1 00:00:00,200 --> 00:00:03,640 Speaker 1: Throughout history, the introduction of new technologies has had a 2 00:00:03,840 --> 00:00:07,360 Speaker 1: massive impact on our economy because it displaces jobs, it 3 00:00:07,400 --> 00:00:11,440 Speaker 1: creates new jobs, or significantly alters the ones that already exist. 4 00:00:11,680 --> 00:00:14,520 Speaker 1: But the difference this time around there's a lot more 5 00:00:14,560 --> 00:00:18,480 Speaker 1: at stake, from energy transitions to solar electric vehicles and 6 00:00:18,520 --> 00:00:22,560 Speaker 1: now the explosion of AI. Technological changes are happening at 7 00:00:22,640 --> 00:00:26,840 Speaker 1: lightning speed. And as you know, with every revolution comes opportunity. Now, 8 00:00:26,840 --> 00:00:29,479 Speaker 1: in the early stages, it's hard to know who the 9 00:00:29,480 --> 00:00:31,800 Speaker 1: winners will be. But what if there was a way 10 00:00:31,880 --> 00:00:34,760 Speaker 1: that we could profit from this trend regardless of which 11 00:00:34,800 --> 00:00:37,760 Speaker 1: companies win this new tech race. So in this video, 12 00:00:37,800 --> 00:00:40,040 Speaker 1: I'm going to break down how the tech race is 13 00:00:40,159 --> 00:00:43,440 Speaker 1: changing the world, the opportunities for us to join the race, 14 00:00:43,840 --> 00:00:47,040 Speaker 1: and how to safely position our investments in a win 15 00:00:47,120 --> 00:00:49,239 Speaker 1: win scenario. Now, for those of you who don't know 16 00:00:49,280 --> 00:00:51,159 Speaker 1: who I am, my name is Mark Moss. I've been 17 00:00:51,200 --> 00:00:53,400 Speaker 1: in the tech space for over two decades now. I 18 00:00:53,479 --> 00:00:56,960 Speaker 1: launched my first internet business in nineteen ninety nine, before 19 00:00:57,000 --> 00:00:59,680 Speaker 1: the dot com revolution. Now since then, I've been involved 20 00:00:59,680 --> 00:01:01,680 Speaker 1: in tech. I've had a fortune five hundred exit from 21 00:01:01,680 --> 00:01:03,640 Speaker 1: tech companies. I've also been speaking at some of the 22 00:01:03,640 --> 00:01:07,080 Speaker 1: biggest tech conferences in the world talking about a fifty 23 00:01:07,160 --> 00:01:10,759 Speaker 1: year technological revolution cycle and how it changes the world. 24 00:01:11,000 --> 00:01:15,360 Speaker 1: So let's dig in. All right, So technological revolutions, what 25 00:01:15,400 --> 00:01:16,880 Speaker 1: the heck is it? Now? If you've been watching me 26 00:01:17,000 --> 00:01:19,119 Speaker 1: for any period of time or seeing me speaking on stages, 27 00:01:19,120 --> 00:01:20,920 Speaker 1: of course you've already heard me talking about it. So 28 00:01:20,959 --> 00:01:23,399 Speaker 1: I'm going to give you a real quick rundown. Now, 29 00:01:23,440 --> 00:01:25,000 Speaker 1: this is a chart that I've put together that I 30 00:01:25,080 --> 00:01:28,039 Speaker 1: use often, and what we know is that about every 31 00:01:28,200 --> 00:01:30,760 Speaker 1: fifty years there is a technological revolution. You might have 32 00:01:30,840 --> 00:01:32,840 Speaker 1: heard of it called a kwave or conjoint and wave. 33 00:01:32,840 --> 00:01:34,720 Speaker 1: It's a forty to sixty year cycle. I call it 34 00:01:34,720 --> 00:01:36,800 Speaker 1: a fifty year cycle. And so you can see about 35 00:01:36,880 --> 00:01:39,640 Speaker 1: every fifty years we have a revolution. So we had 36 00:01:39,640 --> 00:01:43,120 Speaker 1: the industrial revolution. We had steam engines and railways, we 37 00:01:43,160 --> 00:01:47,720 Speaker 1: had steel, heavy equipment, electricity, we had oil, automobiles, mass production. 38 00:01:47,920 --> 00:01:51,640 Speaker 1: Nineteen seventy one, we had microchips, brought telecom internet, personal computers, 39 00:01:51,880 --> 00:01:56,040 Speaker 1: and now here we are right here starting another technological 40 00:01:56,080 --> 00:01:58,520 Speaker 1: revolution for the next fifty years. Now. The one thing, well, 41 00:01:58,560 --> 00:02:01,440 Speaker 1: there's lots of things that are different about technological revolutions, 42 00:02:01,480 --> 00:02:04,720 Speaker 1: not technologies, but revolutions. Mainly, the point that I want 43 00:02:04,720 --> 00:02:08,360 Speaker 1: to hit on for this is that they drive financial markets. 44 00:02:08,480 --> 00:02:13,160 Speaker 1: So what drove the financial markets for the last fifty years, telecom, Internet, 45 00:02:13,480 --> 00:02:16,840 Speaker 1: personal computers, Jeff Bezos. What drove it the fifty years 46 00:02:16,840 --> 00:02:21,000 Speaker 1: before that? Well, it was Ford gm ge. What drove 47 00:02:21,040 --> 00:02:24,040 Speaker 1: it before that, Oh it was steel. What drove before that, 48 00:02:24,320 --> 00:02:27,160 Speaker 1: Oh it was railways, it was oil. And so each 49 00:02:27,200 --> 00:02:29,839 Speaker 1: one of these technological revolutions of course changed the world 50 00:02:29,880 --> 00:02:32,240 Speaker 1: as we know it because of technology, but they drive 51 00:02:32,440 --> 00:02:35,520 Speaker 1: financial markets. That's why it's important to get in front 52 00:02:35,520 --> 00:02:38,560 Speaker 1: of this now. The technological revolution that we're in right now, 53 00:02:38,600 --> 00:02:41,640 Speaker 1: it's already started. And if I map this out, they 54 00:02:41,720 --> 00:02:45,320 Speaker 1: happen again about every fifty years, I say, we're right 55 00:02:45,520 --> 00:02:48,800 Speaker 1: about there. So it's already gotten started. We've been involved 56 00:02:48,800 --> 00:02:50,480 Speaker 1: in this for a while. I've been talking about this 57 00:02:50,560 --> 00:02:54,280 Speaker 1: for