Epstein Research (free investment articles)

  March has been a crazy month for investors in junior miners. Many,   (even high quality names),   are down 25% to 40% from 52-week highs due to meaningful precious metal declines. Silver is down -22%, and gold -13%. Silver down, but still @  $73/oz   vs.  $15-$25/oz   for years… Barrick  &   AngloGold Ashanti  are down  30-35% , silver producers like  First Majestic  &   Hecla Mining  are  -40-45% . I have no insights on where commodity prices are headed next week, but I believe precious metals will be meaningfully higher a year from now. Industrial demand for silver (“ Ag “) in solar panels, AI infrastructure, and EVs represent a decades-long demand surge that’s highly supply-inelastic. Every major clean energy & digital technology mega-trend requires Ag. Mines cannot respond quickly enough. Should readers buy the dip? I don’t know. However, if one is bullish on precious metals over the medium...

Near-month copper (“Cu“) futures hit a record ~ $14,525/tonne  ( US$6.58/lb .) in January but have fallen to  ~$5.50/lb . in large part due to the Middle East situation. However, I believe the long-term narrative for Cu demand is intact. And, sustainable supply to Western nations remains challenged.  Freeport’s   Grasberg  in Indonesia — the world’s 2nd largest Cu mine — declared force majeure after a major mudslide; its main pit (70% of output) won’t fully recover until next year. China’s top smelters agreed to cut production by > 10% in 2026.  Ivanhoe Mines’   Kamoa-Kakula  in the DRC lowered 2026 guidance by a third after flooding depleted its stockpiles.  Teck Resources’  Quebrada Blanca slashed 2026 guidance by 26%. By far the largest Cu producing country Chile has seen average mined Cu grades fall from ~1.1% in 2006 to ~0.6% today. The world’s easy Cu has been found, and much of it has been exploited. Readers are reminded that a...