Trey Wasser on Commodity Culture: Gold poised for gains after defying negative trends. New “spectacular” high-grade gold discovery announced. Tariffs are seen as potentially beneficial long term.
Wasser began by addressing the immediate market reaction to the latest barrage of tariffs, a move he believes could ultimately benefit the US economy in the long run. Despite the initial market jitters, Wasser stated, “I believe the guy will be… a genius in this whole thing,” referring to President Trump’s trade policies. He suggested the tariffs are a strategic maneuver to force negotiations, adding, “Sometimes the best negotiating can be done when the other side thinks you’re crazy.”
Gold’s Defiance and Emerging Tailwinds
A central theme of Wasser’s analysis was gold’s surprising strength over the past two years. He highlighted that the precious metal has appreciated despite traditional headwinds such as high real interest rates, a robust stock market, and a strong US dollar. “Gold has been going up steadily the last two years in the face of some bad fundamentals for gold,” Wasser noted.
Looking ahead, Wasser believes the confluence of potential declining real interest rates, a stock market correction, and the risk of stagflation creates an exceptionally favorable environment for gold. “Now you have just the opposite, you have everything… a perfect setup for gold,” he asserted. He also expressed confidence in gold equities, revealing, “I was adding to positions this morning on gold stocks,” indicating his belief that producers are currently undervalued.
The interview also touched upon President Trump’s public calls for the Federal Reserve to lower interest rates. Wasser acknowledged the unconventional nature of this pressure but concurred that lower rates would likely provide further upward momentum for gold prices. “I mean I think… the interest rates will come down here mainly because of the weakness of a weaker economy,” he predicted. The recent dip in oil prices, a significant input cost for gold mining, was also cited as a potentially positive factor for the profitability of gold producers.
Dryen Gold’s “Spectacular” New Discovery
Beyond his macroeconomic insights, Wasser shared significant news regarding Dryen Gold’s exploration efforts. He announced a “spectacular intercept” in deep drilling at the company’s Allora structure, featuring significant visible gold. While assay results are pending, Wasser emphasized the geological similarities to the high-grade bonanza grades found in the renowned Red Lake mining district.
“It really is a a spectacular intercept,” Wasser exclaimed, detailing the mineralization in sheared basalts with disseminated sulfide ore. He explained that the discovery was made possible by recent access allowing for more strategically angled drilling. “Now that we’re drilling straight through it, we’re starting to see that it it could be potentially a real big addition to the Allora structure.”
Expanding Exploration and District-Scale Vision
Wasser outlined Dryen Gold’s broader exploration strategy, encompassing the Gold Rock camp, the high-grade Sheridan property, and the newly identified Henman target. He highlighted exceptional surface sample grades at Sheridan, reaching up to 617 grams per ton, and the promising early results from Henman.
Wasser emphasized the district-scale potential of Dryen Gold’s land package, which has attracted the attention of major industry players. 1 “If we prove to the market that we’re in the next Red Lake camp, we don’t just own a project, Jesse, we own the whole freaking camp!” he declared, underscoring the company’s ambitious vision.
Trey Wasser’s interview on Commodity Culture provides a compelling narrative for gold’s prospects, building on its past resilience and highlighting emerging positive fundamentals. Coupled with Dryen Gold’s exciting discovery and expansive exploration plans, Wasser presents a potentially lucrative opportunity in the precious metals sector. Investors will be keenly watching for assay results from the Allora intercept and further developments in Dryen Gold’s district-scale exploration program.
