At U.S. Global Investors, thematic investing starts here. Through our award-winning research and Smart Beta 2.0 methodology, we educate investors on high-conviction themes ranging from luxury markets and precious metals to global airlines, commodities and aerospace & defense. If you’re a curious investor looking to explore the trends shaping tomorrow’s markets, we invite you to learn more about what we offer. Sign up for FREE research and explore our suite of products at usfunds.com.

SSR Mining (a stock we own!) is expanding its growth potential. The company has agreed to buy Roxmore Resources for C$6.75 per share in cash, adding the Converse Gold Project just 6 km from its Marigold mine. Marigold’s updated plan calls for 20 more years of mining and 4.63 million ounces of gold reserves. The nearby project could help SSR extend the mine’s life and create more long-term value. Follow along and learn more at usfunds.com.

Are you planning to travel this holiday season?

A Tesla Roadster that can fly?! Tesla (a stock we own) has investors paying close attention to its latest reveal... Shares moved higher after the debut, but can the momentum last? Production is expected to begin in 2028. Follow along with market moving news like this and more at usfunds.com.

Back in Zurich next month! U.S. Global Investors CEO Frank @bulldogholmes will deliver a keynote address at the Swiss Mining Institute on Nov. 18 at The Dolder Grand. Celebrating its 15th anniversary, SMI brings together leading investors and mining companies from around the world. We look forward to being part of the conversation on the global resources sector!

Global factories are the busiest they’ve been since early 2022. The JPMorgan Global Manufacturing PMI hit 53.0 in September, driven by AI infrastructure, defense spending and inventory building. The PMI has historically been a leading indicator for goods and commodities, and it’s flashing green! Learn more by visiting usfunds.com.

Worried about the midterms? History says don’t be. The S&P 500 has rallied in the 12 months following every midterm since 1950, according to a new report by @jpmorgan. The fourth quarter of midterm years has averaged a 6.6% gain.

CEO Frank @bulldogholmes had the pleasure of meeting with Guillermo Lasso, former president of Ecuador, this week. U.S. Global Investors was an early investor in Lundin Gold and continues to invest in the company, which operates Fruta del Norte, one of Ecuador’s most significant gold mines. In 2025, Lundin Gold supported more than 2,000 jobs, with Ecuadorians making up approximately 93% of its workforce, and contributed about $519 million in payments to the Ecuadorian government. Fruta del Norte shows how long-term investment in natural resources can support economic growth, job creation and local development. We remain optimistic about Latin America’s investment potential and the role responsible mining can play in economic development. Learn more at usfunds.com.

The airline industry is about more than getting from point A to point B. According to Airlines for America, every U.S. airline job helps support 9 other jobs, and the industry as a whole supports more than 10 million jobs nationwide. From manufacturing and research to tourism, airlines help power the U.S. economy. For investors, it’s a reminder of how air travel connects a wide range of industries. Learn more, including ways to gain portfolio exposure, at usfunds.com.

Freight rates are soaring, with supertanker earnings topping $1 million a day. But how long can the shipping boom last as shipyards ramp up new vessel orders? U.S. Global Investors CEO Frank @bulldogholmes breaks down what’s driving the surge and what it could mean for investors in his latest post on @SeekingAlpha: seekingalpha.com/article/495…

Okeanis Eco Tankers (ECO), a holding in our portfolio, hit a new 52-week high of $98.63. Shares are up 191% YTD and 234% over the past year, trading above its 50-day moving average. The stock move is supported by strong earnings, elevated tanker rates, high spot market exposure and robust dividends. Explore global shipping trends along with investment opportunities in this sector at usfunds.com.

A supertanker was just fixed at over $1 million a day. The cost of shipping crude is now six times what it was a year ago. Here’s what that means for shipping stocks, and why the cure for high rates is high rates: usfunds.com/resource/why-fre…

Copper extended its gains as stronger Chinese demand, low inventories and expected restocking after China’s Golden Week holiday continue to support the market. At the same time, labor disruptions in Chile, the world’s largest copper producer, are raising supply concerns and adding to the bullish outlook for copper prices.

From Japan and Australia to Europe and the United States, the world’s leading travel destinations reflect the continued strength of global tourism. Explore our countdown of the top 10 travel destinations of 2026 and discover what makes each country stand out. usfunds.com/resource/the-wor…

Happy Thanksgiving to our Canadian friends and family! Wishing you a day of good food, good company and plenty to be grateful for.

Gold doesn’t always follow the textbook. Yes, higher real yields can pressure gold. But history shows the relationship isn’t that simple. From 2005–2007, real yields were near today’s levels—and gold nearly doubled. In 2022, real yields surged more than 2.5 percentage points, yet gold ended the year essentially flat before beginning one of its biggest runs ever. History matters. The gold–yield relationship isn’t as straightforward as it may seem. Read the full article by CEO Frank @bulldogholmes on @Forbes: forbes.com/sites/frankholmes…

Where will you go next? Travel continues to connect people, places and economies around the world. For investors, that creates opportunities across airlines, hotels, airports and other parts of the global travel industry. Explore what’s next—and consider investing for the journey ahead. Start today at usfunds.com

Factories worldwide are humming. Spending on AI infrastructure and defense pushed the global manufacturing PMI to 53.0 in September, a 55-month high. U.S. output grew at its fastest pace since mid-2021.