Former Hecla Mining president on #silver

- The US administration is looking to increase its silver stockpiles
- This is the first time in decades
- Silver production peaked in 2016
- Production will not reach that peak by 2030

Demand for silver is surging, while production is not.

Central bank gold buying is far from over

Despite record-high prices:

- Poland plans to buy as much as 150 tonnes of gold
- Poland would become one of the top 10 gold-holding countries
- Its central bank could allocate 30% of its assets to gold

#Gold is becoming the preferred reserve asset.

💥China’s grip on copper isn’t at the mine

It’s at the refinery

Copper underpins electrification, grids, EVs, and clean energy systems. But the real bottleneck is refining.

In 2024, 🇨🇳 China refined roughly 12 million tonnes of copper.

That’s more than the next 9 countries combined, including the 🇺🇸 US and 🇮🇳 India.

Mining spreads risk.

Refining concentrates power.

#copper #minerals #metals #China #India

$ATCX $ATLX $LGO $SGML

🇧🇷BRAZIL Critical Mineral Miners.

• A global race for Brazil’s vast deposits of rare earths is heating up, with the US, China and EU all vying for access to the minerals that are vital for an array of 21st-century technologies.

Upcoming Earnings.

Monday:
$CLF $GT $OPEN $SVM

Tuesday:
$OSCR $KO $HOOD $F

Wednesday:
$ALB $QS $AUR $FSLY

Thursday:
$COIN $RIVN $TOST $DKNG

Friday:
$WEN $CCJ $TRP $MGA

$UAMY #Antimony

UKRAINE 🇺🇦

🔸 #Ukraine is a "critical minerals superpower", possessing deposits of 117 out of the 120 most globally used metals and minerals. These resources, valued at over $26 trillion.

🔸 #Antimony
Ukraine possesses antimony deposits, though it is currently not a major producer.
The metal is recognized as a "critical" resource for Ukraine's future due to its essential role in defense technology.

#Antimony is included in the official Ukrainian government's list of critical minerals approved for development and auction.

Strategic minerals are those metallic and non-metallic resources of national importance that are essential for long-term economic development.

Critical minerals like #Antimony, however, include those already deemed strategic and others that are vital for the economy and defence, but are characterised by a lack of substitutes and a high risk of supply disruptions on the international market.
https://cms-lawnow.com/en/ealerts/2025/07/the-government-of-ukraine-has-approved-the-lists-of-strategic-and-critical-minerals#

#Antimony is one of the minerals the United States will gain access to under the landmark 2025 Mineral Resources Agreement signed with Ukraine.
https://imaginelawyers.com/legal/u-s-ukraine-minerals-agreement-and-implementation-framework/#

———

🔸 #Titanium:
Ukraine holds Europe’s largest reserves (7% of global reserves) and is one of the world's few producers of titanium ore, crucial for aerospace and defense.

———

🔸 #Lithium:
Estimates suggest nearly 500,000 tons of lithium (one of Europe's largest deposits), which is vital for electric vehicle (EV) batteries.

———

🔸 #Uranium:
Ukraine possesses Europe's largest recoverable uranium reserves (2% of world reserves), essential for nuclear power.

———

🔸 #Graphite:
The country holds 20% of the world's graphite resources, a key component for lithium-ion batteries.

———

🔸 #Manganese:
Ukraine has the world's largest proven reserves of manganese ores, primarily in the Nikopol Basin.

———

🔸 #RareEarth Elements (REEs): Significant deposits of scandium, yttrium, neodymium, and dysprosium are used in electronics and wind turbines.

———

🔸 Other Strategic Minerals: Significant reserves of beryllium, zirconium, gallium (5th largest global producer), germanium, and cobalt.

🇺🇸US data center growth is running into a hard wall

AI and hyperscaler expansion will push demand past supply through at least 2028.

But the constraint has shifted.

It’s no longer capital.
It’s no longer chips.

⚡️It’s power availability, land access, and grid readiness.

The next phase of winners won’t be defined by ambition, but by infrastructure.

Strategies that ignore physical limits will fail first.

