MACD Histograms

Uranium slightly down

Uranium slightly down

Bitcoin slightly down as well

Bitcoin slightly down

Silver has rocketed but toppy

Silver looking good for next week, Uranium and Bitcoin a bit suspect.

Silver is looking good coming into this week. Here are a few of our favorites, Metalla Royalty and Streaming ($MTA) and Sandstorm Gold ($SAND):

Uranium is a bit suspect.

Here is Energy Fuels ($UUUU):

Bitcoin is looking a bit suspect as well.

Here is Sphere 3D ($ANY):

Summary: Next week should be interesting, we are looking for Silver to remain strong and Uranium and Bitcoin to potentially correct before heading higher.

Uranium… breaky or faky?

Uranium continues to grind slowly higher – is this the trend of something more longterm or a pause before another leg down? We will know more after the Cameco Conference Call tomorrow morning. Here is a chart of $UUUU:

MACD and RSI are curling up…

$ANY is backtesting its breakout and we will buy more at these levels. Bitcoin.

We are also buying some $SAND calls and continue to exercise some $DNN $1 Feb Calls

Taking a Shine to Silver

Silver caught a bit today with the MACD and RSI curling higher. We are looking to expand our position in Metalla Royalty and Streaming $MTA and take some initial positions in some of our favorite royalty plays like $SAND and $MMX.

Uranium continues to chop here – no clear direction up or down at this point. We will continue to write the calls on $UUUU at either $7 or $8 and expand our holdings in $DNN

Bitcoin looks good. We sold some calls in $ANY today and will look to add more common ongoing.

Sphere 3D adds some Miners

Sphere 3D ($ANY) entered into an agreement to acquire 60K NuMiner Bitcoin miners and their stock shot up after hours. They are definitely gonna bust our calls – which we will re-write next week at higher prices 😒

Will be interesting to see what happens to $UUUU and #uranium tomorrow as well…

Ruh Roh.

Facebook (or Meta?) ($FB) reported after hours and got whacked to the tune of -20%. Tomorrow could be a tough day for all risk assets including #uranium and #bitcoin. We will keep a close eye on $UUUU and $ANY. We are looking to write more calls on $UUUU and that will depend on where the price lands tomorrow. North of $6.50 we write the Feb $8’s (if there’s any juice left in em) and south of $6.50 we write more Feb $7’s.