CYBERSECURITY VALUE CHAIN
Software is getting punished because AI is coming for large parts of the value chain. The real question for every software company is "does AI compete with you or work for you." In security, AI does not replace the product since it expands the threat surface and creates more demand for the product.
Remember that the bad guys also have LLMs too which is why the AI security stack matters:
• $ZS zero-trust access
• $CRWD endpoint protection
• $FTNT network firewalls at scale
• $RBRK data resilience & recovery
• $NET network security at the edge
• $OKTA identity & access management
• $S AI-native endpoint & cloud workload security
• $PANW unified network, cloud & SecOps security
• $MSFT Azure-integrated security across identity, endpoint & cloud
When an enterprise deploys 1,000 AI agents executing autonomous workflows then they've just created 1,000 new endpoints that need protection. Each agent has credentials, API access and the ability to take actions but each one can be compromised, manipulated or hijacked.
If AI infrastructure is a generational buildout then cybersecurity is a generational growth story.
Software is getting punished because AI is coming for large parts of the value chain. The real question for every software company is "does AI compete with you or work for you." In security, AI does not replace the product since it expands the threat surface and creates more demand for the product.
Remember that the bad guys also have LLMs too which is why the AI security stack matters:
• $ZS zero-trust access
• $CRWD endpoint protection
• $FTNT network firewalls at scale
• $RBRK data resilience & recovery
• $NET network security at the edge
• $OKTA identity & access management
• $S AI-native endpoint & cloud workload security
• $PANW unified network, cloud & SecOps security
• $MSFT Azure-integrated security across identity, endpoint & cloud
When an enterprise deploys 1,000 AI agents executing autonomous workflows then they've just created 1,000 new endpoints that need protection. Each agent has credentials, API access and the ability to take actions but each one can be compromised, manipulated or hijacked.
If AI infrastructure is a generational buildout then cybersecurity is a generational growth story.
🚨 AFRICA IS THE NEXT MINERAL SUPERPOWER
• 🇨🇩 DRC Cobalt + copper giant
• 🇿🇲 Zambia #Copper belt
• 🇿🇼 Zimbabw #Lithium surge
• 🇳🇦 Namibia #Uranium + lithium
• 🇿🇦 South Africa PGMs + manganese
• 🇲🇦 Morocco Phosphates
West Africa:
• #Gold belts across Mali, Burkina, Ghana
• Bauxite in Guinea
• Iron ore emerging in Sierra Leone
This isn’t scattered geology.
It’s strategic concentration.
#Energy transition metals.
Battery inputs.
Defense-critical minerals.
If capital + infrastructure scale:
• Supply chains diversify from China
• Western FDI accelerates
• Resource nationalism intensifies
Africa isn’t peripheral to the transition.
It’s central to it.
#minerals #mining
• 🇨🇩 DRC Cobalt + copper giant
• 🇿🇲 Zambia #Copper belt
• 🇿🇼 Zimbabw #Lithium surge
• 🇳🇦 Namibia #Uranium + lithium
• 🇿🇦 South Africa PGMs + manganese
• 🇲🇦 Morocco Phosphates
West Africa:
• #Gold belts across Mali, Burkina, Ghana
• Bauxite in Guinea
• Iron ore emerging in Sierra Leone
This isn’t scattered geology.
It’s strategic concentration.
#Energy transition metals.
Battery inputs.
Defense-critical minerals.
If capital + infrastructure scale:
• Supply chains diversify from China
• Western FDI accelerates
• Resource nationalism intensifies
Africa isn’t peripheral to the transition.
It’s central to it.
#minerals #mining
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Larry Fink admits that pushing renewables will cause a global power shortage
After years of pressuring companies and countries to “transition” to renewables, Larry made a 180.
- The world is short power
- To run data centers, you need dispatchable power
- Renewables won’t work
In other words, the world needs:
- Coal
- Gas
- Nuclear
- Maybe diesel
All this at a time when we have underinvested in these sectors for more than a decade, thanks to individuals like Larry.
The future of energy is bright.
After years of pressuring companies and countries to “transition” to renewables, Larry made a 180.
