2024 was a kind of years that can go into the books as one in all nice instability and upheaval.
With fears of World Battle III looming, protected haven belongings and significant minerals have seen costs soar. Central banks are dashing to purchase gold, protection shares are booming, and there’s even discuss beginning a nationwide strategic Bitcoin reserve within the U.S.
Initially, gold continues to claim its standing as the last word safe-haven asset, hitting a document value of $2790 in October amid escalating uncertainty.
Bitcoin, usually dubbed “digital gold,” is defying expectations because it continues its march previous $100,000 spurred by each institutional and mainstream adoption. However essentially the most spectacular commodity rally this yr comes from a little-known but indispensable metallic: antimony, a essential part in nearly all army tools.
Right here’s a more in-depth have a look at these three hovering commodities, their drivers, and the important thing gamers benefiting from the rally.
1. Antimony: The Hottest Commodity in 2024
Antimony’s meteoric rise in 2024—surging 300% year-to-date—has catapulted the obscure metallic into the highlight as world militaries race to safe essential provides. Historically missed in commodity markets, antimony has confirmed indispensable in fashionable warfare, the place it fortifies ammunition, powers explosives, and underpins superior battlefield applied sciences like evening imaginative and prescient goggles and safe communications methods.
Western powers have launched into a $100 billion spending spree to restock their armories, growing the demand for antimony at a time when China is weaponizing this important commodity. Whereas there are just a few good gold-antimony performs in the marketplace, it’s the pure-play antimony miners that stand to realize essentially the most from this rally.
Take Army Metals (CSE: MILI, OTCQB: MILIF), a relative newcomer within the house has acquired two of the highest ten Antimony tasks on this planet and is quickly bringing onstream a brand new supply of antimony provide.
This historic antimony deposit, relationship again to the Chilly Battle, holds an estimated 60,998.4 tons of antimony – a useful resource now valued at an astounding $2 billion.
Found within the Nineteen Fifties and explored additional within the 80s and 90s, Trojarova’s growth was out of the blue halted because the Chilly Battle ended and antimony’s strategic significance pale.
However the world has modified.
Geopolitical instability is the brand new regular, and with NATO nations spending tens of billions of {dollars} to re-stock their depleted arsenals, the demand for antimony is peaking.
And Army Metals isn’t concentrating all of its results on a single continent: it’s additionally making enormous strikes again in North America, in Canada’s well-known WWI antimony mine in Nova Scotia.
The reopening of the West Gore mine represents greater than only a enterprise enterprise; it’s a strategic initiative to bolster North America’s provide of antimony, a mineral deemed important for nationwide safety.
Is This The World’s Most Undervalued Antimony Pure-Play?
Army Metals is valued at solely $23 million proper now; however its new play in Slovakia is valued at $2 billion in situ of ore at at present’s Antimony spot costs. And that’s solely one in all its new antimony acquisitions. If you add the potential of West Gore in Nova Scotia, valuations might get much more enticing.
This isn’t mere hypothesis—the U.S. authorities has already begun important investments to safe home sources of essential minerals and is actively working to revive the manufacturing and refining of key metals, equivalent to antimony, inside North America. With billions of {dollars} allotted towards strengthening home mineral provides, firms like Army Metals (CSE: MILI, OTCQB: MILIF) are positioned to obtain substantial monetary backing.
2. Central Banks Drive 2024 Gold Rush
Gold’s position as a protected haven asset has been on full show in 2024, with costs surging to an all-time excessive of just about $2,800 per ounce—a 37% improve because the begin of the yr. This ascent has been pushed by a lot of components, with escalating geopolitical tensions on the forefront. Because the specter of an all-out world battle looms bigger than ever, the metallic’s historic fame as a protected haven has drawn each institutional and retail traders looking for shelter from the storm.
Central banks have been key gamers on this gold rush, notably these in rising markets. Within the first half of the yr alone, they bought a document 800 metric tons of gold. That’s 112 absolutely loaded Boeing 737 plane with the well-known 400 oz. gold bars. This shopping for spree displays not solely a want to hedge in opposition to the depreciation of fiat currencies but in addition a broader effort to cut back dependency on the U.S. greenback.
