/biz/ - Business & Finance

Added Eurodollar University to the template, as per request (I also really enjoy the show). I’ll add Saxo Market Call next time since I just was reminded of it as I type this

>zoom out on UUUU
>its a dilutive minimg stock that kept having R/S
Feels bad man, I have $3400 in it. At least the 5y charts look more reasonable. Also its high IV for options so I can farm premium while waiting for it to shoot off

>>50206192
I have about 20k and Am down about 50%.. i was looking at the longer trend and it seems like we are at a historical demand zone around 4.60 to 4.85.

I was going to sell at 10+ multiple times but kept 2nd guessing myself. Fun times!

>>50206312
damn, you fomo'd bad
nonce

>>50206392
It’s all good, I dont need the money for anything at the moment. Not to say it isn’t a substantial sum for me, but I’m invested in a lot of other spaces and have cash reserves in tow once copper signals a reversal and thus a bullish tailwind for the rest of commodities

>>50206312
>>50206392
When it hit 9, I sold a 14 strike and when it hit 6 I sold a 9 strike. Got lucky.
My average is 6.10, and I sold a 6 strike recently since the prem would offset the difference in my favor (eg not sold at a loss).
Not sure how to play the current potential boom. Its not like we got unusual volume today. Maybe after this friday?

>>50206486
I shared some info late last thread on the *potential* EU inclusion of Nuclear, seems like it will pass despite opposition from greenfags. But as we’ve observed in prior months, even the most bullish news in the uranium space hasn’t been enough to sway more investors into the space, and tightening money supply plus increased rates spells trouble for non-producers in the meantime.

Through all this, the fundamentals remain in tact and I’m fully of the belief we will be returning to ATHs in U308 spot and URNM in due time.

>>50206870
Not going to happen. CIA dirty tricks will make sure nuclear stays dead.

We had a nice rebound yesterday led by copper and zinc, with modest gains in gold, silver and oil.

Looking at the copper chart (on mobile, can’t do tradingview chart), it seems as though this nice bounce could be sold on the rip and allow longs to liquidate back down to $3 demand zone. $3 for me would be a signal
to begin adding to positions in other industrial metals as I would think a bounce would occur back towards $4+ and indicate inflation/ risk-on and therefore commodities in general are back on the menu.

We have CPI, PPI, retail sales and other important metrics being released next week that might give copper traders some more conviction to take the price lower provided those numbers come in over consensus estimates and further justify Fed tightening which will bring about more trading illiquidity and recessionary downside for commodities.

Ole Hansen shared this, a quick look at which foodstuffs are performing month to date

This chart more less confirms my bear case for $3 copper. Each 22% drawdown in the metal has historically precipitated a near-immediate continued drawdown in spot price.

Sold out of some positions at minor loss to throw into less speculative spaces. I’m interested in:
>EMO.V
>BLLG (Blue Lagoon Resources)
>FIL.TO (FILO Mining)

Are these good picks. Any stand out more than the other. ANy I should avoid like the plague? These are all at 52 week lows and the small DD I’ve done, lots of results expected in the coming weeks/months.

Thoughts?

>>50206192
I've told you guys for almost two years that encore energy is the best uranium stock in the entire space.

However, SMR is quickly nipping at it's heels.

>>50207576
Blue lagoon is the only good one out of those.

>>50207576
blue lagoon is as speculative as you should go. and its on a major firesale at these levels. something like a 23 million dollar market cap for everything they have going is comical imo

uranium bros... has our time finally come? i don't want to suffer anymore

Still holding SQQQ after the rebound, Red? Concerned at all?

>>50208149
>uranium stocks green
heh, like you needed to tell me

>still holding these silver microcap bags
fuck me

>>50208149

I think that at best we're going to get a momentary bounce and then we continue back down with the greater markets.
We haven't decoupled and won't do so for a good while.
But at least the fundamentals are getting stronger for the inevitable giga run.

