They’re just going to destroy every Western fiat ledger. Anything stored on any fiat ledger, from currencies to stocks to bonds, will be first exorbitantly taxed and eventually simply seized. Or simply inflated to zero. That is the logic of the sovereign debt crisis.
— Balaji (@balajis) January 11, 2026
I love the smell of all-time gold & silver futures highs in the morning…
Don’t you? pic.twitter.com/kidakHshAg
— Adam Taggart (@adamtaggart) January 12, 2026
We are currently witnessing a strong move in industrial metals, with copper showing signs of accelerating bullish momentum. This strength is also reflected across the broader Basic Materials sector, which tends to be highly sensitive to trends in global manufacturing, infrastructure spending, and commodity prices.
Last week, the weekly ratio of XLB/SPY closed up 3%, signaling notable relative strength in Basic Materials versus the broader equity market.
Historically, this type of move has been meaningful.
When the XLB/SPY weekly ratio closes at +3% or higher while still trading below its 50-week moving average, forward returns for XLB have been favorable. In past occurrences, XLB delivered an average one-year return of approximately 14%, with positive performance about 80% of the time, suggesting this setup has historically marked the early stages of sector leadership.
We are currently witnessing a strong move in industrial metals, with copper showing signs of accelerating bullish momentum. This strength is also reflected across the broader Basic Materials sector, which tends to be highly sensitive to trends in global manufacturing,… pic.twitter.com/4UHEZs9emn
— Guilherme Tavares (@i3_invest) January 12, 2026
h/t TonyLiberty