Are commodities entering a stealth bull market ? In this episode of In the Money with Amber Kanwar , portfolio manager Bob Thompson makes the case for why investors should look beyond tech and get serious about the next major cycle: commodities. Bob explains why gold, copper, uranium, and fertilizer stocks are poised for long-term outperformance and why we may already be in a commodity bull market that most investors are missing. From underinvestment in mining to decade-long US dollar cycles, he breaks down the macro forces driving this pivot and the historical parallels that suggest a major reversion is coming. In the mailbag, Bob names top Canadian stocks and sectors he’s quietly building positions in including Nutrien (NTR), Capstone Copper (CS), ARC Resources (ARX) , and Canadian Natural Resources (CNQ) . He also shares his outlook on Barrick Gold (ABX), Cameco (CCO), and Telus (T) , plus insights on the TSX Venture’s recovery and why gold has outperformed the S&P 500 since 2000. Then in his Pro Picks segment , Bob highlights 3 top-performing funds across energy and mining : the Sprott Physical Silver and Miners ETF (SLVR), the Dynamic Active Mining Opportunities ETF (DXMO) , and the Ninepoint Energy Fund all backed by managers with serious alpha-generating track records. If you’re questioning U.S. tech valuations, considering inflation hedges , or wondering how to invest in a multi-year energy and metals supercycle , this episode is packed with high-conviction, data-backed insights you won’t want to miss. Timestamps 00:00 Show intro 2:40 Why Bob Thompson thinks commodities will be the place to be for the next decade 05:20 Why are we in a stealth commodity bull market? 08:05 How to think bout being a commodity investor 10:50 The companies you should consider investing in during a commodity bull market 12:50 In order to get the macro picture right, you have to get the U.S. dollar call right 16:00 History doesn’t repeat itself but it rhymes 20:30 Crypto & gold 22:10 Why the TSX venture is poised to outperform 24:20 The AI trade as a commodity trade 26:00 Risk and reward in commodities and investing 31:00 ITM Mailbag: Why Bob likes gold, silver, copper and agriculture stocks 36:30 Arc Resources stock (ARX.TO) 37:45Canadian Natural Resources stock (CNQ.TO) 42:40 Barrick Gold stock (ABX.TO) 46:00 When to take profits in gold 49:40 Favourite non-commodity stock: Telus (T.TO) 51:30 Bob’s Pro Picks Sponsors This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20 For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned. Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. Links https://inthemoneypod.com/ https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypod
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