IceFire Capital

https://www.youtube.com/watch?v=ukK8ayV444Y

Jeff Currie Says Commodities Are Poised for Supercycle Jeff Currie, co-chairman at Abaxx Markets, says demand for artificial intelligence is helping set up the commodities industry for a supercycle lasting a deca...

https://www.financialsense.com/podcast/21656/craig-tindale-how-china-won-global-supply-chain-war

Security Verification

https://ca.investing.com/news/economy-news/emerging-markets-hit-record-highs-as-ai-boom-and-oil-exports-offset-war-risks-4605097?utm_medium=feed&utm_source=yahoo&utm_campaign=yahoo-ca

Emerging markets hit record highs as AI boom and oil exports offset war risks By Investing.com Emerging markets hit record highs as AI boom and oil exports offset war risks

Unusual Machines $UMAC

https://www.reuters.com/business/fed-chief-nominee-warsh-set-clear-key-confirmation-hurdle-wednesday-2026-04-29/

Fed chief nominee Warsh clears key hurdle toward Senate confirmation vote Kevin Warsh, U.S. President Donald Trump's pick to ​lead the Federal Reserve, cleared a key procedural hurdle on Wednesday, opening a path for him to succeed Jerome Powell next month amid the White House's ‌unprecedented efforts to exert control over the world's most powerful central bank.

https://www.visualcapitalist.com/the-worlds-largest-sovereign-wealth-funds/?mc_cid=548f386f0f&mc_eid=931f59c69b

Where the World’s $13T in Sovereign Wealth Is Held There's over $13 trillion being managed by sovereign wealth funds. A country of just five million people owns the biggest one.

Financelot

Global energy supply is now down an astounding 60% in the last 60 days!
We've never seen anything like this before.

I don't think people fully grasp the tsunami on its way. We're talking lockdowns, travel restrictions and grounded flights.

Not only that, the fertilizer situation is even worse! Expect food shortages in 3-4 months, Arab Spring 2.0 food riots globally, and introduction of a CBDC for food rationing.

"This economic damage is there with or without a ceasefire,"

warns that the energy crisis has moved past shipping delays.
Watch the full discussion on The Real Story with

:

Is Iran War Breaking the Global Monetary System? | Jim Rickards & Michelle Makori Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, interviews James Rickards, New York Times bestselling author and Editor of Strategic Inte...

Since the start of the Iran war...
Sulfur: +67%
Jet Fuel: +66%
Urea: +51%
Diesel: +50%
Heating Oil: +40%
WTI Crude Oil: +37%
European Natural Gas: +34%
Gasoline: +32%
Fertilizer: +31%
Brent Crude Oil: +31%
Coal: +14%
Palm Oil: +10%
Iron Ore: +7%
Rice: +4%
S&P 500: +1%
$VIX: -8%

Legendary investor Howard Marks puts it bluntly:

“When you buy the S&P 500 at a 23x P/E, your 10-yr annualized return has always fallen between +2% and –2%, IN EVERY CASE, EVERY CASE.”

Today the market sits at a 25x P/E. Add inflation… and your “returns” are negative.

So what’s Marks doing? Buying bonds!

During the 2000–2002 crash:
- Long-term Treasuries: +40–45%
- NASDAQ: –78%

History doesn’t repeat perfectly, but it rhymes.
We might only be in the first inning of the next pullback.