$TE bear case vs bull case.
Here's both.
Bear case:
→ Fuzzy Panda claims construction on G2_Austin is 12–18 months behind
→ If FEOC rules aren't met — federal tax credits disappear
→ Still early stage — Q1 net income only $3.9M
→ Chinese technology licensing ties raise compliance questions
Bull case:
→ Roth Capital called every point of the short report false
→ G2_Austin construction confirmed on schedule for Q4 production
→ Record Q1 adjusted EBITDA of $9.1M
→ Former OpenAI researcher bought 10M shares at ~$4.40 avg
→ Roth: "A model for what the Trump administration wants in domestic manufacturing"
→ 52-week low was $1.03 — it's at $11 now
The war between the short seller and the bull is still live.
That tension is what creates the volatility.
Know both sides before you trade it.
The financial media is telling you the precious metals trade is “done.”
They’re dead wrong.
While spot prices pull back, miner profit margins are wider than ever. We just watched companies post $2,555 margins PER OUNCE in Q1—a literal printing press.
The market is treating these companies like gold is going back to $2,500. They’re operating like it’s going to $5,000.
One of those views is wrong. I know which one I’m betting on.
We just published our newest issue breaking down the "Great Mining Disconnect," including my free Top 15 Ranked Watchlist to trade the spread.
👇 Link in the comments below.
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IN ORDER FROM BEST TO LOWER CONVICTION
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$FCX
$AVGO
$NOW
$MU
$NEM
$WST
$TSM
$DELL
$NVDA
$NFLX
$SPOT
$AG
$HL
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$MRVL
$RDDT
$FTAI
$FIVE
$APPF
$SNDK
Barrick Mining just reported Q1 2026.
Adjusted EPS: $0.98. Analysts expected $0.74.
Beat by 32%.
Revenue: $5.22 billion. Up 67% year-over-year.
Operating cash flow: $2.55 billion. Up 111% year-over-year.
Free cash flow: $1.21 billion. Up 195% year-over-year.
Net earnings: $1.60 billion. Up 256% year-over-year.
Their gold realized price: $4,823 per ounce.
Their cost to mine: $1,708 per ounce.
Margin: $3,115 per ounce. For three full months.
Gold production beat guidance.
$B