And the Commodity Inflation Winner Is...

Copper has now inflated to ten-year highs, trading well over $4.30 a pound as the green metal inflation is on.

Gerardo and I presented about that last week at a MoneyShow. You can check that out here.

 

In that presentation, we talked about not only copper, but platinum and uranium and rare earths and lithium — and all the metals that are needed for this so-called decarbonization or green revolution or whatever name you want to apply to it.

Copper names are absolutely ripping. I have readers of Foundational Profits in companies like Ivanhoe Mines (TSX: IVN)(OTC: IVPAF) below $2.00. That stock is at $9.00 this week — so we’ve made 400% returns there.

 

That's pretty good work in the copper space.

It was easy to see that coming. A lot of pundits out there now are pounding the drum on copper stocks, but if you were positioned ahead of time, you could have harnessed those gains before it was making headlines.

Let's turn to oil for a little bit now, which has consolidated down around $60 per barrel and looks like it wants to continue its inflation back above $60. I had told you that we were in the Energy Select SPDR (NYSE: XLE) starting late 2020, and sold out of that towards the end of the first quarter of 2021.

 

Now, I’m starting to look at oil and gas names again because commodities — whether clean or dirty — are inflating.

And then onto real estate, which is just absolutely ripping. I saw this week that two of the five hottest housing markets in the United States are Coeur d'Alene, Idaho and Spokane, Washington.

 

 

I happened to have moved to Spokane, Washington three years ago, a bit ahead of the trend as it were — as we try to be around here. Ahead of the cycle… the profit cycle.

The price of my house has inflated some 60% in those three years. You have the median price around here for a home well over $400,000. People are just being absolutely priced out of the market with not enough houses to go around.

With real estate prices rapidly inflating, I should also tell you about a company called RESAAS Services (TSX-V: RSS)(OTC: RSASF) that I recommended to premium readers a couple of weeks ago. And we've already doubled our money. 

 

This is a so-called property tech or PropTech company. I refer to it as the Facebook of real estate agents. But it connects real estate agents in a platform and allows them to share leads and reconcile commissions and other things.

And a gentleman by the name of Randall Miles from eXp World Holdings (NASDAQ: EXPI) just joined the advisory board. eXp World Holdings, if you look at that chart, went from a dollar to $90.

Now, RESAAS Services has doubled here in the past couple of weeks, and my readers were able to benefit from that.

 

And then lastly, turning back to energy, but in a clean form. What you've had here is a pullback in the NASDAQ as the Dow and the S&P have continued on to new highs.

Tech names are struggling, including clean tech names, like Tesla (NASDAQ: TSLA), First Solar (NASDAQ: FSLR) and others.

So you got a bit of the clean energy baby thrown out with the NASDAQ bath water here.

Especially as announcements continue to come about decarbonization.

In the past week alone President Biden announced a goal to cut our emissions in half by 2030. And then he announced a goal to get the power grid to 80% renewables by 2030.

 

But the problem with that is where the rubber meets the road as far as having the ability to connect all those components of the grid.

And frankly, building those components of the grid with the natural resources that are needed…  like the lithiums and the coppers and the rare earth that I was talking about earlier… that the U.S. doesn't produce nearly enough of to be self-sufficient.

If we were worried about being dependent on Saudi Arabia for oil in the 1990s and early 2000s, well now we're going to be dependent on other countries for our energy sources if we're going to go entirely to batteries.

All that to say that I think there's some really quality clean tech plays out there, especially as it relates to improving the grid, reducing the costs of implementing all these renewable energies, and tying them all together in a way that reduces the impact of their intermittency…

So that you can deploy solar with a smart grid or a virtual power plant when the sun's not shining... or wind power when the wind is not blowing.

This is what’s going to solve one of renewable energy's biggest problems.

And like with previous transitions… many millionaires are going to be created in the process.