Metals Mining

[Shai | Vtrender @Am_Shai]

Over the weekend read 2 brilliant articles

1) from Citrini Research - 2028 global inteligence crisis

2) Michael bloch counter-2028 global intelligence boom

Both written from the point of view of mid 2028

I asked gemini to summarise the main points.
2 views. same topic. I leave you to decide

It has implications for the IT industry and the late rush to organise AI expos here in India

[Dr. Don Woods @DonaldW60852684]

My son asked me why HL did so poorly yesterday compared to other silver miners. Reading posts from silver enthusiasts makes the reason more apparent. People see AG, CDE, and PAAS as better buys, especially after the HL full year report. HL reported a drop in ore grade in their 2 largest mines and an expected decrease in total silver production in 2026. This information is obviously bad. Further they reported weaker 2026 earnings estimates than were expected with higher AISC. It sounds terrible.

But HL used an average silver price of $50 for all of its calculations. If you use a silver price of $100 everything changes radically. The lower grade ore will be processed and make a significant profit, the increase in AISC becomes insignificant with $100 silver. I've done the math and even checked it with Grok. If silver remained at $70-75 as many expect then AG, CDE, and PAAS do better. If silver goes to $100 HL does better.

I thought about selling the $2m in HL I bought at between $25-30 when silver was $100, take the loss and buy AG, CDE, or PAAS. In the short term I do believe they will do better. But IMHO silver is going to $100 sooner than most expect and people will realize as Grok and I have that at $100 silver, HL is the best stock to own.

[Don Durrett - goldstockdata.com @DonDurrett]

Top 10 Silver Producers, ranked. 😉

[Thiede Investments @ThiedeInvests]

Rick Rules comments should shed some light on what is going on today: „We’re in a bull market - don’t waste it. In the 1970s, the gold price fell 3 times by 30% or more. 1971-1975: Gold increased 6x, from $35 to $200. In 1975, gold fell from $200 to $100. Everyone shaken out at $100 missed the move to $850 by 1980.“
“You have to prepare yourself financially and psychologically for 20-50% pullbacks.”
“You need to know your portfolio well enough that you have the conviction where price declines are opportunities instead of risks. The converse of that, is that when you see price spike up, you need to harvest gains.”

[Peter Schiff @PeterSchiff]

Powell caved. All FOMC members should be fired for not hiking rates. At least Powell admitted that our economy is weaker and inflation stronger this year under Trump than last year under Biden. Get ready for the great stagflation. Sell U.S. dollars and buy gold & foreing stocks!

[Mark Nelson @energybants]

Massive expansion of Amazon nuclear deal in Pennsylvania!

Wow. Amazon is expanding their offtake from Susquehanna nuclear plant to almost TWO GIGAWATTS through 2042.

This is now the biggest nuclear power deal yet, beating out Meta's Constellation deal from a few days ago.

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 Congressman Thomas Massie introduces bill to audit US gold reserves.

[Wall St Engine @wallstengine]

$META just signed its biggest power deal yet—a 20-year agreement to buy 1.1 GW of nuclear energy from Constellation’s $CEG Clinton plant in Illinois starting 2027.

Without this, the plant was at risk of shutting down as subsidies expire. This deal not only keeps it running but could also lead to a new reactor at the site.

[Justin Banks @RealJGBanks]

TRUMP SIGNING NUCLEAR BILL TOMORROW

NAMES TO WATCH:

STOCKS FOR NUCLEAR

Nuclear Reactors:
$OKLO
$SMR
$NNE

Uranium:
$CCJ
$BOE
$PDN
$EFR
$KAP
$UEC
$PEN
$EU
$URE

Energy Companies:
$PEG
$CEG
$TLN
$VST

Development:
$LAM
$NXE
$DML
$ISO

Plus $URG $LTBR

[Frank Giustra @Frank_Giustra]

Actually, The gold price in Argentine pesos has increased by approximately 3,570% over the last five years,the price of gold in Turkish lira has risen by approximately 885% and 160% in yen terms. Gold is the constant, currencies are the variables.

[Spencer Hakimian @SpencerHakimian]

Ray Dalio telling you in plain English that the bond market is fucked.

[Judy Shelton @judyshel]

This is brilliant analysis and charting by @Monetaryguy589 on a current situation that is scandalous. Foreign banks keep excessive cash balances at the Fed to earn a hefty risk free return that exceeds the rate they would get from their own central bank. Those interest payments from the Fed ($186 billion with over 40% going to foreign banks) take away revenues from the federal budget at taxpayer expense.

[Arlen Hansen @ArlenHansen]

A sneak peek of my discussion with @RealRickRule about the state of the #uranium market.

I LOVE it when the Bulls on X throw in the towel...

This is one you won't want to miss...

#U308 #Yellowcake @kincomm @quakes99

[Peter Spina ⚒ GoldSeek | SilverSeek @goldseek]

JPMorgan now putting a $6,000/oz gold price target by the end of Trump’s presidency:

[Kevin Bambrough @BambroughKevin]

Trump trying to talk up stocks and also obviously cutting a deal with Powell to get him buying bonds (QE, defaulting on debt with monetization) reminds me of the the challenge of deciding to short the market and get long silver and gold in 2000.

The narrative was don’t ‘fight the Fed’ the 20 year bull market on equities has stock traders and investors trained to buy ever big dip and count on the Fed to provide liquidity and the government to provide fiscal stimulus. 87 crash, 98 Asian crisis. Great times to buy…

So, why fight the Fed? Well, sometimes when you factor in all the dynamics of an economy and valuations in the stock market it makes sense to fight the Fed.

