Trump: He who has the #gold makes the rules
Putin: The US has no gold
Maybe there’s a reason there has never been an independent audit of Fort Knox
Putin: The US has no gold
Maybe there’s a reason there has never been an independent audit of Fort Knox
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📈 Copper Has Risen 140% More Than Oil Since 2022
For much of the past two decades, oil and copper prices moved largely in tandem, reflecting global growth and industrial demand. Since October 2022, however, the relationship has diverged: oil prices fell 30% through January 2026, while copper prices rose 70%. The gap highlights contrasting supply dynamics and copper’s rising demand from electrification and green technologies.
#energy #fuels #oil #CrudeOil #OOTT #WTI #copper #metals #commodity
For much of the past two decades, oil and copper prices moved largely in tandem, reflecting global growth and industrial demand. Since October 2022, however, the relationship has diverged: oil prices fell 30% through January 2026, while copper prices rose 70%. The gap highlights contrasting supply dynamics and copper’s rising demand from electrification and green technologies.
#energy #fuels #oil #CrudeOil #OOTT #WTI #copper #metals #commodity
📈 China’s Share of U.S. Imports Falls to Early-2000s Levels Amid Tariff Pressures
Higher U.S. tariffs have pushed China’s share of total U.S. imports down from 10.6% (12 months ending January 2026) to 7.5% (12 months ending November 2026) — the lowest level since 2002. During Trump 1.0, China’s share declined from 17.0% to 15.5% (–1.5 percentage points), while under the Biden presidency it fell more sharply from 15.5% to 10.6% (–4.9 percentage points).
#USA #China #trade #exports #tariffs #TradeWar
Higher U.S. tariffs have pushed China’s share of total U.S. imports down from 10.6% (12 months ending January 2026) to 7.5% (12 months ending November 2026) — the lowest level since 2002. During Trump 1.0, China’s share declined from 17.0% to 15.5% (–1.5 percentage points), while under the Biden presidency it fell more sharply from 15.5% to 10.6% (–4.9 percentage points).
#USA #China #trade #exports #tariffs #TradeWar
Ray Dalio: The world is on the brink of a capital war
Money is being weaponized.
- Trade embargoes
- Blocking access to capital markets
- Using debt ownership as leverage
Foreign holders of US debt are trapped.
- Europe fears sanctions.
- The US fears foreign buyers stop funding deficits via UST purchases.
In response, sovereign wealth funds and central banks
are preparing for capital controls.
Historically, capital wars emerge around major conflicts.
The current standoff with China could be the catalyst.
Dalio's advice: Buy #gold
Money is being weaponized.
- Trade embargoes
- Blocking access to capital markets
- Using debt ownership as leverage
Foreign holders of US debt are trapped.
- Europe fears sanctions.
- The US fears foreign buyers stop funding deficits via UST purchases.
In response, sovereign wealth funds and central banks
are preparing for capital controls.
Historically, capital wars emerge around major conflicts.
The current standoff with China could be the catalyst.
Dalio's advice: Buy #gold
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Czechs piling up #gold
- They view gold as a safe haven given the geopolitical tensions
- Gold sales rose 150-400% yoy
- The broader public and institutions are entering the market
- Many have increased physical gold holdings to 20-50%
Meanwhile, Westerners and institutions have barely allocated any meaningful amount to gold. The US, for example, has ~1.8% of its financial assets in gold.
Goldman estimated that for each 0.01% increase in gold holdings, the price of gold rises by 1.4... that’s 140x.
The real party begins once Westerners turn to gold and institutions get involved in size.
We are still early.
- They view gold as a safe haven given the geopolitical tensions
- Gold sales rose 150-400% yoy
- The broader public and institutions are entering the market
- Many have increased physical gold holdings to 20-50%
Meanwhile, Westerners and institutions have barely allocated any meaningful amount to gold. The US, for example, has ~1.8% of its financial assets in gold.
Goldman estimated that for each 0.01% increase in gold holdings, the price of gold rises by 1.4... that’s 140x.
The real party begins once Westerners turn to gold and institutions get involved in size.
We are still early.
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🇨🇳China’s port footprint in Africa is no longer just commercial.
• Dozens of ports financed, built, or managed by Chinese entities
• Concentration along key trade corridors. Red Sea, West Africa, Southern Africa
• Several locations hosting PLA Navy port calls or exercises
• A small number assessed as viable dual-use hubs
⚡️Control logistics nodes along #energy and #mineral routes
Secure access points near choke points.
This is infrastructure power projection.
Ports move containers in peacetime.
They move influence in competition.
#China #Africa
• Dozens of ports financed, built, or managed by Chinese entities
• Concentration along key trade corridors. Red Sea, West Africa, Southern Africa
• Several locations hosting PLA Navy port calls or exercises
• A small number assessed as viable dual-use hubs
⚡️Control logistics nodes along #energy and #mineral routes
Secure access points near choke points.
This is infrastructure power projection.
Ports move containers in peacetime.
They move influence in competition.
#China #Africa
📊 Global copper reality
• 700 Mt already produced
• 2.1 Bt discovered
• 3.5 Bt still undiscovered
➡️ 6.3 Bt total estimated endowment
Sounds abundant.
But demand is 25 Mt/year and rising fast, driven by EVs, grids, renewables, and data centers.
The constraint isn’t copper in the ground.
It’s grades, permitting, capex, and processing.
Geology matters.
Supply response matters more.
#copper #metals #minerals
• 700 Mt already produced
• 2.1 Bt discovered
• 3.5 Bt still undiscovered
➡️ 6.3 Bt total estimated endowment
Sounds abundant.
