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FED resumes QE by another name. Metals scream higher. AIA Weekly Update 12.13.25

Source: Actionable Intelligence Alert | Date: December 13, 2025

FED Resumes QE by Another Name - Weekly Market Analysis

Key Takeaways

  • Federal Reserve restarted $40 billion monthly T-bill purchases under "liquidity management" despite claims it's not QE - effectively QE by another name
  • U.S. faces $9 trillion debt rollover in 2025, requiring massive monetization as rates would spike if sold to real markets
  • Metals markets responding strongly to QE signals - silver hit $65 futures, gold over $4,300, multiple metals making new highs
  • Structural deficit spending ($1-2 trillion annually) will continue regardless of political leadership until dollar collapse/monetary reset
  • Investment theme shifting from tech stocks to commodities/resources for multi-year outperformance cycle

Market Views

  • Uranium demand forecasts revised materially higher by Goldman Sachs while supply constrained - major supply/demand gap emerging
  • Silver bull market far from over with gold/silver ratio at 71:1 (historically tops around 30-40:1)
  • Copper targeting $10 according to industry experts, driven by underinvestment and rising demand
  • Platinum in "stealth bull market" at $1,756, historically traded at premium to gold (now gold at $4,300)
  • Commodities/mining stocks (XME) breaking decade-long underperformance vs NASDAQ

Assets Discussed

  • Silver: JP Morgan accumulated 750+ million ounces physical, largest stockpile globally, eliminated 200M oz short position
  • Gold: Trading over $4,300, Indian pension funds now approved to buy gold/silver ETFs creating new structural demand
  • Uranium: Goldman Sachs revised demand higher, supply declining, only China building 30 reactors vs minimal U.S. construction
  • Platinum: At $1,756 vs historical premium to gold, benefiting from hybrid vehicle adoption requiring more PGMs
  • Copper: Underinvested sector, Chile production struggling, deeper/lower grade mines increasing costs
  • China: Record $1.1 trillion trade surplus, gold reserves at $311 billion, deemed "uninvestable" perception changing

Notable Quotes

  • "Bottom line is you have an empire in decline that spends more money than it takes in every year and it's not going to stop doing that until the dollar is destroyed."

  • "If you think that in a $30 trillion economy, you could sell $9 trillion, you can roll 9 trillion in Treasury debt next year without interest rates spiking. You're nuts."

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