Retailers are buying the dip in #gold.

- Australia
- Singapore
- Thailand

Are queuing to buy gold.

With MKS PAMP SA, a leading bullion brand, sold out for the day.

We are in a commodity bull market and no one is positioned for it

- Commodities vs financial assets are at a historic low
- At the peak of the 2000s bull market, the ratio was ~8x higher
- At the peak of the 1980s bull market, the ratio was ~45x higher

Commodities remain ultra cheap vs financial assets.

Since the 1980s, interest rates and inflation steadily fell, providing a tailwind for growth stocks. This lowered the risk-free rate (the US 10-year yield) and pushed investors further out the risk curve.

Companies and real estate investors benefited as well, they could refinance debt at ever-lower rates, enjoying a 40-year tailwind for their businesses.

That trend ended in 2021.

Reckless government spending across the globe led to surging inflation and interest rates. This means the winners of the last 40 years won’t be the winners of the next.

Our current macro picture resembles war:

- Future cash flows are less certain
- Access to commodities and energy is less certain
- Inflation and interest rates are elevated

Commodities and hard assets outperform in this environment.

Volatility in gold and silver is breathtaking.

Within a few hours

- Gold: 4450 -> 4790
- Silver: 72 -> 83

Trump Launches $12 Billion Minerals Stockpile to Counter China $MP $UUUU $UAMY $USAR $NB $AREC

The Trump administration is preparing to establish a $12 billion strategic stockpile of critical minerals to reduce U.S. dependence on Chinese supplies and protect American manufacturers from supply disruptions.

The initiative, known as Project Vault, will combine $10 billion in financing from the U.S. Export-Import Bank with $1.67 billion in private capital to procure and store minerals essential for manufacturing, according to Bloomberg News, citing senior administration officials who requested anonymity ahead of the official announcement.

The stockpile will function similarly to the nation’s Strategic Petroleum Reserve but will focus on minerals such as gallium and cobalt that are crucial for products including iPhones, batteries, and jet engines.

More than a dozen companies have already joined the project, including General Motors Co., Stellantis NV, Boeing Co., Corning Inc., GE Vernova Inc., and Alphabet Inc.’s Google. Three commodities trading firms – Hartree Partners LP, Traxys North America LLC, and Mercuria Energy Group Ltd. – will manage the purchasing of raw materials.

The Ex-Im Bank’s board is scheduled to vote Monday on authorizing the 15-year loan, which would be more than twice the size of the bank’s previous largest deal.
This public-private partnership represents a significant step in Trump’s efforts to reduce U.S. reliance on China, which currently dominates global critical mineral production and processing.

For those who don’t know the difference between the new financial system Trump is bringing about and the Great Reset.

✅ Quantum Financial System (QFS) metals-backed
• Anchored to tangible assets (e.g., gold, silver, strategic metals).
• Value is asserted to be intrinsic and finite, derived from physical reserves.
• Money creation is constrained by verifiable supply.

❌ Great Reset — fiat/digital-credit based
• Anchored to sovereign credit, debt instruments, and confidence.
• Value is abstract, maintained through policy, taxation, and enforcement.
• Money supply is elastic, expandable through central authority.

🤌🏼 Biggest difference is that Trump’s new financial system is backed by precious metals while the Great Reset is backed by NOTHING. Just like fiat right now.

⭕️ Income tax will be done away with and tariffs will be what is used instead to run the country.

Rare earth stocks are up pre market

$AMZN is buying copper in the US for the first time in more than 10 years for its data centers from $RIO Johnson Camp Mine in Arizona

Amazon Web Services (AWS) has secured a two-year agreement with Rio Tinto to purchase copper from the Johnson Camp mine in Arizona, marking the first new U.S.-mined copper in over a decade. This agreement is part of AWS' strategy to support its growing AI data centers, which require a significant amount of copper for their infrastructure. The deal covers approximately 14,000 metric tons of #copper cathode over four years, with an additional 16,000 tonnes from conventional leaching, totaling nearly 30,000 tonnes. This partnership underscores the critical role of copper in the artificial intelligence sector and the importance of sustainable mining practices.

$NVDA $MSFT $META

10 NAMES TO WATCH IN SPACE

1 $RKLB emerging as the second pillar of U.S. launch and space systems with defense validation, rising Electron economics, and a fully funded path to Neutron.

2. $ASTS building the direct-to-device broadband layer that turns satellites into cell towers, with BlueBird proving the physics and defense pulling it into long-duration wholesale revenue.

3. $PL monetizing Earth-imaging and analytics for sovereign customers while expanding government-funded constellations that deepen its proprietary data moat.

4. $RDW supplying space-grade hardware and autonomous systems to defense programs, with upside hinging on converting a sizable backlog into revenue.

5. $BKSY selling high-cadence ISR subscriptions differentiated by speed and latency, with strong growth potential but still burning cash to scale capacity.

6. $FLY operating small-lift launch and lunar delivery platforms where execution and cadence stabilization determine whether backlog becomes recurring missions.

7. $FJET developing an air-launched microsat system using supersonic jets, still pre-revenue and competing against established Electron-class launchers.

8. $LUNR positioning itself as a core lunar-services provider for NASA with Nova-C missions validating soft-landing capability, upside tied to repeat cargo contracts and sustained lunar cadence.

9. $SPIR providing subscription space-intelligence data from LEO satellites, targeting >30% growth as government backlog converts into revenue.

