iluxonchik
Joined 12 years ago
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173
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127
Member since
Feb 22
Recent submissions
Comment · 9 months ago
AI infrastructure is built on copper.
From a technical standpoint, copper is currently flipping a ≈20 year old resistance for support. On a monthly chart, copper is in a multi-year upwards channel, and it’s now close to the upper trend line of that channel. Copper is also at record lows when priced in terms of gold and silver.
From a fundamental, supply/demand perspective, copper is required for electrification, data centers, new buildings, electric vehicles, and electric appliances in general.
Comment · 9 months ago
The tariffs imposed by the U.S. on the European countries are detrimental to USD's position as a reserve currency. A capital outflow out of the U.S. dollar creates positive price pressure on gold via increased demand.
This is true regardless of the U.S. Supreme Court's decision on whether President Trump can lawfully impose unilateral broad tariffs via executive order using the the International Emergency Economic Powers Act (IEEAP).
It summarizes down to increased pressure on swapping USD-denominated reserves for gold (and renminbi/Chinese Yen), and the disincentives for acquiring/rolling-over USD treasuries, bonds and notes.
The article goes into more detail.
Illya's Threads: https://illya.sh/threads/ Illya's Thoughts: https://illya.sh/thoughts/
Website: https://illya.sh/ Blog: https://illya.sh/blog/
I am the founder of zkLocus - a protocol for private geolocation sharing off & on-chain. zkLocus turns geolocation into a Real World Asset (RWA).
zkLocus homepage: https://zklocus.dev/ zkLocus GitHub: https://github.com/iluxonchik/zkLocus