute asset in an environment where real assets and scarcity matter, and Wellum's firm has deliberately concentrated in it as one of their core commodity holdings
“gold as a monetary substitute monetary asset”
The Commodity Boom Is Here — But Investors Could Get Burned
2026-08-14 GOLD bullish Wealthion · video
Record central-bank gold buying (now largest reserve asset above USD) plus 350% debt-to-GDP and $2T+ US deficits make gold the necessary purchasing-power hedge as the global financial system becomes increasingly unsustainable
“The central banks' largest reserve asset is gold, over and above the US dollar.”
The Financial System Is Cracking - Why Gold & Commodities Could Surge
2026-08-14 DXT bullish Wealthion · video
Dexterra is a Fairfax-backed Canadian facilities-management company generating 10% organic growth and a 9% FCF yield by serving reshoring and data-center clients with high switching costs and near-permanent customer relationships
“A free cash flow yield of 9%...they typically will be with a client for almost indefinitely.”
The Financial System Is Cracking - Why Gold & Commodities Could Surge
2026-08-14 COPPER bullish Wealthion · video
Copper faces a structural supply deficit driven by digitization, data centers, and robotics demand while supply remains constrained, evidenced by copper holding near record highs even as other commodities pulled back
“Copper didn't pull back very much at all. It's up at record highs because there's shortages.”
The Financial System Is Cracking - Why Gold & Commodities Could Surge
2026-08-14 SILVER bullish Wealthion · video
Structural underinvestment in silver supply while demand consistently exceeds production creates a supply deficit that, combined with the debasement trade, supports higher prices despite near-term pullbacks
“The silver coming out of the mine is going to make you the money.”
The Financial System Is Cracking - Why Gold & Commodities Could Surge
2026-08-14 long AEM / long WPM / long FNV basket Wealthion · video
Gold mining equities are priced as if gold trades in the mid-$3,000s while gold is at ~$4,300 and margins exceed $3,000/oz, leaving enormous free-cash-flow expansion unrecognized by the market
“Their margin was running over $3,000 an ounce. That was their margin.”
The Financial System Is Cracking - Why Gold & Commodities Could Surge
2025-10-21 GOLD bullish Wealthion · video
Unsustainable global debt loads across the US, Canada, UK, and France make fiat currency debasement inevitable, and gold is the durable store of value hedge; they hold ~28–30% of equity assets in precious metals
“we just cannot see any path forward where fiat currency does not continue to lose purchasing power”
90d +15.9% · 180d +17.2%
Jonathan Wellum: The Great Divide - U.S. Strength, Canadian Decline, and the AI Bubble & Gold Play
2025-10-21 PAAS bullish Wealthion · video
Pan American Silver is a core silver producer holding within their precious metals allocation, fitting the thesis of owning the physical asset via operating businesses rather than paper derivatives
90d +65.9% · 180d +66.5%
Jonathan Wellum: The Great Divide - U.S. Strength, Canadian Decline, and the AI Bubble & Gold Play
2025-10-21 NVDA bearish Wealthion · video
S&P trades near 30× earnings vs a healthy 18–20×, implying ~50% overvaluation; AI companies cannot sustain infinite prices when capital returns will compress as investment scales
“you can't just put an infinite price on these securities”
Jonathan Wellum: The Great Divide - U.S. Strength, Canadian Decline, and the AI Bubble & Gold Play
2025-10-21 ROP bullish Wealthion · video
Roper Technologies has grown consistently at 8–9% per year with strong free cash flow yet the stock has done nothing for two years, creating a valuation anomaly in the software sector
“we're shocked at its valuation and the fact that it's really gone nowhere in the last couple of years”
90d -21.4% · 180d -29.7%
Jonathan Wellum: The Great Divide - U.S. Strength, Canadian Decline, and the AI Bubble & Gold Play
2025-10-21 DATA-CENTER INFRASTRUCTURE (SCHNEIDER ELECTRIC, BROOKFIELD) bullish Wealthion · video
Global data centers must grow from ~12,000 to ~90,000 by 2050; infrastructure enablers like Schneider Electric and Brookfield that build and power these facilities offer the growth exposure without the stretched valuations of semiconductor names
Jonathan Wellum: The Great Divide - U.S. Strength, Canadian Decline, and the AI Bubble & Gold Play
2025-09-11 Gold Miners bullish Wealthion · video
A curated basket of ~20 junior miners selected on balance-sheet quality provides diversified junior exposure, avoiding the 90% of juniors Wellum believes are essentially worthless