years, but there's still plenty of time to catch 58 00:02:54,320 --> 00:02:58,960 Speaker 1: this upside right there. Okay, So that's technological revolutions. But specifically, 59 00:02:58,960 --> 00:03:01,400 Speaker 1: what we want to talk about is as this technology 60 00:03:01,480 --> 00:03:05,519 Speaker 1: picks up, it requires a lot of energy, specifically energy, 61 00:03:05,560 --> 00:03:08,519 Speaker 1: and what the goal of the globalists and the politicians 62 00:03:08,560 --> 00:03:11,760 Speaker 1: and all these things is to transition our energy supply, 63 00:03:11,840 --> 00:03:14,600 Speaker 1: get rid of fossil fuels, oil gas, and move to 64 00:03:15,200 --> 00:03:19,040 Speaker 1: electricity and specifically over like solar power and things like that. 65 00:03:19,080 --> 00:03:21,959 Speaker 1: They want to re electrify everything. Now, if you watch 66 00:03:22,000 --> 00:03:24,640 Speaker 1: my videos, you know that I think that's a horrible idea. 67 00:03:24,720 --> 00:03:26,919 Speaker 1: But this is the case. This is what we're doing now. 68 00:03:26,960 --> 00:03:30,359 Speaker 1: In places like where I live, for example, they're forcing 69 00:03:30,400 --> 00:03:35,040 Speaker 1: this top down. California is banning gas appliances. You can't 70 00:03:35,040 --> 00:03:37,600 Speaker 1: even do gas appliance anymore now. They want everything to 71 00:03:37,680 --> 00:03:40,680 Speaker 1: be all electric, So they want to push everything onto 72 00:03:40,720 --> 00:03:44,640 Speaker 1: the electrical grid, including gas appliances, heaters, stoves, things like that. 73 00:03:44,720 --> 00:03:47,720 Speaker 1: In California, we can't even buy gas logs for our 74 00:03:47,760 --> 00:03:50,200 Speaker 1: gas fireplace. It's crazy. They want to push everything. They 75 00:03:50,200 --> 00:03:53,120 Speaker 1: want to electrify everything. They want everyone to drive evs 76 00:03:53,200 --> 00:03:56,760 Speaker 1: electric vehicles. So governments around the world and the United 77 00:03:56,760 --> 00:04:00,680 Speaker 1: States and California specifically have mandates as to when gas 78 00:04:00,760 --> 00:04:02,920 Speaker 1: vehicles have to be phased out and we have to 79 00:04:02,960 --> 00:04:06,320 Speaker 1: move to electric vehicles. Of course, those electric vehicles require 80 00:04:06,480 --> 00:04:10,200 Speaker 1: electric charging stations everywhere for that to happen. And so 81 00:04:10,320 --> 00:04:13,120 Speaker 1: really it's about this energy transition. The entire world is 82 00:04:13,160 --> 00:04:16,480 Speaker 1: trying to go into and again, love it or hate it. Agreed, disagree, 83 00:04:16,600 --> 00:04:19,719 Speaker 1: it doesn't matter. This is what's happening. Okay, Energy transition, 84 00:04:19,760 --> 00:04:22,839 Speaker 1: it says here, changing as many processes as possible to 85 00:04:22,960 --> 00:04:26,680 Speaker 1: operate on low carbon electricity, to move every into electricity. 86 00:04:26,800 --> 00:04:30,440 Speaker 1: Keating of buildings is being electrified, heat pumps being electricified. 87 00:04:30,680 --> 00:04:34,120 Speaker 1: To improve the flexibility of electric grids, the installation of 88 00:04:34,279 --> 00:04:38,240 Speaker 1: energy storage and supergrids are vital to enable the use 89 00:04:38,279 --> 00:04:42,920 Speaker 1: of the variable power. So supergrids, superstorage. Okay, So all 90 00:04:42,960 --> 00:04:45,280 Speaker 1: of these things are changing, and of course we have 91 00:04:46,240 --> 00:04:48,599 Speaker 1: the rise of we'll talk about AI, but then we 92 00:04:48,680 --> 00:04:51,960 Speaker 1: have the rise of the robots. This time we are 93 00:04:52,000 --> 00:04:54,480 Speaker 1: the horses being disrupted, so we have the rise of robots. 94 00:04:54,480 --> 00:04:58,080 Speaker 1: So you can see everywhere you look, it's all about electricity. 95 00:04:58,120 --> 00:05:02,240 Speaker 1: The technological revolution, techechnology is going to require more and 96 00:05:02,240 --> 00:05:05,240 Speaker 1: more electricity, and not the electricity that we're used to 97 00:05:05,360 --> 00:05:07,920 Speaker 1: coming from coal and natural gas. But they want to 98 00:05:07,960 --> 00:05:11,680 Speaker 1: take everything to electricity. We also know that in this 99 00:05:11,760 --> 00:05:14,880 Speaker 1: technological revolution, and really since the last revolution, since the 100 00:05:14,880 --> 00:05:18,400 Speaker 1: Internet revolution, we've seen the new oil. What's the new oil? 101 00:05:18,600 --> 00:05:21,279 Speaker 1: You probably already know by now it's data right. Data 102 00:05:21,400 --> 00:05:23,400 Speaker 1: is the new oil. You know that if you don't 103 00:05:23,440 --> 00:05:26,359 Speaker 1: pay for the product like Facebook and Instagram and TikTok, 104 00:05:26,440 --> 00:05:29,600 Speaker 1: you are the product. Why because they harvest your data. 105 00:05:29,640 --> 00:05:32,040 Speaker 1: And so now we have this massive amount of data 106 00:05:32,120 --> 00:05:34,640 Speaker 1: and as we have this growth of data centers, they're 107 00:05:34,640 --> 00:05:39,800 Speaker 1: exploding like crazy, and specifically around the new AI booms, 108 00:05:39,839 --> 00:05:42,599 Speaker 1: we're seeing the amount of data being processed at an 109 00:05:42,640 --> 00:05:44,680 Speaker 1: alarming rate. As a matter of fact, I mentioned the 110 00:05:44,720 --> 00:05:47,279 Speaker 1: dot com run up in nineteen ninety nine and two thousand. 