A top-down five-commodity piece — Prins rates no individual securities (her names are in the paywalled portfolios). The investable references are the commodities themselves; the Sprott Physical Uranium Trust is cited as a demand data point. The "At" link opens the article. Research: QT Qualtrim · SA Seeking Alpha · STK Stock Analysis.
| Ticker | Name | Research | View | What she said | At |
|---|---|---|---|---|---|
| Silver | Silver (commodity) | — | Positive | Re-accumulation phase after firm support near $70 — transitioning from liquidation to accumulation; as long as the $66 floor holds, the structural case stands, with a possible rotation back to $110+ on solar/semiconductor demand outpacing mine supply. | read |
| Uranium | Uranium (commodity) | — | Positive | The deficit shifted from theory to market-clearing reality — ~70-75 reactors under construction, SPUT aggressively back in the market, spot ~$85 with a Hormuz energy-security premium; a structural shift mining restarts alone may not fix. | read |
| Platinum | Platinum (commodity) | — | Positive | Three straight deficit years have depleted above-ground stocks >40%, leaving <5 months of demand cover; any 2026 dips (from ETF profit-taking) are likely blips in the long-term platinum story given underlying industrial/auto demand. | read |
| Gold | Gold (commodity) | — | Positive | The $6,000 frontier remains in play — its move past $5,000 reflected a fiat-value question, not a milestone; switched from "overbought" at the start of the year to "oversold" since the conflict while fundamentals (geopolitics, debt, trade wars) are unchanged. The anchor of the commodity supercycle. | read |
| Rare earths | Rare earths (commodity) | — | Positive | The concentration crisis persists — China holds >40% of reserves, ~70% of mining, >90% of separation/processing, 93% of magnets; recent europium/holmium export controls show these are geopolitical levers. Domestic midstream processing is the most critical, undervalued link. | read |
A macro/commodity appearance — no equities are rated; specific names reside in the paywalled Pulse Premium / Founders+ portfolios. "View" reflects framing, not a price rating.
A jargon-free summary of why each commodity is in the piece. (Plain-language companion to the table above; renders on each commodity's consolidated page.)
After its crash, silver has stabilized around $70 and Prins thinks it's quietly being bought back up ("accumulation"). She's watching the $66 line — as long as silver stays above it, the case for a big rebound toward $110+ holds, driven by booming demand for solar panels and chips that outpaces how fast it can be mined.
Uranium fuels nuclear reactors, and the world is building 70-75 of them while a big fund (Sprott's uranium trust) hoovers up physical supply. There simply isn't enough easy uranium left to meet demand, and the war added an energy-security premium. Prices are around $85, and Prins thinks the shortage is structural — not something a few mine restarts can quickly solve.
Platinum (used in cars, jewelry and industry) has run short three years in a row, and the stored-up "above-ground" supply has shrunk by more than 40% — under five months' worth left. Even if prices wobble in 2026 as some investors take profits, Prins sees that as a minor dip in a long uptrend because the real-world demand keeps coming.
Gold blew past $5,000 this year, which Prins reads as people losing faith in paper money during a time of war, debt and trade fights. It got temporarily "oversold" during the conflict, but none of the big reasons to own it have changed. She still sees $6,000 as reachable and calls gold the anchor of the whole commodity boom.
Rare earths power the magnets in EVs, defense gear and electronics, and China still dominates every step — most of the mining, over 90% of the processing, and 93% of the magnet-making. China occasionally restricts exports to apply pressure, proving these metals are political weapons. Prins says the biggest opportunity (and the most overlooked) is in building the processing step outside China.
Summary derived from the public (free) portion of the Prinsights Substack article for personal study. Not investment advice; specific picks are paywalled. © Nomi Prins / Prinsights for source material.