#Gold, #silver, #platinum, #copper all hitting record highs together is unusual🧵

Whenever precious metals rally with industrial metals, people say it's a recession signal. Historically, it often is but this time there's a massive structural driver in Central banks, which have bought 25%+ of all gold demand in 2025.

They're shifting reserves away from US Treasuries into gold permanently. For the first time in decades, central banks hold more gold than US Treasuries (That's de-dollarization)

Silver and copper's rally is because of pure industrial demand in AI data centers, EVs, solar panels, mine disruptions, tariff stockpiling.

➠ What's happening onchain?

Tokenized #commodities mcap just hit $3.93B. That's 278% growth in one year (we were at $1.04B last December)

➣ #XAUT (Tether Gold): $1.75B mcap
➣ #PAXG (Paxos Gold): $1.62B mcap

Both up 10%+ in the last 30 days tracking gold's rally. Now the real shift I see here is on perpDEXs. Platforms like Ostium.com which is built on #arbitrum just crossed $30B in cumulative trading volume.

I was looking at their onchain data and saw crypto is less than 2% of their activity. RWA dominate ~93% volume share. Commodities itself has 55% of daily volume

‣ Up to 200x leverage
‣ No withdrawal limits, no KYC
‣ Public fees, liquidity, OI is verifiable
‣ $5B+ in metals alone
‣ OI is at $225M

Ostium generated $3.79M in protocol revenue in Q4 2025 alone. $2.34M gross profit. Most competitors have higher OI/volume but 95% crypto-focused.

Ostium is ranked 9th based on OI among all perpDEXs despite focusing almost entirely on RWAs (has 39 pairs)

That positioning is what's driving growth now. Degen traders want macro exposure without off-ramping to custodial brokers. TradFi users want no KYC, high-leverage access during 24/7 volatility. Ostium.com sits in the middle and captures both.

See crypto is becoming the rails for macro hedging and real asset exposure. IMO tokenized commodities will hit $10B+ in 2026 as more traders realize they can hedge macro risk without leaving crypto rails. The onchain #RWA war has just started.

Top 100 24h Gainers 🚀

CC            $0.1298    +14.24%
M              $1.53        +9.04% 
FIL          $1.35        +8.39% 
UNI          $6.36        +7.41% 
IP            $1.55        +4.04% 

Top 100 24h Losers 🔻

PIPPIN    $0.4267    -8.94% 
XDC          $0.0497    -1.66% 
ENA          $0.2100    -1.04% 
NEXO        $0.8980    -0.96% 
SPX          $0.5053    -0.96%

THE INFRASTRUCTURE BEHIND THE $GOOGL AI EMPIRE

AI Chips
• $AVGO helps Google design custom TPUs so it can lower AI chip costs & avoid $NVDA pricing
• $TSM only foundry currently capable of producing Google’s leading-edge TPUs at scale with acceptable yields.
• $ARM licenses the CPU architecture Google uses alongside TPUs for AI inference & control
• $CDNS sells the software Google uses to design each new generation of AI chips
• $SNPS provides chip testing/ IP so Google can ship complex TPUs without failures
• $AMKR packages TPUs + memory together so Google can run them at data-center scale

AI Networking
• $ALAB supports high-speed rack-level connectivity as Google scales TPU pods
• $MRVL supplies custom networking chips inside Google’s AI data centers
• $CRDO licenses data-transfer technology used inside Google’s AI hardware
• $ANET supplies switches that route traffic inside Google’s AI clusters
• $CIEN moves data between Google’s data centers over long distances

AI Utility
• $CIFR supplies energy-backed sites supporting large AI workloads
• $WULF operates power-dense infrastructure where large-scale compute can be deployed

AI Memory
• $MU adds DRAM + HBM supply as Google expands AI inference
• $WDC stores the massive datasets Google uses to train AI models

AI Optics
• $LITE supplies optical components used inside Google’s AI data centers
• $COHR provides lasers needed for high-speed optical data transmission

AI Power
• $VRT provides cooling infrastructure that keeps Google’s AI hardware onlin

Emergency Warning: While the West Prints Debt, the Rest of the World Is Hoarding #Gold

Nuclear renaissance loading... but mostly in Asia⚛️🌏🔥

As of 3Q 2025: 62 reactors under construction worldwide (~65 GW total capacity)

Top countries building:
- 🇨🇳 China: 28 (nearly half!)
- 🇮🇳 India: 7
- 🇪🇬 Egypt: 4
- 🇷🇺 Russia: 4
- 🇹🇷 Turkey: 4
- Others: Bangladesh, Japan, Korea, U.K., Ukraine (2 each); 1 each in Argentina, Brazil, Iran, Slovakia, Pakistan

No surprise: Asia-Pacific dominates the pipeline amid surging energy demand, while the West focuses on restarts & SMRs.

(Note: Latest IAEA data shows ~63-70 reactors under construction as of late 2025, with numbers fluctuating as projects complete.)

Nuclear powering the AI boom and clean energy future?

#Nuclear #Energy #CleanEnergy #China #AI

⚛️ Global uranium supply: concentrated, strategic, and tightening.

As nuclear power regains relevance in the energy transition, uranium supply dynamics are back in focus, with AI powered electricity demand adding a new structural driver.

This chart highlights how concentrated global production remains:
- Kazakhstan dominates supply, accounting for close to 40% of mined uranium
- Many major economies remain structurally import dependent
- Canada and Namibia form a critical second tier
At the same time, demand is expanding:
- Reactor restarts and new builds are accelerating
- AI data centers are increasing interest in reliable, baseload nuclear power
In a tight, concentrated market, uranium is becoming increasingly strategic.

#uranium #nuclear #energy

🔥 Dr. Copper is waking up BIG time

Copper has officially smashed through multi-year resistance and entered price discovery mode trading above $12,000/ton for the first time EVER (LME hit $12,159) and Comex ~$5.8/lb.

This isn't just a bounce. It's a decisive breakout after years of consolidation.

Why 2026 could be explosive:

- Mine disruptions (Grasberg, Cobre Panamá, etc.) creating real supply tightness
- AI data centers + grid upgrades + EVs = structural demand surge
- Tariff fears driving front-loading & arbitrage
- Weak USD + rate cuts fueling commodity flows

Price-discovery phases in commodities? They tend to go parabolic.

Copper could be THE macro trade of 2026.

Game on. 🛢️➡️🔌

#Copper #Commodities #DrCopper #Markets

This chart shows the performance of the S&P 500 and GICS sectors of the S&P 500 in 2025. Technology and communication services have been the top performing sectors.

More record highs in Asian trading for precious metals:
Per Bloomberg, “Spot silver rose 5.5% to $83.65 as of 7:23 a.m. in Singapore. Gold edged up 0.1% to $4,539.93 an ounce. Platinum added 0.6% and palladium was up 1.5%.”
#Investors #investing #markets #gold #platinum #silver