111 00:05:47,360 --> 00:05:49,640 Speaker 1: We have the dot com crash after two thousand in 112 00:05:49,720 --> 00:05:52,440 Speaker 1: two thousand and one, so the Internet had just gotten started, 113 00:05:52,480 --> 00:05:54,320 Speaker 1: had just crashed that year in two thousand and one. 114 00:05:54,480 --> 00:05:57,800 Speaker 1: More data, more content was created that one year than 115 00:05:58,120 --> 00:06:01,320 Speaker 1: all of humanity before that year, was double that the 116 00:06:01,360 --> 00:06:03,880 Speaker 1: next year, double that. It's been moving exponentially, and we 117 00:06:03,920 --> 00:06:06,840 Speaker 1: can see that the data center market is growing like crazy. 118 00:06:06,839 --> 00:06:09,120 Speaker 1: According to McKenzie and one of the largest consulting companies 119 00:06:09,120 --> 00:06:11,280 Speaker 1: in the world, it's expected to be a ten percent 120 00:06:11,360 --> 00:06:14,880 Speaker 1: growth through twenty thirty, ten percent every year. Compounding on 121 00:06:14,920 --> 00:06:17,560 Speaker 1: top of that, experts predict even higher. So McKenzie says 122 00:06:17,600 --> 00:06:19,440 Speaker 1: that but experts is like, whoa, whoa, whoa. No, it's 123 00:06:19,480 --> 00:06:22,080 Speaker 1: going to be at least twenty percent annually that this 124 00:06:22,160 --> 00:06:24,080 Speaker 1: is going to be growing at for the data center 125 00:06:24,160 --> 00:06:26,919 Speaker 1: hyper scale market what they're calling it. So the amount 126 00:06:27,000 --> 00:06:29,600 Speaker 1: of data is growing to the amount of data centers 127 00:06:29,600 --> 00:06:31,440 Speaker 1: that we have to grow. And if we grow the 128 00:06:31,520 --> 00:06:34,800 Speaker 1: data centers, what does that mean? It means more electricity 129 00:06:35,200 --> 00:06:37,240 Speaker 1: that's going to be needed to power all of this. 130 00:06:37,440 --> 00:06:40,640 Speaker 1: Now we have the AI servers which are super super 131 00:06:40,680 --> 00:06:42,839 Speaker 1: power hungry, and then of course we have bitcoin, which 132 00:06:42,880 --> 00:06:45,240 Speaker 1: I talk about all the time, and that's superpower hungry 133 00:06:45,279 --> 00:06:48,680 Speaker 1: as well. As the price of bitcoin has gone up, 134 00:06:48,760 --> 00:06:51,880 Speaker 1: we've seen the mining power also go up. And so 135 00:06:51,920 --> 00:06:54,880 Speaker 1: the mining the computers that hold the bitcoin transactions and 136 00:06:54,880 --> 00:06:56,880 Speaker 1: process transactions use a lot of electricity. And you can 137 00:06:56,920 --> 00:06:59,640 Speaker 1: see how fast hat's grown. So we have power consumption 138 00:06:59,760 --> 00:07:04,400 Speaker 1: come from all different levels at a parabolic rate. Okay, 139 00:07:04,560 --> 00:07:06,880 Speaker 1: So now the question is who's going to win in 140 00:07:06,920 --> 00:07:09,600 Speaker 1: all this? Who wins this race? All right? So in 141 00:07:09,680 --> 00:07:12,880 Speaker 1: this AI specifically and sort of this new guard that's happening, 142 00:07:12,880 --> 00:07:15,600 Speaker 1: we have the new guard. Now, typically what we see 143 00:07:15,600 --> 00:07:18,960 Speaker 1: with technological revolutions and new technologies is the new guard 144 00:07:19,040 --> 00:07:22,520 Speaker 1: displaces the old guard. Kodak was there making film for 145 00:07:22,560 --> 00:07:25,440 Speaker 1: cameras for one hundred years, but then digital cameras came out. 146 00:07:25,880 --> 00:07:28,920 Speaker 1: They went away creative destruction. So the new guard typically 147 00:07:28,960 --> 00:07:31,760 Speaker 1: comes and disrupts the old guard. Open Ai is a 148 00:07:31,760 --> 00:07:34,400 Speaker 1: brand new company, but the old guard doesn't want to 149 00:07:34,440 --> 00:07:38,360 Speaker 1: give up. Now it's important to understand these technological revolutions 150 00:07:38,360 --> 00:07:40,480 Speaker 1: and how they play out, so you can figure out 151 00:07:40,560 --> 00:07:42,440 Speaker 1: who's going to win. We want to know who's going 152 00:07:42,520 --> 00:07:45,560 Speaker 1: to win, because which jockey are we going to bet on? 153 00:07:45,760 --> 00:07:47,360 Speaker 1: Which horse do we want to put our money on? 154 00:07:47,440 --> 00:07:49,800 Speaker 1: Now it's important to understand the Internet. We can look 155 00:07:49,800 --> 00:07:52,600 Speaker 1: at that as a parallel. In nineteen ninety eight, which 156 00:07:52,680 --> 00:07:59,600 Speaker 1: was pre two thousand, these companies dominated AOL, Yahoo, GeoCities, Netscape, Info, 157 00:07:59,760 --> 00:08:03,560 Speaker 1: c Hotmail, zd net. How many of those are still 158 00:08:03,560 --> 00:08:07,720 Speaker 1: around today? Now you do recognize MSN, Microsoft, and Amazon. 159 00:08:07,800 --> 00:08:10,680 Speaker 1: So we got a couple of those. Aol obviously gone, 160 00:08:10,760 --> 00:08:14,000 Speaker 1: Yahoo's still there, barely, Geocity's gone, right, So most of 161 00:08:14,000 --> 00:08:15,920 Speaker 1: these comings from nineteen ninety eight didn't make it. Now. 162 00:08:15,960 --> 00:08:18,160 Speaker 1: Fast forward on the other side of the dot com 163 00:08:18,200 --> 00:08:22,280 Speaker 1: to two thousand and three, AOL time Warner gone, Licos Gone, 164 00:08:22,320 --> 00:08:26,080 Speaker 1: About Gone, Excite gone. All these are gone. Basically a 165 00:08:26,080 --> 00:08:28,000 Speaker 1: couple of make it And the point is is that 166 00:08:28,080 --> 00:08:31,120 Speaker 1: the ones that came first aren't always the one that 167 00:08:31,200 --> 00:08:33,719 Speaker 1: make it, and so we have this battle over the 168 00:08:34,040 --> 00:08:36,280 Speaker 1: newcomers and the existing ones, and a lot of the 169 00:08:36,280 --> 00:08:38,960 Speaker 1: people who were the first movers don't end up making it. 170 00:08:38,960 --> 00:08:41,120 Speaker 1: Here's a good example from the dot com boom. We 171 00:08:41,160 --> 00:08:44,040 Speaker 1: had the famous, most famous case, pets dot Com. They 172 00:08:44,040 --> 00:08:45,760 Speaker 1: went out of business. It was a great idea, buying 173 00:08:45,760 --> 00:08:48,920 Speaker 1: pets product online, it was just too early. Today we 174 00:08:48,960 --> 00:08:52,120 Speaker 1: have a company called Chewy with a fourteen billion dollar valuation, 175 00:08:52,200 --> 00:08:54,560 Speaker 1: So Chewey was like pets dot Com two point zero. 176 00:08:54,559 --> 00:08:57,000 Speaker 1: We had webban dot com, which went out of business. 