My thanks as always to Nitesh for joining me on this episode and sharing his insight. I hope you enjoy it. Please like and subscribe - it really helps us to grow the channel.

In this podcast, host Stuart Fieldhouse speaks with Fenix Resources Executive Chairman, John Welborn.

John talks about Fenix's simple mining extraction, transport logistics and port services. and their part in Western Australia exporting $60bn of iron ore to China. Stuart and John also discuss how iron ore prices have continued to perform well but given China's economic struggles, John gives his view on other areas that can sustain steel production going forward.

John suggests that the market is irrationally pricing Fenix shares and suggests there could be a re-rate on the back of its production expansion.

00:00 Intro to Fenix Resources
02:23 The Iron Ridge Mine asset
02:54 Western Australia and the global iron ore market
04:17 Who's buying the iron ore?
05:10 Fenix also has a logistics arm
10:45 Other projects and the CZR takeover bid
12:02 Fenix's financial performance
13:08 The iron ore market this year
16:36 Sustainability
19:14 Future plans

Mining iron ore and transporting it to China - with John Welborn, Fenix Resources | Ep.137

On March 7, we tipped Tesla (TSLA) as a short opportunity when it was trading at $270, down sharply from its $488 post-election high. Since then, the stock has seesawed between $259 and $288, caught in a whirlwind of tariff uncertainty and market indecision.

Now, following Tesla's latest earnings, we're diving deep into what’s really driving the stock:

🔻 Why Tesla remains one of Wall Street’s most shorted stocks
🔥 How vandalism, arson, and plummeting European sales are adding pressure
💰 The role of regulatory credits in Tesla’s profitability
📉 Is now the time to stay short or shift strategy?

Join The Armchair Trader as we break down the numbers, sentiment, and strategies every investor should consider.

Tesla Stock: Still a Smart Short or Bullish Buy? | Investor Insight

Following the Canadian election we catch up with Jordan Zinberg, President & CEO of Bedford Park Capital to discuss the tariff wars, trends in the Canadian market, three of Jordan's favourite small and mid cap stocks and his post-election wishlist.

For more great investing ideas, news and insight, sign up to our FREE newsletter at www.thearmchairtrader.com/newsletter/

For stock tips and deeper company analysis get a free trial of Armchair Trader Plus+ at www.thearmchairtrader.com/register

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00:00 Intro to the Bedford Park Capital fund
01:00 Why no resource bias to the fund?
02:10 The fund's performance
03:17 Canada's exposure to the US tariffs
06:17 Protecting yourself from unpredictability
07:28 Current trends in the Canadian market
08:50 How can you handle volatility?
10:11 IPO activity in Canada
10:54 Is there a sector that Jordan favours?
11:51 A post-election wishlist
14:05 Jordan's favourite stocks
19:33 Looking for dividend stocks
21:44 High-quality family businesses in Canada
24:16 Shareholder activism

Canadian Small and Mid Cap Growth Stocks with Jordan Zinberg, Bedford Park Capital | Ep.139

In this episode, we're diving deeper into the Majedie Investment Trust, with a special focus on a unique part of the portfolio — special investments.

Joining us is Arjun Menon from Marylebone Partners, the trust’s investment advisor. Arjun breaks down what special investments are, how they’re sourced, and why they play a crucial role in delivering high-conviction, high-return opportunities — all while maintaining the trust’s commitment to liquidity and risk management.

We’ll also hear about two real-world examples from the portfolio:
📈 An activist play in US restaurant chain Portillo’s,
💼 And a credit-focused opportunity involving Metro Bank’s bonds.

Whether you're an experienced investor or just curious about how institutional-grade deals are put together, this episode offers valuable insights into how a blend of external managers, direct equities, and special investments creates a truly distinctive strategy.

Listen on:
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Apple Podcasts - https://podcasts.apple.com/gb/podcast/the-armchair-trader-podcast/id1454640070
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00:00 Intro to Majedie Investment Trust
02:47 What is a Special Investment?
04:43 Criteria for selecting a new investment
05:17 Activist campaigns: Portillo's
09:34 Metro Bank bond investment
14:01 What asset classes do you invest in?
14:34 Network is everything
15:33 Staying on top of liquidity
17:45 Can these investments be accessed by retail investors?
19:22 How unique is the Majedie trust's portfolio?

