Daily Boost 07.30.2021 Hello Crypto?

As of this writing, bitcoin is trading at $41,745 – is it headed higher or a head fake? We don’t know for sure. We do know that our Riot Blockchain ($RIOT) calls made a late stage comeback this week and busted through strike… a sign of things to come?

Daily Boost 07.29.2021 Boring Works

Well it was a snoozer day in the markets today. Equities flat. Still we wrote some covered calls on the usual uranium suspects – Energy Fuels ($UUUU( and Denison Mines ($DNN).

We also sold some calls of Transociean ($RIG).

It looks like the precious metals complex – gold, silver, platinum may be waking up here.

Also, check out the cup and handle formation on biotech:

Daily Boost 07.28.2021 Fed Speaks Edition

So you’re telling me its not transitory?

Commodities are back in vogue – well at least for now.

Uranium is starting to glow again. Sold more Energy Fuels $UUUU Sept $6 Calls today. Bought some Energy Fuels $UUUU Oct $6 Calls today. Need a play on Dennys ($DNN) but its in no mans land. Tried writing some Sept puts @ $1 but not a lot of meat on that bone. C’mon Dennys.

Gold and Silver looking good here. Still love royalty cos like Metalla – $MTA – gonna listen to http://www.kereport.com/2021/07/27/metalla-royalty-streaming-a-shareholder-update-on-a-wide-range-of-topics/

Crypto seems to be headed higher but might be a head fake – who knows? Canaan ($CAN) was up like 15% today so there’s that.

We’re buying some Biotech cause why not. New position in IMV Inc. ($IMV) – they are battling Cancer and Covid – so thats awesome.

Oil looking slick. Pun intended. $RIG holding strong.

Boring Tankers.

Tankers are going nowhere fast right now and we like them. DHT Holdings, Inc. ($DHT) is our kinetic rocket for the sector. Here is a long-term chart depicting the ratio of the Nasdaq Composite to Frontline Ltd. ($FRO) another tanker company that has been around awhile:

As you can see from this chart, the Nasdaq has really outperformed tankers for the past 10 years or so… a trend that could start reversing itself in the future.

Elon pumps crypto, uranium remains nuclear.

Elon Musk sent crypto soaring today with his announcement that Tesla bought $1.5 billion in bitcoin. Also, uranium continues to catch a bid with stocks trending much higher today on the back of gains on Friday.

Our crypto kinetic rocket Canaan ($CAN) was up big today, along with our uranium kinetic rockets Energy Fuels ($UUUU) and Denison Mines ($DNN).

Finally, Denison did announce some ramp-up of its Wheeler River evaluation plans today here.

Energy Fuels had a day.

Was it the Uranium? Was it the Vanadium? Was it the Rare Earth Elements? We don’t know exactly, but what a day for Energy Fuels. Things seem to be looking up for this provider of elements needed to power the 21st century. Perhaps thats why it is our largest kinetic rocket.

Welcome Sandstorm.

Sandstorm Gold is a gold royalty company that we have liked for quite some time. We have been hesitant to take a position recently because of the stock’s impressive run up. However, now that the stock price has pulled back to the low $6 range we are jumping in. Sandstorm Gold is our newest kinetic rocket.

I read recently that gold royalty companies perform well later in gold bull markets compared to the miners. When gold rises in a bull market, so does the price of other commodities that are required to mine gold – such as oil. The differentiator for a royalty company vs a miner is that their costs are fixed and not variable – since their per ounce price is set when negotiating the royalty. So, when commodity prices increase, royalty company margins are protected.

We are excited to have Sandstorm as a new addition to our kinetic rocket portfolio.

Canaan feel the noise.

Crypto is surging today as Bitcoin has risen to $38,176. Our favorite way to play the crypto market is with Canaan, Inc. ($CAN) – a maker of super computers like the AvalonMiner 1246. Canaan, Inc. is one of our new kinetic rockets because from Bitcoin to Dogecoin they all need to be mined and what better way to do it than with a supercomputer.

Silver and Uranium back to earth, crypto catching a bid.

After yesterdays craziness with the #silversqueeze things are settling back to normal in the silver and uranium markets. Ho-hum. And what have we here? Is crypto catching a bid? Bitcoin is at $34,964 as I type this – interesting… we did see Canaan ($CAN) one of our new kinetic rockets and our crypto play move higher.