01-28-26 spal
Copper
What is new compared to prior years, is the rapid build-out of data centres. AI-driven compute expansion requires massive grid connections, high-density cabling, transformers, cooling systems, and power distribution infrastructure, all of which are copper-intensive. As a result, copper demand from data centres alone is forecast to rise from approximately 1.1 million tonnes in 2025 to 2.5 million tonnes by 2040. This is a new driver that sits alongside electrification, not replacing it.
https://seekingalpha.com/article/4863102-the-coming-copper-squeeze-miners-stand-to-benefit
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01-28-26 spal
Is An Official U.S. Gold Revaluation Coming?
Jan. 27, 2026 10:05 PM
Steven Saville
https://seekingalpha.com/article/4863188-is-an-official-us-gold-revaluation-coming?mailingid=43778154&messageid=2850&position=rta_analysis_popular_main_3_textlink&serial=43778154.15981&source=email_2850&utm_campaign=rta-author-article&utm_medium=email&utm_source=seeking_alpha&utm_term=43778154.15981
Saville is a very calm, sober (some like me would say perhaps a bit boring) analyst ... but here we are. |
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01-28-26 spal
The Mining And Metals Supercycle- Driven By AI And The Deterioration Of Fiat Currency Values
Jan. 27, 2026 3:09 PM ETState Street® SPDR® S&P® Metals & Mining ETF (XME)GLD, GDX, GDXJ, SLV, SIL, SILJ
Andrew Hecht
https://seekingalpha.com/article/4863081-the-mining-and-metals-supercycle-driven-by-ai-and-the-deterioration-of-fiat-currency-values |
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01-28-26 spal
| Gold and Silver making large moves up into the late evening here in the US. |
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01-28-26 spal
| A largely unnoticed development is going on in the energy sector (XLE), and it spells a more bullish message for the market. The percentage of stocks in the energy sector that are at 52-week highs has risen above 31% for the first time in over 300 days |
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01-28-26 spal
Plausible Price Shock Scenarios
Analyst models and historical patterns suggest:
Scenario Likely Impact on Brent Crude
Asymmetric interference (mines, drones, GPS jamming) +3–10 % risk premium
Short-term partial shipping delays +8–15 % spot spike
50 % throughput reduction for a month ~$110/barrel (+30 %) (Goldman model)
Near-closure/blockade (unlikely) $120–$150+ (JPMorgan and historical analysis) |
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01-28-26 spal
Signifiocant mining of the Straight of Hormuz - will likely cause immediate suspension of insurance on shipping in that area. Fast boats are now massed and available for "suicidal" disruption attempts. Large drone armory assembled to harrass traffic. Proxy activity expected.
Unless oil stocks are available - watch for spikes in price. |
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01-27-26 spal
| Mahan Air traffic (with IRGC families) exiting Iran ... heavy. |
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01-27-26 spal
Iran ... soon ... massive outbound flights of C17 Globemasters (big up tick last 5 days) heading over to the Middle East. Huge air tanker and air refueller traffic. Drones loitering over the Straight of Hormuz looking for mine drops by the Iranians.
Stay long gold and oil.
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01-27-26 savo
HOUSTON/WASHINGTON, Jan 27 (Reuters) - U.S. officials are working to issue a general license soon that would lift some sanctions on Venezuela's energy sector, three sources familiar with the preparation said on Tuesday, a shift from a previous plan to grant individual exemptions to sanctions for companies seeking to do business in the country.
would welcome something similar for our bonds. |
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01-27-26 spal
CENX
CENTURY ALUM CO
47.82 (+6.01%)
US Aluminium with friends from the Emirates. Command enconomy - investment behind the tariff walls in the stonghold.
08:44 AM EST, 01/26/2026 (MT Newswires) -- Century Aluminum (CENX) and Emirates Global Aluminium said Monday that they have agreed to build the first new primary aluminum production plant in the US since 1980.
Under the agreement, Emirates Global will own 60% of the joint venture, while Century will own the remaining 40%.
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01-27-26 spal
Rick Rule
One of the most astute natural resources investors, certainly in North America.