177 00:08:57,000 --> 00:09:00,480 Speaker 1: Today we use Instacart with a forty billion dollars evaluation. 178 00:09:00,559 --> 00:09:02,800 Speaker 1: We had e Toys today we have Amazon. One trillion 179 00:09:02,840 --> 00:09:06,080 Speaker 1: dollar application. GeoCities is gone. Now we have Reddit. Flu 180 00:09:06,280 --> 00:09:09,600 Speaker 1: Flus was an online currency which is gone. But we 181 00:09:09,679 --> 00:09:12,480 Speaker 1: have Bitcoin that's one point two trillion dollars. Now for 182 00:09:12,520 --> 00:09:14,360 Speaker 1: all of you guys that don't believe in bitcoin and say, oh, 183 00:09:14,360 --> 00:09:16,280 Speaker 1: but Bitcoin's like MySpace, it's going to go away the 184 00:09:16,320 --> 00:09:19,920 Speaker 1: next Facebook will come out no flues. Flus was the MySpace. 185 00:09:19,960 --> 00:09:23,000 Speaker 1: There was at least eight iterations of digital currency. Bitcoin 186 00:09:23,280 --> 00:09:25,280 Speaker 1: is not the first one. So the question is, when 187 00:09:25,320 --> 00:09:28,360 Speaker 1: you understand this, it's really hard to know who to 188 00:09:28,440 --> 00:09:30,800 Speaker 1: bet on because which ones are going to make it, 189 00:09:30,840 --> 00:09:32,840 Speaker 1: which ones are going to survive. We can see just 190 00:09:32,920 --> 00:09:35,600 Speaker 1: in the AI space right now the battle's heating up. 191 00:09:35,600 --> 00:09:38,720 Speaker 1: Meta just this week steps up in the AI battle 192 00:09:39,120 --> 00:09:42,520 Speaker 1: to battle open Ai and Google. So Google's got one, 193 00:09:42,920 --> 00:09:45,559 Speaker 1: Meta's got one, open Ai has got one. Now Twitter's 194 00:09:45,559 --> 00:09:48,160 Speaker 1: got one x I should say grock right, And so 195 00:09:48,200 --> 00:09:50,840 Speaker 1: we have all these people battling. So, as an investor 196 00:09:50,880 --> 00:09:52,959 Speaker 1: who wants to get in on this trend, who wants 197 00:09:53,000 --> 00:09:55,000 Speaker 1: to make money understanding this is going to drive financial 198 00:09:55,000 --> 00:09:57,520 Speaker 1: marksplace fifty years, where do I go? Which one do 199 00:09:57,559 --> 00:09:59,600 Speaker 1: I bet on? I don't know. I know that early 200 00:09:59,679 --> 00:10:01,640 Speaker 1: mover often don't make it. Should I bet on the 201 00:10:01,640 --> 00:10:04,120 Speaker 1: old guard, the new guard? Et cetera? But what if 202 00:10:04,200 --> 00:10:06,400 Speaker 1: what if we understood the world from a different lens? 203 00:10:06,480 --> 00:10:08,800 Speaker 1: What if we understood the world from a different lens? 204 00:10:08,800 --> 00:10:11,240 Speaker 1: Then we realize that there's actually not two sides to 205 00:10:11,320 --> 00:10:14,240 Speaker 1: a coin, but there's three sides to a coin. There's 206 00:10:14,280 --> 00:10:18,560 Speaker 1: certainly heads and tails, but what about the edge? And 207 00:10:18,720 --> 00:10:20,640 Speaker 1: that's exactly what I want to talk about. What if 208 00:10:20,640 --> 00:10:22,600 Speaker 1: there's a way that we could profit from this AI 209 00:10:22,760 --> 00:10:26,080 Speaker 1: boom without having to choose a winner. You know, heads 210 00:10:26,080 --> 00:10:28,840 Speaker 1: I win and tails I win. Well, that's exactly what 211 00:10:28,880 --> 00:10:30,160 Speaker 1: I want to talk about. So let's take a look 212 00:10:30,200 --> 00:10:32,240 Speaker 1: at it. So what we know is that there's a 213 00:10:32,440 --> 00:10:35,360 Speaker 1: new old metal. Old things are becoming new again. And 214 00:10:35,400 --> 00:10:38,160 Speaker 1: I'm talking about copper. Now. I know, before you roll 215 00:10:38,200 --> 00:10:40,560 Speaker 1: your eyes and yawn, Copper's old, right, I get it. 216 00:10:40,600 --> 00:10:43,320 Speaker 1: But copper is crucial for this to happen. You see, 217 00:10:43,360 --> 00:10:46,000 Speaker 1: if we really want to decarbonize the world, if we 218 00:10:46,040 --> 00:10:47,920 Speaker 1: really want to transition the world, if we really want 219 00:10:47,920 --> 00:10:50,520 Speaker 1: to go down this route to band fossil fuels and 220 00:10:50,520 --> 00:10:53,880 Speaker 1: put everything into electricity to decarbonize, we have to have copper. 221 00:10:53,960 --> 00:10:56,520 Speaker 1: If we really want to build out these data centers, 222 00:10:56,760 --> 00:10:59,679 Speaker 1: we need to have copper. For military going into World 223 00:10:59,720 --> 00:11:03,559 Speaker 1: War iie, guess what missiles, missile guidance system, guess what 224 00:11:03,720 --> 00:11:08,320 Speaker 1: ammunition all requires copper. Now here's the problem. We have 225 00:11:08,400 --> 00:11:12,200 Speaker 1: a massive growing demand for copper from like I said, 226 00:11:12,240 --> 00:11:16,480 Speaker 1: electrifying the grid, decarbonization, all these things, massive massive demand, 227 00:11:17,000 --> 00:11:20,040 Speaker 1: but we have no new supply. You know, price is 228 00:11:20,080 --> 00:11:22,640 Speaker 1: always the equilibrium of supply and demand, right, So we 229 00:11:22,679 --> 00:11:26,520 Speaker 1: have massively growing demand at the same time there's no 230 00:11:26,920 --> 00:11:30,120 Speaker 1: new supply coming. But it gets even worse because the 231 00:11:30,240 --> 00:11:34,240 Speaker 1: existing supply that we have is under threat. It's under attack. 