One firm uniquely positioned to profit from this surroundings is Barrick Gold, (NYSE: GOLD) whereas the corporate reported third-quarter earnings beneath Wall Avenue estimates, primarily as a result of elevated prices and decreased manufacturing at its Nevada operations. The corporate’s all-in sustaining prices (AISC) for gold—a complete {industry} metric—rose to $1,507 per ounce from $1,255 per ounce in the identical quarter final yr.
Regardless of these challenges, Barrick’s realized gold value elevated by 29.4% to $2,494 per ounce, reflecting a surge in bullion costs following a 50-basis-point charge reduce by the U.S. Federal Reserve and heightened safe-haven demand amid Center Jap conflicts. Moreover, Barrick indicated that full-year manufacturing at its Loulo-Gounkoto venture in Mali is anticipated to achieve the higher finish of its forecast, whilst the corporate navigates ongoing disputes with the Malian authorities.Traders are actually turning their consideration to the financial coverage outlook following a report indicating that US enterprise exercise is rising at its quickest tempo since April 2022. Swaps merchants at the moment assign lower than a 50% chance of the Fed reducing charges subsequent month. Most banks stay optimistic, with Goldman Sachs and UBS projecting additional positive aspects in 2025.
3. Bitcoin: The Cryptocurrency King Is Again
Bitcoin’s ascent in 2024 has been nothing in need of spectacular, breaking previous the $100,000 mark and doubling in worth because the yr started. In contrast to conventional commodities like gold and antimony, Bitcoin’s rise is fueled by its rising integration into the worldwide monetary system and its evolving position as a hedge in opposition to financial instability. What was as soon as dismissed as a speculative asset has matured right into a cornerstone of institutional funding portfolios and a lifeline for economies grappling with failing currencies.
A serious driver of Bitcoin’s rally has been the arrival of institutional-grade monetary merchandise. This yr, funding giants equivalent to BlackRock and Constancy launched Bitcoin exchange-traded funds (ETFs), making it simpler than ever for each retail and institutional traders to realize publicity. These ETFs have introduced Bitcoin into the mainstream, sparking a wave of inflows from pension funds, sovereign wealth funds, and particular person traders looking for options to fiat currencies and conventional belongings.
A standout beneficiary of Bitcoin’s exceptional yr is MicroStrategy (NASDAQ: MSTR), the software program firm that reworked itself into a company Bitcoin big. With over 200,000 Bitcoin on its stability sheet, the corporate’s fortunes have risen in tandem with the cryptocurrency’s meteoric rise. This daring technique has not solely paid off for its shareholders but in addition positioned MicroStrategy as a bellwether for Bitcoin’s broader adoption. Its success underscores the transformational potential of Bitcoin as each an asset and an thought—one which continues to reshape the monetary panorama in 2025 and past.
MicroStrategy’s co-founder Michael Saylor revealed in a current interview with CNBC that the corporate is producing $500 million each day as Bitcoin approaches the $100,000 milestone for the primary time.
In an interview with CNBC, Saylor detailed the corporate’s positive aspects, stating, “We’re making $500 million a day. I am watching my display screen and we’re promoting greenback payments for $3, typically one million instances a minute.”
To offer context, MicroStrategy’s inventory surged a formidable 97% over the previous month, whereas Bitcoin rose practically 47%. 12 months-to-date, the corporate’s inventory has skyrocketed by over 515%, in comparison with Bitcoin’s 122% acquire. For comparability, Nvidia, the AI chief and the world’s most useful firm by market capitalization, has seen its inventory rise by practically 195% in the identical interval.
Saylor summed up MicroStrategy’s efficiency, saying, “We might very properly be essentially the most worthwhile firm within the U.S. rising the quickest proper now. There’s not many firms making $500 million a day.
Firms to control:
Marathon Digital Holdings, Inc. (NASDAQ: MARA)
Marathon Digital Holdings is without doubt one of the largest Bitcoin mining firms in North America. They function a community of mining amenities with a concentrate on increasing their hashrate and growing their Bitcoin manufacturing capability. Marathon Digital is dedicated to sustainable mining practices, using renewable vitality sources to energy their operations at any time when potential. This dedication to environmental accountability aligns with the rising concentrate on decreasing the carbon footprint of Bitcoin mining.
