Odds and Ends: January 2026

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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You see that we do not clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that could help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan hound." It is general and family reading. Kids 9 to 15 will love the action adventure as well as pet lovers and history buffs. The sweeping saga begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you.  

Just One Month

Yes. That is how long it took for our precious metals outlook to reach its target as well as the three miners that we recommended. Yay! Hey, if you made some dough, please spend $12 to buy the founders book. Thank you. With that said, we have an ALERT!

Goldman Sachs & JP Morgan have announced that they see the rally in gold hitting $5400. They also are recommending to their investors to buy the precious metals. There is a reason for the backers of fiat to change face. Why, you ask? They are taking big losses because they are the chief short sellers. They know that TD Bank just covered its silver short, but only after losing $600,000. We believe that an attack will happen. We figure after they see their clients buying and the rally continuing, at some point, they will advise their clients to sell and even short. At the same time, they will sell and short. They are covering their behind with their clients. This is the type of people that they are. Nevertheless, market forces are behind the rally. The dollar broke a long time channel line last Friday. It fell below 98 and it is pointing to 96. News: It fell below 96 on Tuesday. The rate cuts is not the only reason. Our national deficit hit 100% of GDP last week. This is a line in the sand. If debt keeps rising at the current pace, a financial crisis will definitely come and that would crush the dollar.

In a related aspect, Bank of America even forecast gold hitting $6,000 by spring. One strong aspect is what Goldman noticed. They see new buyers of gold like the stablecoin firm, Tether. They are the largest gold backed coin. They purchased 27 tons of gold in the fourth quarter and 26 tons of gold in the third quarter. In fact, they are among the top 30 holders of the metal. They have more gold than Greece, Qatar and Australia. This puts a new floor in gold at $4200 and soon, $5,000. We also see silver pushing $125. This will only raise the price of the three miners that we suggested. One last data on silver. Did you know that solar uses 200 million ounces of silver annually? Industrial demand for the metal in 2024 was 680 million ounces. Miners have not increased production in the last 25 years. Recycle has covered the shortfall, but that supply is shrinking. In addition, China, the second largest exporter has restricted exports. Higher prices are coming. 

Trade Deficit

It was only $29.4 billlion last month. It was the smallest since 2009. We like the decline, but we take little joy in the math. The deficit equates to over $350 billion yearly. The real positive is a target. We need to cut $30 billion a month and then, we reach nuetral. Sadly, we read that almost 1,000 US firms are filing lawsuits against the tariffs. As usual, they put profits ahead of the best interests for America, its citizens and workers. 

Bank of Ireland

released a report that has some worries in it. They see two aspects that put certain banks at risk. The first is transition risk. These are loans tied to buildings and construction being built in extreme weather locations. These banks have not worked to reduce their carbon footprint in policy. The second risk is the physical risk in liquidity. Because they have so much debt in this area, their book value will not match the assets after say a flood or other climate disaster. In a related aspect...

Davos

did not talk about climate change at their forum. Why, you ask? President Trump asked this as a favor to attend. 

Batteries & Electricity

Brazil is holding its first auction to use batteries as a backup to the electrical grid. China is the front runner. Why, you ask? Because they have invested $35 billion already in Brazil in their grid. However, the battle is not over. Tesla and a Brazilian firm, Petrolas are bidding too. We will know the answer in March. In the US, President Trump is pushing Northeast and Mid-West utilities to build new power plants with auctions. He wants the builders of data centers to back the auction.

Fed

has its meeting end today. The concensus is no rate change. Trump will not be happy. In the future world of the Fed, President Trump will appoint his chosen and this person will first appear in the June meeting. 

Speaking of June

There will be a FIFA World Cup game in Seattle there that month. The city is adding 116 rail miles. The transit lines are to help the crowds. What is so special about that, you ask? Well, Seattle has many waterways and a lake that makes travel a little slow. They have designed a water bridge to cut time and move people. I'd like to see it and ride over the water. A nice way to go to a game... Peace. 

Add to the Stew

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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You see that we do not clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that could help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan Hound." It is general and family reading. Kids 9 to 15 will love the action adventure as well as pet lovers and history buffs. The sweeping saga begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make for each other. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you. 

Market Recipe

The Bulls love cheap money. It is the spoon that stirs the stew. They want their ingredients known. This is to say, no volatility. Finally, the meat of government spending and regulations that support their investments.

