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Dear Reader,
Gold bugs are going to hate this.
Because the #1 commodity trade of 2026 isn't gold.
It's not silver. Not oil. Not lithium, cobalt, or any rare earth metal either.
It's something far more valuable — something you've probably never heard of.
The New York Times says it "powers the world's tech."
The New Yorker warns: "Without it, the global economy might well unravel."
This is the only material on Earth that can be used to manufacture semiconductor-grade chips…
There's no substitute. You can't manufacture it. Nature created it 380 million years ago. And America controls over 80% of the world's supply.
When Trump restricts exports — which he's signaled he will — it could trigger what Morgan Stanley estimates as a $10 trillion reshoring boom.
One former hedge fund manager has identified the companies positioned for the biggest gains.
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