Excellent roundup of the week's market action! The point about data centers driving 4% of national electricity use with projections to double by 2030 really underscores the investment opportunity in grid infrastructure and generation capacity. The copper juniors breakout makes perfect sense given the electrification demand - the NSCOPJ up 70% YTD is a stark illustration of how supply constraints are driving valuations. Your mention of Newmont's strong Q3 performance is particularly timely given the volatility we saw in gold prices. The NEM story is interesting because they're managing to deliver operationl excellence even as spot gold has been whipsawing. The Tesla earnings analysis captures the strategic tension well - maximizing current vehicle deliveries with heavy discounts versus investing in longer-term bets like Optimus and robotaxis. That automotive margin compression from 17.1% to 15.4% is significant, but their Energy business growth helps offset it.
Excellent roundup of the week's market action! The point about data centers driving 4% of national electricity use with projections to double by 2030 really underscores the investment opportunity in grid infrastructure and generation capacity. The copper juniors breakout makes perfect sense given the electrification demand - the NSCOPJ up 70% YTD is a stark illustration of how supply constraints are driving valuations. Your mention of Newmont's strong Q3 performance is particularly timely given the volatility we saw in gold prices. The NEM story is interesting because they're managing to deliver operationl excellence even as spot gold has been whipsawing. The Tesla earnings analysis captures the strategic tension well - maximizing current vehicle deliveries with heavy discounts versus investing in longer-term bets like Optimus and robotaxis. That automotive margin compression from 17.1% to 15.4% is significant, but their Energy business growth helps offset it.