BREAKING NEWS: Gold market rigged

https://www.bullionstar.com/blogs/ronan-manly/peter-hambro-bis-central-banks-are-rigging-gold-market-using-bullion-banks-paper-gold/

maybe Russian and Chinese gold markets someday will save us

>>50211276
it's nice to finally see zerohedge pet rock worshipers admitting they were conned

Anyone ever mess with long synth futures?

oil back up to $104 this morning. cheap gas is history, anons.

>>50211727
>buying physical when they manipulate paper is being conned
That double digit iq is working out well for you

Be honest did you anons really think that an ounce of shiny rock would go for more than $2000? I think $1500 per oz is a fair price for gold

>>50214052
ONE FORTNIGHT

https://www.mining.com/political-changes-boost-risk-for-miners-in-latin-america/
Did they get the order wrong on the most risky Latin American jurisdictions lol? Has to be the other way around, with Venezuela being the most risky and Chile still being the most safe according to the guys doing the list.

>>50206312
Shit. Im at 5.99. Hopefully over the summer get that down abit more

>>50214052
I'll buy gold for 1500 burgers. Where tho?
>sell
What would I want fiat? I wouldn't sell for any amount of fiat

>>50214052
When you factor in the USDs meteoric rise as of late, coupled with the risk-off trade we’re seeing, gold has held up remarkably. Bullish signal for me.

Of course there are recent geopolitical considerations that would make you wonder why isn’t gold well north of $2500, let alone $1800. Well I look at it as a floor for that element of the bull case since without the geopolitical risk being priced in, alongside the inflationary pressures that come with the ill-advised retaliatory sanctions levied against the worlds premier commodities exporter make for a solid tailwind for gold from here on out.

Nice, I love these charts.

Thank you President Retard!

Here’s the clip of Rothschild bank teller Macron explaining OPEC spare capacity woes to a bewildered Biden, in case anyone was wondering the context behind the thread thumbnail:

https://youtu.be/ltu6dmVbpWs

>>50214712
oh is that where they found the extra 8mm barrels of oil? i was wondering how you just "find" an extra 8mm bbls of fucking crude oil just laying around

>>50215242
I’m not sure what you are referring to, maybe Iranian supply? Otherwise maybe send a link to this 8m barrel story, I haven’t heard of this.

The chart basically shows we are at dangerously low levels on a historic basis, coupled with refining capacity restrictions this could get ugly.

Draining the SPR for pump relief and then subsequently giving out “inflation checks” really highlights the ineptitude of the Dept. of Energy, and by extension the Biden administration. It’s the same dilemma as price caps. Yea you’ll maybe shave some near-term pain off the consumer, but in the long run it discourages capital allocation into these sectors that desperately need the investment inflows. Exxon and the like will just continue share buybacks and cease new drilling programs since there was already enough headwinds for them with ESG without price caps.

>>50215435
https://www.reuters.com/business/energy/us-crude-inventories-soar-fuel-stocks-dip-eia-2022-07-07/

unexpected 8mm bbls added to inventory this week

NATURAL GAS BROS WTFWT

>>50215798
Apparently we have random people on CEO.ca contacting some of the industries most well known players and telling them to buy Trillion kek.

It’s up 17% today, was hoping for a fall below .20 for another entry but oh well.

>>50215866
I've been holding Trillion this whole year through all this volatility. was up +60% at one point, now up 5%. dont care, not selling

>>50215798
>NATURAL GAS BROS WTFWT
bunch of racists

It is kind of funny how Macron has taken on the position of "Leader of the Free World" since Biden is clearly not capable of it. Merkle tried doing this while Trump was President but it didn't really work out. USA isn't what it used to be.

Okay, I'm calling it: Snowline is going to crash hard in the next month or two. There's pretty much no reason that it should have held up anywhere near as well as it did during this whole downturn. Then it pumps up even more while gold crashes on practically no news, and the news was lukewarm at that, where other companies have tanked or failed to hold onto gains after amazing news (LionOne). This sucker is heading for a near 50% drop within the next 5 weeks.