232 00:11:34,280 --> 00:11:36,199 Speaker 1: As a matter of fact. We can see here. I 233 00:11:36,240 --> 00:11:37,520 Speaker 1: don't want to go into all the ways, but we 234 00:11:37,559 --> 00:11:41,160 Speaker 1: can see sustainable copper. Copper's role in a low carbon economy. 235 00:11:41,400 --> 00:11:44,240 Speaker 1: Win we need it, Energy stores, we need copper. Solar 236 00:11:44,280 --> 00:11:47,840 Speaker 1: we need copper. We can't go into this world without copper. 237 00:11:47,880 --> 00:11:50,160 Speaker 1: But here's the problem. Oh, just one more. So we 238 00:11:50,200 --> 00:11:53,480 Speaker 1: can also see copper is used in military applications. What 239 00:11:53,640 --> 00:11:55,040 Speaker 1: kind I don't want to go into all of them, 240 00:11:55,040 --> 00:11:59,199 Speaker 1: but artillery shells, jackets, et cetera. It's the second most 241 00:11:59,480 --> 00:12:02,840 Speaker 1: widely used material. Did you know that the second most 242 00:12:02,880 --> 00:12:05,800 Speaker 1: widely use material by the US Department of Defense, the 243 00:12:05,880 --> 00:12:12,440 Speaker 1: DoD wiring, guidance systems, ammunition, naval vessels all require copper. Now, 244 00:12:12,480 --> 00:12:15,440 Speaker 1: do you think there's going to be more military intervention 245 00:12:15,960 --> 00:12:18,400 Speaker 1: in the future or less? Do you think the demand 246 00:12:18,520 --> 00:12:20,480 Speaker 1: goes up or does it go down. We can see 247 00:12:20,480 --> 00:12:24,480 Speaker 1: here copper futures hit record high as data centers are 248 00:12:24,480 --> 00:12:29,160 Speaker 1: building up. The demand is skyrocketing as we sit here 249 00:12:29,160 --> 00:12:31,640 Speaker 1: and talk right now. But here's the problem. We don't 250 00:12:31,679 --> 00:12:34,240 Speaker 1: have enough supply coming. Part of the reason why we 251 00:12:34,280 --> 00:12:37,199 Speaker 1: don't have enough supply coming is that according to Blackrock, 252 00:12:37,240 --> 00:12:39,679 Speaker 1: they say that it's going to take a twelve thousand 253 00:12:39,840 --> 00:12:43,920 Speaker 1: dollars price on copper in order to incentivize people to 254 00:12:44,040 --> 00:12:47,199 Speaker 1: go find more in the ground. So there's been almost 255 00:12:47,240 --> 00:12:50,760 Speaker 1: no exploration. So we have this growing demand, but the 256 00:12:50,800 --> 00:12:53,920 Speaker 1: supply hasn't expanded, and supply hasn't expanded because we need 257 00:12:53,920 --> 00:12:56,560 Speaker 1: twelve thousand dollars price. Now, what does that mean. It 258 00:12:56,640 --> 00:12:58,640 Speaker 1: means that the price of copper has to go up 259 00:12:58,679 --> 00:13:01,520 Speaker 1: twenty percent from now. You've probably seen in the news. 260 00:13:01,600 --> 00:13:03,160 Speaker 1: Is at all time highs already right now. We've been 261 00:13:03,160 --> 00:13:04,960 Speaker 1: talking about this for a while, but it still needs 262 00:13:05,000 --> 00:13:08,560 Speaker 1: to go up another twenty percent from here before it 263 00:13:08,600 --> 00:13:12,319 Speaker 1: even incentivizes people to go get more supply. So we're 264 00:13:12,320 --> 00:13:14,120 Speaker 1: going to be in this supply demand in balance for 265 00:13:14,160 --> 00:13:17,120 Speaker 1: a while. But it gets even worse than that, because 266 00:13:17,200 --> 00:13:20,320 Speaker 1: let's say hypothetically the price jumps another twenty percent this year, 267 00:13:20,360 --> 00:13:23,080 Speaker 1: which I think it will probably not hypothetical. Let's say 268 00:13:23,080 --> 00:13:25,560 Speaker 1: it does great, so then it incentivizes people to go 269 00:13:25,600 --> 00:13:28,280 Speaker 1: get new supply. But how long does that take. Well, 270 00:13:28,280 --> 00:13:31,280 Speaker 1: here we have per Stanley Druckenmiller, the greatest investor of 271 00:13:31,280 --> 00:13:33,040 Speaker 1: all time. I talk about him all the time. Copper 272 00:13:33,040 --> 00:13:35,440 Speaker 1: will hit new record highs over the next five to 273 00:13:35,480 --> 00:13:37,959 Speaker 1: six years, is what he's saying. That's what Standy Ruckamilli 274 00:13:37,960 --> 00:13:40,320 Speaker 1: is saying. He's a billionaire. But here's the thing. Strong 275 00:13:40,400 --> 00:13:44,520 Speaker 1: demand for copper is cool, but supply and balances are 276 00:13:44,600 --> 00:13:47,200 Speaker 1: due to the decade plus lead time. What does that 277 00:13:47,200 --> 00:13:49,720 Speaker 1: mean from the time they get the money to go 278 00:13:49,800 --> 00:13:52,520 Speaker 1: get new copper and explore it and find it and 279 00:13:52,520 --> 00:13:54,640 Speaker 1: get out of the ground, it can take a decade, 280 00:13:54,760 --> 00:13:56,760 Speaker 1: he says. Right here, copper is a pretty simple story. 281 00:13:56,800 --> 00:14:00,319 Speaker 1: Pretty simple. I like that it takes about twelve years 282 00:14:00,559 --> 00:14:03,360 Speaker 1: to get new supply into the market. So if we 283 00:14:03,440 --> 00:14:07,720 Speaker 1: have massive growing demand from military, from electrification, from AI, 284 00:14:07,920 --> 00:14:11,040 Speaker 1: et cetera, and we have no new supply coming for 285 00:14:11,080 --> 00:14:13,480 Speaker 1: at least a decade or twelve years, per Druggi Miller, 286 00:14:13,480 --> 00:14:15,160 Speaker 1: what do you think happens to the price. But again, 287 00:14:15,200 --> 00:14:17,120 Speaker 1: as I was going to say, it gets even worse 288 00:14:17,200 --> 00:14:19,920 Speaker 1: than that. What am I talking about, Well, we have 289 00:14:20,040 --> 00:14:23,640 Speaker 1: a lot of problems with the existing supply. So for example, 290 00:14:23,680 --> 00:14:25,520 Speaker 1: as I said, it takes about fifteen years. But the 291 00:14:25,600 --> 00:14:30,320 Speaker 1: problem that we have with the existing supply is political instability. 