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
Silver Technical Analysis

Great Technical Analysis on First Majestic ($AG) by Patrick Karim

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Covered Calls Silver Uranium

Covered Calls on First Majestic Silver ($AG) and Trump’s 2021 Budget for Uranium

Today I wrote some out of the money weekly covered calls on First Majestic Silver ($AG) as it was green and the calls were being bid up by the greed crowd. There wasn’t much in the red to buy from the fear crowd so I just sat on the cash proceeds for now.

Trump’s 2021 Budget was released today and he has allocated $150M towards domestically sourced uranium for nuclear defense needs. Rumor has it that this is just the start of the budget plans for uranium going forward and there will be such yearly purchase installments going forward as part of the Nuclear Fuel Working Group. But again, this is just rumor at this point.

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

Categories
Commodities Copper Energy OIl Silver Tech Uranium

Inflection point coming for tech / energy+commodities like silver, uranium, copper and oil

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Covered Calls Silver Uranium Vanadium

Denison Mines $DNN First Majestic $AG Energy Fuels $UUUU

Today I mostly sat on my hands, but bought some more Denison Mines $DNN and went fishing with some out of the money covered calls on First Majestic $AG and Energy Fuels $UUUU at the ask. No one took the bait. There’s always tomorrow. Write Green and Buy Red. Or, put another way: Write the Greed, Buy the Fear. Have a great evening.

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Silver

First Majestic $AG Alexco Resource Corp $AXU

My First Majestic $AG Jan 31 $11 covered calls expired out of the money today. I also bought more shares of First Majestic $AG and Alexco Resource Corp $AXU. Hi Ho Silver. Have a great night.

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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.

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Silver

Hard to bet against #silver

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Covered Calls Silver

First Majestic ($AG) Covered Calls

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Silver

Hmm.