President Trump has conducted his time to make them happy while he tries to balance government spending to keep the deficits manageable. We stated we believe in tariffs, but in an intelligent way. You put extremely high tariffs on selected sectors; not a one size fits all. Our deficits took years. They cannot be corrected overnight. If our political parties were more for us, they would work together no matter who is in office. They aren't. The long view is how to address tariffs and our deficit. 

One Ingredient

Anyway, the news by the president with chips and trade with Taiwan is encouraging. Their leading chip firm, Taiwan Semiconductor (TSM) is amazing when you realize that their new chip is 1/1000 the size of a human hair. How does anyone make something so small and yet, so powerful. Is this the real reason why China wants to control the island? The costs are very high. They make a ton of money. However, they put a lot of it back into research and their product. They estimate that they will spend between $52 and $56 billion this year. That is a billion with a capital "B." It is no wonder that competition in this field is so difficult. The costs are through the roof. 

Another Spice

President Trump is calling for banks to lower their credit card interest rates, especially on late fees. The 10% cap is more than enough profit, but these greedy, greasy cooks always want more. Immediately, they claim that they help poor people and they cannot afford to offer them credit with a 10% cap rate. LIARS! The banking industry made $762 billion in profits from credit cards. They just want their profits. Meanwhile, the president also wants lower mortgage rates. He knows if the interest rate fell to 5%, there will be a lot of homes sold. We don't care if people will say this is for his ego claims about the best economy. Home ownership makes for better communities and standard of living.

Recipe Book

Some cooks refer to cook books. We are disturbed about one survey revealed last week about our stew. The report stated that 60% of corporations are preparing to lay off workers in 2026. The reason is the cook book recommends AI to finish the meal. Automation is taking the cook's job. Blackrock isn't waiting. They announced 1% or 1,000 pink slips. Large US banks continue to close branch banking locations. Chase is closing 66. TD is shutting down 51.  Wells Fargo is laying off 5,000. More to come?

Bottom line: We close our cook book and let the stew simmer. We do not see any trouble until mid-February. Peace.

Other Worries

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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You see that we do not clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that could help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan Hound." It is general and family reading. Kids 9 to 15 will love the action adventure as well as pet lovers and history buffs. The sweeping saga begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make for each other. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you. 

Present Market

Bank earnings this week to begin the quarterly reports. We expect no "cockroaches." They will probably push the indexes to new record highs. The Santa Rally was neutralized, but the first five trading days was bullish for the January Barometer. With that said, we see other worries because there are other "bugs" beside roaches. 

James Grant...

...a trusted, long-time analyst with a news letter (Grant's Interest Rate Observor) sees a crisis brewing. It is not in banking, but a connected sector, Life Insurance. He says that since we have been in a yield chasing market, insurers have entered into the Private Credit and Private Equity sectors to the tune of $1.7 trillion. This includes "junk" rated issues. He points out that the Repo Rates which have spiked due to recent events to which the $700 million dollar man, Jamie Dimon calls cockroaches. Many of these investments lack true price and evaluation discovery. He relates our current positive economy to the aspect that we grow our financial deficits at 7% on a yearly basis. We go into debt at 7% to gain a 2% growth rate? Idiots! He adds that Fed rate cuts only make the big picture more difficult. He sees the parabolic spending in AI could end up like a Tower of Babel (He used the Pyramids of Egypt). Finally, he says insurers are capitalized for future returns and do not take into account future adversity. Their investments are not risk free and one problem (bug) could cause contagion. This is similar to banks buying each other's issues. They are good until they are not.

Big Money is...

...seeing a risk with the gap between short and long term interest rates. This gets extra juice because of the constant inverted yields. In addition, regional data says that 32 states are in or approaching a recession. Remember we informed you of the report by Mark Zandi, the chief economists at Moody's Analytrics that 22 states are already in a recession, a few months back. The numbers are getting worse. These points maybe the shortage in words, but it is the most dangerous in consequences.

Then, There is Social Security

It has not been addressed for 43 years. At that time, social security was last changed and for the worst. The Republicans lowered the tax on income for social security. This gave the fund less revenue. It was "termed" a benefit for workers. What it did was give lower income workers more take home pay, but those same workers as well as the rest of us, now need a secure retirement from the social security agency. To put that into perspective, this is 69 million and an additional 7 plus million getting SSI. The fund could become insolvent by 2033?

The fund is hurting for revenue. It takes 60 votes in the Senate to make a change. The problem, as we at Evolution see, is this. The Democrats will ask for "concessions" for their vote. They want the subsidies for the ACA. We stated years ago that President Obama let his ego sign that poor bill. We were for First Payer or nothing. Did you know that the bill forces you to get medical insurance? If you don't, you are in violation of the law. No one says what the penalty will be. The ego Democrats keep this a secret and that is why they push for the subsidies. 