- The world is short power
- To run data centers, you need dispatchable power
- Renewables won’t work
In other words, the world needs:
- Coal
- Gas
- Nuclear
- Maybe diesel
All this at a time when we have underinvested in these sectors for more than a decade, thanks to individuals like Larry.
The future of energy is bright.
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$MP $UUUU $UAMY $USAR $LAC $CRML | United States opened its first new rare earth mine in 70 years at Wyoming’s Brook Mine.
By extracting critical minerals from coal, the project secures a domestic supply for AI and defense to decouple from China.
By extracting critical minerals from coal, the project secures a domestic supply for AI and defense to decouple from China.
🚨 RUSSIA SITS ON $75 TRILLION IN NATURAL RESOURCES
That’s more than anyone
Top countries by resource value:
• 🇷🇺 #Russia $75T
• 🇺🇸 US $45T
• 🇸🇦 Saudi Arabia $34T
• 🇨🇦 #Canada $33T
• 🇮🇷 #Iran $27T
• 🇨🇳 #China $23T
• 🇧🇷 #Brazil $22T
• 🇦🇺 Australia $20T
Russia’s edge:
• Oil
• Gas
• Coal
• Timber
• Rare earths
This isn’t GDP.
It’s underground leverage.
#Energy. #Metals. Strategic materials.
When geopolitics escalates,
countries with reserves hold optionality.
The balance of power isn’t just military.
It’s geological.
#oott
That’s more than anyone
Top countries by resource value:
• 🇷🇺 #Russia $75T
• 🇺🇸 US $45T
• 🇸🇦 Saudi Arabia $34T
• 🇨🇦 #Canada $33T
• 🇮🇷 #Iran $27T
• 🇨🇳 #China $23T
• 🇧🇷 #Brazil $22T
• 🇦🇺 Australia $20T
Russia’s edge:
• Oil
• Gas
• Coal
• Timber
• Rare earths
This isn’t GDP.
It’s underground leverage.
#Energy. #Metals. Strategic materials.
When geopolitics escalates,
countries with reserves hold optionality.
The balance of power isn’t just military.
It’s geological.
#oott
Global #silver supply heavily concentrated
Mexico dominates production.
- Mexico: ~6.3k tons in 2024
- China: ~3.3k tons
- Peru: ~3.1k tons
- Most other producers sit around ~1-1.3k tons
Despite leading production, Mexico holds only ~6% of global silver reserves.
In other words, current supply relies on a narrow group of producers
with limited reserves.
At a time of:
- rising industrial demand
- tightening physical markets
Silver supply is on shaky ground
Mexico dominates production.
- Mexico: ~6.3k tons in 2024
- China: ~3.3k tons
- Peru: ~3.1k tons
- Most other producers sit around ~1-1.3k tons
Despite leading production, Mexico holds only ~6% of global silver reserves.
In other words, current supply relies on a narrow group of producers
with limited reserves.
At a time of:
- rising industrial demand
- tightening physical markets
Silver supply is on shaky ground
Major Currencies Appreciation vs U.S. Dollar in 2025
1. 🇸🇪 Swedish Krona → +20.2%
2. 🇲🇽 Mexican Peso → +15.6%
3. 🇨🇭 Swiss Franc → +14.5%
4. 🇿🇦 South African Rand → +13.8%
5. 🇪🇺 Euro → +13.5%
6. 🇩🇰 Danish Krone → +13.3%
7. 🇳🇴 Norwegian Krone → +12.9%
8. 🇧🇷 Brazilian Real → +12.8%
9. 🇦🇺 Australian Dollar → +7.8%
10. 🇬🇧 British Pound → +7.7%
11. 🇸🇬 Singapore Dollar → +6.2%
12. 🇨🇦 Canadian Dollar → +4.8%
13. 🇹🇼 Taiwanese Dollar → +4.4%
14. 🇳🇿 New Zealand Dollar → +2.8%
15. 🇰🇷 South Korean Won → +2.2%
16. 🇯🇵 Japanese Yen → +0.3%
Source: Bloomberg, Robert Burgess via The Bulwark
1. 🇸🇪 Swedish Krona → +20.2%
2. 🇲🇽 Mexican Peso → +15.6%
3. 🇨🇭 Swiss Franc → +14.5%
4. 🇿🇦 South African Rand → +13.8%
5. 🇪🇺 Euro → +13.5%
6. 🇩🇰 Danish Krone → +13.3%
7. 🇳🇴 Norwegian Krone → +12.9%
8. 🇧🇷 Brazilian Real → +12.8%
9. 🇦🇺 Australian Dollar → +7.8%
10. 🇬🇧 British Pound → +7.7%
11. 🇸🇬 Singapore Dollar → +6.2%
12. 🇨🇦 Canadian Dollar → +4.8%
13. 🇹🇼 Taiwanese Dollar → +4.4%
14. 🇳🇿 New Zealand Dollar → +2.8%
15. 🇰🇷 South Korean Won → +2.2%
16. 🇯🇵 Japanese Yen → +0.3%
Source: Bloomberg, Robert Burgess via The Bulwark
✍1
Physical demand for #silver remains strong.
