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"I mean, these metals have seen an absolutely stunning rally this year, and yeah, they're all at record highs today. So this really boosts the companies that get these metals out of the ground. So stocks like Frisilla up 420% this year. Hawk Tiled, Endeavor also way up over 100% this year. There's a lot of safe haven appeal for precious metals miners. And we're seeing tensions in Venezuela between the Ukraine and Russia which boosts the appeal of these kind of assets. And with copper, it's also just soaring. There's worries over tighter supply next year and also the metal is used in new technology especially in things like electrification and in data centers which are obviously key for powering the artificial intelligence. And so you know the basic resources sector, it's up about 26% this year in Europe and it's one of the top performing sectors."
The commentary highlights a strong rally in precious metals and associated mining stocks, driven by record highs and safe haven demand amid geopolitical tensions and supply concerns. The speaker notes significant gains in companies like Frisilla and Endeavor, and points to copper's demand from new technologies as a catalyst for continued sector strength.
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