Weekly Report - July.04, 2026
Lone Stage 2 Technical Breakout Releasing a Blockbuster Study This Week.
Commodities saw another week of choppy trading, but a strong late-week bounce in the precious metals keeps that space incredibly interesting to watch, I remain skeptical that we have seen a short term bottom. Convincing Stage 2 breakouts remain few and far between right now which is a sign to be cautious—one under-the-radar gold stock did meet my technical criteria this week which I will share with paid subs.
Notes From The Week -
Uranium Discount
Uranium stocks have recently flashed a bearish technical signal, but for long-term cyclical investors, this is exactly the type of buying opportunity to welcome with open arms. The structural disconnect in this sector is becoming absurd; several high-quality equities are now trading not far off from their 2020 lows—back when the uranium spot price was sitting at roughly $30/lb, or nearly one-third of today’s ~$85/lb reality.
The general market is pricing these developers as if the macro thesis has crumbled, when in reality, the structural supply deficits, grid expansions, and utility long-term contracting demand have never been stronger. Uranium remains a high conviction area for me and I welcome any buying opportunities.
New York’s Grid Failure
This tweet perfectly encapsulates the absolute policy failure of the modern green transition. I vividly recall activists and celebrities aggressively cheering the closure of the Indian Point nuclear power plant just five years ago, touting it as a massive victory for a 100% renewable future. Fast forward to today, and the reality of that decision has come home to roost: New York is now begging its residents to ration electricity, dial back their air conditioning, and brace for surging power bills.
Closing a plant that cleanly supplied 25% of New York City’s baseload electricity with zero viable baseline replacements is the definition of ideological blindness. You can design virtual energy models on paper all you want, but reality demands real, unyielding baseload power. As the grid strains and electricity prices skyrocket, the public and politicians alike are learning the hard way that a modern economy cannot run on wishful thinking alone. Nuclear power isn’t just becoming popular again out of preference—it is becoming recognized as an absolute mathematical necessity to keep the lights on.
Money Printing Continues
The chart perfectly illustrates why an allocation to hard assets is no longer just a defensive strategy—it is a mathematical necessity. Looking at the data, the U.S. M2 money supply just surged to a staggering new record high of $23.1 trillion in May 2026. Since the year 2000, money supply has been compounding at an aggressive 6.3% CAGR.
While the mainstream financial media debates minor basis-point tweaks to interest rates, the absolute structural volume of fiat currency in the system keeps expanding vertically. The printing will continue out of sheer political and fiscal necessity to service ballooning sovereign deficits. You cannot expand paper liabilities at this pace without permanently debasing the purchasing power of the currency. This unyielding trajectory is exactly why physical gold and silver remain a foundational, non-negotiable component of my investing strategy moving forward. When paper currency is treated as infinite, real tangible assets are the only true store of value.
The Lone Survivor: Unpacking the Week's Only Stage 2 Breakout
This week, I want to share the only true Stage 2 technical breakout that came across my screen. It belongs to an advanced, late-stage gold developer that just released a blockbuster feasibility study. The initial market reaction was incredibly sharp, proving that the asset's tier-one economics are completely undeniable even in a choppy macro environment.