Let’s ignore recent volatility and focus on physical fundamentals.
- SHFE + SGE stockpiles are down 90% over the last 6 yrs
- Down ~50% since 2025
Ultimately, physical silver demand sets the price.
- Silver is needed for the military and AI
- In its recent NSS, the US declared AI a matter of national security
- The US also declared silver a critical mineral
- And is considering stockpiling it
This means securing silver supply is paramount, regardless of price.
- China is the biggest consumer and exporter of silver
- China has enacted export controls on silver
- And will tighten them further if domestic production is threatened
The supply of silver remains tight.
- Peak silver supply was in 2016
- ~70% of silver comes as a byproduct
- Deficits have been piling up for 5 consecutive years
In other words, rising silver prices will not incentivize a zinc mine to increase production.
Let’s ignore recent volatility and focus on physical fundamentals.
- SHFE + SGE stockpiles are down 90% over the last 6 yrs
- Down ~50% since 2025
Ultimately, physical silver demand sets the price.
- Silver is needed for the military and AI
- In its recent NSS, the US declared AI a matter of national security
- The US also declared silver a critical mineral
- And is considering stockpiling it
This means securing silver supply is paramount, regardless of price.
- China is the biggest consumer and exporter of silver
- China has enacted export controls on silver
- And will tighten them further if domestic production is threatened
The supply of silver remains tight.
- Peak silver supply was in 2016
- ~70% of silver comes as a byproduct
- Deficits have been piling up for 5 consecutive years
In other words, rising silver prices will not incentivize a zinc mine to increase production.
🇨🇭 Global One SI - Prompt
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…
🚨 A FIGHTER JET RUNS ON CRITICAL MINERALS
Titanium,Nickel, Gallium,Rare earths, Lithium...
Now the 🇺🇸 problem:
China dominates:
• Rare earth processing
• Gallium supply
• Key battery minerals
The same materials inside US advanced aircraft.
Defense strength = supply chain strength.
If flows tighten, production slows.
Energy independence was phase one.
Mineral independence is next.
#minerals #rareearth #China
Titanium,Nickel, Gallium,Rare earths, Lithium...
Now the 🇺🇸 problem:
China dominates:
• Rare earth processing
• Gallium supply
• Key battery minerals
The same materials inside US advanced aircraft.
Defense strength = supply chain strength.
If flows tighten, production slows.
Energy independence was phase one.
Mineral independence is next.
#minerals #rareearth #China
🇨🇭 Global One SI - Prompt
Anthropic’s Claude was utilized in the U.S. military operation to capture Nicolás Maduro via its partnership with $PLTR Palantir.
Artificial intelligence is already being weaponised, and it is unclear whether defences can be adapted fast enough to maintain stability.
The US is facing a fiscal crisis.
- Government debt has grown ~8% per year since 2000
- That implies debt doubles roughly every 9 years
- With each recession, the slope has steepened
This trajectory isn’t sustainable.
Meanwhile...
- Trade wars
- Seizure of Russian assets
- Record peace time deficits
Has led foreign central banks to choose gold over USTs.
