A compelling chart for silver.
The outperformance of hard assets over financial assets is, in my view, one of the most significant macro trends unfolding today.
While we’ve seen similar shifts in the past, years of prolonged underperformance have conditioned investors to
November has never been lower when the S&P 500 was higher in May, June, July, August, and September.
But October and December are down on average. Something for everyone.
And this is only the beginning...
“The reliability crisis is here now; it’s not off in the distance somewhere,” said Mark Christie, a former chairman of the Federal Energy Regulatory Commission.
He said that load forecasts — the expected demand for power on electricity grids —
The Pentagon plans to purchase up to $1 billion in critical minerals, including cobalt, antimony, and tantalum, to strengthen US stockpiles amid growing geopolitical tensions and China’s new export controls on rare earths and other key materials.