2026 - Hard Assets vs. Financial Assets BHP Group $BHP +42% Rio Tinto $RIO +35% Nuclear $URNM +23% Aluminum $AA +18% Copper $COPX +16% Coal $COAL +13% vs Mag7 $MAGS +3% Facebook $META -7% Microsoft $MSFT -14% Bloomberg
Off the late March Lows - High Beta Meme $MEME +59% Bitcoin Miners $WGMI +55% Cannabis $MSOS +38% Semis $SOXX +35% Quantum Computing $QTUM +26% Ark Robotics $ARKQ +23% Copper $COPX +22% Uranium $URNM +20% Silver Miners $SIL +19% Nasdaq 100 $QQQ +16% Bitcoin $IBIT +15% Missing?
Narratives 1. NASDAQ 100 EXTENDS RALLY TO 13 DAYS, LONGEST STREAK SINCE 2013 2. Return since October Silver Miners $SIL +56% Oil Services $OIH +47% Copper Miners $COPX +46% Gold Miners $GDX +45% Natural Gas Equities $FCG +28% Uranium Sector $URNM +26% Mag7 $MAGS 0.00%
Copper is still in play 🔶 — one of the strongest macro tailwinds right now. Between electrification, EV demand, grid upgrades, and AI/data center power needs, the demand story isn’t slowing down. Any pullbacks continue to look like buying opportunities as the structural supply deficit thesis remains intact. $COPX
Hard Assets vs. Financial Assets in a Multipolar World 2026 Coal $CNR +33% Oil & Gas $XOP +33% Natural Gas $FCG +27% Gold $GLD +16% Uranium $URNM +16% Silver $SIL +13% Copper $COPX +6% Nasdaq $QQQ -3% Mag 7 $MAGS -9% Banks $KBWB -10% Bitcoin $IBIT -19%
Markets are Speaking $XME & $COPX are printing life-changing gains as globalization dies, AI buildouts surge & supply wars heat up, mining equities are still vastly under-owned at historic lows. Real assets > paper promises. The great rotation is upon us.🚀 #Copper #Metals” https://t.co/n05lwTfBVp
2026 AI Power - Infrastructure Nuclear $URNM +26% Copper $COPX +22% Natural Gas $FCG +14% Industrials $XLI +12% AI Cash Burn Mag7 $MAGS -6% Tech $QQQ -2% *Free cash flow Mag 7, ORCL 2026; $70B 2025: $200B 2024: $240B 2023: $250B Bloomberg FA function data
Interesting Bull Market 2026 Uranium Miners $URNM +25% Rare Earths $REMX +18% Metal $XME +18% Copper Miners $COPX +18% Coal $COAL +14% Gold Miners $GDX +13% Consumer Staples $XLP +13% Global Value $GVAL +12% Mag 7 $MAGS -4% Innovation $ARKK -8% Bitcoin $IBIT -20% Bloomberg
This precious metal has been completely overlooked by many, but wont be for long… That is #Copper, & it is currently breaking out of a 20+ year resistance. AI is ran by power, & this power is run directly by Copper. These Copper related names will be the first to rocket higher: $FCX ~ Freeport-McMoRan $SCCO ~ Southern Copper $TECK ~ Teck Resources $COPX ~ Global Copper ETF $RIO ~ Rio Tinto $BHP ~ BHP Group $PWR ~ Quanta Services Do not miss your opportunity to strike on this upcoming copper super cycle. Save this post to look back on later…
2026 Nat Gas $UNG +38% Oil Svs $OIH +22% Copper $COPX +18% Silver $SLV +17% Brazil $EWZ +17% Uranium $SRUUF +16% Coal $COAL +13% Gold $GLD +12% Global Value $GVAL +11% Palladium $PALL +6% Platinum $PLTM +4% China $KWEB +4% Mag7 $MAGS +0% Bitcoin $IBIT -4% Software $CLOU -9%
Here come the bulls - “Copper prices are approaching record highs, driven by Goldman Sachs' bullish forecast and concerns over mine supply constraints.” December 2025 2025 Copper $COPX +81% Mag7 $MAGS +22% Software $CLOU -5%
Total Equity Market Cap Nvidia $NVDA $4400B Copper Miners $COPX $700B *Nvidia trades at 24x sales. That's because 800-900 data centers are expected to be constructed in the USA over the next 5-7 years. Modern AI data centers use approximately 27–33 tonnes of copper per megawatt (MW) of IT power capacity. Bottom line, $NVDA CANNOT grow without a lot more copper! And a lot more power.
Planet Earth alert, we are in trouble. That's an extra 12.5mmt (above), NOT counting forocious demand (12% CAGR) growth from countries like India: 2025: 1,900,000mmt 2015: 600,000mmt 2025 Copper Miners $COPX +82% Nvidia $NVDA +34% Mag7 $MAGS +22% Bloomberg data.
*LME COPPER RISES AS MUCH AS 2.5% TO NEW RECORD HIGH 2025 $COPX +70% (Copper Miners 2x Nvidia $NVDA) *Power Grid rebuild. A typical hyperscale data center (100–200 MW) contains roughly 2,700–5,400 tonnes of copper.
