The Boom Behind the Data

January 16, 2026 • 1 minute, 7 second read

Data center demand is more than Nvidia and AMD chips. Demand for electricity is disrupting the energy market. By 2030, U.S. data centers will require 10% of all the juice generated in the U.S.:

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Not theoretical anymore, the data center buildout is creating massive demand for electricity. (Source: IEA)

Anecdotally, we’re hearing stories of warehouses full of GPUs sitting unused for lack of energy to power them. It’s a natural feature of the heavy capital investment in new machines. The grid has to catch up!

While Trump’s great reset rolls on in 2026, keep an eye on modular nuclear reactors and increased demand for uranium, natural gas and related resources.

~ Addison

P.S. The replay of yesterday’s Grey Swan Live! with Shad Marquitz is up on the site. Paid-up members can check it out here.

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With gold over $4,600 and silver over $90, it’s clear that there’s a metals mania. Shad gets down and dirty answering critical questions on how to play a choppy market for gold, silver, the miners and royalty companies on the way up… the secret to riding out pullbacks… and critically, how to deal with sharks in choppy waters.

If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

Ripple Effect

The Boom Behind the Data

Addison Wiggin

January 16, 2026 • 1 minute, 7 second read

AI data centers power

Data center demand is more than Nvidia and AMD chips. Demand for electricity is disrupting the energy market. By 2030, U.S. data centers will require 10% of all the juice generated in the U.S.:

Turn Your Images On

Not theoretical anymore, the data center buildout is creating massive demand for electricity. (Source: IEA)

While Trump’s great reset rolls on in 2026, keep an eye on modular nuclear reactors and increased demand for uranium, natural gas and related resources.

~ Addison

P.S. The replay of yesterday’s Grey Swan Live! with Shad Marquitz is up on the site. Paid-up members can check it out here.

Turn Your Images On

If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.

“Dispersion Rising”

January 16, 2026 • Addison Wiggin

Economists at Goldman Sachs said this morning they expect core inflation to finish the year around 2% even while GDP rises at a “surprisingly strong” 2.5% clip.

In our view, their inflation forecast is optimistic. Their GDP call? Modest.

The last time we pumped this much liquidity into the system — 2020 through 2022—the result was a manic asset bubble, runaway inflation, and an epic hangover at the Fed.

Goldman’s optimism has triggered a fresh round of bullish bets: cyclical stocks are rallying, “dispersion” in the S&P 500 is spiking, and the Fed is expected to cut interest rates twice before Jerome Powell gets kicked out of Washington at the end of his term on May 15.

The Economics of Precious Metals Stocks Today

January 15, 2026 • Shad Marquitz

These PM producers are literally printing the most ‘hard money’ that they ever have at these metals prices and record margins here at the midway point in Q4.

If there ever was a time for this sector to get overheated and frothy, this would be it… only that isn’t what we’ve seen playing out.

PM producers are still insanely profitable at even at current metals prices and should be far more valuable based on their margins, revenue generating potential, and their resources still in the ground.

The Economics of Precious Metals Stocks Today

The Passing Parade and the Price of Admission

January 15, 2026 • Addison Wiggin

Who stipulated that politics and money have to be serious?

We do, in fact, write about money, the economy and financial markets. It’s to our own peril if we ignore the “passing parade” and its impact on them.

Populism as practiced by President Trump and the MAGA crowd is equally as pernicious, in our view, as the open worship of collectivism as expressed by Mamdani, AOC, and the progressive snollygosters gaining momentum among younger voters.

The system, as it were, is broken in all kinds of interesting ways. But we still have to live in it. And make decisions about our lives… our money… our families and our future.

The Passing Parade and the Price of Admission

The Silver Slam

January 15, 2026 • Addison Wiggin

Increased margin levels for paper trading briefly knocked down the price. Time will tell if this slam in the light volume of overnight trading will hold over the long haul.

“Dispersion Rising”

January 16, 2026 • Addison Wiggin

Economists at Goldman Sachs said this morning they expect core inflation to finish the year around 2% even while GDP rises at a “surprisingly strong” 2.5% clip.

In our view, their inflation forecast is optimistic. Their GDP call? Modest.

The last time we pumped this much liquidity into the system — 2020 through 2022—the result was a manic asset bubble, runaway inflation, and an epic hangover at the Fed.

The Economics of Precious Metals Stocks Today

January 15, 2026 • Shad Marquitz

These PM producers are literally printing the most ‘hard money’ that they ever have at these metals prices and record margins here at the midway point in Q4.

If there ever was a time for this sector to get overheated and frothy, this would be it… only that isn’t what we’ve seen playing out.

The Passing Parade and the Price of Admission

January 15, 2026 • Addison Wiggin

Who stipulated that politics and money have to be serious?

We do, in fact, write about money, the economy and financial markets. It’s to our own peril if we ignore the “passing parade” and its impact on them.

The system, as it were, is broken in all kinds of interesting ways. But we still have to live in it. And make decisions about our lives… our money… our families and our future.

The Silver Slam

January 15, 2026 • Addison Wiggin

Increased margin levels for paper trading briefly knocked down the price. Time will tell if this slam in the light volume of overnight trading will hold over the long haul.