Jamie Holman on How Wartime Footing is Forcing Capital Back into the Mine

Interview frames a rotation from growth/tech into real assets, with AI buildout increasing demand for physical inputs and infrastructure—supportive for mining equities and the broader commodities complex. The key tradeable takeaway is the narrative tailwind for capital flows into miners (including precious-metals miners) as institutions re-rate scarcity/real-asset exposure. While not metal-specific, it reinforces a risk-on bid for resource equities that can tighten financing conditions for new supply and lift sector beta to metals prices. Watch for follow-through in fund flows and relative performance of precious-metals miners vs. general equities as confirmation.