Palisades Gold Radio · Thursday, July 16, 2026
A speaker stresses that success in the capital-intensive and cyclical mining industry hinges on being a contrarian. He points out the paradox of people wanting to buy commodities like uranium at high prices after the narrative has been justified by price action, rather than during periods of lower prices.
“The mining business, the extractive business in general is a capital intensive, cyclical business. And you are either a contrarian or you will become a victim.”
“People understand that empirically, but they don't understand it intuitively. And everybody wants to be a contrarian when it's popular, which is sort of a contradiction in terms.”
“Nobody wants to buy uranium at $8 a pound and everybody wants to buy uranium at $80 a pound. It takes the price action to justify the narrative, but the price action devalues the narrative.”