You just can't own enough Copper. Billionaire Robert Friedland sums it up perfectly..... You people have no idea whatsoever what we’re facing.
“We’re consuming 30m tonnes of copper a year. Only 4m tonnes of which is recycled. That means to maintain 3% GDP growth, with no electrification, we have to mine the same amount of copper in the next 18 years as we mined in the last 10,000 years, combined.
In the next 18 years, I’ve got to mine the same amount of copper as we mined the last 10,000 years. This is without any new electrification, without data centers, without solar and wind and the greening of the world economy. You people have no idea whatsoever what we’re facing.”
I am excited to announce that I have transferred to Notre Dame High School. I am grateful for all the connections I made throughout my first year at Loyola, and I am excited to begin this new journey. Go knights!!
@NDAthleticsSO@EvanYabu@Coach_JRowe@ndhsfootball444
Michael Burry's latest 13F filing is out.
Here's what caught my eye:
• $900M in $SPY Puts
• $738M in $QQQ Puts
• Bought Vital Energy $VTLE
• Bought Generac $GNRC
• Bought Expedia $EXPE
TL;DR: Huge short exposure to SPY/QQQ while long industrials, energy, consumer disc.
Chatting with a friend this aft about long term macro and Gold. Got me all fired up because we are at a period in time similar to 1970. Since then (50years) the gold price has gone up ~57x and the next 50 years will see the same move… possibly much more. Yes. I’m saying…
The Senate Committee on Energy and Natural Resources held a hearing on infrastructure this week:
https://t.co/KskNSR7eRc
Lots of discussion about water use and wildfire management, but also commentary on nuclear power and critical minerals that may be of interest to investors.
@boskovic64, thanks again for the introduction to @AndrewRangeley. We had a great chat yesterday on $VSAT. We tried to go longer than you did in discussing $IDT with @BobbyKKraft but we didn't make it. =)