Categories
Shipping Uranium

Uranium and Shipping

Today I wrote some weekly out of the money covered calls on Cameco ($CCJ) as it was having another green day. I chased the bid rather than sitting on the ask, and in hindsight I should have been more patient. Live and learn.

I bought some more Energy Fuels ($UUUU) and Denison Mines ($DNN) with the proceeds of the covered calls.

As with Cameco mentioned above, uranium issues had a great day today. There seems to be some positive momentum with the sector which is a welcome relief to those of us who have suffered through the bear market for awhile.

Shipping issues were also up a bit today, and looking like they are stabilizing somewhat. Hopefully the worst of the coronavirus scare is behind us and China-dependent sectors like shipping and copper amongst others will start to rise again.

Remember, buy the fear, sell the greed, buy the red, sell the green. Have a great night.

Categories
Covered Calls Shipping Silver Uranium

Silver, Uranium, Shipping and the Nuclear Fuel Working Group

Today I bought some more First Majestic Silver ($AG), Alexco Resource Corp ($AXU) and Denison Mines ($DNN) with the proceeds I received from selling out of the money weekly covered calls of First Majestic Silver ($AG) yesterday. They were all in the red and on sale.

Cameco ($CCJ), Energy Fuels ($UUUU) and other Uranium names had a big green day today, perhaps on the back of some new news out of the White House that the Nuclear Fuel Working Group has proposed a 10 year plan to purchase 150M pounds of uranium per year for the next 10 years. I tried fishing with some out of the money covered calls on the Cameco ($CCJ) weekly, but no one bid my ask… such is life.

Shipping also had a good day today and most issues were solidly in the green including Nordic American Tankers ($NAT).

As always, buy the fear, sell the greed… buy the red, sell the green. Have a great night.

Categories
BioTech Copper Shipping Silver Uranium

#silver #shipping #copper #biotech #uranium

#Silver was in beast mode today – maybe it was #coronavirus, maybe it was the FOMC meeting yesterday, maybe it was just oversold?

#Shipping continues to get pommelled like a boxer in the ring with Mike Tyson – mostly due to #China and #coronavirus… however rates are still above average and companies should report good earnings here shortly

#Copper: pommelled too. #China #coronavirus

#Biotech is rocking for the same reasons above: #China #coronavirus

#Uranium: Nuclear winter.

No buys or sells today. Sat on my hands. Have a great evening.

Categories
Shipping

#Shipping

Categories
Shipping

#Shipping.

This is the ratio of the Nasdaq Composite to Frontline Limited (NYSE:FRO) (blue bar). The red bar is the moving average of this ratio.

Categories
Shipping

$STNG.

https://seekingalpha.com/article/4292835-scorpio-tankers-netflix-good-problems-podcast-trailer