>>50216178
thank u ace !!! godbless

>>50208401
I dumped it two days ago. Chart went against me. $500 loss

yields starting to pump again. last time the 10yr pumped to 3.50 the stock market took a hit

>>50215798
NEVERMIND IT'S RUGGING

Athabasca is in a continued downtrend. You can see on the orange swinglines we have a series of lower highs and lower lows. We are embedded on the RSI and can expect this trend to continue. We bounced off the lower bollinger band as expected the other day which acts as a soft resistance and is also where people shorting the stock would have taken profit. The 100 day moving average (green) is overhead resistance. I would expect this stock to continue falling. My target for purchase would be the confluence of supports forming with the blue support line, the lower Bollinger band, and the 200 day moving average. I expect to be fully positioned back in this stock within the next week.

>>50216867
The wrong chart got uploaded, that is from last week, this is the correct one.

>>50216867
>>50216892
Pretty cool though i accidentally loaded last weeks chart because you can see the technicals being proven. This technically is a cool chart too because you can see the 100 being tested, back tested, and then broken on the second attempt. While charting isn't always right and really only about 60-80% accurate, it isn't the tea leaf reading people say it is.

OIL.

I think this chart is self explanatory but i'm happy to go more into it if anybody wants. I think we're in a falling wedge pattern which usually result is sharp upwards reversals. I see that reversal happening soon as there is a confluence of supports coming on the chart, the blue support lines, the orange trend lines, and the 200 day moving average. I think the lowest we'll see oil go is about $87.26 however on the weekly chart there is a 50 day moving average coming of about $90.

I think overall this chart is saying the downside momentum of oil is running out of steam and we can expect a sharp upwards reversal soon.

>>50217088
Here's a longer term chart so you can see my hypothesis better.

>>50217155
We are approaching the 200 day average though and this is the wild card.

>>50217088
so a -10% pullback yet to come basically. thats what i've got on my USO chart

>>50217445
From current prices yeah and then at that point I'd be looking for upside breakouts.

>>50217476
what do you think about SPY? i'm showing ~320 by December '22 at current trend

NASDAQ

I'm gonna post a couple charts on this one. Only thing to note on this image is that it looks exactly like the typical pump and dump formation. This is a long term weekly.

>>50217543
Here's my spy. I think downwards until the 200 day moving average at least.

>>50217543
so i'd agree with that.

>>50217578
well technically thats SPX but it looks like you're at about 3200 by EOY so for SPY that would be 320

>>50217624
My mistake. I think on that chart the pre covid high is going to be a very strong resistance. We will have to see what will happen. i think those levels will definitely be tested. i don't know if it will go all the way to 320 in one move, might be a backtest scenario but the chart implies it will happen. All i can say right now is I definitely think pre covid highs will be tested.

Here's my nasdaq. I think we're going to pre covid highs as well, very similar setup to SPX/SPY. I think the Nasdaq is showing a false breakout right now against the converging 50dma and upper bollinger band. I am not comfortable shorting this at the moment as it is above the 18day MA. but i would like to have a short position as we start moving down to that pre covid level.

Why did I buy uranium

>>50217544
I think that pump dump chart is exactly what's going to happen.
We're going to get some few months long bear market really that's going to make everyone think the worst is now over and all retail money from sidelines jumps back in.
But 2023 things will completely shit the bed as everyone realizes nothing has really been fixed and everything just got worse while the markets rallied.
Which is why I'm probably going to be selling during the next major rally, because I don't think there's going to be any real reversals before the markets get completely rekt and fall far under pre covid highs.

>>50217807
i thought about the pre-pandemic high, but its only 1 touch - there is no prior trading support around the pre-pandemic high , so i used the long term trendline instead

interestingly, for QQQ - the prepandemic high is LOWER than the long-term trend, but for SPY, the prepandemic high is HIGHER than the long-term trend, suggesting that QQQ has a 10% pullback to hit the trendline but SPY has a 20% pullback to hit the trendline

Eskay out with some new drilling results today, I’m sure PAN MAN can give us some more insight for those interested.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/456-tsx-venture/esk/124479-eskay-mining-discovers-multiple-new-vms-systems-across-its-consolidated-eskay-vms-project-golden-triangle-british-columbia.html

>>50218060
i am busy for a bit, i ll check their results when i can. New discoveries is never a bad thing, especially on territory in the Golden Triangle!