90d +19.4% · 180d +49.2%
Jonathan Wellum: Stocks Could Crash 40% as Economy Stalling
2025-09-11 COPPER bullish Wealthion · video
AI data centers, electrification of transportation, grid rebuilds, and digitization are driving 3–5% annual energy demand growth that requires a massive increase in copper mining, creating supply shortages even at 50% of current demand projections
“we're going to need a lot more copper”
90d +14.8% · 180d +25.3%
Jonathan Wellum: Stocks Could Crash 40% as Economy Stalling
2025-09-11 SILVER bullish Wealthion · video
Silver shares the same debt/fiat debasement tailwind as gold while also benefiting from industrial electrification demand, and the sector offers further upside even if gold corrects
“silver also could have some legs to it”
90d +48.4% · 180d +111.9%
Jonathan Wellum: Stocks Could Crash 40% as Economy Stalling
2025-09-11 ETN bullish Wealthion · video
Eaton provides critical electrical components for data center construction and grid modernization, directly profiting from the AI-driven surge in energy infrastructure spending without requiring a bet on any single AI winner
90d -1.6% · 180d +0.7%
Jonathan Wellum: Stocks Could Crash 40% as Economy Stalling
2025-09-11 ROP bullish Wealthion · video
Roper Technologies is a Buffett-style software roll-up that dominates niche market segments, compounds free cash flow into more acquisitions, and is at relatively strong value
90d -14.4% · 180d -31.3%
Jonathan Wellum: Stocks Could Crash 40% as Economy Stalling
2025-08-20 CCJ bullish Wealthion · video
Cameco is one of the best uranium suppliers globally with decades of reserves, making it the premier Canadian vehicle for nuclear energy exposure that competes directly with US alternatives
“Kamico is one of the best companies in the world in terms of supplies of uranium and decades and decades of uranium”
90d +18.2% · 180d +60.5% · 1y +35.9%
Jonathan Wellum: Canada vs. U.S. Stocks: Where Investors Should Put Their Money
2025-08-20 ENERGY bullish Wealthion · video
Canadian energy and resource companies are underloved and undervalued because passive capital flows bypass them in favor of US index giants, yet the underlying businesses are producing strong cash flows
“some of our great resource companies, they're doing quite well and making lots of money”
90d +7.0% · 180d +27.5% · 1y +53.2%
Jonathan Wellum: Canada vs. U.S. Stocks: Where Investors Should Put Their Money
2025-08-20 long WPM / long FNV basket Wealthion · video
Leading Canadian gold/silver royalty companies offer equivalent quality to US peers at better valuations because they are overlooked by passive flows concentrated in US indices
“the leading royalty companies in the gold silver space like Wheaton Precious Metals, Franco-Nevada — those are Canadian companies”
90d +10.2% · 180d +46.8% · 1y +53.9%
Jonathan Wellum: Canada vs. U.S. Stocks: Where Investors Should Put Their Money
2025-07-24 AAPL bullish Wealthion · video
Apple is down ~15% on the year, carries a fortress balance sheet with higher credit quality than the US government, and franchise optionality plus cash for M&A makes it a candidate for adding at current levels
“we're actually looking at that and looking at their options and seeing whether we should actually add a little bit more”
90d +21.0% · 180d +15.7% · 1y +56.4%
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 GROY bullish Wealthion · video
Gold Royalty Corp was a small overlooked royalty name no one wanted; Wellum built a large position and it is up 90% YTD, exemplifying the smaller-royalty-at-discount-NAV opportunity he continues to pursue
“that was a smaller royalty company no one wanted to own and it's up 90% this year”
90d +41.0% · 180d +107.6% · 1y +2.4%
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 MKL bullish Wealthion · video
Markel dipped to 1.5x book on underwriting challenges — cheap for a high-quality specialty insurer and mini-Berkshire compounder — with bond portfolio tailwind if rates fall
“it's a really good producer and underwriter and they also own businesses are like a little bit of a mini buffet”
90d -5.8% · 180d +3.2% · 1y -0.4%
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 TSU bullish Wealthion · video
Trisura (Brookfield spinoff, Toronto-based North American specialty insurance) grows at high double digits and is still trading well below his estimated intrinsic value near CAD $50
“it's still we think it's worth over 50”
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 NVDA neutral Wealthion · video
