/biz/ - Business & Finance

Remember:
CLF and UUUU are still great buys.
Also consider ET, it's getting slow steady growth so might be good for some ATM calls.

I'm in some MT and CLF. How's iron gonna be? Am I gonna be hard like iron (get it) all of 2021 too or what?

>>24823248
>I'm in some MT and CLF. How's iron gonna be? Am I gonna be hard like iron (get it) all of 2021 too or what?
It's looking great although China is making some noise about how they will crack down on 'artificially high' prices so that might spook the speculative pricing.

What are some good commodity tracker funds/etfs?

what commodities are people expecting will outperform the average going forward?

>>24823535
LAC, but IDK if this upward trend will continue.

>>24823535
>what commodities are people expecting will outperform the average going forward?
I think lithium (although it's not traded like a commodity) will have a long slow but uninterrupted growth cycle.

Rare earth elements will also have a great time.

Short term I think steel.

>>24823535
If the dollar eats shit, then all of them.

>>24823637
>LAC, but IDK if this upward trend will continue.
might LIT be a more stable growth choice?

>>24823637
really, why? commodities are still much lower than just a couple of years ago, and next year should be a perfect storm of a huge resurgence in economic activity combined with continued general inflation thanks to fed printing

>JP Morgan Chase & Co upped their VALE price target from $19 to $24.50 in a report issued Monday.
>The brokerage currently has an “overweight” rating on the basic materials company’s stock.
>JPMorgan Chase & Co.‘s price target suggests a potential upside of 49.30% from the stock’s current price.

Expect good price action today Cliffs, JPM sees 50% upside in this polluting hue miner

>>24823227
>CLF and UUUU are still great buys.
>Buying the fucking 5-year top

Lyl, what a POWERFUL investing strategy you've got there.

>>24823675
In the short term, it looks very stable and based, but on the 5 year charts, it has and undulating path. I would expect it to fall again to around $20 late next year, but I don't anything, maybe it will continue this insane growth and hit $100.
The obvious growth catalyst is the overwhelming acceptance of EV cars, however people tend to feel bad about lithium mining destroying the environment. Battery technology is also continuously evolving, right now it's some micro-ablated Li technology but in a year who knows what the battery meta game will look like.
Once my short term plays are over, I plan on investing in Li and rare earth in general.

>>24823769
Based, 60% of my portfolio is in VALE.

>>24823769
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/112020-us-auto-manufacturers-and-others-facing-steel-shortage

>"We are forecasting now that we will run out of inventory on some jobs by mid-January. We just can't get enough to build any inventory or safety stock. We are begging and appealing constantly for more tons and the orders we do have are all late, adding more stress," said a Midwest fabricator with automotive ties.

Thought I would give you something good since you've been getting FUD articles recently.

>>24823785
>he said as he held on to his decaying 13 contract put position for a $40 total gain.

>>24823785
>Lyl, what a POWERFUL investing strategy you've got there.
Yes

CLF CHEAPIES

guys CLF is below 13 is CLF the new GME guys AAAAAAAAAAAaAAAAAAAAAAAaAAAAAAAAAAAaAAAAAAAAAAAaAAAAAAAAAAA

CLF bros are we gonna be okay?

Nothing to fear guys. Now if you excuse me I'm going to grab a drink or three.

I can now excersize my UUUU put contracts for a $39 gain. Just wait until the market prices these bad bitches correctly.

>>24825989
>I can now excersize my UUUU put contracts for a $39 gain. Just wait until the market prices these bad bitches correctly.
What are your puts at, frienemy?

>>24826035
There the $3 January puts. I sold my calls for 80% at the top and bought puts because this company is shit. Ask is 0.50 right now for the contracts, I would buy some if I were you

>>24825989
$39 per contract or in total?

>>24826075
Total if I buy 1,300 shares and excersize. Break even is 2.87, and we're heading far below.

>>24826063
>There the $3 January puts. I sold my calls for 80% at the top and bought puts because this company is shit. Ask is 0.50 right now for the contracts, I would buy some if I were you
It's gonna bounce around, I would sell when you get a juicy dip and then buy more later

>>24826117
Big doubt. This was a blow off top, if the market even has a red day were dropping to 2.30 easy

>>24825739
we're already reCOOvering since I made this post, I'm such a pussy

>>24826174
Haha this happens daily dude

When do we expect wti to hit the $50 mark?

>>24826288

That's impossible to predict, but I suspect we'll see $60 WTI by summer 2021.

