Investment Recommendations - Apollo's stock is approximately 15% off year-to-date, with projected earnings and revenue growth of nearly 20% in 2026 [1] - FTA's spreads are expected to increase as rates decrease, potentially pushing its value above $200 [1] - The materials sector may benefit from lower rates, a cyclical impulse, and ongoing geopolitical tensions [1] - Opportunities may exist in areas related to precious metals, with gold receiving soft affirmation [2] - Uber reached a new all-time high today, approaching $100 [2]

Company Overview - Wallbridge is located along the northernmost Greenstone Belt in the Abitibi Gold province, directly along strike of Canada's largest producing gold mine, the Detour Lake mine owned by Agnico Eagle [1] - The company controls 830 square kilometers of prospective ground on the Quebec side of the Sunday Lake Greenstone Belt, covering approximately 100 kilometers of the projected trend of the Sunday Lake break, which is the same fault structure as the Detour Lake mine [2] Shareholder Structure - Wallbridge has strong supportive shareholders, with Eric Sprott holding 15% of the stock, Agnico Eagle holding 9.9%, and the William Day Construction Company holding 5.4% [3] - Insiders hold 0.7% of the shares, while the balance is held by retail shareholders [3] Board of Directors - The company has an experienced and diverse Board of Directors consisting of 6 directors [3]

Company Overview - Wallbridge is located along the northernmost Greenstone Belt in the Abitibi Gold province, directly along strike of Canada's largest producing gold mine, the Detour Lake mine owned by Agnico Eagle [1] - The company controls 830 square kilometers of prospective ground on the Quebec side of the Sunday Lake Greenstone Belt, covering approximately 100 kilometers of the projected trend of the Sunday Lake break, which is the same fault structure as the Detour Lake mine [2] Shareholder Structure - Wallbridge has strong supportive shareholders, with Eric Sprott holding 15% of the stock, Agnico Eagle holding 9.9%, and the William Day Construction Company holding 5.4% [3] - Insiders hold 0.7% of the shares, while the balance is held by retail shareholders [3] Board of Directors - The company has an experienced and diverse Board of Directors consisting of 6 directors [3]

Group 1 - The Global X Silver Miners ETF (SIL) has reached a 52-week high and is up 82.9% from its 52-week low price of $29.58 per share [1] - The Solactive Global Silver Miners Total Return Index measures the performance of global companies in the silver mining industry, with SIL charging 65 basis points in annual fees [1] - The recent surge in silver prices has contributed to the strong performance of SIL, driven by a weakening U.S. dollar, persistent supply deficits, and increased interest in precious metals as hedges [2] Group 2 - SIL is expected to continue its strong performance in the near term, indicated by a positive weighted alpha of 54.01, suggesting potential for further gains [3]

Market Performance - The Shanghai Composite Index fell by 0.36% [1] - The Shenzhen Component Index decreased by 0.53% [1] - The ChiNext Index dropped by 0.66% [1] Industry Trends - The AI industry chain experienced a general pullback, with CPO and AI application concepts leading the declines [1] - PCB and Huakun Zhenyu concepts collectively saw significant downturns [1] Commodity Movements - Precious metals followed the recovery in the futures market [1] - Traditional Chinese medicine stocks performed well [1]

