An Industrial-Scale Narrative Wrapped in Cow Dung July 8, 2026 Long story short, as we noted in the last Market Update, several members of our team and I spent the better part of a year dissecting the AI story, separating genuine technological progress from the marketing narrative that has engulfed it. The conclusion we reached … Read more

Dark Horse Commodities: Why Palladium and Platinum May Be the Market’s Most Misunderstood Opportunity July 7, 2026 Every bull market has its celebrities. The headlines chase whatever has already moved, analysts compete to raise price targets after the rally has taken place, and investors convince themselves that yesterday’s winners will somehow continue winning forever. Meanwhile, … Read more

Why the Next AI War Will Be Won by Systems, Not Chips July 5, 2026 For much of the past three years, the artificial intelligence race appeared remarkably straightforward. Build the largest model, buy the most GPUs, construct the biggest data centres, consume the most electricity, and eventually the strongest player would emerge. Scale became … Read more

The System Wins: How China Is Redefining What It Takes to Lead in AI Jul 4, 2026 For much of the past three years, the conversation about artificial intelligence has rested on a deceptively simple assumption. Whoever builds the fastest chip wins. Whoever trains the largest model wins. Whoever pours concrete for the biggest data … Read more

Yesterday’s Metal, Tomorrow’s Scarcity: Why Palladium May Be the Commodity Market’s Dark Horse Jul 3, 2026 Every commodity develops a reputation, and once the market accepts that reputation it becomes remarkably difficult to change. Gold becomes the safe-haven metal. Copper becomes the global growth indicator. Lithium becomes the electric vehicle story. Palladium, meanwhile, has been … Read more

The Next AI Breakthrough May Come From Throwing Information Away Jul 1, 2026 For decades the technology industry operated under a simple assumption: bigger meant better. Larger hard drives, faster processors, more memory and eventually larger language models all followed the same philosophy. If performance stalled, the obvious solution was to add more resources. Artificial … Read more

SpaceX’s Quiet Transformation: The Rise of the First AI Aerospace Infrastructure Giant June 30, 2026 For decades, SpaceX was viewed almost exclusively through the lens of rockets, satellites, and Mars. Investors measured its progress by launch cadence, Starlink subscribers, reusable boosters, and ambitious timelines that often seemed to blur the line between engineering and science … Read more