You can only judge your performance at the end of the cycle, not somewhere in the middle. GLTA

Always lurking in the dark

Silver equities avoiding eye contact with spot prices...

If our entire PFs gets nationalized we might not walk away with much but at least we know we beat/broke the game

Still need more #copper names.

Similar observations can be made whilst looking at my brother and his friends. They simply have no real clue. They are poorly aware of uranium, but that's all.

I'm involved in a smaller group of high-quality investors, with often multiple years of experience (no hype traders) and there is the yearly tradition to show "a pie diagram" of your portfolio. The absence of commodity names is striking.

*random post* It's incredible how poorly most investors are exposed to #commodities in general. Not taking about #preciousmetals in specific. #copper #oil #tin #bauxite #nickel #gold #silver #zinc #oil #uranium

@LeGhostlyGhost @StealthQE4 True, china and their US Bonds are the wild card here. If they signal as if this makes the #USA an untrustworthy partner and by default the $USD no longer a safe heaven ... But which currency would then form the reserve currency of the world?

But once the trend becomes clear, I'm keen to create a strategy to position myself in refiners of heavy oil or oil plays themselves. My vision is that this will be short term bearish for oil, but will yield us long term bullish chances.

The intervention in Venezuala will give us interesting chances in oil and refinery space. No idea how $oil will react tomorrow, no intention to trade this however. My intention is to give the market some time to show the direction it's heading. 1/2 $CL #oil

There has been lots of talk about the current situation in Venezuela and what it could mean for global oil markets, so I just wanted to provide some nuance on this 🇻🇪 ⤵️ When people say “Venezuela has the world’s largest oil reserves,” as you undoubtedly have seen being thrown

Als je een aantal mensen in Venezuela persoonlijk goed kent, er vrienden hebt, kun je het regime van Maduro toch onmogelijk steunen? Ook niet als je tegen Trump bent.

Venezuela: 🇻🇪 • Largest oil reserves in the world • Massive gold endowment • One of the largest iron ore deposits in the Western Hemisphere • Significant bauxite reserves • Meaningful nickel, and rare mineral potential • Enormous natural gas reserves Read that again

However, if prices remain stable, this means the speculative side has left the trade and the fundamental side has absorbed these margin modifications.

The latter has happened before and was able to get the momentum out of the market in 2011. Although the thesis remains unchanged, these margin requirements can be a burden for the current rally. #XAGUSD #XAUUSD $XAUUSD $XAGUSD $XAG #SILVER

Nevertheless the environment with low energy prices and high metal prices means the earning statements can be very interesting in the upcoming months.

Personally I'm really looking forward to some Copper names in 2026.

Genuinely hope that all those, who might have been to early in 2020, are at least still invested into these markets and realizing there returns.

All metals are nearing a point of no return. Either way all metals will reevaluate to their true value, or we will head into a stagnation. Anyway, all miners, majors and juniors, are still not recognising current price levels.