Gerardo Del Real,
Editor
Feb. 18, 2026
I told you last week that while everyone waited to see what the Fed is inclined to do for the rest of this year, the real data to watch was the debt: $39 trillion and counting, $64 trillion in 10 years.
So, are we taking aggressive steps to counter that? No. We’re likely going to war with Iran.
As the military buildup continues, any weakness or correction that was materializing in the metals space is working itself through with gold now back above the $5,000 per ounce level and silver closer to $80 than $75 an ounce.
Ditto for copper. While inventories have been increasing, in part due to the Chinese Lunar New Year and the lack of liquidity that brings, copper sits firmly at the $5.80 per pound level.
J.P. Morgan is now calling for a long-term price of $12,000 per tonne and is forecasting structural deficits through 2035. It also cites the need for $150 billion for new mines. Good luck with that.
The setup in the commodities space is, for better or worse, the most fertile I’ve ever seen.
Irreversible deficits coupled with structural deficits in the metals space are going to continue contributing to much higher prices.
So yes, there will continue to be volatility in the metals space because we live in a volatile world. Yet, there’s a lot of opportunity in that volatility.
I’ll be using that volatility to my advantage over the coming weeks with more deal flow for Private Placement Intel and both Junior Resource Monthly and Junior Resource Speculator.
I’m also keeping a close eye on several key catalysts that could be game changers in the coming days and weeks.
We are in the early stages of what I believe will be a discovery cycle unlike anything we’ve seen in quite some time. One that bodes exceptionally well for the portfolios.
Let's get it,
Gerardo Del Real
Editor, Daily Profit Cycle