Inside the Special Investments Strategy of the Majedie Investment Trust | Arjun Menon | Ep.140

We meet Stuart Thomas of Precidian Investments to learn about the importance of being currency-hedged.  We look at what currency hedging is and how to, when you buy a stock listed in a different currency from your own, mitigate the additional risks of currency fluctuation.

🎧 Subscribe and stay updated with insights from leading investors, fund managers, and innovators.

#Currencies #Forex #Hedging #Trading #GBP #USD

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00:00 Intro to Precidian Investments
04:39 What is currency hedging?
07:57 What currency risks are investors exposed to?
10:33 How can traders reduce your currency risks?
13:14 Are there enough ETFs outside the USA?
14:51 Managing the costs and fees of currency hedging
16:53 Does currency hedging matter for intraday traders?
18:27 Does it matter to me?
20:00 ADRs vs. forex futures
23:08 What can go wrong?

Why currency hedging is important for small investors - with Stuart Thomas of Precidian

We are joined this week by Jigna Gibb to learn more about ETFS - specifically Commodities ETFs.  Jigna is Head of Commodities and Crypto Index Products at Bloomberg and takes us through the growth of this type of investment, who is trading them and the latest trends.

We also discuss leveraged ETFs, which are less widely known in the UK than the US, how more people are taking short positions on ETFs, and lastly the friendlier regulatory environment around crypto ETFs.

Our apologies for the sound quality in this episode.

Listen on:
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Apple Podcasts - https://podcasts.apple.com/gb/podcast/the-armchair-trader-podcast/id1454640070
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00:00 What info does Bloomberg have on commodity indices?
02:06 The growth of Commodity ETFs
04:50 A way for private investors to gain exposure to commodities
06:33 Who is trading commodity ETFs?
09:11 Aside from gold and oil, what can you invest in?
10:54 Comparing futures-based vs physical ETFs
13:01 Trends in new commodity ETFs
15:43 Bloomberg's BCOM indices
16:58 What are Leveraged ETFs?
20:28 Taking short positions on ETFs
22:41 Crypto ETFs

Commodities ETFs with Bloomberg's Jigna Gibb | Ep.141

In this episode of the Investing, Markets & Money podcast, we're diving into the surging commodities markets—with a spotlight on gold and silver—alongside Nitesh Shah, Head of Commodities and Macroeconomic Research at  @WisdomTreeEurope .

🔑 Key topics covered:
Why gold prices surged to $3,500
How geopolitical risk and de-dollarisation are driving central bank gold buying
The silent gold accumulation by central banks—what they’re not reporting
Is gold becoming the world’s second reserve currency?
Why silver might be the next breakout star, especially with new industrial demand

📈 If you're an investor tracking macro trends, commodity cycles, or global monetary shifts, this is a must-listen.

👉 Subscribe for more expert insights, ETF trends, and global market analysis.

#Gold #Silver #Commodities #WisdomTree #InvestingPodcast #CentralBanks #Macroeconomics #GoldPrice #FinancialMarkets #DeDollarisation #InflationHedge #NiteshShah

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00:00 Gold prices
04:05 De-dollarisation
08:01 Central banks buying gold through intermediaries
10:44 Silver prices
15:42 Is the Gold:Silver ratio a good indicator?
17:25 How liquid is the silver market?
19:02 Platinum prices
23:23 Oil market thoughts
28:24 US administration pro-oil
29:36 Livestock futures
31:01 Commodities for smaller investors

Why Central Banks Are Buying Gold Like Never Before | Ep.142

Schroder Japan Trust is a London-listed investment trust that is focused on specific single stock opportunities within the larger Japanese equity market. It is an exciting time to be invested in Japan, with a cheap yen and the Japanese government pushing ahead with far-reaching reforms for listed companies.

On the podcast we talk to Schroder Japan lead fund manager Masaki Taketsume about running a best ideas portfolio in Japan. We discuss some of the key trends he is seeing in the market, including the yen, interest rates, tariffs and shareholder activism. He also explains the trust’s approach to stock picking and the benefits of investing in under-researched companies.