We must prepare for many rounds. No straight lines down. Each stimulus and liquidity intervention will typically creat a decent tradeable rally. But, less so each time as the market participants get fatigued from the lower lows and the fact that insiders game the market and then distribute to retail.

Bounces get smaller and drops to new lows come quicker and more painful.

One thing to watch for is pain and emotion in the market. On the faces of Fed officials. In the tone of voice of government offices as they see their re-election slipping away as the public sours on and blames them.

Each high will see over confident euphoria. Each low will see anger and frustration. 2-3 months is common for big bounces before new lows.

The trickiest thing is trying to navigate nominal vs real returns.

This cycle, I think silver is the play. It will be the big outperformer. But I’m going to continue to try to pick off lows in all commodities as they get rinsed and take profits on strong rallies especially new blow out highs of significance

[Greg Huffman @tufferhuffer]

Nuclear Fuels @nuclearfuels Friday Feedstock

Sorry we're late today...busy one. And with even more news than last week, we're trying something new ...below is a "Fast Burn" summary of this week's nuclear/uranium news...we could already feel the "TLDR" comments coming in! And if you'd like the normal full edition (including supporting links), please message us and we'll send via email.

Nuclear Fuels' Friday Feedstock Fast Burn (Summary):

1. The uranium spot market was less hectic, with Ux U3O8 spot price rising to $69.75/lb; with deliveries to France and Illinois hitting $70/lb. Utilities are showing renewed interest, with term contracts indicating future demand (good colour from Cameco’s $CCO $CCJ Q1 conf call transcript which included previously inaudible sections); Sprott CEO noted spot trades at $70–71 and utilities re-entering the market which is supportive of closing SPUT’s discount to NAV.

2. Uranium equities rose 7.9% week-over-week again led by Aussie names, and narrowing YTD losses to 10.6%. Centrus Energy $LEU surged 22% after a Q1 beat, citing strength in U.S.-based enrichment and support for federal funding for nuclear fuel production. Also Money of Mine podcast interview with Ixios’ David Finch featured some insightful (and entertaining) uranium equity commentary.

3. Chatter that the White House is preparing executive actions to speed up nuclear deployment via DoD and DoE which helped fuel uranium/nuclear equity strength this week. Treasury and Energy Secretaries endorsed nuclear expansion and private investment. NEI sent a letter to Congress advocating for critical nuclear tax credits.

4. Two uranium projects in New Mexico: $LAM.C $LAM.A La Jara Mesa and $UUUU Roca Honda) were added to the Federal Permitting Dashboard under FAST-41, promoting regulatory transparency and permitting efficiency.

5. Google announced a strategic agreement with Elementl Power to develop three U.S. sites for advanced nuclear projects, aiming for 600 MW each and targeting commercial readiness by 2035.

6. Ontario approved the start of construction of the first SMR at Darlington, aiming for four units totaling 1,200 MW. Kairos Power began nuclear construction on its Hermes reactor in Tennessee. TerraPower received NRC construction exemption for its Natrium plant in Wyoming. Spain's blackout reignited debate over its planned nuclear phase-out starting in 2027.

7. Australia’s anti-nuclear stance remains after Labor’s re-election, while the EU published a roadmap to eliminate reliance on Russian nuclear fuel. Kazakhstan and Romania are negotiating a 10-year uranium supply deal.

8. Energy Fuels $UUUU raised 2025 uranium production guidance by 22%, expects to meet delivery needs through 2027 with existing inventory. Positive drilling at Nichols Ranch in Wyoming (just east of @nuclearfuels Kaycee Project) and preparations at Whirlwind Mine in Colorado indicate readiness to ramp up as needed.

9. The Cowboy State Daily featured two uranium articles: EPA approved an aquifer exemption for Ur-Energy’s $URG $URE.C Lost Creek project; and Uranium Energy Corp. $UEC announced a collaboration with Radiant Industries to support nuclear microreactor deployment using Wyoming-sourced uranium (with their current production coming from just north of @nuclearfuels Kaycee Uranium Project).

10. Nuclear Fuels @nuclearfuels countdown to drilling at the priority Kaycee Uranium Project in Wyoming continues, with upcoming attendance at the Canaccord Genuity @CG_Driven 2025 Global Metals & Mining Conference in Henderson, Nevada…please reach out if you’ll be there and would like to set up a meeting!

[Uranium Equities @UraniumEquities]

set a goal of quadrupling the size of the nation’s fleet of nuclear power plants, from nearly 100 gigawatts of electric capacity today to 400 gigawatts by 2050." #uranium #nuclear

[John Leggett ✏️ @leggett_john]

“You’re going to need a lot of #Uranium” —CNBC Fast Money

[constantin savin @savinfamily]

Two #GOLD deposits comparison 👇👇

1. @OmaiGoldMines/ $OMG.V ($222 mln mkt cap): 1,98 ind + 2,28 inf = 4,26 Moz Au, as 2024, 20,000 meters drilling subsequently, in #Guyana

2. Axcap Ventures/ $AXCP.CN (only $56 mln mkt cap): 5,57 M & ind + 0,42 inf = 5,99 Moz Au, as Feb 2025, 5,000 meters drilling ongoing, in #Nevada.

@themariovetro

[Baptiste @BaptisteVicini]

Zuck's $65B AI investment is hanging by a thread.

Meta lost its head of AI research as Joelle Pineau just quit.

Meanwhile, Sam Altman is openly mocking Meta's AI strategy as "silly."

Here's what her departure signals about the future of AI: