In this interview, veteran commodity investor John Polomny breaks down why the 2026 commodity supercycle is already underway, explaining how rate cuts, falling global interest rates, cheap energy, and years of underinvestment are setting the stage for major upside in gold, silver, uranium, copper, and critical resources. We discuss why the global economy may outperform expectations, why a major U.S. market crash is not his base case, and how capital could rotate from overvalued U.S. equities into undervalued commodity sectors. Polomny also shares his strongest asymmetric opportunity in uranium, insights on silver’s volatility and supply deficits, gold’s evolving role as a reserve asset, and what investors should watch as liquidity returns and demand accelerates across the resource market. 🗓️ Recording date: December 29 , 2025 📖 Topics Intro & Disclaimer Global Economic Outlook for 2026 Why a Major Market Crash Is Unlikely Rate Cuts, Liquidity & Falling Global Interest Rates The Commodity Supercycle Explained Why Gold Led the Commodity Rally Silver’s Breakout, Volatility & Supply Deficits Industrial Demand: Solar, AI & Silver Usage Capital Rotation From Overvalued U.S. Stocks Copper, PGMs & Years of Underinvestment AI Infrastructure Requires Real Resources The Uranium Supply Crisis Why Uranium Is the Biggest Asymmetric Opportunity Gold’s Role as a Global Reserve Asset Geopolitics, BRICS & Central Bank Gold Buying Long-Term Outlook for the U.S. Dollar Energy Prices and Their Impact on Markets Will Markets Correct in 2026? Inflation, Rents & Economic Reality Final Thoughts on Commodities & Investing