Nomi Prins — May's Top Reads (monthly digest)
The monthly Prinsights round-up — a curated list of May's must-read posts (Hormuz/oil persistence, copper front-running US tariffs, Warsh's first FOMC, silver/rare-earths/firm-power) rather than a standalone analysis.
Monthly digest (no standalone analysis or rated names): a recap email linking the month's Prinsights posts. The framing for the month ahead — a potential US-Iran peace deal whose supply-chain/oil damage "persists for months" even if reached; Asian automakers building inventory to hedge disruption; traders rushing copper into the US ahead of a June tariff deadline; and new Fed chair Kevin Warsh's first FOMC. No securities table — the underlying picks live in the individual dated posts.
1. Key points — May's themes & linked posts
The month's recurring themes
- Hormuz / oil persistence. The world stayed focused on a possible US-Iran peace deal — but even a deal leaves supply-chain and oil damage in place "for months." Shipping data showed the Strait running at ~6% of pre-war traffic; multiple posts read the impasse (the tanker owner cashing in on the blocked Strait; "3 Sectors Profiting from the Chaos"; "What Hormuz Shipping Data Says About the Months Ahead").
- Copper front-running US tariffs. Traders moved large volumes of copper into the US ahead of potential import levies before a June tariff deadline — and Asian automakers built vehicle inventories to hedge disruption.
- Warsh's first FOMC. June framed as "one for the record books" — new Fed chair Kevin Warsh's first meeting, against "Central Banks Are at Odds and Out of Easy Choices."
- Silver & rare earths. A cluster of metals pieces — "The Silver Squeeze Just Got Real" (China's biggest silver grab in 8 years), "Silver's Best-Kept Secret," "Silver Analyst: We're Looking at Decades of Growth" (Jon Forrest Little), the "KEY REPORT: Aya Gold & Silver" site report, plus "Trump-Xi Summit: China's Rare Earth Leverage is Growing" and the Lula-Trump critical-minerals essay.
- Firm power. The grid-strain thread — "The Government Just Jumped In to Keep the Power On," "The Energy Giant Wall Street Hasn't Repriced Yet" (Pulse Premium), and "This $7.7 Billion Energy Signal is Just the Beginning" (the Fervo geothermal IPO).
- Housekeeping. The Rick Rule Symposium keynote (Nomi speaking), the "Moving Past the Noise" 2026-volatility interview with Gary Bohm (Metals and Miners), and the Founders+ Model Portfolio Semi-Annual Update.
Summary derived from the public Prinsights Substack monthly digest for personal study. Not investment advice; this is a link round-up and names no individual securities. © Nomi Prins / Prinsights for source material.