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.
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.
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.