So at the exact moment the US needs foreign buyers the most,
they’re opting out.
- Government debt has grown ~8% per year since 2000
- That implies debt doubles roughly every 9 years
- With each recession, the slope has steepened
This trajectory isn’t sustainable.
Meanwhile...
- Trade wars
- Seizure of Russian assets
- Record peace time deficits
Has led foreign central banks to choose gold over USTs.
So at the exact moment the US needs foreign buyers the most,
they’re opting out.
🔥1
SPUT is slowly squeezing the #uranium market
- In 2025, SPUT bought more uranium than in the preceding 2 yrs
- It now holds a total of 75 mln lbs
That is equivalent to ~50% of global annual mine production.
Uranium supply is already constrained, deficits are widening, and new production takes years to come online. Each pound SPUT removes is a pound unavailable to utilities.
SPUT is a uranium bull’s best friend.
- In 2025, SPUT bought more uranium than in the preceding 2 yrs
- It now holds a total of 75 mln lbs
That is equivalent to ~50% of global annual mine production.
Uranium supply is already constrained, deficits are widening, and new production takes years to come online. Each pound SPUT removes is a pound unavailable to utilities.
SPUT is a uranium bull’s best friend.
Cost of Living Index 2026 🌍
(NYC = 100 baseline)
💰 Most Expensive Countries
🇧🇲 Bermuda — 123.5
🇰🇾 Cayman Islands — 97.9
🇨🇭 Switzerland — 84.3
🇻🇮 U.S. Virgin Islands — 82.5
🇸🇬 Singapore — 81.2
💸 Least Expensive Countries
🇱🇾 Libya — 12.3
🇪🇬 Egypt — 13.8
🇲🇬 Madagascar — 15.8
🇸🇾 Syria — 16.1
🇮🇷 Iran — 16.2
🌏 Major Economies
🇺🇸 United States — 56.3
🇬🇧 United Kingdom — 51.9
🇦🇺 Australia — 52.7
🇨🇳 China — 21.5
🇮🇳 India — 12.4
📊 Global Median — 30.9
(NYC = 100 baseline)
💰 Most Expensive Countries
🇧🇲 Bermuda — 123.5
🇰🇾 Cayman Islands — 97.9
🇨🇭 Switzerland — 84.3
🇻🇮 U.S. Virgin Islands — 82.5
🇸🇬 Singapore — 81.2
💸 Least Expensive Countries
🇱🇾 Libya — 12.3
🇪🇬 Egypt — 13.8
🇲🇬 Madagascar — 15.8
🇸🇾 Syria — 16.1
🇮🇷 Iran — 16.2
🌏 Major Economies
🇺🇸 United States — 56.3
🇬🇧 United Kingdom — 51.9
🇦🇺 Australia — 52.7
🇨🇳 China — 21.5
🇮🇳 India — 12.4
📊 Global Median — 30.9
🚨 COPPER STOCKS JUST PASSED 1 MILLION TONNES
Supply keeps rising.
• 1,012 kt on exchanges
• 19 weeks of builds in a row
• +45 kt this week
• Shanghai and LME both up
Usually activity slows before 🇨🇳 Lunar New Year.
But this time inventories are already high.
If stocks stay elevated:
• Prices struggle to rally
• Spreads weaken
• Bulls need a new demand or supply shock
Right now, copper looks well supplied.
#copper #China #Metals #minerals
Supply keeps rising.
• 1,012 kt on exchanges
• 19 weeks of builds in a row
• +45 kt this week
• Shanghai and LME both up
Usually activity slows before 🇨🇳 Lunar New Year.
But this time inventories are already high.
If stocks stay elevated:
• Prices struggle to rally
• Spreads weaken
• Bulls need a new demand or supply shock
Right now, copper looks well supplied.
#copper #China #Metals #minerals
🚨 DATA CENTERS ARE BECOMING A POWER GIANT
AI is reshaping US electricity demand.
• 0.5% of US power in 2004
• 2% by 2016
• 4% in 2022
• 7%+ in 2025
This is structural.
More data centers = more gas, more pipelines, more LNG.