At a $4 trillion market cap the required growth to double to $8 trillion is speculative against a $90-100 trillion global GDP; Wellum explicitly passes despite 80% rally from April lows
“at this point to jump in the growth numbers expected in Nvidia now are very optimistic and we just cannot justify going in”
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 CANADIAN OIL AND GAS EQUITIES bullish Wealthion · video
Canadian E&P companies are generating strong earnings but trade at depressed valuations purely due to Canadian policy risk; any deregulation or resource-development shift could unlock significant multiple expansion
“our oil and gas companies are trading at low valuations because they're kind of in Canada, but they're making lots of money”
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 SBGSY bullish Wealthion · video
Schneider Electric is a global infrastructure play on data center buildout and grid electrification with substantial US operations, positioned for secular AI-driven energy demand growth
“helping you know data build data centers and also facilitate the buildup of the grid as electrification becomes more important”
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 SAND bullish Wealthion · video
Sandstorm Gold's combination with Royal Gold creates a stronger royalty vehicle that the market is underappreciating, while the stock trades near 1.5x NAV vs. 2-2.5x for the larger peers
“we think that combination is going to be a good combination. The market's not appreciating it in our view”
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 BIP bullish Wealthion · video
Brookfield Infrastructure is actively building out data centers, making it a lower-risk infrastructure vehicle to capture AI-driven capital expenditure without paying Nvidia-level multiples
“Brookfield Infrastructure — they're building out a lot in the data centers also”
90d +7.4% · 180d +8.8% · 1y +34.3%
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-24 AMZN bullish Wealthion · video
Amazon has multiple durable growth vectors beyond retail — AWS and newer AI-driven services — justifying its valuation as a large-cap compounder with expanding optionality
“we just see that they've got a lot of avenues for growth still in that business”
90d -6.1% · 180d -0.5% · 1y -0.1%
Jonathan Wellum: High Valuations, Tariffs & Why Canada Is Falling Behind
2025-07-02 US SMALL CAPS / RUSSELL 2000 bullish Wealthion · video
Investors seeking US equity exposure without paying inflated Magnificent 7 multiples can find well-run small-cap businesses in the Russell 2000 at meaningfully lower valuations.
“if you don't have to buy the mag 7 go down further go into the Russell 2000”
Marko Papic: The U.S. Gravy Train Is Ending — Cut Your U.S. Exposure in Half?!
2025-07-02 URANIUM bullish Wealthion · video
AI-driven data center buildout is creating a large secular increase in electricity demand requiring grid expansion, with uranium as a key energy source, while it simultaneously serves as a hard-asset hedge against fiat currency debasement from unsustainable…
“uranium... plays off two things: a long-term secular growth opportunity and also the pressure on fiat currencies”
90d +26.4% · 180d +21.3% · 1y +20.1%
Marko Papic: The U.S. Gravy Train Is Ending — Cut Your U.S. Exposure in Half?!
2025-06-30 GROY owns Wealthion · video
Gold Royalty Corp trades at 0.5x NAV vs Franco-Nevada at 2.5x despite holding best-in-class royalty streams on Tier-1 assets; a 2-3 year near-term cash flow lag creates a temporary valuation discount on fundamentally strong properties backed by counterparties…
“we took a big position in it at half net asset value. Now Franco's trading at two and a half, Groy's trading at half”
90d +75.6% · 180d +83.3% · 1y +24.9%
Buy, Hold, Sell: Jonathan Wellum on the Rules of Smart Investing
2025-06-30 BUR bullish Wealthion · video
Burford Capital dropped 15% on a Senate proposal to tax litigation finance companies at a higher rate, but at ~10x earnings and near book value the business is cheap and the legislative risk is an exogenous overhang rather than a fundamental deterioration in…
“something's trading at book value with the quality of a business like that—that's not going to cause us to run away”
90d -15.1% · 180d -34.7% · 1y -70.7%
Buy, Hold, Sell: Jonathan Wellum on the Rules of Smart Investing
2025-06-30 GOLD bullish Wealthion · video
Government spending, growing deficits, and money printing are structural tailwinds for precious metals, and despite strong recent performance the sector remains underweighted in most portfolios.
