#Silver deficits are structural

- Surpluses totaled +185 Moz from 2016-2020.
- Deficits total -796 Moz from 2021-2025.
- That is a net swing of -981 Moz.

Let's put that in perspective

- The deficit equals ~100% of annual mine output.
- Single-year gaps hit -20-25% of supply.

Supply can’t keep up with demand

To make matters worse, only 20% of silver supply comes from silver mines. The vast majority comes as a byproduct of copper or zinc mining.

In other words, rising #silver prices won’t incentivize a #copper or zinc mine to ramp up production.

Top 100 24h Gainers 🚀

RIVER        $19.73      +15.00%
LIT            $1.44        +8.43% 
STABLE      $0.0227    +7.02% 
VIRTUAL    $0.5660    +6.36% 
POL            $0.0923    +4.85% 

Top 100 24h Losers 🔻

MYX            $2.81        -25.52%
ZRO            $2.05        -16.72%
UNI            $3.23        -13.83%
DCR            $21.53      -6.61% 
PIPPIN      $0.4662    -4.64%

We are still in the early innings of a commodity bull market

Years of underinvestment created supply demand imbalance

That is exactly what we are seeing now.

The next phase is always massive CapEx, which eventually floods the market and depresses prices.

But production comes with a lag.

- New production takes 15–20 yrs to come online
- Costs are higher
- Ore grades are declining

This cycle is different.

The West offshored industry to China to maximize margins, trading independence for cheap imports. That model works in a frictionless world... but not in a geopolitically fractured one.

To regain independence, reshoring is mandatory.

That means:

- Grid expansion
- Building factories
- Building alternative supply chains

This adds structural demand to an already tight commodity market.

That’s how you ignite the mother of all commodity bull markets

🚨 URANIUM SUPPLY IS NOT DIVERSIFIED

• 🇰🇿 Kazakhstan ~40%+ global supply
• 🇳🇦 Namibia rising
• 🇳🇪 Niger critical
• US = marginal producer

This is a geopolitical concentration.

The West shut mines.
Asia secured supply.

If nuclear scales again:

• Supply risk spikes
• Price volatility returns
• Strategic stockpiling accelerates

Uranium isn’t just fuel.

It’s leverage.

#energy #nuclear #uranium

🚨 BLACKROCK added 2.1 MILLION shares of $UAMY

• Nuveen TIAA +201K
• Swiss National Bank +232K (NEW)
• Bank of Montreal: +13.7K

BlackRock back to the #1 institutional holder. 🧲

China is piling up US gold.

- US gold exports hit an all-time high of 40B in 2022
- After the US seized Russian assets and blocked access to SWIFT
- The main destination for US gold exports was Switzerland
- The main destination for Switzerland’s gold exports was China

Since September 2025, non-monetary gold has ranked among the top 1 or 2 US export categories.

That is not a coincidence.

It suggests China is increasingly demanding physical gold rather than USD in exchange for its goods

This is reminiscent of the WW II period

During that time, the US, then the rising power, demanded gold or USD from the British Empire in exchange for critical goods. Britain, which still controlled the global reserve currency, was forced to settle in gold or lose the war.

That shift accelerated the transfer of monetary power from Britain to the US.

Today, the roles appear to be reversing.

Replace China with 1945 America, and the US with the British Empire and the strategic implications become clearer. Today the US economy can't survive without Chinese critical minerals, nor hope to win any war.

When trade settlement shifts toward hard assets, it signals deep distrust in the monetary system.

We are watching global power and the monetary system gradually rotate toward tangible assets: gold, energy, metals, and real resources.

Africa’s mineral wealth is not abstract.

From iron ore and manganese to graphite, rare earths and uranium, the continent holds globally significant scale across strategic minerals.

This map from the Compendium of Africa’s Strategic Minerals 2026 shows precisely where that endowment sits — and where the next industrial value chains could be built.

Beijing to Brief Top Rare Earth and Metals Producers on Export Controls on March 25 $MP $UUUU $UAMY $USAR $NB $AREC $UURAF

A Chinese metals industry body will hold a policy briefing next month on rare earth and other critical minerals exports, as Beijing tightens controls on strategic materials and steps up oversight of dual-use goods, according to an event notice.

• The China Chamber of Commerce of Metals, Minerals & Chemicals Imports & Exports will hold the event on March 25 in Beijing.

• Officials from the Commerce Ministry and customs authority will brief metals firms on export controls, customs clearance and compliance requirements. They will deliver an outlook on China-U.S. trade relations and broader foreign trade policy under the next five-year planning cycle.

• Market analysis on global supply, demand and overseas resource development for rare earths and metals such as tungsten, tin and antimony will also be on the agenda.

🚨 THE US DEPENDS ON CHINA FOR CRITICAL MINERALS

Energy transition, Defense, Tech.

• 100% import reliant on 12 minerals
• 95%+ rare earths
• 83% antimony from #China
• 100% gallium + graphite
• 50%+ nickel, magnesium, germanium

China is the primary supplier across key inputs.

Why it matters:

• EVs need lithium, graphite
• Solar needs tellurium
• Chips need gallium, germanium
• Defense needs rare earths

This is leverage!

#minerals #metals

$MP $UUUU $UAMY $USAR $LAC $CRML | Critical minerals are a top 2026 priority, with the U.S. launching "Project Vault," a $12B strategic reserve, and the FORGE alliance to secure global supplies.

The goal is a resilient, affordable market free from political coercion.

Coinbase $COIN reports $1.78B Q4 revenue, capping a year where trading volume hit $5.2T and market share doubled.