Now connect the dots.
One 💰 company owns 25% of a key pipeline behind:
→ US LNG exports. +67% by 2030
→ Texas AI power demand. +163% data center growth
America controls the flow.
This company owns part of the bottleneck.
Don’t miss it.
#oott #energy #LNG #NatGas #AI
AI is reshaping US electricity demand.
• 0.5% of US power in 2004
• 2% by 2016
• 4% in 2022
• 7%+ in 2025
This is structural.
More data centers = more gas, more pipelines, more LNG.
Now connect the dots.
One 💰 company owns 25% of a key pipeline behind:
→ US LNG exports. +67% by 2030
→ Texas AI power demand. +163% data center growth
America controls the flow.
This company owns part of the bottleneck.
Don’t miss it.
#oott #energy #LNG #NatGas #AI
🇨🇭 Global One SI - Prompt
$ASTI $RKLB $ASTS $LUNR $PL $RDW $TE | NASA Administrator Jared Isaacman is accelerating nuclear space propulsion and lunar reactor deployment to secure American superiority. "The Chinese said they’re going to do it, we’re going to do it first."
$ASTI $RKLB $ASTS $LUNR $RDW $VOYG | SpaceX and Blue Origin are the primary commercial drivers in this new era, with Elon Musk’s recent pivot to Moonbase Alpha and Jeff Bezos’s focus on his Blue Moon lander to secure dominance before China’s 2030 mission.
💥 THE WORLD’S RESOURCE POWER MAP
Underground wealth in $ trillions.
• 🇷🇺 #Russia $75T
• 🇺🇸 US $45T
• 🇸🇦 Saudi Arabia $34T
• 🇨🇦 #Canada $33T
• 🇮🇷 #Iran $27T
• 🇨🇳 #China $23T
• 🇧🇷 #Brazil $22T
• 🇦🇺 Australia $20T
• 🇮🇶 Iraq $16T
• 🇻🇪 #Venezuela $14T
This is oil, gas, coal, #copper, rare earths, uranium.
Geology shapes geopolitics.
Countries with reserves hold leverage.
Underground wealth in $ trillions.
• 🇷🇺 #Russia $75T
• 🇺🇸 US $45T
• 🇸🇦 Saudi Arabia $34T
• 🇨🇦 #Canada $33T
• 🇮🇷 #Iran $27T
• 🇨🇳 #China $23T
• 🇧🇷 #Brazil $22T
• 🇦🇺 Australia $20T
• 🇮🇶 Iraq $16T
• 🇻🇪 #Venezuela $14T
This is oil, gas, coal, #copper, rare earths, uranium.
Geology shapes geopolitics.
Countries with reserves hold leverage.
Forwarded from 🛢WTI, Brent Crude Oil, NGAS Trading 📊
🚨 US WANTS TO CUT IRANIAN OIL TO CHINA
Maximum pressure is back on the table.
• US + Israel aligned on tightening Iran oil flows
• Target = Iranian exports to China
• Iran ships 1.5 mb/d, mostly to China
• Much moves via shadow fleets
Why it matters?
• China is Iran’s lifeline buyer
• Cutting that flow hits Tehran’s revenue
• Enforcement risk rises for traders + insurers
This is supply risk.
If enforcement intensifies:
• Iranian barrels disappear from “visible” market
• China refiners scramble for alternatives
• Heavy crude differentials tighten
• Oil risk premium returns
The market sees surplus.
Policy can erase barrels overnight.
#China #Iran #oott
Maximum pressure is back on the table.
• US + Israel aligned on tightening Iran oil flows
• Target = Iranian exports to China
• Iran ships 1.5 mb/d, mostly to China
• Much moves via shadow fleets
Why it matters?
• China is Iran’s lifeline buyer
• Cutting that flow hits Tehran’s revenue
• Enforcement risk rises for traders + insurers
This is supply risk.
If enforcement intensifies:
• Iranian barrels disappear from “visible” market
• China refiners scramble for alternatives
• Heavy crude differentials tighten
• Oil risk premium returns
The market sees surplus.
Policy can erase barrels overnight.
#China #Iran #oott