Willem Middelkoop: "The big outbreak has yet to begin"

The rally in gold, silver, and commodity stocks has, according to Willem Middelkoop, only just begun. In this episode of Macro with Middelkoop, he explains how the AI revolution, data centers, electrification, and the growing energy demand are structurally increasing the demand for copper, silver, lithium, and uranium.

In addition, Willem discusses why he believes the recent correction in gold and silver was actually a healthy technical signal, and why the next major phase of increase can now begin. He also addresses the rising U.S. national debt, the lack of buyers for U.S. Treasury bonds, Bitcoin's role as digital gold, and the importance of taking profits during market euphoria.

Finally, Willem analyzes the situation around Iran and the Strait of Hormuz. Why have the military attacks nearly stopped, what power shift is taking place around the Gulf, and why does he speak of a silent American withdrawal from the region?

Source: GoldRepublic, Bart Brands, Willem Middelkoop

Macro with Middelkoop