Uranium is a strong commodity performer regardless of broader economic conditions because the global shift to nuclear energy is happening across the board, with significant reactor extensions, restarts, and buildouts occurring worldwide.

Extremely tight uranium supply exists, especially after the world's largest uranium producer, Kazatomprom, missed production targets last year, appears to be missing them this year, and faces murky future production levels.

A coup occurred in Niger causing a collapse in uranium equity prices, followed by recovery, then further political deterioration when the Niger government cancelled its military agreements with the US, creating renewed uncertainty and another collapse in equities.

The Federal Reserve appears unable to tame inflation with recent CPI prints coming in hotter than expected, and the inflation data cannot be trusted because it is heavily hedonic adjusted and essentially lying to the public.

BlackRock alone manages around $10 trillion, which is approximately equal to the total of every sovereign wealth fund in the world combined, demonstrating the scale difference between private asset managers and sovereign funds.

Peter Zeihan, a geopolitical analyst, predicts that China will collapse economically within the next 10 years, citing factors such as declining and aging population as well as escalating debt levels.