Santa Swapped His Reindeer for Commodity Bulls

Wall Street’s Santa Claus rally may be missing in action, but junior miners are delivering a December surge that puts the broader market to shame.

Gold has blasted through $4,200, silver is pushing $58, and critical minerals like antimony and tungsten are ripping thanks to real supply deficits and tightening Chinese export controls. While the S&P drifts sideways, small-cap explorers are posting year-making returns.

Onyx Gold, Dryden Gold, Newcore Gold, Vizsla Silver, Sun Silver, United States Antimony, Military Metals, NevGold, Almonty Industries, Tungsten Mining, Lithium Americas, Standard Lithium, and MP Materials, all proving that December’s real magic is happening in the rocks, not the indices.

Government funding, record metal prices, and tier-one drill results…

Santa didn’t bring the rally. The juniors did.

Silver Just Entered Its Main Character Era

Silver has broken through its all-time high, climbing past $58 an ounce and surpassing the 1980 peak set during the Hunt brothers’ infamous squeeze, but this time, the story couldn’t be more different.

According to The Silver Institute, global demand is being reshaped by record industrial consumption from solar PV, electric vehicles, 5G networks, and AI data-center builds. Meanwhile, mine supply remains stagnant after a decade of flat production.

With Federal Reserve rate-cut expectations pressuring the U.S. dollar, monetary demand has surged alongside gold, which is hovering near $4,270.

The result is a perfect storm: structural deficits, industrial strain, and monetary tailwinds driving silver into a new era.

Forty-five years later, silver isn’t reliving history, it’s surpassing it.

The US Rush to Secure AI’s Raw Materials Enters Overdrive

The White House is moving fast, and this time, the AI race isn’t about algorithms. It’s about minerals, manufacturing, and the supply chains that determine who controls the foundations of modern computing.

On December 12, the US meets with Japan, South Korea, Singapore, the Netherlands, the UK, Israel, the UAE, and Australia to lock in new agreements across critical minerals, semiconductors, clean energy, and AI infrastructure.

Jacob Helberg, the State Department’s undersecretary for economic affairs, calls it what it is: a two-horse race between the US and China. And the US wants to win it by reducing the “coercive dependencies” Beijing has built over rare earths, batteries, and chip manufacturing.

This is the clearest sign yet that AI supremacy will be built on supply chains, not only software.

Gold Surpasses U.S. Treasuries in Central Bank Reserves for First Time Since 1996

For the first time since 1996, central banks now hold more gold than U.S. Treasuries in their official reserves, a shift that speaks volumes about confidence, risk, and the future of global finance.

With institutions from Poland to Azerbaijan adding tonnes of bullion and major producers like Newmont, Barrick, and Agnico Eagle ramping up exploration budgets, we’re witnessing a generational reallocation into hard assets.

This isn’t speculation. It’s strategy. When the most risk-averse institutions in the world quietly move into gold, the rest of the market tends to follow.

Gold is no longer the “barbarian relic.” It’s the benchmark the world is returning to.

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