The Shit to Know Thursdays

On days like today we remember the immortal words of legendary investor Warren Buffett. Let’s get into this fuckin shit.

VHLA Elite
RMXFF AND THE RARE MINERALS TRUMP PUMP

Trump just greenlit a reported $12B critical-minerals stockpile, explicitly framed as a counter to China. That’s not symbolism—that’s Washington admitting supply chains for ugly, hard-to-process metals are now a defense priority.

That’s why antimony is suddenly popping up everywhere. The metal itself isn’t new, but processing capacity is brutally scarce. Rocks are useless if you can’t refine them.

Enter Red Mountain Mining (RMX / RMXFF). The company just picked up the Thompson Falls antimony project in Montana—literally next door to the only operating antimony smelter in the United States, run by U.S. Antimony. Location matters here more than almost anything else.

U.S. Antimony is expanding aggressively, aiming to take throughput from roughly 100 tons per month to over 500 tons, while also expanding regional processing infrastructure. On top of that, they hold a five-year, sole-source Defense Logistics Agency contract worth up to $245M to supply antimony metal for the National Defense Stockpile.

That’s the setup: tight supply, a processing bottleneck, a government buyer, and a junior explorer building right in the smelter’s backyard. This one is a beauty.

Cryptocurrency
CRYPTO DOOMSDAY

Crypto is back in liquidation mode. Fast moves down, ugly wicks, and the familiar sound of forced selling echoing through the market.

Bitcoin’s drawdown has pushed Saylor’s average cost underwater, which matters not because of vibes or conviction—but because balance sheets and capital markets eventually get a vote. When volatility spikes and macro tightens, leverage stops being a personality trait and starts being a problem.

This isn’t the end of crypto. But it is a reminder that it trades like a high-beta risk asset when liquidity conditions turn hostile.

Relative Strength
RELATIVE STRENGTH ON A BAD DAY

On days like this, relative strength is the tell. Names that refuse to break while everything else is imploding are quietly advertising future leadership.

Watch stocks like DOCN, OPTX, LITE, VIAV, and PLAB. They’re not immune to volatility—but they’re holding up better than they should, which is exactly what you want to see before the tape turns.

The first bounce doesn’t matter. What matters is who doesn’t give it back when the market tries—and fails—again.

Federal Reserve
MARKETS NOT THE SAME SINCE WARSH PICKED

Trump’s nomination of Kevin Warsh changed the macro conversation fast. Markets are reading this as a signal for tighter discipline and stronger central-bank credibility.

The dollar is responding accordingly, and the fantasy of rates crashing back to 1% is fading by the day. That shift alone explains a lot of today’s carnage in software, crypto, and speculative growth.

When the cost of money stops falling, narratives built on “eventually” get exposed. This is the environment where real balance sheets and real cash flows start to matter again.