>>24823120
Yes

I wanna see clf chads losses he quit spamming

>>24826680
>I wanna see clf chads losses he quit spamming
He's on a spice rage bender

has silver become a commodity?

If a stock is listed on multiple stock exchanges how does it work?
I bought MT on the Amsterdam stock exchange instead of the NYSE. Do their prices always match or? And is there ever a reason to pick one stock exchange over the other for the same stock except for maybe the trade conditions, etc?

>>24826153
if it goes to 2.30 I'll throw in the rest of my cash in my account which is 10k into shares.

>>24827374
>I bought MT on the Amsterdam stock exchange instead of the NYSE.
I've never done intra market trading but I believe you can transfer stocks from one market to another which gives some equilibrium between the stocks in the separate markets. There's some ploy where people avoid exchange rates by moving stocks across markets and then selling them.

I want to say that was the end of the UUUU and CLF dips but everytime I say that I end up with my cock in my mouth.

>>24826717
>>24827475
I don't understand why Uranium would be mooning now. Yes we're going to have a shortage in a few years. Yes, they are building new reactors, but it took 5 years after 2008 for oil demand to recover. We should be experiencing deflationary expectations for energy demand, at least in the immediate short term.

>>24827597
because governments are stockpiling NOW before it runs out and covid shut down a lot of production facilities. same shit with the oil crisis, but there isn't a glut.

>>24827597
>I don't understand why Uranium would be mooning now. Yes we're going to have a shortage in a few years. Yes, they are building new reactors, but it took 5 years after 2008 for oil demand to recover. We should be experiencing deflationary expectations for energy demand, at least in the immediate short term.
I agree with you, but my belief in UUUU is only partly due to the long term outlook of uranium but also due to the expansions into rare earth.

>>24827597
You're correct which is why this is a meme "reflationary" trade and which is why it has topped out on hopium and my puts shall print.

UUUU webcast (now live):
https://produceredition.webcasts.com/viewer/event.jsp?ei=1413420

>>24827874
>UUUU webcast (now live):
>https://produceredition.webcasts.com/viewer/event.jsp?ei=1413420
Listening

Price going up during the conference call, this is bullish right?

>>24828226
yes, but watch out for pic related. they are currently holding puts in their RH accounts.

>>24827634
What's the catalyst timeline look like?
I bought the longest call I could, for July, some news or earnings pumps before then would be nice.

>>24828339
the two dudes holding the banner look like they're bored out of their minds and don't even really wanna be there

Loaded all I can in CLF

Robinhood says I've reached a limit they won't let me add more

>mfw all this dry powder in reserves

>>24828339
>yes, but watch out for pic related. they are currently holding puts in their RH accounts.
What are these body types called?

White mesa has a license already, fuck the injuns. This ain't Canada.

>>24828378
they're waiting for their payment so they can go buy some rubbing alchohol to get pissed on.
>>24828402
"Disgusting"

Heads up I posted a invitation thread on /an/, so head on over and bump with nature or animal pics/content.
>>>/an/3611804
I think a problem we have is we're very rare earth heavy in our knowledge base in these threads. It'd be nice to have some agriculture experts and other diversification.

Lest we forget, we could have all made good money off of lumber calls.

>>24828396
>CLF goes up, I make some small tendies
>CLF goes down, get to see this faggot lose everything

Feels good bros

>>24828626
what are they gonna tell us though
>BUY LEAN HOGS
we already know lean hogs control the entire market!

>>24825897
The news just got in. Yes, anon, it's going to be fine.

>>24828745
If anything somebody should open a boar hunting and butchery service.
https://www.google.com/amp/s/www.nytimes.com/2019/12/16/science/feral-pigs-canada-texas.amp.html

Guaranteed there's some stupid government regulation stopping wild boar meat from being a commercialized product.

>>24828339
wtf how come they're so fat? Too much gibs?

>>24828955
>wtf how come they're so fat? Too much gibs?
They switched from hunting buffalo to being the buffalo.

>>24829003
kek. unironically this + diabetus.

everything is coming back to the USA doesnt matter what party is in charge. Is X the best for a long term 5-10 year hold or are new players an actual threat?

>>24829102
You're going to need to elaborate. Also, only thing coming back to America is trillions of dollars of USD, as Biden continues to let the manufacturing base crumble while Waring for the NWO for expotenitial less and less returns in exchange for American blood. Invest in foreign Oil when that happens.