Market Trends & Economic Outlook - US stock futures are treading carefully as bond yields have picked up, leading investors to scale back bets on Federal Reserve interest rate cuts [2] - The 10-year Treasury yield has added nearly 15 basis points in the past week, approaching 45% [5] - Traders reassess expectations for Federal Reserve interest rate cuts as price increases accelerated in June [5] - The market is closely watching President Trump's trade plans and potential tariffs on pharmaceutical companies and semiconductors, assessing their impact on inflation [6] - Bets on Federal Reserve interest rate cuts are fading as recent data has shown signs of sticky inflation, with core prices increasing 29% in June compared to the prior year [47] - Traders now see just a 52% chance the Fed cuts rates in September, down from a 70% chance seen just a week ago [48] AI & Technology Sector - Nvidia closed at a record high, above $170 per share, with plans to sell H20 AI chips in China [7] - ASML, a supplier of computer chipmaking equipment, said it may not achieve growth in 2026 due to macroeconomic uncertainty and geopolitical developments; shares fell more than 7% in pre-market trading [8] - The AI trade is considered to be in a 3-5 year bull market, but may be overheated in the short term [10][11] - Apple announced that it would buy rare earth magnets from MP Materials in a $500 million deal [46] Banking & Financial Performance - Bank of America reported adjusted earnings per share of 89 cents, higher than analyst expectations of 85 cents, with revenue at $265 billion [16] - Bank of America's net interest income for the second quarter came in at $1467 billion, above estimates for $146 billion [18] - Bank of America's trading revenue in the second quarter came in at $538 billion, exceeding the street's expectation of $494 billion [19] - Bank of America's investment banking revenue came in at $143 billion, slightly above estimates for $127 billion [21] Precious Metals Market - Silver has risen more than 28% this year, outperforming gold and copper [24] - Croup forecasts silver to continue to soar above $40 an ounce [24] - Central banks have been a huge determining force in their buying of gold, with over 1,000 tons bought in each of the last three years [31] - Trump's tariffs on copper threatening to be 50% on August 1st, we're seeing a lot of front running in this trade [28] Healthcare Sector - Johnson and Johnson reported second quarter adjusted EPS of $277, boosting its full-year sales outlook to a range of $932 billion to $936 billion and full-year adjusted earnings per share to a range of $1080 to $1090 [42][43] - The pharma sector is bracing for potential tariffs from President Trump [44] Impact of Tariffs - Rio Tinto said that US tariffs on its Canada-made aluminum have added $300 million in costs in the first half of this year [39] - Trump hit Canada with a 50% tariff on aluminum and auto parts in June [40]

Investment Strategy - The panel advocates for increased allocation to precious and industrial metals in investment portfolios [1]

Price Performance - London Gold's latest price is 3318.25 with no change [2] - London Silver's latest price is 35.77 with no change [2] - London Platinum's latest price is 1304.00 with no change [2] - London Palladium's latest price is 1049.00, down 22.00 [2] - WTI Crude's latest price is 64.92 with no change [2] - LME Copper's latest price is 9761.00, up 35.50 [2] - The latest Dollar Index is 97.70 with no change [2] - The latest Euro to US Dollar exchange rate is 1.17 with no change [2] - The latest British Pound to US Dollar exchange rate is 1.37 with no change [2] - The latest US Dollar to Japanese Yen exchange rate is 145.27 with no change [2] - The latest US 10 - year TIPS is 2.01 with no change [2] Trading Data - COMEX Silver's latest inventory is 15561.77 with no change [3] - SHFE Silver's latest inventory is 1270.83, down 5.97 [3] - Gold ETF's latest holding is 953.39 with no change [3] - Silver ETF's latest holding is 14866.19, down 50.88 [3] - SGE Silver's latest inventory is 1378.88 with no change [3] - SGE Gold's latest deferred fee payment direction is 1 with no change [3] - SGE Silver's latest deferred fee payment direction is 1 with no change [3] Data Source - The data in the report is sourced from Bloomberg, Yong'an Yuandian Information, and Wind [10]

Precious Metals Market Overview - Gold price reached 3325, showing a year-to-date increase of over 26% [1] - The market anticipates a potential double top for gold in the first half of the year, suggesting a need for a significant market shock to drive prices higher in the second half [1] - A $4,000 target for gold is projected, potentially materializing by 2026 [2] Performance of Other Precious Metals - Platinum is experiencing significant upward momentum, with prices hitting 1200 this morning and potential for further gains [2] - Platinum is expected to outperform palladium, which is also seeing price increases [2] - Silver is currently trading at 36 and is projected to reach 240 [3] Factors Influencing Precious Metals - Geopolitical factors and a worsening US budget deficit could provide further upward momentum for precious metals prices [3] - The second half of the year may not be as strong for gold compared to the first half [3]