This is Macro Voices, the free weekly financial podcast targeting professional finance, high net worth individuals, family offices, and other sophisticated investors.

Macrovoices is all about the brightest minds in the world of finance

and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are

your hosts, Eric Townsend and Patrick Suresna. Macrovoices episode 491 was produced on July 31st, 2025.

I'm Eric Townsend.

Legendary Natural Resources speculator Rick Rule returns as this week's feature interview guest.

I thought Rick was going to tell me that uranium was the hottest story going on in commodity markets,

but Rick surprised me by saying he thinks oil is actually even

more ripe for a rally than uranium. So we'll discuss oil, uranium, gold and silver, and much

more in this week's feature interview. I'll also be hosting a live debate for Zero Hedge on the

formative nuclear renaissance and where it's headed.

That's at 7 p.m. Eastern on Thursday evening, July 31st.

That's the same day this podcast will drop.

We couldn't include the link in your research roundup because it hadn't been published yet.

So just go to ZeroHedge.com just before 7 p.m. Thursday evening.

Or you can go back there later to find the replay link.

And I'm Patrick Serresden with the macro scoreboard week over week as of the close of Wednesday, July 30th,

20, 2025, the SMP 500 index up six basis points trading at 63. This number is not reflecting the

bullish reactions to Microsoft and meta earnings this morning.

We'll take a closer look at that chart and the key technical levels to watch in the postgame segment.

The US dollar index up 276 basis points trading at 9989. This is the first close above the 50-day moving average in 150 days,

begging the question as to if a short squeeze is underway. The September WTI crude oil contract

...