Shae Russell

Discovered copper is at an all-time low, decade over decade, both for: - total volume, currently at 8.8mt - number of discoveries, at 6 Time for copper. $MUX $FOM $ATX

Precious metals on the hot/crazy scale according to Sean Russo @noahsrule & @LocantroTony at @GoldEventsAU Date #silver Marry #gold Have a one night stand with #crypto

Oil prices still anticipate short war or early re-opening of the Strait Oil traders are still betting war between the United States and Iran will end relatively quickly - or that the United States will soon be in a position to enforce a re-opening of the Strait of Hormuz. Front-month Brent futures have risen by more than two-thirds since the start of the year but are only a little above the long-term average after adjusting for inflation. The front-month contract closed above $100 on March 12, the highest since the war started, but the rate of increase has slowed, suggesting optimism about a quick resumption of oil exports from the Gulf. Futures for later in the year have risen much less and the steep backwardation is consistent with a short conflict and quick return of production and exports ...

I wonder if people are aware that the OPEC oil embargo of 1973 lasted six months. Yet the inflationary effects of that six month embargo were felt for the rest of the decade.

Commodity Futures Positioning: Gold, Silver, Crude Oil | COT stonex.com/en/market-inte…

@dailydirtnap Having worked with a dealer - very few people factor in selling, so don't bother to learn how price & supply impact the buyback price. Let's say the nuclear holocaust finds us...we're bartering for food, shelter & energy sources. Physical metal isn't as useful as ppl hope.

In 2010, I bought a large quantity of physical sliver at $16 an ounce with a $2 premium. A few weeks ago, I called a dealer to sell the silver when it was trading $120/ounce, and he bid me $100/ounce. $2 premium on the way in, $20 discount on the way out. Can someone explain the point of owning physical metals? Aside from a nuclear holocaust?

US CPI MISS: US Inflation cools to 2.4% YoY (vs 2.5% exp), defying fears of re-acceleration after this week's hot jobs report. The Breakdown: •Headline: 2.4% (Lowest since May) •Core: 2.5% (Slowest since Mar '21) Driver: Core Services (yellow bars) remains the sticky factor. 📉 Reaction: Yields falling, 50% chance of a 3rd Fed rate cut now priced in. The soft landing narrative gains some traction.

@opheteinde Ha, yeah I needed a break from socials. I'm back baby!

@shaearussell I haven't seen your messages for a long time!

Because there is a #silver shortage, it's largely a case of wrong size & wrong location.

@john_macgowan @clairlemon @matthewschmitz 'Collective degeneracy' 👏

A lot of it is really good, but the problem with this and every other article on Epstein is they're written by people with no experience of that level of business. So it ends up as a binary question "was he or wasn't he operating a blackmail ring" - which the answer is very clearly, he wasn't. But he was doing something else that is very difficult to explain to people who have never been around it. If you're a guy like Epstein dealing with, a legacy tech billionaire worth billions in shares of his company or the guy pulling the strings on a Royal family's bank account, how do you secure an investment? These guys are asset rich, cash poor. They have to believe with absolute certainty that you'll do right by them. And you have to believe if the deal is good, they won't fuck you out of it by going to a better, more liquid and reputable banker to broker the deal you told them about. The European banking families solved this problem centuries ago - they just marry each other. But for everyone else - you become best friends. And nothing makes friends faster than collective degeneracy. Just knock on the door of any Meriton suite in Sydney this Friday night and you're guaranteed to find half a dozen property developers, their consultants and importantly, their banker - with twice as many sex workers and a cricket ball sized lozenge of cocaine. For the bleeding edge of money making, this is just how things are done. LinkedIn guys don't talk about this, they call it "networking", but it's really just getting fucked up, making people your friends, and having mutually assured destruction if those bonds of loyalty are ever broken. It's not "blackmail", but it's not separate from business either. Epstein took it to a criminal but logical extreme. And that's the conversation worth having, which is how prevalent is this level of conduct really.

This is really good from @matthewschmitz firstthings.com/the-epstein-my…

Seasonal performances of Precious Metals + Copper into Chinese New Year (10day leadup) and afterward (10day & 30day follow-through), 2007-2025: - Mild lift heading into CNY especially amongst the more industrial metals (Cu, PGMs) - Contrary to belief, sustained price support/performance in metals after CNY in both the 10day and 30day follow-through - Most notable performance trend is Silvers on average +5% gain in 30days following CNY; data is somewhat skewed by 2011s performance (+27%) but even excluding that, Silvers still up 3.8% on average. --> Can't be short PMs if China is increasingly setting global prices into their most important national holiday!

Not every take makes the final cut. To wrap up 2025, here’s a blooper reel from a year of interviews – featuring @shaearussell, Danielle @Doporto, Marble the dog, and a special thanks to Connor for making sense of it all. ap1.hubs.ly/y0tyyx0 #mining #miningnews #bloopers

@dodgierogie68 @miningcomau Ooohhhgg nice set up. Where are you?

@shaearussell @miningcomau Not bad not bad :) not bad here either

Not a terrible location @miningcomau #noosaminingconference

@JayLagan @miningcomau Hahaha and I have new, extra blinding ones! Been insanely busy behind the scenes. More videos from me soon 😄

@shaearussell @miningcomau Where have you been? I’ve been missing your mining minutes and tops that that medically blinded me!

@amdweb82 @cmkusher I ran out of room to start my labour rant 😄

@shaearussell @cmkusher As a youngish farmer, the weather will be a blip. Avg farmer in Oz is in their 60's. Rich in assets (land), low on income. How many kids you see hearing they want to farm? Who can afford the land? The old school is dying out real soon & not enough will take the reigns

Hear me out, what if inflation stays elevated and that higher unemployment number isn't just an errant result and it starts to rise from here?

@cmkusher Agreed. A much, much longer (& perhaps useless) forecast for inflation is the impact of changing weather systems on food prices & alternative farming methods. Energy inflation may ease only to be replaced by agriculture price pressures. No escape frm inflation this decade?

@shaearussell The transition to less reliable and more expensive forms of energy generation sure aren't going to help either. I don't think the government can just keep rebating their way out of higher energy costs either.

@MarkoMatvikov To be fair, it's a super loaded pro American statement that makes it sounds like Trump won something and the Aus government absolutely owes us clarity on this. But, is it more about smoothing the pathway for super funds to access alternative/off exchange investments in the US?

Albo needs to clearly explain what’s going on here. Whatever good will he earned with the US rare earths deal has evaporated. Is superannuation our money or not?