Bitcoin mining is the method of verifying and including transactions to the Bitcoin blockchain, the decentralized ledger that information all Bitcoin transactions. Miners use specialised pc {hardware} to resolve advanced mathematical issues, and they’re rewarded with newly minted Bitcoins for his or her efforts. Marathon Digital’s mining operations contribute to the safety and stability of the Bitcoin community, making certain the integrity of the blockchain.
As a number one Bitcoin mining firm, Marathon Digital’s efficiency is intently tied to the value of Bitcoin and the general well being of the cryptocurrency market. Their concentrate on increasing their hashrate and using renewable vitality sources positions them as a key participant within the evolving panorama of Bitcoin mining. Because the adoption of Bitcoin and different cryptocurrencies continues to develop, Marathon Digital is well-positioned to capitalize on the growing demand for digital asset mining companies.
CoinDesk (NASDAQ: COIN)
CoinDesk is a number one media platform and knowledge companies firm for the cryptocurrency and blockchain expertise group. Based in 2013, it has grow to be a trusted supply of reports, evaluation, and information for the evolving world of digital belongings. CoinDesk gives complete protection of cryptocurrencies like Bitcoin and Ethereum, in addition to the broader blockchain ecosystem, together with decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applied sciences.
Past its information and evaluation, CoinDesk provides a spread of assets and companies for the crypto group. This consists of academic content material, analysis studies, information indices, and a wide range of occasions, together with the famend Consensus convention. CoinDesk’s occasions carry collectively {industry} leaders, traders, builders, and fanatics to debate the newest developments and developments within the crypto house. In addition they present a platform for networking and collaboration, fostering the expansion and growth of the blockchain ecosystem.
CoinDesk’s dedication to offering correct, unbiased, and insightful info has made it a revered voice within the crypto group. Their protection of the quickly evolving world of digital belongings helps to tell and educate traders, builders, and most of the people, contributing to the broader understanding and adoption of blockchain expertise. Because the crypto {industry} continues to mature and evolve, CoinDesk stays an important supply of data and a key platform for dialogue and collaboration.
Newmont Company (NYSE: NEM)
Newmont Company is a number one world gold producer with a big presence in North and South America, Australia, and Africa. They’re one of many largest gold mining firms on this planet, with a various portfolio of belongings and a protracted historical past of operational excellence. Newmont is dedicated to accountable mining, implementing industry-leading practices to attenuate their environmental affect and help the communities the place they function. This consists of initiatives to cut back greenhouse gasoline emissions, preserve water assets, and promote biodiversity.
Gold is a extremely valued commodity with a variety of functions, from funding and jewellery to electronics and aerospace. Newmont’s manufacturing contributes to the worldwide provide of gold, assembly the wants of varied industries and traders. As a number one gold producer, Newmont performs a vital position within the world financial system, offering jobs, supporting native communities, and contributing to financial growth.
Newmont’s dedication to sustainability and accountable mining practices aligns with the rising world concentrate on environmental and social accountability. They’ve set bold targets to cut back their carbon footprint and promote sustainable growth within the mining {industry}. By prioritizing environmental stewardship, social accountability, and operational excellence, Newmont goals to create long-term worth for its shareholders and stakeholders whereas contributing to a extra sustainable future.
Block, Inc. (NYSE: SQ)
Block, Inc. (previously Sq., Inc.) is a monetary expertise firm that gives fee processing options and monetary companies to people and companies. Based by Jack Dorsey, Block is understood for its progressive strategy to monetary companies, providing user-friendly instruments and platforms that empower people and companies to take part within the financial system. Block’s ecosystem consists of well-liked merchandise like Sq., a point-of-sale system for companies, and Money App, a peer-to-peer fee platform with a rising suite of economic instruments.
Considered one of Block’s key strengths is its capability to adapt to the evolving wants of its clients and the altering monetary panorama. They’ve been early adopters of recent applied sciences and developments, together with Bitcoin. Block’s Money App permits customers to purchase, promote, and maintain Bitcoin, making it a well-liked platform for people to entry the cryptocurrency market. This early adoption of Bitcoin has positioned Block to profit from the rising mainstream acceptance and adoption of cryptocurrencies.
