MacroVoices #534 Dr. Pippa Malmgren: Superpower War or Superpower Hug?

Watch on YouTube ↗  |  May 28, 2026 at 14:41  |  1:50:30  |  Macro Voices
Speakers
Patrick Ceresna — Derivatives Specialist, MacroVoices
Erik Townsend — Founder & Host, MacroVoices
Jim Bianco — President, Bianco Research
Dr. Pippa Malmgren — Geopolitica Institute founder and CEO

Summary

Dr. Pippa Malmgren and Jim Bianco debate the Iran conflict and Strait of Hormuz closure. Pippa is optimistic on resolution and a shift to nuclear, while Jim warns of prolonged crisis and oil price spikes. Patrick Ceresna presents trades: buying crude oil dips and a uranium bull call spread.

  • Pippa argues US-China alignment and Rubik's cube diplomacy will resolve the Iran crisis.
  • She believes the US benefits from high oil prices and accelerates transition to nuclear power.
  • Jim warns that cheap drones have changed warfare, making Strait reopening difficult.
  • Jim believes oil inventories are being drawn down and prices must rise.
  • Patrick recommends buying crude oil dips targeting $100+.
  • Patrick presents a bull call spread on URA uranium ETF for nuclear theme.
  • Erik Townsend provides detailed analysis of Iran's enriched uranium as a threshold-state issue.
  • The market remains complacent, focusing on AI and semiconductors rather than oil risks.
Trade Ideas
Patrick Ceresna Derivatives Specialist, MacroVoices 86:37
Buy URA bull call spread
The energy crisis from the Strait of Hormuz closure may accelerate a shift from hydrocarbon dependence toward nuclear power and small modular reactors. The URA ETF provides exposure to uranium miners and the nuclear fuel cycle. Using a bull call spread with Jan 2027 options offers asymmetric risk/reward with a net debit of $2.20 and max profit of $7.80.
URA HIGH
Patrick Ceresna Derivatives Specialist, MacroVoices 102:03
Buy crude oil on dips
Despite the recent selloff on optimism over an Iran deal, the Strait of Hormuz closure is unlikely to resolve soon. Inventories are being drawn down and demand destruction will require higher oil prices. Patrick recommends buying dips in crude oil, targeting a return to $100+.
WTI MED
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This Macro Voices video, published May 28, 2026, features Patrick Ceresna discussing URA, WTI. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Patrick Ceresna  · Tickers: URA, WTI