Metals and Miners, Released on 4/10/26

Cornell Professor Dave Collum returns to the Metals & Miners pod on 4/8 for a hard-hitting interview on the announced Iran ceasefire, oil shocks, market crash risk, AI bubble, Fed policy shift, demographics, and why monetary metals may be the only real safe haven left. Dave warns the S&P 500 is dangerously overvalued and lays out why a 60-70%+ correction is not only possible — it’s probable. He also breaks down Iran’s “rope-a-dope” strategy, the real impact on the Strait of Hormuz, and why the consumer looks strong but is actually just surviving inflation.

(Timestamps are below the video)

00:00 – Intro
01:13 – Dave’s #1 Warning for Investors
02:31 – Ceasefire Analysis & Iran “Owning the Story”
06:12 – Rope-a-Dope
08:32 – Iran’s Remaining Capabilities & Underground Facilities
11:56 – Risk-Off for Financial Assets, Risk-On for Metals?
14:25 – S&P 2000 Target
14:55 – CIA “Ghost Murmur” Heartbeat Tech & Rescue Story
16:45 – Did Trump Have a Real Plan?
19:44 – Anna Wong Oil Replacement Claim
24:10 – Why Markets Aren’t Pricing In Panic Yet
27:34 – What’s Coming in the Next 6–12 Months
30:50 – Post-Hormuz World
35:30 – 2000 Dot-Com vs 2008 Style Crash Coming
39:42 – Middle East Capital Crunch & Petrodollar Impact
43:25 – Fed Powell, Inflation, and the New Warsh Fed
49:54 – Consumer Strength Is Mostly Inflation
53:03 – Dave’s Most Counterintuitive View
57:49 – Podcast World vs Wall Street Awareness
59:44 – Complacency Bubble
1:04:07 – Break-Even Jobs Growth Near Zero + Demographics
1:12:07 – Final Message

David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University. He holds a PhD, Columbia University, MS, Columbia University, MA, Columbia University and BS, Cornell University.

  dave collum, economy, gold, iran war, oil, silver