Macro Sidebar of Importance
I did a whole rant premarket on the new PROCLAMATION that was released by the White House this morning which I will write about more another day, but for now, here is a good synopsis to why I have repeated over the past year: METALS ARE THE NEW OIL
In a nutshell, I warned this directive reads very much like a PRICE FLOOR for critical metals & minerals & miners.
Emphasis on MINERS. Why is a policy directive that subsidizes demand that initiates a PRICE WAR with China important for miners? Because it’s the kind of proclamation that drives my thesis of US GOVERNMENT AS VENTURE CAPITALIST. US govt investing/buying gold/silver/copper miners is coming.
Amazon already partnered with a copper mine to secure supply.
We should see Private & Public investment directly into the supply chain itself & both competing for the same supply.
Know what you own.