The gold to silver to base metals procession you're tracking is probably the cleanest roadmap for where capital flows next in this cycle. That industrial metals breakout alongside your global growth reacceleration call for 2026 sets up a pretty compelling case for copper and alum plays. The valuation extreme warning is noted but with central banks still buying and most retail allocations still under 2% this feels like mid cycle territory not a top.
I see you are speaking at the New Orleans Resource Conference, I’m hoping to hear your talk, virtually, if the technology permits! Thanks for the work you do.
The gold to silver to base metals procession you're tracking is probably the cleanest roadmap for where capital flows next in this cycle. That industrial metals breakout alongside your global growth reacceleration call for 2026 sets up a pretty compelling case for copper and alum plays. The valuation extreme warning is noted but with central banks still buying and most retail allocations still under 2% this feels like mid cycle territory not a top.
I see you are speaking at the New Orleans Resource Conference, I’m hoping to hear your talk, virtually, if the technology permits! Thanks for the work you do.
William