# Resources Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Resources", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

MVC Market View Express (3.9-3.15)

Recent tensions in the Middle East have heightened market sensitivity to geopolitical risks, particularly concerning Iran. The assessment is that the U.S. is unlikely to deploy ground troops, while Iran may use external pressure to legitimize internal political restructuring. A 20% rise in oil prices could trigger a U.S. policy response, keeping the situation broadly manageable. Geopolitical premiums will continue to influence market sentiment until oil falls below $100 per barrel. Long-term trends, especially in commodities and precious metals, remain upward, with new capital being deployed opportunistically on dips. Three key themes are emphasized: 1. Commodities and Resources: Geopolitical risks and the restructuring of the credit system support elevated gold prices. Exposure to gold mining equities is being increased. Copper is viewed as a medium- to long-term allocation, benefiting from future liquidity expansion. 2. Digital Assets: Bitcoin has recently outperformed equities but lacks a clear trend reversal signal. A cautious stance is maintained, prioritizing drawdown control while awaiting confirmation of a turning point in U.S. dollar liquidity. 3. AI and Technology: Current valuations of AI leaders appear full, with limited short-term upside consensus. Future performance will heavily depend on changes in global liquidity conditions. Overall, the strategy remains centered on the themes of “traditional credit system restructuring” and “East-facing allocation,” with a focus on RMB-denominated resource assets to balance certainty and upside potential.

marsbit03/09 11:14

marsbit03/09 11:14

CSC: Short-term Correction Does Not Alter the Spring Rally, 'Technology + Resources' Remain the Main Theme

Zhongxin Jian Tou report maintains that short-term market corrections do not alter the ongoing Spring rally, with "Technology + Resources" remaining the core investment theme. Recent volatility, triggered by a sell-off in broad-based ETFs and sharp declines in international gold and silver prices, has cooled investor sentiment. However, the overall adjustment for the A-share market is expected to be limited, with stabilization anticipated before the Spring Festival and a new upward trend likely around the holiday. Key factors include the nomination of Kevin Warsh, a perceived hawk, as the next Fed Chair. His expected policy focus on "balance sheet reduction + interest rate cuts" may lead to a steeper yield curve, causing profit-taking in the "weak dollar trade." Nevertheless, high-growth sectors like AI could benefit from future rate cuts, and the financial sector may gain from wider interest margins. The report advises long-term bullishness on technology (e.g., AI, power equipment, storage) and resource sectors. Short-term style rotation is accelerating, favoring previously corrected tech stocks, financials, and mid-stream manufacturing (e.g., home appliances, autos, steel). supportive policies, ample liquidity, and seasonal positive effects in February are seen as catalysts for the continued Spring rally.

marsbit02/02 11:21

CSC: Short-term Correction Does Not Alter the Spring Rally, 'Technology + Resources' Remain the Main Theme

marsbit02/02 11:21

2026 Macro Forecast: Liquidity, Expectations, and the New Order

Amidst a paradigm shift from globalization to regionalization, the 2026 market outlook highlights a critical deterioration in the quality of US dollar liquidity. Despite the Fed's defensive rate cuts in late 2025, liquidity remains tight due to massive margin debt, explosive growth in the repo market, and a structural reliance on short-term T-bill financing, which increases systemic fragility. This has led to higher long-term funding costs and a return to "strict diversification," with capital flowing into gold, non-USD assets, and supply-constrained resources rather than traditional dollar-denominated assets. Three core investment themes emerge: resources (commodities like gold and copper), AI infrastructure (semiconductors, energy, data centers), and defense/security, reflecting the new priority of "location over growth" in a fragmented world. Cryptocurrencies face a divergence: Bitcoin is increasingly treated as a "digital commodity" and hedge, while equity-like tokens must offer substantial risk premiums to compete with high risk-free rates. The key takeaway is that investors should prioritize hard assets with inelastic supply, embrace structural differentiation across asset classes, and manage portfolios around constraints rather than predictions, as the era of easy liquidity and centralized bank support has ended.

marsbit02/02 02:39

2026 Macro Forecast: Liquidity, Expectations, and the New Order

marsbit02/02 02:39

Supply Side Decides Fate: The Global Game of Tin, Antimony, Tungsten, Molybdenum and China's Core Position

This article analyzes the global supply dynamics and China's pivotal role in four critical strategic metals: tin, antimony, tungsten, and molybdenum. It argues that control over supply is paramount, often determining market stability, and that these "small metals" can rapidly evolve into strategic resources due to technological breakthroughs, as seen with lithium. The analysis highlights extreme supply concentration for each metal. Tin supply is heavily impacted by production halts in Myanmar's Wa State, a key supplier to China, the world's top refined tin producer. Antimony production is dominated by China, Tajikistan, and Russia. China overwhelmingly leads tungsten production (83% of global supply) but faces constraints from depleting high-grade ores. Molybdenum supply is also highly concentrated, with China holding a dominant position not only in production (42%) and reserves (39%) but also as the largest consumer, creating a self-sufficient industrial loop. A recurring theme is China's unique "resource endowment + production advantage" in these sectors, making them core strategic minerals. The piece underscores that geopolitical factors and supply chain security are key drivers of value reassessment for these metals, with their status as bargaining chips in global relations likely to intensify.

marsbit01/26 11:30

Supply Side Decides Fate: The Global Game of Tin, Antimony, Tungsten, Molybdenum and China's Core Position

marsbit01/26 11:30

2026 Investment Framework: The End of Globalization, AI Supply-Demand Mismatch, and the Silver Frenzy

Investment Framework 2026: End of Globalization, AI Supply-Demand Mismatch, and Silver’s Surge The author outlines a macro investment framework centered on three key themes: the end of globalization, accelerating resource nationalism, and the rise of AI-driven structural shifts. The portfolio returned 131%, largely due to significant long positions in gold and silver. Silver markets are experiencing extreme volatility and a potential supply squeeze, with prices influenced by COMEX contango, LBMA backwardation, and Asian export restrictions. Investment strategies include calendar spreads and butterfly options on silver. Other positions include shortening duration, adding crash protection via SPY, shorting student loan servicers, and going long on tin miners and Japanese banks. Key thematic drivers: - Globalization’s end: Resource nationalism rises; Monroe Doctrine 2.0 emerges; metal inflation continues while oil may face oversupply. - China’s challenges: Banking system fragility, hidden real estate losses, and rising religious dissent. - AI acceleration: Compute demand will vastly outstrip supply by 2035. Two phases: near-term oversupply (2025–2027) followed by demand explosion (2028–2030+) as agentic AI matures. - Domestic US issues: Government shutdown risks, student debt crises, and the societal impact of AI and GLP-1 drugs. Investment opportunities include copper, tin, photonics, nuclear energy, natural gas, and compute infrastructure. Markets face pressure from Japanese monetary normalization and private credit illiquidity. Core view: AI demand is real, energy and metal markets are shifting, and policy changes are accelerating. Short-term cash flow gaps may cause volatility, but long-term thematic bets remain valid.

marsbit01/09 08:48

2026 Investment Framework: The End of Globalization, AI Supply-Demand Mismatch, and the Silver Frenzy