AI-能源 -太阳能-白银息息相关。 作者短期担忧白银价格看空，长期仍然有看多。 “Bottom Line The bear case is real in the short term. Tax selling, margins, dollar—these can hit you. But the structure underneath: London backwardation at multi-decade extremes Asia paying $10-14 premiums China export restrictions starting in 5 days Solar demand inelastic to $134 Copper substitution takes 4 years minimum 72% of supply is byproduct (can’t just “mine more”) Specs not crowded, ETFs accumulating metal, vol repriced This is where it’s fun. This is where it’s scary.”
https://x.com/abcampbell/status/2005124506130477500?s=46&t=qHoOL829qqxwoZuhwNIRpg