I listened to the whole interview. Recommended if you have time.
https://www.youtube.com/watch?v=iVYq2vEifVU |
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01-27-26 spal
AFMJF
ALPHAMIN RES CORP
Tin - DRC
Alphamin Resources Corp’s principal asset is the Bisie Tin Mine in the Democratic Republic of Congo (DRC), one of the world’s highest-grade tin operations and a material contributor to global supply
The company’s controlling ownership shifted in 2025 when International Resources Holding (IRH) — a UAE-based strategic investor — acquired approximately 56 % of Alphamin** in a C$503 million transaction, positioning IRH as the majority stakeholder with strategic influence over future growth
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01-27-26 carib
Victor: There have been several debates in the Cortes on the issue.. but it is a treaty between the UK and the EU, which does not require explicit spanish consent.
the spanish right wing MEPs are free to vote against ratification by the European Parliament, but they are a small minority. |
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01-27-26 carib
Spain’s unemployment rate has dropped below 10 per cent for the first time since its 2008 housing crisis, underscoring its place as one of Europe’s best-performing economies.
Spanish unemployment fell to 9.9 per cent in the final three months of 2025, data on Tuesday showed, leaving it far below a 27 per cent peak hit in 2013 when the bursting of a property bubble had given way to the Eurozone sovereign debt crisis.
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01-27-26 victor
| carib, i dont think that sanchez has even sent the gibraltar deal to other parties for review. |
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01-27-26 carib
Actually, my only interest in spanish politics, right now, is to see no fuss with the ratification of the UK/EU treaty on Gibraltar, which fortunately does not need spanish cortes to vote on it.
I would expect the next spanish government to be conservative led.. but it's not easy anyway. |
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01-27-26 carib
IMHO 1,20 US$/€ would be "fair value, right now.
Obviously, actual FX can overshoot either side. |
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01-27-26 pillz
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01-27-26 victor
EU, India clinch 'mother of all deals' in rebuff to Trump
The signing of a deal after years of stop-go talks reflects the fallout from Trump's aggressive trade policy.
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01-27-26 victor
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01-27-26 victor
| pana, my op: we are not needy, we are not sick, so every day is xmas. with or without gold at 8k. |
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01-27-26 panasonic
| Vic, I don't care who wins, we can find other stuff to celebrate, maybe when gold goes to 8k ;-) |
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01-27-26 victor
| pana, no celebrations on my behalf :-) |
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01-27-26 panasonic
| Vic, may you be right to celebrate! Cheers!! |
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01-27-26 victor
pana, Sanchez has more lives than a cat
//
after next general elections, it should become obvious that he does not.
he was simply unscrupulous enough to get rid of all the critics in the PSOE, so nobody would question his staying in office for 4 years, without getting anything done.
in 2023 he knew quite well that nothing, or almost nothing would pass congress, and he didn't care.
he conned his voters, and continues conning them, by promising them stuff that he knows will not pass congress. |
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01-27-26 panasonic
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01-27-26 panasonic
Carib, in UK head of Gov. is referred as Prime Minister, not the case in Spain.
That said, why are we discussing Spain??? Let's talk Mag7, Metals, Veni, shipping cos. ;-)
The only thing I said, Sanchez has more lives than a cat, don't have further to add abt. Spanish politics. |
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01-27-26 victor
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01-27-26 carib
Sanchez is presedente del gobierno (prime minister), named by the king, not directly elected.
No party in Spain is likely to have an absolute majority, so coalitions are required..
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01-27-26 panasonic
Carib, some lunatics consider Sanchez "president" wow!!
https://www.lamoncloa.gob.es/lang/en/presidente/news/paginas/2023/20231116_investiture-session.aspx |
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01-27-26 panasonic
| Carib, ah wow didn't know, now I can sleep better knowing that the king can throw Sanchez to the lions :-)) |
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01-27-26 carib
Panas: last time I checked, Spain was ruled nominally by a King.
No presidential elections there, so far..
;~) |
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01-27-26 panasonic
Vic, yep of course, that sentiment is all over EU, not unique to Spain.
