European Troop Commitments to Greenland
Number of European troops (by country) sent to Greenland to boost security... No, this is not a joke...
BREAKING: The AI chip boom shows no signs of slowing.
Taiwan Semiconductor, $TSM, reported a +35% YoY increase in net profit for Q4 2025, driven by surging AI chip demand. Asia’s most valuable company has now posted YoY profit growth for 8 consecutive quarters. At the same time, revenue grew +21% YoY in Q4 2025, to $33.7 billion. Both revenue and profit beat analyst estimates. Full-year 2025 revenue jumped +32% YoY and surpassed $100 billion for the first time in company history. TSMC also expects record CapEx in 2026, at $52-56 billion, up +32% YoY, to expand global manufacturing capacity. Source: The Kobeissi Letter
US SENATE VOTING ON CLARITY ACT CANCELLED 🚨 Most people don't know the real reason behind this.
The Senate Banking Committee has pulled the vote on the Clarity Act after major pushback from the crypto industry, including Coinbase’s announcement that it won’t support the Crypto Market Structure Bill. Key points of concern: Stablecoin Yields Crushed The Act would ban interest payments on stablecoins, benefiting big banks by eliminating competition and protecting their deposit monopoly. Tokenized Equities Restricted Tokenized stocks would fall under the SEC’s strict securities rules, effectively blocking peer-to-peer or DeFi-style stock tokenization. Permissionless DeFi Threatened AML/KYC rules would require identity verification and monitoring, undermining DeFi’s core principles of anonymity and open access.
This is HISTORIC: The gold-to-silver ratio plunged to 50, the lowest in 14 YEARS.
This means it now takes just 50 ounces of silver to buy 1 ounce of gold, down from ~105 in April 2025. Since then, gold prices have rallied +43% while silver prices have SKYROCKETED an unbelievable +186%. Silver is outperforming gold at the fastest pace in decades. Source: Global Markets Investor Global Markets Investor
The Greenland Bet
Another insider trader? This account just dropped $66K on a Greenland acquisition and also mysteriously won on U.S. strike bets Iran, Venezuela, others! Source: Jacob King Polymarket
The Shanghai premium is screaming stress.
The Shanghai premium is screaming stress. Silver is now trading 9.4% higher in the East than in the West (see chart). Late 2025, you could dismiss this as temporary. That narrative is dead. In the East, silver is already triple digits and the West will soon follow. Source: Bloomberg, Karel Mercx
Q4 earnings season officially kicks off yesterday.
Source: Brew markets
Stocks keep making new highs, but commodities are telling a very different story.
The relative performance of commodities versus the S&P 500 is sitting near levels that have only shown up a few times in history. Those gaps didn’t last forever Source: SentimenTrader
