In this episode, Arlen is joined by Tavi Costa, Founder and CEO of Azuria Capital and former Partner at Crescat Capital. Tavi and Arlen explore the structural case for a new commodity supercycle, why gold and silver could be entering a multi-year bull phase, how a weakening U.S. dollar may trigger a global capital rotation into Europe and China, and what investors should focus on instead of trying to predict the next market “trigger.”

🔎 Inside this Episode:
🔹 The structural case for a commodity supercycle
🔹 Why gold, silver & energy could lead this decade
🔹 The macro imbalances forcing lower rates
🔹 Dollar weakness & the “Great Rotation” into Europe and China
🔹 Contrarian plays: Chinese equities & European banks
🔹 What the most over-hyped commodity is right now (and what to look at instead!)
🔹 Why the trigger doesn’t matter — the thesis does
🔹 And more!

📌 About Our Guest – Tavi Costa
Tavi is a macro investor and mining entrepreneur, and the Founder and CEO of Azuria Capital. Previously a Partner at Crescat Capital LLC, he built a global following for his macro research and thematic investment frameworks. He is also the founding shareholder of San Cristóbal Mining, formed following the acquisition of the world’s fourth-largest silver mine. Tavi is regularly featured in The Wall Street Journal, Barron’s, and Bloomberg, and has presented at the International Monetary Fund.