With $14.1B in resources and 12 products now generating $100M+ annually, Coinbase is pivoting toward an "Everything Exchange" model.

$COIN/USD H2 #Indicator #Signal #Trading #GlobalOneAI

📈 TOKENIZED GOLD MARKET CAP SURGES PAST $6BILLION

Tokenized gold has surpassed $6B in total market value, adding $2Billion YTD and locking over 1.2 million ounces of physical gold.

Tether Gold ($XAUT) and Paxos Gold ($PAXG) control roughly 96.7% of the market.

🚨 THE ENERGY TRANSITION NEEDS 293 NEW MINES BY 2030

Battery demand alone requires:

• 61 new copper mines
• 52 lithium mines
• 31 natural graphite mines
• 29 rare earth mines
• 28 nickel mines

Copper gap:

• Current supply. 22.9M tonnes
• Additional needed. 3.7M tonnes

Lithium gap:

• +1.2M tonnes required

This is industrial scale expansion.

Permitting takes 10–15 years.
Capex is exploding.
Ore grades are declining.

If projects don’t accelerate:

• Mineral inflation returns
• EV margins compress
• Energy transition slows

The constraint isn’t demand.

It’s geology.

#minerals #mtals #copper

• Headline CPI (YoY): expected 2.5% 
• Core CPI (YoY): expected 2.5% 
• CPI (MoM): expected +0.3%

Today’s inflation reading could influence upcoming Fed interest rate policy decisions.

Top 20 Largest Central Banks by Assets

1. 🇪🇺 Euro Area – $7.130 Trillion
2. 🇨🇳 China – $6.621 Trillion
3. 🇺🇸 U.S. – $6.587 Trillion
4. 🇯🇵 Japan – $4.517 Trillion
5. 🇨🇭 Switzerland – $1.108 Trillion
6. 🇬🇧 UK – $1.001 Trillion
7. 🇮🇳 India – $911 Billion
8. 🇧🇷 Brazil – $898 Billion
9. 🇸🇬 Singapore – $610 Billion
10. 🇭🇰 Hong Kong – $534 Billion
11. 🇸🇦 Saudi Arabia – $515 Billion
12. 🇰🇷 South Korea – $410 Billion
13. 🇹🇭 Thailand – $309 Billion
14. 🇵🇱 Poland – $303 Billion
15. 🇲🇽 Mexico – $296 Billion
16. 🇹🇷 Türkiye – $289 Billion
17. 🇦🇪 UAE – $276 Billion
18. 🇮🇩 Indonesia – $272 Billion
19. 🇦🇺 Australia – $263 Billion
20. 🇮🇱 Israel – $259 Billion

Source: Bank for International Settlements.

Note: Data reflects the most recently available observations, primarily from September-October 2025. Euro-Area data represents the consolidated Euro-system balance sheet. Russia is excluded as comparable, up-to-date data is not consistently available.

Friday, Feb 13 2026, 12:00 UTC time

Latest Important Headlines

📝 📋 US Inflation & Fed Watch — Markets brace for US CPI: futures volatile, Treasury yields mixed as investors weigh if soft inflation could spark rate-cut expectations; Dallas Fed’s Miran says policy is tighter than it seems, housing inflation measurement key and fiscal outlook may lower neutral rates. 

📈 ✅ US–Taiwan Trade Deal — Agreement finalized: tariffs cut and commitments to boost purchases of US goods; seen as supportive for US exports and potentially inflation-sensitive sectors. 

🏦 🔖 Fed / Market Commentary — Miran (Dallas Fed): inflation largely under control, policy tightening risks growth, some slack in labor market remains; measurement issues (housing, fees) could distort inflation signals. 

🇯🇵 📌 Japan & Asia FX / Rates — Offshore yuan slips but posts weekly gains; South Korea export price growth slowed in December and won pauses gains; market focus ahead of US CPI keeps Asian currencies choppy. 

🇳🇿 📋 New Zealand Data — Tourist arrivals +7.0% YoY (Dec); Q1 inflation expectations highest in 2 years; NZD heads for weekly advance amid mixed local flows. 

🇨🇭 ✅ Switzerland — Swiss inflation steady at 0.1%; franc briefly softens after data but remains generally strong; SNB may have room to cut if low inflation persists. 

🇩🇪 🔖 Germany / Europe Rates — German wholesale prices rose in January; 10‑year Bund yield falls to two‑month low amid risk-off ahead of US inflation — broader eurozone yields slip. 

🇬🇧 📌 UK GDP & Gilts — Seasonal quirks in UK GDP raise economist suspicion; gilt yields edge higher as traders await US CPI for global rate cues. 

🇫🇷 📋 France / Eurozone — France sees rising decarbonised power outlook to 2035; eurozone employment and Q4 GDP hold steady — growth and jobs supporting regional resilience. 

🇮🇹 ✅ Italy Bonds — 10‑year BTP yield slides to a three‑month low on safe‑haven flows and falling European yields. 

🇷🇺 🔖 Russia Monetary Move — Russian central bank cuts key rate to 15.5% (from 16%) as growth cools; ruble eases from three‑year high. 

🇨🇳 📌 China Markets — 10‑year yield rises ahead of holiday; offshore yuan volatile but on track for weekly gain; exports to US rose despite tariffs — trade dynamics remain complex. 

🇧🇷 📋 Brazil / Commodities — Copper, silver volatile; miners rebound on dip‑buying ahead of US CPI — commodity swings to influence EM FX and risk flows. 

Market Takeaway — US CPI is the immediate market pivot: lower print could push USD/dollar down and fuel rate‑cut hopes; geopolitics and central bank moves (Russia, SNB) add regional FX pressures.