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.
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.
Daily Boost 08.24.2021 Runaway Inflation Train?
It kinda feels like inflation is kicking in again. Bitcoin, Gold, Silver, Uranium are all seeing a bit of a rise. Is it a runaway train? Not yet. But we are coming out of the summer doldrums and we bought more of them today.
Daily Boost 08.23.2021 Sputnik and the Manic Monday
Uranium continues to creep higher as spot price rose to $33.50 thanks in part to the SPUT (Sprott Physical Uranium Trust) buying more of the physical commodity on the open market.
Today we sold calls / bought Energy Fuels ($UUUU), bought more Denison Mines ($DNN), sold calls / bought Metalla Royalty and Streaming ($MTA), sold calls / bought Innovio Pharmaceuticals ($INO), sold calls / bought Riot Blockchain ($RIOT) and sold calls / bought Canaan ($CAN).
Daily Boost 08.20.2021 Can you feel it coming?
As Phil Collins once sang, “I can feel it coming in the air tonight…” – is the reflation trade coming back? It feels like energy and precious metals have bottomed, and bitcoin is starting to rise again… but then again, look at Iron Ore dropping like a rock – who knows?
Today we bought Energy Fuels ($UUUU), Denison Mines ($DNN) and Transocean LTD ($RIG)
Daily Boost 08.13.2021 Bitcoin’s Back
With Bitcoin at $47,486 its back above its 30 day moving average and ready to rumble. Speaking of crypto we bought more shares of Canaan ($CAN) and Riot Blockchain ($RIOT) today, along with Energy Fuels ($UUUU), Denison Mines ($DNN), IMV Inc. ($IMV) and Platinum Group Metals ($PLG). We like Bitcoin and Gold here.
Daily Boost 07.29.2021 Boring Works
Well it was a snoozer day in the markets today. Equities flat. Still we wrote some covered calls on the usual uranium suspects – Energy Fuels ($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.