Pete Speaks 9/8/26 6:30AM ET
Peter Grandich Sep 8, 2026 15:04
Summary
Grandich expects a serious US equity downturn post-Labor Day, citing 50 years of midterm election weakness and macro risks ahead of November.
A rising Japanese yen near USDJPY 150 and Japanese/Chinese Treasury sales could unwind the yen carry trade that has propped up US multiples.
He sees gold's corrective phase ending and silver heading to $7 by 2026, with the copper market outlook described as 'outstanding' on his blog.
Grandich highlights junior resource picks tied to Michael Gentile — Silver Crown Royalties, Big Ridge, McFarland — as ongoing winners.
The post also announces a CollapseLife.com subscription webinar featuring Gentile's two-hour Q&A across roughly 36 junior mining names.
Key points on Arizona Metals
- Peter says he has made 'a huge, huge bet' on Arizona Metals, framing it as his single largest stock conviction alongside Northisle Copper & Gold
- Peter cites Arizona Metals as one of Michael Gentile's standout successes when arguing Gentile's overall track record in junior resource stocks
- Peter clarifies he is not personally in the stock because of his bearish US-market stance and need for family liquidity, not because he has turned against the name
Key points on Radisson Mining
- Peter calls Radisson Mining's performance 'phenomenal' since Matt Manson joined the company
- Listed by Peter among Michael Gentile's portfolio names he tracks
Key points on Big Ridge Gold Corp
- Peter cites Big Ridge as a Gentile success, noting the share price moved from $0.04-$0.05 to $0.50-$0.60
Matt Manson's takeaways
- Top takeaway Peter credits Matt Manson with turning Radisson Mining's performance into 'a phenomenal' run since Manson arrived at the company
Michael Gentile's takeaways
- Top takeaway Peter highlights Gentile's outsized track record in junior resource stocks, citing several names up 500%-2,000% alongside a few that fell 50%-99%
- Gentile is described as tracking roughly 36 companies with project-level recall, an unusual depth Peter marvels at
- Specific Gentile calls Peter singles out as wins: Silver Crown Royalties ($5-$6 to $40), Big Ridge ($0.04-$0.05 to $0.50-$0.60), Arizona Metals, American Pacific, Radisson Mining, Group Eleven, and McFarlane Lake Mining
- Peter and Gentile are co-hosting a paid webinar on CollapseLife.com the day of the broadcast, which Peter frames as a rare chance to access Gentile directly for two hours of Q&A
Peter Grandich's takeaways
- Top takeaway Peter calls for a serious downturn in the US equity market post-Labor Day 2026, arguing August was the window to get bearish before the midterm election cycle, which he cites as bearish over 50 years of history
- He is bullish on metals, framing the current gold pullback as a corrective phase whose lows are in (sub-$4,000 was the low) and expecting a 'grind higher' middle leg of a three-leg bull market
- Peter still targets silver at $7 (versus his earlier $5-by-2025/$6-by-2026/$7-by-2027 call) and expects silver to reach $7 before 2027
- Peter flags the yen carry trade and Japanese/Chinese Treasury selling as key macro risks, with USD/JPY below 150 framed as a potential 'nightmare'
- He prefers to hold substantial liquidity rather than be fully allocated to metals, given his overall market bearishness