Bottom Line: These worries point to the lack of real leadership by our two governing political paties. Both of our two political parties are corrupt. They answer only to lobbyists and connected people. We are for a new political party. We call it the "Liberty Party." It only has this on its platform: Protect the American worker and family. Cut military spending, especially foreign bases which are in over 100 locations. Use that money to make our nation better with our neigborhoods, schools and infrastructure. Return our economy so it has social mobility with our workers getting a liveable wage. Peace.  

2cd Opinion: Outlook 2026

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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You see that we do not clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that could help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan Hound." It is general and family reading. Kids 9 to 15 will love the action adventure as well as pet lovers and history buffs. The sweeping saga begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make for each other. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you. 

Concensus Outlook 2026

Yahoo Finance ran an article where they cited every Wall St. analyst. They all see an up-market in 2026. We expressed our worries, but the charts agree with Wall St. Since that publication, the geo-political landscape took a dramatic change with the US taking the president of Venezuela, Nicolas Madero prisoner. 

One would think that news of this magnitude will shake-up the market. It won't. However, the ramifications could change the decade, depending on how one looks at the timeline. 

Russia attacking Ukraine in 2022 put all Western nations on notice. Israel's verbal conflicts with anti-Israel parties ended in open conflict in Gaza in 2023. China announces that Taiwan is her territory. They begin military maneuvers in 2024 around the island and continue today. This is too many geo-political conflicts. Any one of them could lead into another world war. Consider: Russia continues its fight to conquer Ukraine. Guerrilla warfare could develop in the Middle East. China attacks Taiwan? 

Even if none of those dreaded outcomes come into play, the termoil in Venezuela will be an ongoing affair. First, the trial of Madero or maybe he is assassinated? That is not the dangerous part. Within the nation, the drug cartels have money, weapons and power. Civil war is not out of the question? This could spill over into the neighboring nations. South America could become like the Middle East. This is not good for the world or for peace. Making money from the market will mean nothing if we live in fear of retaliation, terrorists and constant war. This is a very dangerous moment for everyone.

Meanwhile

We know from history that the trouble with Venezuela and the other conflicts in the world do not effect Wall St. When President Kennedy was assassinated, nothing changed. Nothing will change again because of the Madero situation. With that said, consider this fact about the S&P 500. In 2023, it rose 24%. In 2024, it continued another 23%. In 2025, it climbed another 16%. Nothing goes straight up. We stated that although we agree with the positive market outlook, we tempered our opinion to mid-February. 

Originally, we were going to provide an in depth outlook from two big Wall St. firms, Morgan Stanley and Charles Schwab. The concensus of the two is this: Small caps will benefit from the Federal Reserve rate cuts. Money will continue to flow into AI. The only worry is possible job losses. China will continue to lead the world in innovations. They have more patents than the US. No one fears defaults. We see this as a red flag. Bifurcation will continue with the K-style economy. We stated in previous pieces that Wall Street no longer represents the US economy. Our nation continues to shrink the middle-class with little social mobility. We are becoming a two-tier class system (wealthy and poor). Not good. We pray that our negative fears will not happen and world governments take a time-out. They step back and let things cool down. Maybe the meme of John Lennon resurfaces, "All we are saying, is give peace a chance..."  ...Peace.

Odds and Ends: December 2025

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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You see that we do not clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that could help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan Hound." It is general and family reading. Kids 9 to 15 will love the action adventure as well as pet lovers and history buffs. The sweeping saga begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make for each other. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you.

Snake, Year of Conflicts...

...as it slithered along the ground as it always does, what did you expect for 2025? The Chinese zodiac sign is considered favorable in the East, but no where else. We saw and heard the verdict on Jimmy Lai. What did you expect? If he was freed, the judges would be convicted. Then, the snakes would slither and sneak new charges against the pro-democracy activists.

How about the economy?

The Trump administration claims any economic problems on Biden, while at the same time shout about how great things are in the economy. The only truth that we see is in the price of oil and gasoline. However, maybe the price decline is due to less demand and the switch to EVs? Eggs are still around $3 per dozen, if not more? Coffee is so expensive, we can understand what you will read in another couple of sentences. Home ownership is still unaffordable with rising costs for insurance and local taxes. We cannot avoid the constant announcements of firms either going into bankruptcy or closing stores and cutting help. If things are so great why the following? Starbucks is not boiling water in 568 locations. McKinsey consulting made a decision for itself. It is cutting help. Hewlett Packard laid off 4,000 highly paying jobs. Algama Steel is laying off 1,000. Even the VA is dropping healthcare jobs. The number is very high, 35,000. One would think that the VA would have a difficult time finding professionals, let alone cutting the people that they already employed? 