As Bitcoin and different cryptocurrencies proceed to realize traction, Block’s publicity to this rising asset class might present important development alternatives. The growing integration of Bitcoin into Money App’s options, equivalent to the power to make use of Bitcoin for funds and remittances, might drive additional adoption and generate new income streams for Block. Moreover, Block’s exploration of blockchain expertise and decentralized finance (DeFi) functions might result in progressive new services that additional solidify its place as a pacesetter within the fintech house. By embracing innovation and adapting to the altering monetary panorama, Block is well-positioned to capitalize on the alternatives introduced by the rising adoption of Bitcoin and different cryptocurrencies.
Kinross Gold Company (NYSE: KGC)
Kinross Gold Company is a distinguished gold mining firm with a world presence, working mines and growth tasks within the Americas, West Africa, and Russia. They’re a significant participant within the gold {industry}, with a concentrate on accountable mining and sustainable practices. Kinross is dedicated to minimizing their environmental affect, supporting native communities, and upholding excessive moral requirements of their operations. This consists of initiatives to cut back greenhouse gasoline emissions, preserve water assets, and promote biodiversity.
Kinross Gold’s manufacturing contributes to the worldwide provide of gold, a beneficial commodity with a variety of functions, from funding and jewellery to electronics and aerospace. As a big gold producer, Kinross performs a vital position within the world financial system, offering jobs, supporting native communities, and contributing to financial growth within the areas the place they function.
Moreover, Kinross Gold is devoted to accountable mining and environmental stewardship. They’ve applied numerous initiatives to attenuate their environmental footprint and promote sustainable growth. This consists of investing in renewable vitality, decreasing water consumption, and rehabilitating mine websites. By prioritizing sustainability and social accountability, Kinross Gold goals to create long-term worth for its shareholders and stakeholders whereas contributing to a extra sustainable future.
Agnico Eagle Mines Restricted (NYSE: AEM)
Agnico Eagle Mines Restricted is a number one gold mining firm with a concentrate on operations in Canada, Finland, and Mexico. They’re identified for his or her dedication to security, sustainability, and group engagement. Agnico Eagle operates a number of high-quality gold mines, with a powerful observe document of operational excellence and exploration success. They’re dedicated to accountable mining practices, minimizing their environmental affect and supporting the communities the place they function.
Agnico Eagle’s manufacturing contributes to the worldwide provide of gold, a beneficial commodity with a protracted historical past as a retailer of worth and a protected haven asset. As financial uncertainties and geopolitical tensions persist, the demand for gold as a hedge in opposition to inflation and monetary instability stays sturdy. Agnico Eagle’s manufacturing helps to fulfill this demand, offering a dependable supply of gold for traders and numerous industries.
Moreover, Agnico Eagle is devoted to sustainable mining practices and environmental stewardship. They’ve applied numerous initiatives to cut back their carbon footprint, preserve water assets, and defend biodiversity. By prioritizing sustainability and social accountability, Agnico Eagle goals to create long-term worth for its shareholders and stakeholders whereas contributing to a extra sustainable future for the mining {industry}.
By. Tom Kool
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This publication incorporates forward-looking info which is topic to a wide range of dangers and uncertainties and different components that would trigger precise occasions or outcomes to vary from these projected within the forward-looking statements. The forward-looking statements on this publication are based mostly on present expectations and assumptions about future occasions, geopolitical developments, commerce insurance policies, market circumstances, the corporate’s strategic initiatives to handle the essential scarcity of antimony, and present expectations, estimates, and projections in regards to the {industry} and markets through which the corporate operates. Elements that would change or forestall these statements from coming to fruition embrace, however are usually not restricted to, the potential affect of the upcoming U.S. elections on numerous industries and particular firms, adjustments in authorities insurance policies, market circumstances, regulatory developments, geopolitical occasions and the firm’s capability to efficiently purchase and develop new antimony assets and fluctuations in antimony costs. The forward-looking info contained herein is given as of the date hereof and we assume no accountability to replace or revise such info to mirror new occasions or circumstances, besides as required by regulation.
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