292 00:14:30,440 --> 00:14:33,800 Speaker 1: You see, about forty percent of the global copper today 293 00:14:34,240 --> 00:14:38,200 Speaker 1: comes from South America. Problem is there's political instability that's 294 00:14:38,240 --> 00:14:41,640 Speaker 1: stopping that production from getting to market. So, for example, 295 00:14:41,760 --> 00:14:44,120 Speaker 1: Chile and Peru about forty percent of global supply. Over 296 00:14:44,160 --> 00:14:47,000 Speaker 1: the past couple of years, both countries have seen numerous 297 00:14:47,000 --> 00:14:51,640 Speaker 1: scenes of civil unrest and social opposition to mining. Lots 298 00:14:51,640 --> 00:14:54,600 Speaker 1: of minds are shut down and sitting dormant in Panama, 299 00:14:54,720 --> 00:14:57,880 Speaker 1: in billion dollar mine sitting there dormant. They can't get 300 00:14:57,920 --> 00:15:00,680 Speaker 1: out because of the political opposition in too, mining they 301 00:15:00,680 --> 00:15:03,240 Speaker 1: don't want anymore. Some of these countries want to nationalize it. 302 00:15:03,320 --> 00:15:05,400 Speaker 1: All of these things, and so that's disrupting the supply. 303 00:15:05,520 --> 00:15:09,640 Speaker 1: So one increasing supply. Two we can't get a new 304 00:15:09,680 --> 00:15:12,000 Speaker 1: supply to the market for a decade. Three the existing 305 00:15:12,000 --> 00:15:15,640 Speaker 1: supply we have is dwindling at a rapid rate because 306 00:15:15,640 --> 00:15:18,160 Speaker 1: of this, which is why you see like city, right here, 307 00:15:18,200 --> 00:15:20,920 Speaker 1: says copper prices climb to a twenty four high as 308 00:15:20,920 --> 00:15:24,040 Speaker 1: city calls for the start of the metal's second bowl 309 00:15:24,120 --> 00:15:28,040 Speaker 1: market this century, the second time we've seen in this century. 310 00:15:28,080 --> 00:15:30,040 Speaker 1: It's a pretty big deal and it's all about to 311 00:15:30,160 --> 00:15:33,200 Speaker 1: happen right now. Okay, so at this point it might 312 00:15:33,240 --> 00:15:35,280 Speaker 1: be going great, Mark, that's cool, But like, how do 313 00:15:35,360 --> 00:15:38,280 Speaker 1: we play this well? I talk about commodities all the time. 314 00:15:38,400 --> 00:15:40,640 Speaker 1: It's my favorite place to play. I think it's where 315 00:15:40,680 --> 00:15:43,760 Speaker 1: the money is hard scarce assets. As I say, so, 316 00:15:43,840 --> 00:15:45,920 Speaker 1: copper is definitely one of those. So there's really three 317 00:15:46,000 --> 00:15:48,040 Speaker 1: ways that you can play this. First way is you 318 00:15:48,040 --> 00:15:50,640 Speaker 1: can buy physical copper. Now I don't mean like going 319 00:15:50,640 --> 00:15:52,440 Speaker 1: buying a chunk of copper and put into your safe, 320 00:15:52,480 --> 00:15:55,400 Speaker 1: but you can buy physical copper through many ETFs. Just 321 00:15:55,440 --> 00:15:57,400 Speaker 1: search copper ETFs. I'm not going to tell you which 322 00:15:57,400 --> 00:15:59,080 Speaker 1: one to buy here, but you can find lots of 323 00:15:59,120 --> 00:16:01,800 Speaker 1: ways to get acts to the price of copper just 324 00:16:01,840 --> 00:16:04,320 Speaker 1: through ETF that's number one. Number two, you can certainly 325 00:16:04,360 --> 00:16:06,840 Speaker 1: trade you know, options and futures on this, and so 326 00:16:07,200 --> 00:16:09,160 Speaker 1: you could try to get a little bit more return 327 00:16:09,200 --> 00:16:11,280 Speaker 1: on your money doing that way. Options in futures a 328 00:16:11,320 --> 00:16:13,840 Speaker 1: little bit complex or Third, my favorite way to do 329 00:16:13,880 --> 00:16:16,840 Speaker 1: this is through copper producers. These are the miners that 330 00:16:16,880 --> 00:16:18,840 Speaker 1: produce it. So you see me talking a lot about 331 00:16:19,120 --> 00:16:23,160 Speaker 1: gold producers, uranium producers, the resource producers, because you know, 332 00:16:23,200 --> 00:16:25,840 Speaker 1: Buffett doesn't like the metal because it doesn't do anything. 333 00:16:25,880 --> 00:16:29,280 Speaker 1: But these companies are producers. They actually produce a product. 334 00:16:29,280 --> 00:16:30,680 Speaker 1: We can look at the profit and we know those 335 00:16:30,720 --> 00:16:33,280 Speaker 1: profits get returned to us as shareholders. And so that's 336 00:16:33,280 --> 00:16:36,040 Speaker 1: my favorite way to play. It's a leverage play. Now, 337 00:16:36,600 --> 00:16:39,600 Speaker 1: I have a ten point checklist on how to find 338 00:16:39,920 --> 00:16:43,160 Speaker 1: the best resource mining companies, and you can get it 339 00:16:43,160 --> 00:16:44,760 Speaker 1: for free. I'm going to go ahead and link to 340 00:16:44,800 --> 00:16:46,520 Speaker 1: it in the show does down below, and it gives 341 00:16:46,520 --> 00:16:48,440 Speaker 1: you ten things that you should look at if you're 342 00:16:48,480 --> 00:16:51,560 Speaker 1: evaluating producers that you want to buy for your own portfolio. 343 00:16:51,640 --> 00:16:53,440 Speaker 1: Let me show you just a couple of the points 344 00:16:53,720 --> 00:16:56,520 Speaker 1: that I would look at when I look at producing companies. 