🎧 Subscribe and stay updated with insights from leading investors, fund managers, and innovators.

Listen on:
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00:00 Intro to the Schroder Japan Trust
01:45 Market cap of invested companies
02:37 The yen and Japanese interest rates
04:47 The effect of inflation on Japanese companies
05:57 Effect of trade barriers on Japan
08:00 Corporate governance and shareholder interests
11:25 Opportunities with under-researched companies
12:56 Which sectors are looking good?
13:46 Why is active fund management important with Japan equities?
15:17 Activist campaigns in Japan
17:27 Over-diversified business groups
20:24 Outlook for Japanese equities

🎧 Why Japanese Equities Are Booming | Masaki Taketsume, Schroder Japan Trust

Stuart meets Rezaah Ahmad of corporate bond marketplace WiseAlpha.  They cover the definition of a corporate bond and how they work, the size of the bond market, equity dividends vs bond coupons and what to look out for when considering investing in this type of asset.

If you enjoy these conversations, the best way to support the show is a quick rating or review — it helps more investors discover us.

Listen on:
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00:00 Intro to WiseAlpha Corporate Bonds
01:12 What is a Corporate Bond?
01:45 How they differ from Government Bonds
03:05 How big is the bond market?
03:45 Benefits of Bonds over Equities - dividends vs coupons
05:42 Which companies have corporate bonds, e.g. Ocado?
07:26 Bond holders are ahead of the queue
08:40 Investing in corporate bonds for pensions
09:51 Risks with corporate bonds
12:07 Paying attention to central bank rates
13:13 Bond prices vs bond yields explained
15:41 Bond ratings - investment grade and beyond
17:44 Liquidity - how do you trade?
24:58 Buying and selling on www.WiseAlpha.com

What are Corporate Bonds and How Do You Invest? | Ep.145

In this episode of Investing, Markets & Money, we dive into gold and precious metals with Robert Crayfourd, co-manager of the Golden Prospect Precious Metals Fund at CQS New City.

The fund has just been named Best Investment Trust for Growth at the 2025 Online Money Awards—and Robert explains the strategy behind its success. You can find more on the awards here - https://www.thearmchairtrader.com/online-money-awards/

Stuart and Robert cover:
- Why small & mid-cap miners can deliver better returns than gold ETFs
- Central bank gold buying and the weaponization of the dollar
- The outlook for gold, silver, and other precious metals in 2025
- How geopolitical risk, US debt, and interest rates shape the sector
- The value of active management in mining vs passive ETFs

👉 Don’t miss Robert’s insights on why gold may still be “underowned” and how his team finds opportunities others overlook.
If you enjoy these conversations, the best way to support the show is a quick rating or review — it helps more investors discover us.

Listen on:
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00:00 Intro to Golden Prospect Precious Metals [LON:GPM]
02:09 How flexible is the trust's mandate?
02:40 The global gold market
05:09 What has been driving the gold price up?
07:25 Geopolitical risk versus central bank holdings
10:55 Why buy an investment trust and not an ETF
12:30 Going on site visits
14:13 Managing risk
16:26 Political elements to running the trust
17:00 The trust's geographic exposure
17:47 Other metals besides gold: silver
20:55 Sustainability and corporate governance
22:41 Miners and government disputes, e.g. Barrick in Mali
23:56 Golden Prospect wins Best Investment Trust for Growth
27:08 Gold/silver producers using cash for development
28:12 Spotting takeover targets
30:20 How have ETFs affected the market?
31:49 The fund's subscription shares rights issue

Gold Mining Stocks 2025: Outlook, Risks & Opportunities, with Golden Prospect

The Armchair Trader Editor, Stuart Fieldhouse calls on his wealth of experience within the financial markets and extensive network of connections to bring you this investing podcast.

Stuart invites guests on to the show each week to discuss important themes within the financial markets. His guests include CEO’s of listed companies from around the world, from micro cap stocks to large established businesses. He speaks with Fund Managers about stock picking and the markets in which they operate, and he chats with Market Analysts about a range of topics that offer a broader view of the markets as well as insight on topical themes and trends.

Listen on SoundCloud, YouTube or wherever you get your podcasts.

Why Central Banks Are Buying Gold Like Never Before | Ep.142

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