But demand is 25 Mt/year and rising fast, driven by EVs, grids, renewables, and data centers.
The constraint isn’t copper in the ground.
It’s grades, permitting, capex, and processing.
Geology matters.
Supply response matters more.
#copper #metals #minerals
Forwarded from 🛢WTI, Brent Crude Oil, NGAS Trading 📊
🇪🇺Europe’s GAS map has been rewritten
Before 2022:
• Russia via Nord Stream, Yamal, Ukraine transit = backbone
• Algeria + Norway = complementary
• LNG = marginal
Today:
• Norway = structural pillar
• LNG = strategic swing supply
• Russian pipeline gas = shrinking to residual flows (TurkStream, limited transit)
• Azerbaijan via TANAP/TAP gaining weight
Energy security in Europe now depends less on one supplier and more on infrastructure, regas capacity, and interconnectors.
Can infrastructure keep up with global dependence?
#energy #oott #Russia
Before 2022:
• Russia via Nord Stream, Yamal, Ukraine transit = backbone
• Algeria + Norway = complementary
• LNG = marginal
Today:
• Norway = structural pillar
• LNG = strategic swing supply
• Russian pipeline gas = shrinking to residual flows (TurkStream, limited transit)
• Azerbaijan via TANAP/TAP gaining weight
Energy security in Europe now depends less on one supplier and more on infrastructure, regas capacity, and interconnectors.
Can infrastructure keep up with global dependence?
#energy #oott #Russia
House Passes The Securing America’s Critical Minerals Supply Act $MP $UUUU $USAR $UAMY $AREC $TMC $UURAF
Today, Chairman Brett Guthrie and Congressman John James announced House passage of key Energy and Commerce legislation designed to fortify America’s energy supply chains, curb dependence on adversarial nations, and protect the critical resources that underpin our economy and national security.
H.R. 3617, titled “Securing America’s Critical Minerals Supply Act” requires the Department of Energy to assess critical energy resource supply chains, including critical minerals and rare earth elements, and to strengthen supply chains that are vulnerable to disruption or overreliance on adversarial nations.
By taking a holistic view of critical energy resources, the Department of Energy can identify vulnerabilities and address supply chain disruptions to help ensure Americans have access to affordable, reliable, and secure energy systems.
Lawmakers emphasized that critical minerals and rare earths are foundational to grid infrastructure, advanced manufacturing, defense systems, and next-generation technologies. Despite abundant domestic resources, the United States remains heavily import-dependent.
https://energycommerce.house.gov/posts/house-passes-energy-and-commerce-legislation-to-secure-american-energy-supply-chains
Today, Chairman Brett Guthrie and Congressman John James announced House passage of key Energy and Commerce legislation designed to fortify America’s energy supply chains, curb dependence on adversarial nations, and protect the critical resources that underpin our economy and national security.
H.R. 3617, titled “Securing America’s Critical Minerals Supply Act” requires the Department of Energy to assess critical energy resource supply chains, including critical minerals and rare earth elements, and to strengthen supply chains that are vulnerable to disruption or overreliance on adversarial nations.
By taking a holistic view of critical energy resources, the Department of Energy can identify vulnerabilities and address supply chain disruptions to help ensure Americans have access to affordable, reliable, and secure energy systems.
Lawmakers emphasized that critical minerals and rare earths are foundational to grid infrastructure, advanced manufacturing, defense systems, and next-generation technologies. Despite abundant domestic resources, the United States remains heavily import-dependent.
https://energycommerce.house.gov/posts/house-passes-energy-and-commerce-legislation-to-secure-american-energy-supply-chains
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🇨🇭 Global One SI - Prompt
Morgan Stanley has initiated coverage of $CIFR Cipher Mining with an Overweight rating and a $38 price target. Analyst highlights the potential for a REIT-style valuation for Bitcoin-to-data center conversions with stable long-term cash flows.
Cipher Mining $CIFR appointed real estate executive Thomas Duda to its board, supporting the firm's pivot to industrial-scale data center development.
Duda’s over 20 years of expertise will guide Cipher’s shift into HPC and AI hosting.
Duda’s over 20 years of expertise will guide Cipher’s shift into HPC and AI hosting.
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🇨🇭 Global One SI - Prompt
AST SpaceMobile $ASTS has successfully unfolded BlueBird 6, the largest commercial antenna in LEO at 2,400 square feet. The satellite supports 120 Mbps speeds and 5G service as the firm targets 45 to 60 launches by the end of 2026 to reach nationwide scale.
AST SpaceMobile $ASTS announced a $1 billion convertible senior notes offering due 2036 to fund global spectrum deployment.
The firm also plans to repurchase $300 million in existing debt as it accelerates its satellite constellation rollout.
The firm also plans to repurchase $300 million in existing debt as it accelerates its satellite constellation rollout.
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🇨🇭 Global One SI - Prompt
ROBOTICS ECONOMY: CHEAT SHEET If today you missed $RR Do not miss the rest of the robotics run: Automation & Vision $ROK $ZBRA $CGNX $FANUY Surgical Robotics $ISRG $SYK $MDT $PRCT Defense Autonomy / Drones $AVAV $KTOS $LMT $NOC $BAH AI “Brain” (Compute…
Kratos $KTOS has been selected for Phase 1 of the $1.1B Drone Dominance Program.
The initiative targets the procurement of 350,000 low-cost attack drones by 2027, utilizing "Gauntlet" competitions to identify rapid, combat-ready solutions.
The initiative targets the procurement of 350,000 low-cost attack drones by 2027, utilizing "Gauntlet" competitions to identify rapid, combat-ready solutions.
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