345 00:16:56,640 --> 00:16:59,120 Speaker 1: Now I'm going to use an actual company here for 346 00:16:59,240 --> 00:17:01,200 Speaker 1: educational purposes. Okay, So I'm going to break down a 347 00:17:01,200 --> 00:17:03,440 Speaker 1: real company with three or four of these points that 348 00:17:03,520 --> 00:17:05,480 Speaker 1: you can go find on your own. I do want 349 00:17:05,520 --> 00:17:08,199 Speaker 1: to tell you that this is a promotional video. I 350 00:17:08,240 --> 00:17:10,400 Speaker 1: am not telling you to buy this company. We're doing 351 00:17:10,400 --> 00:17:12,920 Speaker 1: this for education purposes. But I want to use the 352 00:17:12,960 --> 00:17:15,000 Speaker 1: real company so you can see this, and I'm talking 353 00:17:15,040 --> 00:17:17,800 Speaker 1: about a company called Klinx Minds. Okay, so we're going 354 00:17:17,880 --> 00:17:19,920 Speaker 1: to break this one down. Caleen X Minds. You can 355 00:17:19,920 --> 00:17:21,960 Speaker 1: find them right here. Here's their ticker symbol. Now you 356 00:17:22,040 --> 00:17:25,720 Speaker 1: might recognize this name just because I've talked about them before. 357 00:17:25,720 --> 00:17:27,720 Speaker 1: I've been working with them for a long time. As 358 00:17:27,760 --> 00:17:30,080 Speaker 1: a matter of fact, I did a video talking about 359 00:17:30,119 --> 00:17:33,680 Speaker 1: them right here on July twentieth of twenty twenty. It's 360 00:17:33,720 --> 00:17:35,440 Speaker 1: been a couple of years since I talked about Kalinak. 361 00:17:35,520 --> 00:17:37,440 Speaker 1: At that time. When I talked about it right here, 362 00:17:37,720 --> 00:17:42,680 Speaker 1: it went up by five hundred and thirty percent since 363 00:17:42,760 --> 00:17:45,320 Speaker 1: I mentioned it right here, so you you know, could 364 00:17:45,320 --> 00:17:48,000 Speaker 1: have had a five hundred percent gain here. Now it's 365 00:17:48,040 --> 00:17:52,000 Speaker 1: come back down and we have another potential entry right here. 366 00:17:52,119 --> 00:17:54,720 Speaker 1: So just somewhat pretty interesting. The one thing about these 367 00:17:54,720 --> 00:17:57,320 Speaker 1: resource mining stocks is they're very volatile. They go up 368 00:17:57,400 --> 00:17:59,400 Speaker 1: and down. This is a four year period right here, 369 00:17:59,440 --> 00:18:01,399 Speaker 1: and I've talked lots of them that haven't gone up 370 00:18:01,400 --> 00:18:03,480 Speaker 1: by this much. But you don't have to be right 371 00:18:03,520 --> 00:18:05,040 Speaker 1: on all of them. You've got to be right on one 372 00:18:04,960 --> 00:18:07,919 Speaker 1: out of ten, and you do pretty good ones like this. Okay, 373 00:18:07,960 --> 00:18:10,119 Speaker 1: but again we're looking at this for educational purpose. So 374 00:18:10,160 --> 00:18:12,119 Speaker 1: a couple things I talked about. There's no new supply 375 00:18:12,160 --> 00:18:14,680 Speaker 1: coming because it takes a decade to get and more importantly, 376 00:18:14,760 --> 00:18:18,000 Speaker 1: or more problematically, the existing supply we have is dwindling 377 00:18:18,040 --> 00:18:21,920 Speaker 1: because of jurisdictional risks. Okay, so we want to try 378 00:18:21,920 --> 00:18:25,399 Speaker 1: to solve that problem. Problems equal solutions or opportunities. We 379 00:18:25,480 --> 00:18:30,840 Speaker 1: have Klinx Minds, which has hopper ready to go in Canada, 380 00:18:30,920 --> 00:18:34,440 Speaker 1: which is a very friendly jurisdictional area. Right, They're very 381 00:18:34,440 --> 00:18:37,520 Speaker 1: friendly to mining, they're friendly to North America. And for 382 00:18:37,640 --> 00:18:39,640 Speaker 1: all of the copper that we're going to need to 383 00:18:39,680 --> 00:18:42,600 Speaker 1: build up our grids in North America, we probably want 384 00:18:42,640 --> 00:18:45,159 Speaker 1: copper from home, and so Calenx Minds has it in 385 00:18:45,200 --> 00:18:48,400 Speaker 1: a friendly jurisdictional region ready to go. As a matter 386 00:18:48,400 --> 00:18:52,600 Speaker 1: of fact, they have six million tons at a five 387 00:18:52,800 --> 00:18:56,040 Speaker 1: times average grade compared to the rest of the world, 388 00:18:56,119 --> 00:18:58,240 Speaker 1: so they have better copper than the rest of the world. 389 00:18:58,320 --> 00:19:00,720 Speaker 1: They have six million tons of it and it's right 390 00:19:00,800 --> 00:19:03,440 Speaker 1: here in a friendly jurisdiction in Canada. As I said, 391 00:19:03,440 --> 00:19:05,720 Speaker 1: like here in Panama, they have a ten billion dollar 392 00:19:05,800 --> 00:19:08,679 Speaker 1: copper mind sitting there stagnant. Now, So the first thing, 393 00:19:08,720 --> 00:19:10,080 Speaker 1: I just want to look at the company. I want 394 00:19:10,119 --> 00:19:12,359 Speaker 1: to look at the resources that they have in Canada. 395 00:19:12,400 --> 00:19:14,040 Speaker 1: I want to look at how much they have. I 396 00:19:14,080 --> 00:19:15,600 Speaker 1: want to look at the grade. All right, So we 397 00:19:15,640 --> 00:19:17,960 Speaker 1: broke that down. The next thing I always want to 398 00:19:17,960 --> 00:19:20,800 Speaker 1: look at is the team. Typically you hear in investing 399 00:19:20,920 --> 00:19:23,160 Speaker 1: bet the jockey, not the horse. So who's the team. 400 00:19:23,520 --> 00:19:25,119 Speaker 1: So a couple things I want to look at with 401 00:19:25,160 --> 00:19:28,119 Speaker 1: the team is who's heading this up. And so we 402 00:19:28,240 --> 00:19:31,640 Speaker 1: know that this company, Calanx has Max Porterfield heading this up. 403 00:19:31,680 --> 00:19:34,280 Speaker 1: Now he's been there for fifteen years. He was previously 404 00:19:34,320 --> 00:19:37,400 Speaker 1: with a company called Uranium Energy Corp. Now you might 405 00:19:37,480 --> 00:19:40,200 Speaker 1: recognize that name because I've talked about them as well. 406 00:19:40,400 --> 00:19:42,280 Speaker 1: So he's previously at this company. And the reason why 407 00:19:42,320 --> 00:19:44,639 Speaker 1: I want to understand this is because typically people that 408 00:19:44,680 --> 00:19:47,399 Speaker 1: are successful move on to other successful things. And so, 409 00:19:48,040 --> 00:19:50,000 Speaker 1: like I said, you've probably heard me talk about that company. 