“even now it's probably underweighted in most people's portfolios”
90d +15.6% · 180d +30.8% · 1y +20.8%
Buy, Hold, Sell: Jonathan Wellum on the Rules of Smart Investing
2025-06-09 GOLD bullish Wealthion · video
Governments globally are still spending 50% more than pre-COVID with no meaningful cuts, normalizing fiscal deficits at emergency levels, which continues to debase fiat currencies and makes precious metals a necessary portfolio hedge
90d +9.2% · 180d +25.7% · 1y +27.4%
David Rosenberg: Gold to $6,000 & Why the U.S. Dollar Is Losing Its Power | Part II
2025-06-09 Commodities Broad bullish Wealthion · video
The commodities underpinning AI, data centers, and the energy revolution are trading at 10-20% of the valuations of the tech companies they enable, creating a valuation dislocation opportunity for patient investors
90d +2.4% · 180d +6.3% · 1y +38.7%
David Rosenberg: Gold to $6,000 & Why the U.S. Dollar Is Losing Its Power | Part II
2025-04-23 USTS short Wealthion · video
Debt levels are enormous and rolling over, the Fed remains inflation-focused, foreign confidence in the dollar is eroding, and the bond market is already rejecting current policy — making duration risk unattractive.
“we've been very short on bonds”
Jesse Felder: Stocks, Bonds & the U.S. Dollar Are All Breaking
2025-04-04 AEM bullish Wealthion · video
Agnico Eagle distinguishes itself among gold miners through disciplined capital allocation and strong management execution, making it a preferred individual miner holding despite the sector's operational complexity
“Sean Boyd's an amazing um executive and they've run that company well”
90d +21.0% · 180d +72.0% · 1y +111.4%
Larry McDonald: Investors Fleeing U.S. Markets - Where the Smart Money Is Going | Part II
2025-04-04 MAG owns Wealthion · video
MAG Silver provides selective levered exposure to the silver bull thesis within a portfolio that prioritizes royalty companies over operational miners, for investors who want a direct miner alongside royalty holdings
“Mag Silver. So we do have a couple of miners”
90d +63.4%
Larry McDonald: Investors Fleeing U.S. Markets - Where the Smart Money Is Going | Part II
2025-04-04 SBGSY bullish Wealthion · video
Schneider Electric supplies critical electrical infrastructure for data centers and grid upgrades, positioning it to compound durably through the AI buildout and energy transition capex cycle
“companies like Snyder Electric which provides parts and equipment for data centers for building up of the electrical utility grid”
Larry McDonald: Investors Fleeing U.S. Markets - Where the Smart Money Is Going | Part II
2025-04-04 OIL AND GAS EQUITIES bullish Wealthion · video
Energy sector free cash flow yields are high relative to valuations and the sector provides an effective hedge for stagflation and inflation scenarios, though position sizing is modest given volatility
“the free cash flow yields on some of the energy companies are really high”
Larry McDonald: Investors Fleeing U.S. Markets - Where the Smart Money Is Going | Part II
2025-04-04 long FNV / long GOLD / long GOLD / long GOLD (+1 legs) basket Wealthion · video
Precious metals royalty companies offer 8-10% organic growth from expanding royalty streams, safer and more diversified cash flows than miners, and levered upside to gold and silver prices without operational and political mine-level risks
“they've got 8 to 10% organic growth and that's without any change in the underlying commodity prices”
90d +15.0% · 180d +47.8% · 1y +67.7%
Larry McDonald: Investors Fleeing U.S. Markets - Where the Smart Money Is Going | Part II
2025-02-21 AAPL bearish Wealthion · video
Apple's law-of-large-numbers problem makes sustained 20-25% growth nearly impossible from its current base, so the position has been deliberately trimmed even though the franchise quality is undeniable.
“we did have a lot more in apple and that's become a much smaller percentage…they're having a tough time growing”
Jonathan Wellum: How I’m Investing in an Overpriced & Volatile Market
2025-02-21 Big Tech bearish Wealthion · video
AI productivity benefits are not yet proven and may already be fully priced in across the Mag 7, so concentration risk and stretched valuations justify a significant underweight versus the index.
