Monthly Portfolio Review, June 2025
Now THIS is a commodities bull market
For the past couple of years, the “commodities bull market” was really just gold going up. But that’s changing, as a bunch of other commodities join the party.
Uranium broke its year-long correction with a big upward move, driven by growing acceptance of nuclear power:
Copper made another run at its all-time high:
And platinum, the forgotten precious metal, went straight up:
For miners, higher commodity prices will produce great Q2 earnings reports in July and August. So brace for more good news.
Sector and Macro News
China to nearly double nuclear power capacity by 2040 in rapid build-up!
Dollar falls to three-year low after report Trump may name next Fed chair early
More Than a Monetary Metal: Silver's Case for Outperformance
India plans to buy 4x more uranium for nuclear energy
Return of Zero Interest Rate Policy as Swiss Central Bank Cuts Rates
Central banks favour gold over dollar for reserves, WGC survey
Support for renewables shrinks as fossil fuel interest grows
UBS Upgrades Uranium Prices On "Repowering The US" Theme Gaining Steam
The great nuclear restart goes continental
World Bank lifts ban on funding nuclear energy in boost to industry
Silver entering exponential phase
The Truth About Fort Knox and Gold Leasing
U.S. and Global Money Supply Surges to Record Highs
Oil & Gas Deals Are Tanking. The World’s Top M&A Law Firm Has Been Here Before
AEM's Lower AISC Signals Strong Cost Discipline: Can It Be Sustained?
Chain Reaction. The great nuclear restart goes continental
Dundee Precious Metals to buy Adriatic in $1.25B deal
The Condo Bust Is Here: Prices Dropped Already 10% to 23% in 20 Bigger Cities
But they do feel like selling them.
What else do people want?
Portfolio Company News
Spoiler alert: It’s almost all good.