The one big beautiful bill is designed to keep asset prices up, keep corporate profits high, and give another leg into the next cycle, primarily benefiting people with assets and corporations while arguably doing little for the lower class.

We're in what feels like a bull market for mining, evidenced by strong attendance and many new faces at the Rule Symposium.

Oil's recent geopolitical premium illustrates spike-and-fade dynamics: a ~12% rise to about $77/barrel on Iran tensions reversed back to roughly $65 within days after US strikes, raising the possibility that copper could similarly spike on tariff news and quickly fade to a still-healthy market around historically strong price levels.

Tether is the fifth largest holder of US treasuries and owns roughly $8 billion of physical gold, buying more weekly, plus physical land.