Federal Reserve

The banking snakes quietly reintroduced QE. If the economy is so great why did the Fed sneak  a spending of $40 billion per month to buy short term notes?  This increases our debt, adds to inflation and manipulates interest rates. Peter Schiff calls it, "Stealth QE" like we said that ordinary citizens were experiencing a "Stealth Recession." We also said, "End the Fed!" We stand by that.

9 Million

That is the current number of student loans that are delinquent.

Rotation or Trend?

That is the question concerning La Nina. The weather phenomenon is no longer a rotating occurrence. This climate charging pattern is upto number 5 in the last six years. We feel that the moving magnetic North Pole and the speed-up of the earth's rotation is a root cause to climate change. 

Robot Job Fears?

Not all robots succeed. I-Robot, the maker of the Romba self-cleaning vacuum just went into bankruptcy.

Good and Bad in All

Not all snakes are bad. Even the poisonious ones. Their venom has been used for good. We feel the same about solar energy. A shout out to Australia. They had so many citizens install solar roofs that each household that had one received a dividend of three free hours of electricity. It may not sound like an earth-changing event, but it is an excellent start. Can you remember your utility company giving you free energy?

Meanwhile...

The snake continues to sneak along the ground. If it appears before us, we will strike at its head. We play the percentages. We admit that sometimes we are wrong, but we learned the wisdom of our Southern brothers, "The only good snake is a dead snake." We can talk about other aspects like the high P/E ratio in the S&P 500 or the Benner Cycle, but we have hope. Maybe the Yankees will win in 2026? Maybe the 49ners and the Irish too? This leads to...

The Year of the Horse - Fire Metal in 2026

According to the Chinese zodiac the new year kicks in on February 17th and the rest of us have utilized the 1st of January. No big deal. One thing that I feel that we can all agree upon is horses are loved everywhere. This gives hope to all. The horse is the seventh animal in the 12-year cycle of the Chinese zodiac signs. We like the number associated with it. It is number 7 and that number is lucky in the West. The horse is an earth sign and we, at Evolution see this as another positive. Before we go any further, we have to take into our thinking, our beliefs. As Christians, the Lord does not like it when we look to false idols or beliefs. We cannot put faith into constructed theories, but we do believe that our Lord gave us different talents. If per chance these gifts appear in individuals born at certain times, then, maybe, there is some merit revealed by the zodiac. So, back to the horse. It is energentic and responsible. It is a free spirit that needs space much like an Afghan hound. The Chinese sign says the year will reflect confidence, agreeable and responsible attributes. All good. Getting deeper into the zodiac charting, the Chinese break down time cycles with five elements: metal, water, fire, wood and earth. Since 2026 falls under fire, it says that there will be passion and transformation. This will be displayed during summer. Let's hope the energy transforms for the best. Peace and Happy New Year!

Oil's Outlook

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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You see that we do not clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that could help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan Hound." It is general and family reading. Kids 9 to 15 will love the action adventure as well as pet lovers and history buffs. The sweeping saga begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make for each other. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you.

Oil: 2026

The most important commodity has been in a downtrend since it rose to over $78 last June. At that time, oil was testing its last high of $80 back in January of this year. It failed. It has been in a continuous downtrend. The real danger in its price is if it falls to $50 a barrel. 

Yes, we know that the market prices the commodity in sweet crude (US) and sour (BRENT), but they follow the same pattern. Sweet is the better oil, but less abundant. We use the US crude in our analysis. 

When oil broke resistance at $50 in 2020, it fell all the way to $35. There is a real danger that oil tests $50. Any breach of that level puts the test of $35 back in play. Keep in mind, that two years later, oil rose to touch $125. Needless to say, the history of oil is volatility. You can see this clearly in reviewing the boom and busts of the US economic cycles. 

With this warning, we feel that oil is too valuable with many demands. Third world nations are getting more electricity and they will need oil and gas to produce it. Data centers and their investors make even make their own small energy plants to provide the demands of AI. President Trump has made it his mantra, "Drill, Baby. Drill!" Utilities will need to find funding to add to their grid infrastructure. This may depress their stock price, but if you buy at lows the demand will reward their stock price. This is a good bet, but seek firms that bury their power lines underground. PG&E is in big trouble with lawsuits from wildfires due to their power lines. EVs have put a damper on demand, but the global community is cutting back on climate measures and there is trade conflict with China dumping EV vehicles. The EV revolution will slow. This only helps combustion and oil. 