410 00:19:50,040 --> 00:19:52,520 Speaker 1: I've talked about them actually twice in two different videos 411 00:19:52,560 --> 00:19:55,840 Speaker 1: in eight in August of twenty twenty one, and again 412 00:19:55,920 --> 00:19:58,880 Speaker 1: in August of twenty twenty two, it went up by 413 00:19:59,000 --> 00:20:02,879 Speaker 1: two hundred and fifty four percent on from here, and 414 00:20:02,920 --> 00:20:05,560 Speaker 1: it went up one hundred and twenty seven percent from here. 415 00:20:05,600 --> 00:20:08,359 Speaker 1: So that company has done amazingly well. He was with 416 00:20:08,440 --> 00:20:10,439 Speaker 1: them and now he's doing his own company. So I 417 00:20:10,440 --> 00:20:12,800 Speaker 1: want to bet the jockey in this case, and what 418 00:20:12,840 --> 00:20:15,119 Speaker 1: I want to see is does he have skin in 419 00:20:15,119 --> 00:20:18,040 Speaker 1: the game? Is his money where his mouth is? And 420 00:20:18,080 --> 00:20:20,480 Speaker 1: we can see that this company has strong insider ownership. 421 00:20:20,560 --> 00:20:22,720 Speaker 1: About twenty percent of the ownership is with the insiders, 422 00:20:22,920 --> 00:20:26,920 Speaker 1: and the CEO is the largest sharehold you see today 423 00:20:26,920 --> 00:20:29,080 Speaker 1: in the news. You know CEOs, these publicly traded companies 424 00:20:29,080 --> 00:20:31,000 Speaker 1: are dumping their stock left and right. You want to 425 00:20:31,000 --> 00:20:33,600 Speaker 1: see they have skin in the game. Also, this company 426 00:20:33,640 --> 00:20:37,040 Speaker 1: has no debt, and their tech team the one that's 427 00:20:37,080 --> 00:20:39,560 Speaker 1: involved in finding it and bringing it out of the ground. 428 00:20:40,080 --> 00:20:43,800 Speaker 1: They have been responsible for three of the last four 429 00:20:43,960 --> 00:20:48,000 Speaker 1: discoveries in this region, so lots of deep experience in 430 00:20:48,000 --> 00:20:49,480 Speaker 1: that area. So those are a couple of things I 431 00:20:49,520 --> 00:20:52,840 Speaker 1: want to look at when I'm looking at a resource 432 00:20:52,880 --> 00:20:55,320 Speaker 1: play like this, like to play Copper ready to Go 433 00:20:55,760 --> 00:20:58,560 Speaker 1: in a good jurisdiction. They have a good team, strong 434 00:20:58,640 --> 00:21:01,879 Speaker 1: inside ownership, skin in the game, no debt and things 435 00:21:01,920 --> 00:21:05,399 Speaker 1: like that. Okay, Now, in summary, I talk about this 436 00:21:05,440 --> 00:21:09,879 Speaker 1: all the time. I am long hard scarce assets commodities. 437 00:21:09,920 --> 00:21:13,040 Speaker 1: You can't just print more copper or more lithium or 438 00:21:13,040 --> 00:21:15,600 Speaker 1: more cobalt. You can't do that, or gold, etc. Right, 439 00:21:15,680 --> 00:21:18,760 Speaker 1: So I'm long hard scarce assets. I also consider bitcoin 440 00:21:18,960 --> 00:21:22,760 Speaker 1: to be a hard scarce asset. I'm long commodities because 441 00:21:23,080 --> 00:21:26,080 Speaker 1: the world needs more. As we're building this out, We're 442 00:21:26,080 --> 00:21:28,920 Speaker 1: going to need more copper, We're going to need more lithium, 443 00:21:28,960 --> 00:21:30,919 Speaker 1: We're gonna need more wheat. As a matter of fact, 444 00:21:31,200 --> 00:21:35,480 Speaker 1: I'm also long technology. So when I can put technology 445 00:21:35,720 --> 00:21:40,320 Speaker 1: and commodities together, that works out really well from my viewpoint. 446 00:21:40,359 --> 00:21:43,400 Speaker 1: All Right. Now, lastly, what I'm saying is I think 447 00:21:43,400 --> 00:21:46,040 Speaker 1: copper is the perfect way to play this because I 448 00:21:46,080 --> 00:21:48,080 Speaker 1: don't know is it going to be Opening Eye or 449 00:21:48,119 --> 00:21:51,080 Speaker 1: Microsoft or Google or Twitter that wins this. I don't 450 00:21:51,160 --> 00:21:54,240 Speaker 1: know which robot company wins. I don't know which ev 451 00:21:54,600 --> 00:21:57,119 Speaker 1: manufacturer wins. I don't know. But what I do know 452 00:21:57,640 --> 00:22:03,560 Speaker 1: is every single one of those depends on having more copper. Okay, 453 00:22:03,680 --> 00:22:05,480 Speaker 1: So that's how I look at the market. That's how 454 00:22:05,520 --> 00:22:07,359 Speaker 1: I approach my investments. But i'd love to hear what 455 00:22:07,440 --> 00:22:08,880 Speaker 1: you have to say. Let me know what you think 456 00:22:08,880 --> 00:22:10,639 Speaker 1: down in the comments down below. Of course, as always, 457 00:22:10,680 --> 00:22:12,159 Speaker 1: give me thumbs up on the video if you like it. 458 00:22:12,280 --> 00:22:14,120 Speaker 1: If you don't, you can give me thumbs down. That's okay, 459 00:22:14,119 --> 00:22:16,280 Speaker 1: but at least tell me why in the comments down below. 460 00:22:16,600 --> 00:22:18,240 Speaker 1: And that's what I got. All right, to your success, 461 00:22:18,480 --> 00:22:18,880 Speaker 1: I'm out.