#energy #DataCenter #power

Tech Giants pledge $600 Billion to the AI Buildout

Amazon Google Meta and Microsoft are funding the buildout

Here is who will benefit:

AI COMPUTE (Demand Creation)
$NVDA - AI accelerator platform
$AMD - Second GPU supply hyperscalers need

CUSTOM AI SILICON (Cost Control Layer)
$AVGO - Custom AI + networking silicon
$MRVL - Rack-level silicon + interconnect

MEMORY (AI’s Hidden Bottleneck)
$MU - HBM + DRAM backbone
$SNDK - AI storage infrastructure

MANUFACTURING (If These Stop, AI Stops)
$TSM - Leading-edge chip manufacturing
$ASML - EUV = advanced chips don’t exist without it
$AMAT - Wafer fabrication equipment
$KLAC - Yield + process control

DATA CENTER NERVOUS SYSTEM
$ANET - Switching inside AI clusters
$CRDO - High-speed GPU interconnect

AI INFRASTRUCTURE (AI Becomes A Utility)
$CIFR - AI infra landlord model
$IREN - Power + compute convergence
$NBIS - AI developer / software layer
$CRWV - On-demand GPU capacity

POWER + ELECTRIFICATION
$VRT - Cooling + electrical inside AI data centers
$CEG - Nuclear baseload power
$PWR - Grid + data center electrical buildout
$ETN - Electrical backbone of electrification

ALWAYS-ON AI (Next Phase Power)
$SMR - Scalable nuclear buildout
$OKLO - Local nuclear for AI clusters

Data center cancellations and postponements are surging

- 16 in December 25 vs 1-6 per month in the previous 6 months
- January 26 has already reached 25

Ambitions are meaningless when access to resources is the constraint.

- Newton County, GA: Meta accounts for 10% of water consumption
- By 2030: data centers could consume the equivalent of 10m Americans
- Louisiana: a data center under construction needs 3 new fossil-fueled power plants

Dominion Energy, wants to add 47 GW of data centers to a grid that can handle peak demand of 23 GW... a 50% gap.

Hard assets are the basis of everything if we want growth:

- AI
- Renewables
- Defense capabilities

We need to build the hard-asset infrastructure first. For that reason, hard assets will have to outperform everything.

A historic natural resource bull market is no longer optional... it’s inevitable.

The trade war with China made one reality impossible to ignore: the Western economic model broke itself. By offshoring production for margin expansion, the US traded efficiency for dependency.

China didn’t just take manufacturing: it took control of

- Processing
- Refining
- Downstream dominance.

Whoever controls downstream industries controls upstream supply.

Remove China out of the equation and critical systems collapse: defense manufacturing, AI infrastructure, advanced technology.

US market valuations and its ability to defend itself are just a function of whether China is ready to supply required inputs

The reintroduction of the Monroe Doctrine, which boils down to kicking China, Russia, and Iran out of the Western Hemisphere, will lead to more, not less, export bans.

Regaining independence will reshape policy, force capital back into commodities and downstream industries, and drive a multi-year natural resource bull market.

The age of cheap resources is over.

Precious metals analyst Michael Oliver: #Gold and #silver miners are the cheapest assets in the world.

Gold and silver miner index as a percentage of gold:

- 1984-2008: Average was 25%
- Since 2015: Trading in a tight 4-8% range

In other words, gold and silver miners would need to rise 3× relative to gold just to return to the 1984-2008 average.

The miners will massively outperform the metals.

The biggest uranium producer is peaking

- Kazakhstan produces ~40% of global uranium supply
- By 2046, production from existing mines will decline by ~80%

Who is going to close that deficit?

It takes ~2 decades from exploration to first production. In other words, we would need to spend billions on exploration just to offset Kazakhstan’s decline curve... but we are not.

At this point, higher #uranium prices are a mathematical certainty.

#URANIUM #URA/USD M15 #Indicator #Signal #Trading #GlobalOneAI

Global X Uranium ETF
$URA volatility can move fast. Leverage magnifies it.

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Sprott Uranium Miners ETF
$URNM volatility can move fast. Leverage magnifies it.

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Warsh, the next Fed chair, will inflate the debt away.

He is in favor of yield curve control.

- This means pegging US short-term interest rates to an artificially low level
- The Fed commits to buying unlimited amounts above that level to push interest rates down

This would be reminiscent of the WWII period.

Back then, US debt-to-GDP was 125% vs 121% now.
YCC enabled the government to borrow vast amounts of USTs without blowing out interest expenses.

Those costs were pushed onto citizens via inflation.

From 1945-1980, the US gradually brought debt-to-GDP down to 30%, which later enabled Volcker to raise rates to 20% to kill inflation. This seems to be Warsh’s playbook.

The idea that Trump would nominate someone more hawkish than Powell, after attacking him for over a year for being too hawkish, was ridiculous to begin with.

Inflating the debt away was always the plan… needless to say, hard assets outperform during inflationary periods.

#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

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

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#HG/USD M15 #Copper
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Trade key industrial and precious metals with up to 250x leverage, as commodities continue to see renewed momentum.

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