Silver – a mixed bag.
Bitcoin Mining – a mixed bag as well.
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 is a go $UUUU
Bitcoin is a go $ANY
Silver on the fence $MTA
and what? Tankers?
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
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 $ANY today and will look to add more common ongoing.
Sphere 3D ($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 $UUUU and #uranium tomorrow as well…
Facebook (or Meta?) ($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 $7’s.
Energy Fuels ($UUUU)
We are starting to see some green shoots in uranium equities like $UUUU. We are looking to see the MACD crossover next. We are looking to write the Feb $8’s tomorrow and buy more $UUUU, $DNN and $ANY with proceeds.
Sphere 3D ($ANY)
Bitcoin is showing some green shoots of its own. We will be looking to buy more $ANY here.