I won't trust Biden, and even less President Harris, to do what's right for the country. But they could surprise us.

As far as CLF goes, I can't believe I let gay bears give me FUD. Clearly it is still within the upward trendlines. Never sold.

>>24829366
my thoughts come heavy from this https://www.youtube.com/watch?v=p6lskdFH76M
its just cheaper and safer to do shit in the USA going forward because we have smarter workers and the last consumer economy on the planet. My question rephrased is
>will long standing US manufacturers be the big gainers or will new and smaller firms be the ones to take the mantel and expand into the specific categories that are growing without the overhead that the old titans need?
im speaking in very broad terms but will narrow down my DD from there

WHERE IS MT GOING??????

>>24829680
>>24829366
I forgot the most important point because the USA has the cheapest energy on the planet manufacturing will be cheaper and be attractive for firms to move into the states

>>24829041
>+ diabetus
Anon, I don't think having diabetus makes you fat. Being fat gives you diabetus.

Did you buy at 12.88?

>>24829680
>>24829851
I don't see what you see. The establishment trend is America becoming increasingly anti-export, and pro-imports. Trump was supposed to buck that trajectory, but very little was accomplished in his 1st term, and it looks increasingly unlikely he'll get a 2nd.

Biden is the establishment candidate through and through. Even his progressive supporters are pissed at his lack of support for "dem programs". The only institutions to gain in the next years will be the same players that gained in the last decade. The financial sector thrives while main Street dies, and the dollar becomes less and less desirable.

>>24830261
would biden really throw away the cheapest energy prices in the world and largest oil exports in the world? I betting they cant be THAT evil/corrupt

>>24830412
Think of NIMBY and apply it to anything "bad" like oil or mining or nuclear power. Guys like Biden want the oil but don't want the ramification of expanding oil fields, for example. Same reason we imported everything increasingly for the last couple decades. They don't care where it comes from as long as it's not here.

VALE $16 Call 4/16/2021
>$24.50 price target from JPM
https://thefly.com/landingPageNews.php?id=3212481&headline=VALE-Vale-price-target-raised-to--from--at-JPMorgan
>China economy is booming
https://www.japantimes.co.jp/news/2020/12/15/business/economy-business/china-industrial-output/
>China iron prices record high
https://www.cnbc.com/2020/12/11/chinas-iron-ore-prices-spike-10percent-to-a-record-high-on-supply-concerns.html
>Vale is the top vendor of ore to China
https://auto.economictimes.indiatimes.com/news/auto-components/chinese-steel-mills-chase-iron-ore-contracts-with-brazils-vale/65899489
https://gcaptain.com/vale-and-chinese-port-sign-651-million-deal-for-iron-ore-storage/
https://www.investopedia.com/articles/investing/030215/how-iron-ore-market-works-supply-market-share.asp
>Though China was the No. 3 iron ore producer, it was also the top importer, buying up 63% of the global trade. Japan was the second-largest importer, purchasing 8.3% of global trade, followed by South Korea at 5.1%
>China is currently in conflict with Australia
https://www.abc.net.au/news/2020-12-14/global-times-reports-australian-coal-exports-blocked-by-china/12983336
>China's The Global Times appears to confirm a ban on Australian coal imports amid perilous trade tensions
Equals China buys their ore from Vale, not from Australia
>Macro conditions
Every country in the world is printing money to try to get out of this SARS recession - more money chasing the same commodities = price of commodities soars
Every country will try to invest in infrastructure to create jobs and kickstart their economy (think of after the great depression)
>Tesla is in talks with Vale for nickel production for batteries
https://seekingalpha.com/article/4394688-vale-and-tesla-nickel-picture

Buy VALE calls! LEAPs if you can!

>>24830764
>VALE dark pool buying data
Big $$$ buying

I'm never ever going to sell my puts. U4 to $0!

>>24827597
UUUU is into Vanadium exports and other REE lately. Sounds like growth to me.

>>24830086
kek, that's what I mean, anon.
>>24831419

come join the options general lads, selling crude puts is the way to go

>>24830764
VALE being in Brazil is the only thing that worries me about this company over CLF

>>24832082
are Brazilians not good goys?

>>24832155
just higher risk

I drew these lines several days ago and UUUU is still performing in them, for the all the faggot bear losers that come in and say "well now it's dropping". Tea leaves, I know, but I believe in them

bampin' bread

>>24833125
Lol UUUU gonna gap down red tomorrow. Management is ecstatic that their options aren't worth zero, they're trying to cash out and buy a new car and take their wife to dinner off this rally.

