🛢 Energy & Commodities risk-off · 6–18 months
A what‑if from the future

What if a cluster of strikes at Chilean and Peruvian copper mines disrupts output and spikes prices?

A cluster of strikes and community blockades at major Chilean and Peruvian copper mines disrupts output, tightening supply and spiking prices, a labor-and-social supply-disruption scenario.

9%
our model probability
over 6–18 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 9% · 90% range 0–19% · 40 analogues · measured class labor 40% in 18 mo · 3% held back for the unknown
how we built this number — every step
Measured class rate — labor ≈0.3374/yr → 40% in 18 mo40%
Analyst prior · editorial share 20% of the class8%
Pooled · weight 87%9%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)9%
Published9%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a risk-off shock. A cluster of strikes and community blockades at major Chilean and Peruvian copper mines disrupts output, tightening supply and spiking prices, a labor-and-social supply-disruption scenario. The trigger decomposes into signed root‑shocks — Copper ▲ · Geopolitical risk ▲ · Industrial demand ▲ · Labor shortage ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1Volatility (VIX) VIXon Hyperliquid 📈 chartVol▲ +2.5%
hist -0.61–+7.06% · other way -9.61% (n=11)
2Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -0.9%
hist -0.63–-0.12% · other way +1.18% (n=11)
3Freeport (copper) FCX 📈 chartEquity▲ +0.7%
hist -4.46–+1.78% · other way +6.99% (n=11)
4Copper XCUon Hyperliquid 📈 chartCommodity▲ +0.7%
hist -2.38–+0.73% · other way -0.86% (n=11)
5S&P 500 SPXon Hyperliquid 📈 chartIndex▼ -0.6%
hist -1.37–+0.25% · other way +2.97% (n=12)
6Tech sector XLK 📈 chartEquity▼ -0.6%
hist -0.42–+0.62% · other way +1.76% (n=11)
7Gold XAUon Hyperliquid 📈 chartCommodity▲ +0.3%
hist -0.51–+0.36% · other way +0.44% (n=11)
8MicroStrategy MSTRon Hyperliquid 📈 chartEquity▼ -0.3%
hist -1.25–+3.39% · other way +18.52% (n=11)
9Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -0.3%
hist -0.4–+0.45% · other way +1.1% (n=11)
10Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -0.3%
hist -0.85–+0.24% · other way +8.19% (n=11)
11Lockheed LMT 📈 chartEquity▲ +0.2%
hist -1.22–+2.65% · other way -3.39% (n=12)
12Bitcoin BTCon Hyperliquid 📈 chartCrypto▼ -0.2%
hist -3.07–+1.11% · other way +6.77% (n=8)
13AMD AMDon Hyperliquid 📈 chartEquity▼ -0.2%
hist -2.5–+0.44% · other way +5.43% (n=12)
14Broadcom AVGOon Hyperliquid 📈 chartEquity▼ -0.2%
hist -1.5–+3.52% · other way +1.17% (n=9)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
Cash / hedgeRaise cash and hold the long hedges above; this scenario is net risk-off.
For a common-man portfolio: A typical stock-heavy portfolio is at risk. Consider trimming equities, raising cash, and a small gold hedge.
Also moves (not yet on Hyperliquid): Freeport (copper) +0.7% · Tech sector -0.6% · Lockheed +0.2% · Northrop +0.2% · High-yield credit -0.2%

Historical precedent — what analogous events actually did

Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

Gold peaks at $850 1980-01 Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 North Korea sixth nuclear test 2017-09 North Korea 'fire and fury' nuclear scare 2017-08 Egyptian revolution / Mubarak uprising 2011-01 Soviet August coup attempt against Gorbachev 1991-08 Silver Thursday 1980-03 Iran hostage crisis / US freezes Iranian assets 1979-11 Volcker Saturday Night Special 1979-10 1979 Iranian Revolution oil shock 1979-01 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 Israel strikes Iran — Operation Rising Lion 2025-06 China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 October 2024 Iranian ballistic-missile attack on Israel 2024-10 Gold tops $2,500 for the first time on Fed rate-cut bets 2024-08 Niger coup d'etat 2023-07 Wagner Group mutiny against the Kremlin 2023-06 August 2022 hot CPI 2022-09 Powell's hawkish 'pain' speech at Jackson Hole 2022-08 Tin hits nominal record on LME above $48,000/t 2022-03 Burkina Faso coup d'etat 2022-01 Turkish lira record low on rate cuts 2021-11 Mali coup d'etat 2020-08 Gold closes above $2,000/oz for the first time 2020-08 Saudi-Russia oil price war 2020-03 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 Bitcoin Cash hash war capitulation 2018-11 February 2018 hot wage print triggers rate scare 2018-02 OPEC abandons output defense, opting for market share vs US shale 2014-11 Gold futures velocity-logic flash crash 2014-01 Gold all-time peak of $1,921/oz 2011-09 Crude oil all-time high 2008-07 US airline stocks plunge ~40% on first trading day after 9/11 2001-09 Hong Kong defends the peg with sky-high HIBOR 1997-10 Tiananmen Square crackdown 1989-06 Chernobyl disaster 1986-04 1986 oil price collapse 1986-02 Reagan assassination attempt 1981-03 Soviet invasion of Afghanistan 1979-12 Three Mile Island partial meltdown 1979-03
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
Volatility VIXLONG+5.2% · 5d +8.5%70%29 0.35✓ matches cascade
XCU XCUSHORT-2.3% · 5d -1.0%69%27 0.31⚠ differs
AMD AMDSHORT-2.0% · 5d -0.5%70%34 0.30✓ matches cascade
TSM TSMSHORT-1.9% · 5d -2.5%65%28 0.22✓ matches cascade
XLK XLKLONG+0.8% · 5d -0.5% ↺ fades64%27 0.21⚠ differs
FCX FCXSHORT-4.4% · 5d -2.2%62%28 0.19⚠ differs
MSTR MSTRLONG+3.2% · 5d -2.5% ↺ fades62%27 0.17⚠ differs
AVGO AVGOLONG+3.4% · 5d -1.3% ↺ fades57%25 0.13⚠ differs
Gold XAUSHORT-0.6% · 5d -0.8%57%27 0.12⚠ differs
Bitcoin BTCSHORT-2.8% · 5d -4.0%57%22 0.12✓ matches cascade
High-yield credit HYGSHORT-0.5% · 5d -0.3%57%26 0.11✓ matches cascade
SPX SPXSHORT-1.0% · 5d -1.1%56%40 0.10✓ matches cascade
NOC NOCLONG+0.2% · 5d +0.1%55%32 0.09✓ matches cascade
10y yield DGS10LONG+8bp · 5d +5bp54%40 0.09·

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.