Fed and Trump are coalescing around STAGFLATION
Greetings, Investors! There’s a LOT to get to today — this past week’s effective “pivot” from the Fed…President Trump’s hugely-touted Executive Order to ramp up domestic production and financing (?) of energy and critical materials…and more. Keep up with the news on Stagflation!
But first, I want to give you an opportunity to be “grandfathered” as a Member under our current pricing structure while you can!
If you go to my Membership page RIGHT HERE, you’ll see that–for the first time in several years–our Membership rates will be going up a fair bit.
That too, however, will be as we augment our Members-only offerings and services, as you’ll be seeing in the coming days.
BUT–For those of you in our audience now, you can join, re-up or extend your present Membership for up to four years…and for as little as 32 cents/day!
This is as I DOUBLE for you whatever term you pay for!
The clock’s ticking…Don’t wait!
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Now, on to your weekend watching/listening/homework, starting with a Fed meeting this past week that was far more pivotal than is yet being understood.
You have perhaps already seen a few snippets in the news about how “Fire Marshall Jay’s” decision to trot out the word “transitory” again has quickly been met with ridicule, as it should.
In the present context it came as he for the first time suggested that–even if there are identifiable upward price pressures due to Trump’s tariffs–the Fed would view those one-off price increases as “transitory” and not react to them by tightening policy, all else being equal.
But that’s just the half of it, as I discussed in great detail during my usual post-F.O.M.C. podcast with The Prospector News’ Mike Fox.
You can LISTEN HERE or by clicking on the thumbnail below.
Beyond that, as you’ll hear, Powell and Co. came as close as they have yet to at least tacitly admitting that they simply cannot get back down to their ostensible and even massaged 2% inflation target.
And between their seeming course and the fact that so far Trump 2.0 has proven all hat and no cattle where the budget and ever-soaring debt are concerned, you can see why STAGFLATION was a word being uttered a lot the last few days.
And not just by Yours truly.
I’ll be diving deeper into how all this is likely to affect our portfolio mix in some comments in the next Members mailing which will be out ahead of the market open on Monday.
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Earlier this past week, I sat down with my friend Deepak Varshney, for present purposes to give a deeper dive into Formation Metals, Inc. (CSE-FOMO; OTC-FOMTF.)
You can watch our discussion RIGHT HERE or by clicking the graphic below…and when you do, you’ll see why FOMO shares (which we started with last fall via that company’s spinout from Usha Resources) have more than tripled since being listed on the CSE in October.
C.E.O. Varshney succinctly lays out the story behind the company acquiring the N2 Project in Quebec’s Abitibi-Greenstone Belt; one with substantial work already done and likewise great upside potential.
But more than that one specific project, this is a story of people who know how to get things done.
On that score, pay special attention to my own anecdote/experience at the recent B.M.O. Conference here in south Florida, where key FOMO Advisor and “insider” shareholder Jonathan Deluce (also the C.E.O. OF Abitibi Metals, as you already know) was uniquely conspicuous there!
Formation Metals, of course, remains a speculative BUY for our Members.
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Moving on, I also visited again this past week with Cali Van Zant at Investor Ideas.
As things turned out, it’s a great complement to my ensuing discussion with Fox, which was more so on policy and the big picture RE: the Fed and all.
With Cali, we DISCUSSED a host of specific subjects in some considerable detail; uranium, of course (as you see below and as I’ll also be discussing in the next Members issue) as well as energy, copper, nickel, lithium, gold and MORE (even a bit on cyber security and defense-related, “one-off” metals themes, adding to one new recommendation I just made to Members this past week and another coming ahead of Monday’s open.)
Further, we talked bluntly about the Trump tariff war…Canada’s looming election…permitting reform and the still-precarious place the U.S. AND Canada find themselves in…and related subjects.
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Near week’s end, of course, there were champagne corks popping and hurried, victorious-sounding posts on social media from many of the companies I cover and lots of others on some of that above subject.
Specifically, it was as the president unveiled yet another high-sounding Executive Order; this one–in part, “inspired” by the latest set of embargoes of critical materials/associated technology announced by China– on the subject of increasing American mineral production.
You can read the order HERE or by clicking the graphic below.
It all sounds great.
And as I have said many times, we’re going to be enjoying the best policy tailwind for extractive industries in the U.S. of our lifetimes.
But as I’ll also be discussing in the upcoming Members issue (as well as in a new podcast mid-week with Trevor Hall of Clear Channel Communications) Trump still is bringing a water pistol–and too much uninformed hot air, even if well-intentioned–to this World War 3 over commodities, as I’ve been discussing it for a while.
Permitting policy streamlining and some selective subsidies/D.P.A. loans/grants are one thing.
And that’s all good stuff as far as it goes.
Yet as you’ll be hearing in greater, renewed detail in the coming week (and I’ve discussed much of this already in recent months, if you’ve been paying attention) there are BIG holes to fill and some FAR more considerable economic policy work to do for all of this to work as we all want and need it to.
Don’t get me wrong: I am and will remain 110% on the side of what President Trump and his team are doing on this front.
But beyond permitting reform and such, the broader “math” is still against us…and against the president and his goals.
I’ll be explaining anew why this is and what needs to happen to change that.
All the best,
Chris Temple
Editor/Publisher
Saturday, March 22, 2025
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