A Private Buywrite Fund focused on Uranium, Silver and Bitcoin Equities
Most of our issues were up today as we took an additional position in uranium company Energy Fuels ($UUUU) and the biotech firm IMV Inc. ($IMV) . Keeping an eye on Bitcoin, Oil, Gold and Silver here, but with the summer doldrums in full swing we’re not expecting any big moves.
Well it was a blah day today in the market. Bitcoin has cooled off a bit here at $38.032 as of this writing. We purchased more uranium today. Nice pop in Energy Fuels ($UUUU) at the end of the day, we’ll see if it holds. Price action in Transocean ($RIG) was weird today, but we are still bullish oil longterm.
We bought a bit of everything today: Energy (Energy Fuels $UUUU, Denison Mines $DNN and Transocean LTD $RIG), Crypto (Riot BlockChain $RIOT) and BioTech (IMV Inc. $IMV and Innovio Pharmaceuticals $INO)
Well it was a snoozer day in the markets today. Equities flat. Still we wrote some covered calls on the usual uranium suspects – Energy Fuels ($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:
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. $RIG holding strong.
Denison Mines ($DNN) announced some new expansion drill results at Zone C of their Phoenix Project. Here is the Press Release.
Denison Mines ($DNN) is one of our kinetic rockets.
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.
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.
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.
Denison Mines, one of our kinetic rockets, reported some drill results today, including some new high grade uranium mineralization four kilometers northwest of the Phoenix deposit. Drill hole WR-741AD2 also contained some high grade nickel. Here is the full press release:
https://denisonmines.com/news/denison-announces-discovery-of-high-grade-uranium-122721/