How do we feel about SQM? The general consensus on being is that they sit on one of the largest lithium deposits in the world, but the rest of the business kind of sucks. I'm already holding quite a bit of RIO and VALE, so I'm not super convinced about going in on SQM. Wondering what you guys think about the company.

>>24833125
>>24834051
Who exactly has been shilling uranium that it's been seeing action 2 years too early? I know Macrovoices brought it up a few months ago, and /pmg/ even earlier. Is it really just algorithms seeing action from us small retail investors doing it?

>>24834709
>Who exactly has been shilling uranium that it's been seeing action 2 years too early? I know Macrovoices brought it up a few months ago, and /pmg/ even earlier. Is it really just algorithms seeing action from us small retail investors doing it?
It's not just uranium that is bringing up UUUU, but to address uranium: The stock piling is already starting, and production has slowed down due to suppliers cutting, there are labour issues in production. So uranium is partly expectation of the increase in demand and partly the decrease in supply.

As far as UUUU goes though, they are going aggressive for expansion into rare earth metals.

Remember we don't invest for what's happening today, we invest for future growth and profits.

>>24834051
>UUUU gonna gap down red tomorrow.
Please tell me you're shorting, that would make me so happy.

>>24834944
I'd say precious metals are 4-5 years into what will be a 8-10 year total bull market. Would you say rare earth metals are entering into their accumulation/stealth phase?

>>24834709
Kind of. It's an across the board reflationary mania. Go look at the small cap indexes, value in particular. These companies are all garbage and it's a bubble. Once small investors started pouring into commodities small caps it triggered the algos to take over.

>>24834975
My expiry is January. See you at 0 dollars 0 cents

>>24834709
could have been me. AFAIK I'm the only anon who was shilling it in /pmg/ months ago.

>>24835198
>My expiry is January.
Dear God you poor man. What's the strike? Please tell me it's $5 and not $3

>>24834975
kek. hello again, anon.

>>24834709
Uranium strategic reserve bill in US triggered algos waiting for the BIG rally with uranium.
This is way too early and it will correct hard at some point. UUUU might last a little longer to play on that catalyst directly.

>>24835438
>it's just a phase, bro
>y-yeah it'll correct. r-right, guys?
https://twitter.com/EmmanuelMacron/status/1336349111545704448
https://twitter.com/IntlAffairsDOE/status/1336735948370042880
https://twitter.com/DOE_NE1/status/1336856039342399489
https://www.kitco.com/news/2020-12-08/Last-uranium-mines-in-Europe-shut-down-over-insufficient-funding.html
https://twitter.com/BambroughKevin/status/1336356894236139522

>>24835367
>>24835420
>>24835438
I'm gonna take a fat dump all over smg with my gainz when this shit finally tanks

>>24835614
https://www.medicalnewstoday.com/articles/is-it-bad-to-hold-your-poop remember to stay regular, anon

>>24835585
I am not saying its a phase. I am saying its way too early. There was a similar false start in July. The actual uranium futures are still immobile because of japan's reserves. And as long as they, more mines are likely to be shut down and profits disappointing.

>>24835614
>when this shit finally tanks
...said an increasingly nervous man for the 8th time this month.

>>24835761
>japan uranium reserves
who really started this meme? japan has 94,400 lbs of uranium in "reserves". UUUU has 663,000 pounds as of Sept. of this year. do you honestly think this price speculation is being driven up by retail?
https://filecache.investorroom.com/mr5ircnw_energyfuels/663/2020-12%20Corp%20Pres%20%28FINAL1%29.pdf

Any love for NEE?

>>24837070
NEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>24837321
based hololive crossy

>>24837070
Got nearly 8$ in NEE divvies today, practically a trillionaire.

CLF

How about PHO or CGW? Would these be good picks for tracking water as a commodity?

>/cmg/ is fucking dead

WHERE DID YOU ALL GOOOOOOO

How do I profit off of Albanian bunkers?

Jp morgan got the biggest fine ever but didnt do shit to the manipulation of silver. are commodities liable to be fucked with in a similar way?

i should probably unload these before earnings. thoughts on UEC compared to UUUU?

>>24841125

>>24826379
No shit, the dollar is dying and it will take more of them to buy oil right

Also vouching here for PLL, VALE and Cameco uranium. AG too

Cameco is a long for me, one of Canada’s leading exporters and I’ll flourish once Urainium inevitablly doubles.