10. $SPCE a pre-commercial suborbital spaceflight story with revenue pushed to late 2026 and an unproven model alongside heavy cash burn.

The US is working on a rare earth pricing system with its allies to reduce China’s dominance

Dedollarization is in full swing

- India’s holdings of long-term USTs are down 26% since 2023
- This mirrors the shift from large holders like China
- They are moving to gold to mitigate sanction risk

#Gold is once again becoming the preferred reserve asset.

- This comes at a time when the United States runs ~6% deficits
- Is involved in 2 wars
- Is trying to reshore its industrial base

Dedollarization is a national security threat to the US.

Expect tensions to rise and the current pace of geopolitical events to accelerate.

This is a natural tailwind for precious metals.

Top 100 24h Gainers 🚀

STABLE    $0.0297      +18.37%
RIVER      $21.55          +16.84%
XDC          $0.0382        +14.01%
STX          $0.2869        +13.37%
MORPHO    $1.25        +12.99%

Top 100 24h Losers 🔻

PAXG        $4692.12      -5.13% 
XAUt        $4661.73      -4.73% 
XMR          $405.50        -4.08% 
ARB          $0.1387        -3.13% 
PUMP        $0.002497    -1.69%

🇺🇸 President Trump announce a Major US-India Trade Deal After a call with prime minister Modi.

- India stops Russian oil purchases and switches to US + Venezuela supplies to help end the Ukraine war

- US tariffs drop from 25% to 18% and India cuts tariffs and barriers to zero

- India commits to massive “Buy American” purchases worth $500 billion in US energy, tech, and coal.

📰 Top Headlines

📋 Headline: Trump announces a US-India trade deal on Truth Social 
Source: Dow Jones / Reuters 
Market take: Bold trade rhetoric—reduced reciprocal tariffs and fewer non-tariff barriers. 
FX/Asset impact: Positive for INR and Indian equities on improved access and potential export growth; USD may face modest downside on reduced bilateral trade friction if global risk appetite improves. Short-term volatility likely as markets parse details.

✅ Headline: Trump says the United States will charge a reduced reciprocal tariff, lowering it from current levels 
Source: Dow Jones Newswires 
Market take: Tariff cuts signal de-escalation of protectionist stance. 
FX/Asset impact: Pro-risk move: emerging market currencies (INR, IDR, MXN) could strengthen; safe-havens (USD, JPY, CHF) may ease. Bond yields could drift higher on growth/risk repricing; central bank policy paths remain data-dependent.

🔖 Headline: Modi thanks President Trump for the trade deal 
Source: Reuters 
Market take: Political buy-in from both sides raises odds deal is substantive (not just rhetoric). 
FX/Asset impact: Boost to investor confidence in India — influx of portfolio flows into equities and bonds expected if clarity follows. Watch yields and foreign reserves reaction; short-term rupiah/rupee strength likely.

📌 Headline: Partial US government shutdown will delay January employment report, BLS says 
Source: Reuters 
Market take: Data-supply shock increases near-term uncertainty for Fed policy interpretation. 
FX/Asset impact: USD volatility upward due to missing anchor for US labor data; risk assets may wobble on headline uncertainty. Delayed jobs data complicates trading around interest-rate expectations—expect muted directional conviction until data calendar is restored.

Trading implications — quick bullets: 
- Short-term: Trade sentiment favors EM currencies (INR especially) and EM equities; hedge USD exposure around data delay. 
- Volatility: Elevated—tariff headlines can flip risk flows; missing US jobs data increases headline-driven moves. 
- Strategy: Favor pairs/crosses that benefit from risk-on (AUD, NZD, INR vs USD/JPY). Use smaller position sizes until trade deal details and US data schedule are clarified. 
- Macro watchlist: Official US-India tariff schedules, bilateral memorandum text, BLS rescheduling notices, and US Treasury/CB comments.

Bottom line: Trade de-escalation headlines are supportive for risk assets and INR, but lack of concrete deal detail and a delayed US jobs print keep volatility and uncertainty elevated — manage exposure and await confirmations.

Chile, the world’s largest copper-producing country, is peaking.

The only way to raise production slightly would be to add:

- All probable production
- And possible production together

#Copper supply remains dangerously tight and prone to supply disruptions.

The #silver crash was caused by massive paper shorting.

- 1.8 billion oz were traded
- Annual mine production is ~800 million oz of silver
- More than double global mine production was traded in a few hours

Meanwhile, the physical market remains tight, with multiple dealers rationing silver through different mechanisms.

#Copper mining isn’t the bottleneck… processing is.

Most copper is mined outside China, but smelting and refining are not.

- Copper concentrate is globally diversified
- Smelter and refinery capacity is heavily concentrated

Final copper cathode supply depends on who controls processing.

China dominates the choke point.

This matters because:

- Electrification
- Grid upgrades
- Military
- Data centers

All require refined copper, not ore.

Owning mines without processing is leverage for someone else.

To regain independence, the West will need to build alternative smelting and processing supply chains.... a resource-intensive, capital-heavy endeavor.

Thereby increasing demand for natural resources in an industry which has been underinvesting for over a decade in new production.

The great rotation out of tech into hard assets is upon us

#GOLD #XAU/USD M15 #Indicator #Signal #Trading #GlobalOneAI

Gold volatility can move fast. Leverage magnifies it.

Trade commodities with up to 250x leverage ➡️ gains.trade/trading#XAU-USD