Central banks continue to accumulate gold at record levels.

Discoveries won’t be made if juniors don’t have boots on the ground.

La Niña is forecasted for the coming winter months.

A new copper supercycle is emerging, built on several rising geopolitical and market trends.

While gold has hit record highs this year, silver remains undervalued.

The copper market continues to be challenged by supply issues, with two large mines in Chile hit by strikes.

Graphite is indispensable to the EV supply chain.

Millions of feet of copper wiring will be required for strengthening the world’s power grids, and hundreds of thousands of tonnes more are needed to build wind and solar farms.

Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.

Silver is up 33% year to date (July 8), gold is up 15.8%, and copper has gained 19.1%.

Investors are worried Trump will repeal the IRA, which has created over 300,000 jobs as of June 20.

The US Geological Survey reports supply from copper mines in 2023 amounted to only 22 million tonnes. If the copper supply doesn’t grow this year, we are looking at a 6Mt deficit.