@MoreThanMe10@patrickadownes So true. I picked up most of an order I had at .062! Low liquidity can be a blessing when someone else needs an out but can’t wait
@FredSpider@CxuAsx All-In Sustaining Costs. It is a comprehensive metric used to assess the total cost of producing.
Lower energy costs = lower AISC = more profit = more money for SA & WA
@patrickadownes Thanks Pat
I’m feeling there is a new, different pressure group whispering in the brokers ear right now. One that is going to demand way more transparency on the trades. Futures are bright.
The irony of AI being "deflationary":
Electricity consumption has skyrocketed, and this is just the beginning.
The surge in electric cars, electric heating, and new AI advancements is dramatically increasing our electricity needs.
The global economy is not prepared for these changes.
Paradoxically, I believe AI will initially be profoundly inflationary, yet highly deflationary in the long run.
The extensive infrastructure necessary to harness AI as a significant force for reducing inflation and advancing societal productivity will likely increase inflationary pressures over the coming decade of required hardware expansion, while commodities (particularly metals) remain historically constrained.