Presidential elections are won by very small margins, so Sanchez can and will exploit to the max, and PP will have little flexibility on certain subjects. |
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01-27-26 victor
pana, i dont think that dt is the main reason why people are going to vote for or against sanchez.
abascal makes a nice summary of what's at stake.
and it's a direct consequence of miriam's NO-to-everything since 2023.
//
january 22nd.
"¡Aquí no funciona nada!, ¡Ni las carreteras, ni los trenes, ni los hospitales, ni la educación!...
https://x.com/vox_es/status/2014422071791559137 |
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01-27-26 victor
pana, distance with DT would be a good strategy for PP?
//
given nato, it's a necessary strategy for all parties: vox, pp, psoe, etc.
some more than others. but you can't expect any of them to get too close to dt, after greenland and nato.
so what sanchez is doing, anti-dt, isn't unique.
it's simply that the other guys are not in office, while sanchez is fighting for his own survival. |
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01-27-26 panasonic
Vic, yes...distance with DT would be a good strategy for PP?
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01-27-26 victor
| pana, ayuso-PP is friendly with milei, keeps mute on dt. |
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01-27-26 victor
pana, vox is openly friendly with dt and milei.
but given dt's stance on nato, vox has had to distance themselves from dt, just like other far-right parties.
as for the pp, they once said that they are indifferent to whoever wins the white house, that they have good relations with both parties, but probably prefer for Democrats to win. |
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01-27-26 victor
pana, you dont remember but back in 2023, after the elections, psoe people were telling sanchez:
"call new elections, don't deal with miriam, the price is too high to pay"
yet sanchez refused to call new elections, and sold himself to miriam. |
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01-27-26 panasonic
Vic, me not trying to get inside Spanish politics "mess", my point is simple, PP is the one in a difficult position.
My question to you, which strategy would work best for PP, mark distance from DT or not? |
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01-27-26 victor
pana, the fact that sanchez insists so much on finishing his term, is because he figures he's going to lose.
last time, in 2023, he thought mistakenly he would win, and called early elections. and that's how he ends up in miriam's claws. |
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01-27-26 victor
pana, PSOE stance is clear
?/
if things were clear, sanchez would call early elections instead of dealing with the ridicule that miriam puts him through, whenever they have to vote for whatever.
last one is an omnibus, with increase in pensions, which sanchez wanted to pass tomorrow tuesday, but miriam already announced it's a NO. |
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01-27-26 panasonic
| We'll have to wait for general elections, PSOE stance is clear, PP strategy yet to be seen. |
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01-27-26 victor
pana, we'll see.
please answer my question. |
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01-27-26 panasonic
| Vic, Muslims (30 million all over EU + UK btw) won't put their skin at risk, they will run to "neutral" places, so your theory that Spain can stay neutral is imho part of the dream exposed by Rutte... |
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01-27-26 victor
pana, Sanchez will stay strong imho, only thing he needs is opposing DT for a smooth ride.
//
why didnt this strategy work in extremadura?
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01-27-26 victor
pana, they are not going to fight any war
i have no idea what you are talking about. |
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01-27-26 victor
pana, yes, ive heard it too. so??
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01-27-26 panasonic
| Yep, but they are not going to fight any war, they will run to the neutral idiot. |
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01-27-26 panasonic
No Vic, on the contrary...Spain kicked Muslims out! They had balls at that time.
Today outside Alhambra or Cordoba's Mesquite you can check, they are back!
I spoke with many (between falafel sandwiches), msg was same everywhere "hermano, todo esto volvera a ser territorio musulman" |
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01-27-26 victor
| pana, btw, countries like france, uk, germany, russia have a much larger muslim population than spain. |
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01-27-26 victor
pana, in times of "neutrality" Muslims were not invading EU.
//
seriously?? did you forget already that spain was muslim so many years ago? :-)))
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01-27-26 panasonic
Vic, in times of "neutrality" Muslims were not invading EU.
Sanchez may say what he wants, there is no neutrality in the silent invasion from ME, Spain can play neutral till all the muslims from EU move there, under the same excuse of staying neutral, not the best outcome for Spain, me think. |
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