Copper just hit an all-time high on the LME at $13,943 per metric ton. The mining-equity beta has not yet caught up. Zaid Khan, CEO of Manhattan Crypto Capital, on the ICOP $48, $40, $30 buy complex and the $75 target on the MCC research desk.

Gold trades at $4,720 per ounce. Miner margins sit at $3,000+ per ounce of production, the strongest cohort unit economics in a decade. Zaid Khan, CEO of Manhattan Crypto Capital, on the GDX $85, $70, $55 buy complex and the $130 target on the MCC research desk.