As you also know we hesitate to offer stock picks, because if we are wrong, we cannot sleep at night. With that said, we venture into three smaller firms with strong fundamentals, good balance sheets and well run companies.

The first is Ovintiv (OVV). It pays a dividend. It just signed a 12-year deal to supply product to a pipeline firm that has access to the new LNG plant that will open in Vancouver in 2028. It has all permits passed. Demand will come from Japan and Asia. The company makes money even with low oil prices. A good entry point would be around $23. Be patient!

The next is Devon (DVN). It also pays a dividend. This company is well run and possibly a merger target. A good entry point if oil continues to slide is $21.

The last firm is in oil services. Borr Drilling (BORR) also pays a dividend. The company expects to lose money all the way into the third quarter of 2026. This allows you to buy at lows. We feel $2.00 is excellent. The company has upgraded its vessel/platforms (12 new) with high demand. We like all three firms. Peace and Merry Christmas!

Golden Cycle

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Dear Reader, as you know from our pieces, at times we refer to our unpublished book that we feel will help America, and possibly the world. You see that we do clutter our page with ads. Money is a means and not a goal. We seek to make life better. With that said, our founder, John Lipareli has his first book published - to make a name for himself that coud help get his political and economic work a reality. You can buy at Amazon Books. It is called, "The Legend of the Afghan Hound." It is general and family reading. Kids 9 to 15 will love the action adventure as well as pet lovers and history buffs. The sweeping saga begins in ancient Egypt in a time of anxiety and war and ends in Bethlehem with hope and love. Adults will be attracted by the theme of "love in action." By that I mean the sacrifices that we make for each other. It is a Christmas classic and makes an excellent gift. Please, support his work. Thank you.

Gold in 2025...

...outperformed the Magnificent 7 and the S&P 500. Who knew? Certainly not Walmart, although Costco sold a lot of gold and silver bars. We rarely mention individual stocks because as we have stated in the past, if we are wrong, we cannot sleep at night. For the firms that we did mention, we were right many more times than we were wrong. If you purchased Alamos Gold (AGI), Barrick Mining (B) or Wheaton Precious Metals, you are doing well. This is another reason why we ask you to spend $12 bucks and buy the "Legend." With that said, we look into the precious metals for 2026.

Gold and Cycles

For new readers, we will repeat how we look at the market. We follow charting, economic cycles and lastly, fundamentals. The chart on gold has exceeded our price projections under Fibonacci. We called for $4100. The volume is strong as the metal made a new all-time high. We read that central banks around the world are buying even at highs. The World Gold Council says that trend should continue. They add that India (2cd largest buyer) is now allowing pension funds to buy up to 5% of gold and silver ETFs. Under cycles, gold has a 12-year range. This cycle trend dates back to 1982. The last negative cycle ended in 2024 and the new, bullish cycle began last year. We have all tailwinds. You can safely buy the dip. We project $5,000 gold in 2026. At that time, we will recheck the charts and volume. The present rally should continue onto the end of January with a pullback and consolation period before we hit our target price. Watch the price action on King $Dollar. It is currently testing support at .98. Any drop only pushes the precious metals higher.

Silver

It has actually outperformed gold. It has made new records almost every month since October. One fundamental reason is the continuous shortfall in the actual metal. Demand exceeds supply. Solar and wind energy keep demand high. Miners cannot keep up with demand. New mines can take 10 years to add to supply. This will cause mergers in the sector.

Then, there was a squeeze on the London Exchange. These type of financial machinations have been used in the past to keep the price low. They can backfire and thus, we see spikes in both metals as well as all commodities.

We suggest that you purchase "junk" silver. This is old coins that contain silver. They will rise in value as silver rises. We see silver testing $84. If it still has volume, then we say take your profits at $100. The only change to this aspect is a global currency crisis. Then, don't sell either precious metal as the world will reevaluate based on global debt and we all will be rich. Yay! That will be a sad day for the already rich as we can sit next to them in restaurants, hotels and concerts. 

Copper

We now include the red metal because the demand will exceed supply. The recent price set a new all-time record in July and we see more of the same. We see $6.50 in 2026 as copper stocks will rise. The present price of copper stocks are too high. A cheaper stock with solid fundamentals is Taseko (TGB). If there is a pullback, $3.50 is a good entry point. We also see mergers in this sector. Data centers will be one of the strong pushes in the metals price. Next week, we will look at oil, the most important commodity. Peace.