“we're a little bit nervous about that mag 7 and therefore our waiting in it is quite low”
Jonathan Wellum: How I’m Investing in an Overpriced & Volatile Market
2025-02-05 GOLD owns Wealthion · video
All fiat currencies are debasing under unsustainable global debt loads, BRICS central banks are accumulating gold as hard collateral, and gold is breaking its historic inverse correlation with the dollar because it is simply overpowering every paper currency…
“gold and precious metals have become a much more mainstream part of our portfolios because of the monetary condition and the debt situation in the world”
90d +19.4% · 180d +17.7% · 1y +67.3%
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-02-05 Long Dur Treasuries bearish Wealthion · video
The US must refinance over $10 trillion this year on top of fresh $2 trillion deficits while inflation remains elevated, forcing bond vigilantes to demand higher long-end yields regardless of Fed short-rate cuts
“we're not going to be buying that stuff at 3%—we want a premium as you go out on the yield curve”
90d +1.6% · 180d -0.1% · 1y -1.7%
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-02-05 SPX bearish Wealthion · video
Tariff-driven earnings headwinds on the ~40% of S&P revenues earned overseas, combined with stretched valuations after back-to-back 20%+ years, create meaningful downside risk that warrants cash buffers and defensive repositioning rather than chasing the rally
“don't just move your models up—there could be a dislocation and a discontinuity”
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-02-05 AEM bullish Wealthion · video
CEO Shawn Boyd is a superior capital allocator whose disciplined acquisitions have compounded NAV while Barrick and Newmont have delivered flat returns in the same gold environment
“he just continues to blow everybody away in terms of his acquisitions and the ability to run that company efficiently”
90d +21.3% · 180d +34.1% · 1y +94.2%
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-02-05 SILVER bullish Wealthion · video
Silver faces a structural supply deficit as production fails to keep pace with accelerating demand from EVs, solar panels, AI infrastructure, and grid expansion, creating explosive upside potential once the deficit becomes undeniable
“it doesn't seem to me that we're producing enough and there seems to be a deficit—silver could be explosive”
90d +3.0% · 180d +15.8% · 1y +127.2%
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-02-05 URANIUM bullish Wealthion · video
AI data center power demand is structurally large and growing, nuclear is the only scalable carbon-light baseload solution, and Canada's Athabasca Basin holds centuries of reserves available at low extraction cost
“uranium is another one—if we're going to power all these AI and data centers we're going to need more uranium”
90d -8.9% · 180d +36.3% · 1y +77.5%
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-02-05 FNV bullish Wealthion · video
Franco-Nevada is a royalty powerhouse with perpetual deal structures that compound gold and silver production regardless of commodity price, and the Cobre Panama headwind is transitory while the core royalty stream keeps growing
“they just continue to grow anyway and today it's up nicely in a down market”
90d +21.5% · 180d +18.1% · 1y +59.5%
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-02-05 WPM owns Wealthion · video
Wheaton Precious Metals offers diversified gold and silver royalty exposure through a proven streaming model that converts mining production growth directly into cash flow without operational risk
“we also own Wheaten precious metals”
90d +30.3% · 180d +45.9% · 1y +99.8%
Smart Money & BRICS Are Rushing Into Gold | Jonathan Wellum
2025-01-02 SPX neutral Wealthion · video
US equity valuations at 23-24x earnings are the richest they have ever been, so a third consecutive 20%+ year is improbable — the market likely goes sideways even as the underlying economy does well
“the stock market is very expensive and people need to be careful — you can have a rip roaring economy and a weak stock market”
Boom or Bust? Jonathan Wellum’s 2025 Market & Economic Insights
2025-01-02 GOLD bullish Wealthion · video
Institutional distrust, sovereign de-dollarisation, runaway government deficits globally, and persistent central bank buying all sustain gold demand, with a price target above $3,000 within 12 months
“we would be looking at gold — probably pressing over 3,000 in the next 12 months or so”
90d +17.4% · 180d +25.3% · 1y +62.3%
Boom or Bust? Jonathan Wellum’s 2025 Market & Economic Insights
2025-01-02 Long Dur Treasuries bearish Wealthion · video
With over $1 trillion in US government debt rolling over, persistent deficits globally, and a US economy that is stronger than expected, long-end yields are more likely to rise than fall despite Fed easing at the short end
“on the longer end I don't think we get a pullback in the interest rates — if anything they could sneak up a little bit more”
90d -5.5% · 180d -2.8% · 1y -3.8%
Boom or Bust? Jonathan Wellum’s 2025 Market & Economic Insights

Showing the 60 most recent of 123 tracked stances.

Idea Scout Weekly

Every Sunday: who said what across the tape we track — 845 voices, 2,419 episodes and articles — with side-flips and points of disagreement called out. Free. How we track it.

Free · double opt-in · unsubscribe in one click

Newest stances reach Brief subscribers first; these pages update on a one-week lag.