Since November 2024 The Era of Fiat Currency Debasement? Silver $SLV +65% Platinum $PLTM +65% Gold $GLD +54% Nuclear $NUKZ +51% Copper $COPX +48% Palladium $PALL +38% Bitcoin $IBIT +0% MicroStrategy $MSTR -60% *Bloomberg terminal data.
2025 Hard Assets vs. Paper Certificates Gold $GDX +112% Silver $SIL +110% Power $NUKZ +79% Copper $COPX +63% Uranium $URNM +60% vs. Mag7 $MAGS +24% S&P 500 $SPY +17% Software $CLOU +4% Innovation $ARKK +0% Bloomberg
2025, an Epic Year $GDX +132% $SIL +132% $REMX +83% $PLTM +76% $NUKZ +72% $COPX +60% $PALL +59% $SOXX +33% $SLX +26% $MAGS +18% $IBIT +14% $TLT +4% Bloomberg data l
2025 Uranium + Metals $URA +117% Nuclear (Power) $NUKZ +78% Copper $COPX +66% Uranium $URNM +64% Vs. Nasdaq 100 $QQQ +18% Mag7 $MAGS +17% Tesla $TSLA +8% Apple $AAPL -1% Amazon $AMZN -2% Software $CLOU -3% Bloomberg data
Copper is up another 3% today. Did they finally figure out AI is a pipe dream without a lot more copper? *Year to date - $COPX +70% > NVDA +40%, MSFT +25%, META +22%, AAPL +3%, AMZN +2%.
@Alpha_Ex_LLC Bloomberg data Platinum $PLTM +80% Silver $SLV +67% Copper $COPX +63% Gold $GLD +53% Uranium $URNM +52% PALL $PALL +49% Nvidia $NVDA +38% Mag7 $MAGs +18% Bloomberg data Chart h/t @albertedwards99 https://t.co/Sjy2y7m9r5
2025 AI Power Infrastructure $NUKZ +65% $COPX +62% $URNM +48% AI Capex $MAGS +18% *Are you in yesterday’s trade or tomorrow’s? https://t.co/34hMPrqHzC
2025 Copper Miners $COPX +63% Apple $AAPL +3% Amazon $AMZN +0% The US power grid is 30 years old in some areas, 50 in others. To support AI data centers, EVs, and robotics (100M next decade) - we need a dozen new copper mines across the Americas from south to north. Listen to Robert - "they cost $5B to $20B each and take 10-20 years to complete." *Book ideas: "When Markets Speak."
2025 as of Aug 30th Gold Miners $GDX 86% Silver Miners $SIL 83% Platinum $PLTM 50% Rare Earth Metals $REMX 62% Nuclear $NUKZ 44% Copper Miners $COPX 31% Steel $SLX 22% Palladium $PALL 21% Bitcoin $IBIT 16% Mag7 $MAGS 10% Semiconductors $SOXX 7% US Treasuries $TLT 2% Bloomberg data.
Hard Assets in 2025 Gold Miners $GDX 127% Silver Miners $SIL 126% Rare Earth Metals $REMX 74% Platinum $PLTM 71% Nuclear $NUKZ 60% Copper Miners $COPX 60% Palladium $PALL 37% Semiconductors $SOXX 29% Steel $SLX 27% Bitcoin $IBIT 25% Mag7 $MAGS 20% US Treasuries $TLT 5% Bloomberg data.
Gold up 13% since late August, just +4% away from $4000. Copper miners $COPX up +40% since August, the great migration is upon us, buckle up!
2025 Rare Earths $REMX +66% Platinum $PLTM +62% Nuclear $NUKZ +59% All Metals $XME +59% Copper $COPX +46% Vs. Tesla $TSLA +9% Apple $AAPL +1% Amazon $AMZN +0%
2025 Gold Miners $GDX 86% Silver Miners $SIL 83% Platinum $PLTM 50% Rare Earth Metals $REMX 62% Nuclear $NUKZ 44% Copper Miners $COPX 31% Steel $SLX 22% Palladium $PALL 21% Bitcoin $IBIT 16% Mag7 $MAGS 10% Semiconductors $SOXX 7% US Treasuries $TLT 2% Bloomberg data.
Hard Assets vs. Financial Assets 2025 Silver Miners $SIL +72% Gold Miners $GDX +71% Nuclear $NUKZ +49% Rare Earths $REMX +41% Metals $XME +40% Gold $GLD +29% Coppe Miners $COPX +22% Stocks $RSP +5%* vs. Software $CLOU -9% *S&P 500 Equal Weight -1.5% since November. https://t.co/HR1evpX4vp
A seismic shift is upon us - Hard assets vs. Financial asset. Looking forward, we need an entirely new portfolio construction. AI disruption, we must pay attention. 2025 Copper $COPX +18% Software $CLOU -6% https://t.co/JlYAgKOM8G
2025 Hard Assets vs. Financial Assets Gold Miners $GDX 66% Copper Miners $SIL 60% Nuclear $NUKZ 48% Platinum $PLTM 44% Palladium $PALL 28% Copper $COPX 15% Mag7 $MAGS 5% Bloomberg data
