We have entered the age of #copper.

- EVs use ~4× more copper than internal combustion vehicles
- AI data centers require ~6× more copper than traditional data centers
- The EU’s electrical grid expansion is projected to increase ~75×

Copper demand is surging, while supply remains disappointing.

Exxon Mobile $XOM is surging as risks over Iran closing 20% of global oil supply through the Straight of Hormuz continue to build.

$ONDS Here Is A Candle Patten / Moving Average Level To Watch: MA100 Day

• The Run Up, Then Pull Back To The 100 Day.

• Again, The Run Up, Now Pulling Back To The 100 Day.

• Watch $8.87, The MA100 Day.

The United States works with countries across the Indo-Pacific to establish critical minerals supply chains that are free from dependence on a single, unreliable source, market manipulation, price coercion, and sudden disruptions.

$XAG $SI $SLV

"While higher beta and sentiment-driven flows can amplify short-term volatility, medium-term fundamentals remain supported by demand from solar PV, grid modernisation and electrification themes, which should help cushion downside once positioning and sentiment stabilise,"

— Christopher Wong, FX strategist at OCBC

🇪🇺🇨🇳 Reuters: EU wants to create a reserve of strategic raw materials to reduce dependence on China.

The initiative is led by Italy, France and Germany. It involves creating reserves of key raw materials and restricting exports of reusable scrap metal and rare earth waste.

It is assumed that France will finance the purchases, Germany will take care of the resources, and Italy will take care of storage.

China is the world's largest producer of industrial metals and minerals. However, it limits exports of gallium, germanium, molybdenum or antimony, as well as heavy rare earth metals such as dysprosium and terbium.

Europe does not have sufficient processing capacity, and diversification takes a long time. The creation of strategic reserves is considered one of the few available tools to protect the European economy.

Paper silver and physical #silver are at war

- Paper shorts pushed silver prices down 22% in 2 hrs.
- At the same time, the physical market is being drained every day.

The most telling signal is coming from the COMEX.

- Normally only 1–3% of contracts settle physically
- Now we are seeing 100% physical settlement

You can’t build AI data centers or missiles with paper silver.

The world is desperate for real silver.

#SILVER #XAG/USD M15 #Indicator #Signal #Trading #GlobalOneAI

Silver volatility can move fast. Leverage magnifies it.

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

⚛️ Europe’s Nuclear Power Map Tells a Brutal Story

Nuclear isn’t Europewide.
It’s France centric

• EU total: ~650 TWh
• #France alone: ~380 TWh → ~58% of all EU nuclear
• #Sweden : ~51 TWh
• #Spain : ~55 TWh
• #Finland: ~33 TWh
• Many EU countries: zero nuclear

Europe’s power stability hinges on one country
Nuclear resilience ≠ evenly distributed
When French reactors sneeze, EU power prices catch a cold

Does Europe double down on nuclear expansion or keep outsourcing energy security to markets and weather?
#nuclear #uranium #energy

⚠️ Copper’s Supply Shock Is Coming ⚡

#IEA data shows a primary copper deficit emerging later this decade.

• Mine supply peaks early
• New projects arrive too slowly
• Demand keeps rising across all scenarios

Supply stuck around 26–28 Mt
Demand heads toward 30+ Mt

Copper isn’t rare.
Time is.

Where is the clearing level when the gap opens?

#copper #mineral #mining #metals #energy

#Gold is replacing US bonds as the safe-haven asset.

- We have reached 65 months of drawdowns with no end in sight
- A maximum monthly drawdown of 17%
- US 10-year bond drawdown since 2020: ~50%
- Meanwhile, gold is up ~3x

For comparison, when Volcker raised interest rates to 20% in 1980, it led to:

- 9 months of drawdowns
- A maximum monthly drawdown of 13%

Traditional portfolio construction with 60% equities and 40% bonds does not work in this new era.

Current US gold holdings in portfolios are ~1.4%. Now imagine what would happen to the price of gold if even a portion of the 40% bond allocation shifted into gold.

The gold bull market is far from over.

🚨BREAKING: FCC accepts SpaceX filing for “Orbital Data Centers” in space

SpaceX plans up to 1,000,000 satellites at 500 to 2,000 km using optical laser links to Starlink and Earth, calling it a first step toward harnessing the Sun’s full power

Thursday, Feb 5 2026, 12:05 UTC time

📋 Bank of England holds rates at 3.75% — signals likely cut ahead
✅ Summary: BOE kept Bank Rate at 3.75% after a narrow 5-4 vote, surprising markets with the split but explicitly signalling future reductions. Guidance aligns more closely with the Fed’s stance, suggesting easing ahead as inflation cools and growth remains subdued. Market implication: sterling may face downward pressure on rate-cut bets; gilts could rally on anticipated easing.

🔖 BOE narrow vote underscores policy divergence risks
📌 Context: The close decision highlights internal hawk-dove tensions at the BOE — risks for volatility in GBP around UK data and BOE communications. Traders should watch upcoming labour/inflation prints and BOE speak for timing of potential cuts.

📋 German factory orders rise — fiscal stimulus boost
✅ Impact: German factory orders unexpectedly improved, reflecting fiscal stimulus effects and offering a positive signal for Eurozone industrial demand. Implication for EUR: supportive but likely modest — sustained momentum depends on exports and broader Eurozone growth outlook.

🔖 Bristol Myers Squibb — Eliquis demand beats in 4Q (US)
📌 Note: In the legacy portfolio, demand for anticoagulant Eliquis rose more than expected in Q4, supporting BMS revenue resilience. Market angle: positive for US equities in pharma; limited FX impact but relevant to USD risk sentiment in healthcare sector.

All roads lead to inflation

In a decade:

- Interest expense: set to double
- Healthcare: up ~80%
- Social Security: up ~70%
- Defense: up ~20%

Together, these grow faster than GDP,
pushing the deficit ~30% higher.

All of this assumes long-term CPI inflation of ~2.4%.

If inflation runs hotter, even modestly,
spending rises faster, deficits widen,
and financing costs jump.

Which feeds inflation again.

The risk of an inflationary surge remains elevated

SpaceX may launch a Starlink phone that connects straight to satellites, as per Reuters.

The 22% #silver flash crash today was driven by aggressive shorting.

- Trading volume hit 1.3 million ounces this morning
- That’s nearly 2× global mine supply in a single session
- The SHFE flagged six groups of accounts for abnormal trading behavior
- Those accounts were restricted from opening new positions

This wasn’t organic selling.

It was a deliberate attempt to force prices lower using concentrated short pressure.

Someone was desperate to break silver and they pushed hard enough that the exchange had to step in.

$MP $UUUU $UAMY $USAR $CRML $LAC | Senators Kevin Cramer and Mark Warner have introduced a $70B deal to expand the US Export-Import Bank.

The 10-year reauthorization lifts the lending cap to $205B to fund Trump’s critical minerals agenda and decouple supply chains from China.

$MP $UUUU $UAMY $USAR $CRML $LAC | Vice President Vance has announced the FORGE Initiative, establishing a critical minerals trading bloc with over 50 allies.

The system uses adjustable tariffs to enforce price floors, shielding domestic miners from foreign market manipulation.