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They LOST CONTROL of Gold and Silver Prices - Now Oil is NEXT

Source: Capital Cosm | Date: January 26, 2026

Key Takeaways

  • Silver hit $100/oz during recording but guest sold ~50% of physical silver holdings due to technical concerns about the parabolic move, while keeping silver mining stocks for their cash flows
  • We're in a commodity "super cycle" driven by global bifurcation into three power blocks (US/Atlantic, China/Asia, Russia/Eurasia) requiring massive investment in critical minerals
  • Oil is significantly undervalued relative to other commodities and should participate in late-stage commodity bull market, with potential for $200/barrel
  • Emerging markets are beginning multi-year outperformance cycle versus developed markets after decades of US outperformance
  • Investment strategy should move down market cap ladder: from senior miners to mid-caps to developers/near-term producers as bull market progresses

Market Views

  • Silver may pull back to $75-80/oz for consolidation after parabolic rise before continuing higher
  • Oil will make "all-time real highs" (~$200/barrel) during this commodity super cycle
  • Massive M&A wave expected in mining sector over next 12-18 months as majors acquire juniors
  • US has been worst performing developed market in 2025, trend reversing toward emerging markets
  • Commodity bull market is multi-year cycle, currently in "middle innings"

Assets Discussed

  • Silver: Hit $100/oz target, guest sold 50% of physical holdings but keeping mining stocks
  • Oil majors: Exxon at all-time highs, recommends crown jewels like Suncor, CNQ, Total, BP
  • Oil services: OIH ETF breaking out, specific mention of Technip (up 542% from 2020 lows)
  • Mining: Focus shifting to developers and near-term producers rather than senior miners
  • Austin Engineering: Australian mining services company making dump truck frames and excavator buckets

Notable Quotes

  • "You're watching a Saturn V rocket here that's just launching off the launch pad... You're in a world war. You're in a bifurcation of the world order into three blocks."
  • "The IEA has been wrong on demand growth for oil for 18 years straight."

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