>>50218001
>>50218006
Gary savage is saying that NASDAQ is pumping and we are in bear market rally lol. I'll be looking at tqqq

>>50205857
IMAGINE HOLDING COMMODITIES HMBEFORE THE SHEMITAH IS OVER OML HAHAHAHAHAHAHHAHAHA LAUGHING AT YOU RETARDS KEK

>>50219191
if you short QQQ, 50% of what you're shorting are these megacap stocks in picrel. QQQ is 50% tech sector weighted, whereas SPY is only 28% tech sector weighted. SPY is *much* less top-heavy than QQQ. what to short depends on your preference. i'm not sure whether i want to short SPY or QQQ. based on the charts, SPY has further to drop back to the long-term trendline, but so far, SPY has been more resilient than QQQ, dropping -20% versus the QQQ's -30%

will the nasdaq continue to dump harder than sp500 or will the sp500 play catchup. maybe i should just short both of them 50/50 and not worry about it

>>50219191
i just watched his latest video and the trendline on his SPY chart looked off

>>50216162
Snowline had big news twice in the last week
>drill hole with 26 instances of visible gold from 19 m to 388 m depth
>raised $25M at a price way above share price

when that assay comes in they will pop much higher

>>50218060
Just reading the report and i ll get back as soon as i ve looked properly, just got back from chores.

Anyone else spot any news that i missed?

>>50220442
>>50219191
As for myself, I bought a call on SRTY in October and exercised it in February and made like $150 off it.
Now I'm considering some synth future spreads on YANG or something and having it expire in October... while inverse etfs are risky, puts have more premia than calls, so it's better to sell the puts and long the calls, then do it on an inverse etf (rather than long put and short call against a regular etf). Not sure if this is a good idea or not, I'm researching it.

We'll see how this week goes. I think the 15th is a pivotal day (with the 17th also being the 17th of Tammuz that occurs on the Sunday night, just in time for the market to shit itself.). Like based schizo said >>50219852, the Shemitah ends with the end of the September lunar month, so I won't really long before then. Patience is key.

Peter Grandich completely out of general equities, completely out of crypto, only holding and 100% long uranium, copper, gold, silver stocks

https://www.youtube.com/watch?v=PdvNGM9Wuz0

>>50214052
The USD is the reserve currency. It drinks up the world's milkshake before gold goes up.

>>50216867
I just want them to sell their Duvernay assets.

>>50224437
That's been our strategy for two years

>>50218060
Ok, to put it lightly, everything looks extremely good for their summer season. Eskay Mining's crews are doing a lot of leg work exploring the potential at Scarlet Ridge, and figure its likely just as good as the TV and Jeff prospects. All around fantastic news, lots of good looking material / results to work with. Cant wait to see the assays back.

Some great looking core coming from Ascot Resources too!

i dont listen to panman because he's too biased towards the upside

>>50224918
We're early bro

Atlas picking up the pace with news, if any bros missed the spinout details Atlas shareholders will get .3 shares of Triple Point Resources per Atlas share held

https://atlassalt.com/atlas-salt-prepares-for-planned-spin-out-of-triple-point-resources-ltd/

The fact that the DXY keeps going basically exponentially higher makes my butthole picker

>>50225524
true i am bias towards good news, but if its simply good news in general you cant really knock it. Eskay Mining's territory has excellent potential, however it is remote, costs to explore are way up compared to the last few years, especially anything require helicopter time. All juniors in my favorite territory are going to get hammered with costs this year, and it will for sure dampen exploration / outlook for the foreseeable future. Weather is another issue, were looking at a very wet cold summer here, so exploration work will have to work with this. It will hamper sampling and even drilling projects, especially if we have an early winter.

https://twitter.com/CRutherglen/status/1545259404970209281
>Preliminary data for $gold futures total volume shows that it formed its peak on Wednesday (Jul 6).

>If this is maintained into Friday's data, it would suggests the intermediate cycle low for gold will likely be completed no later than Monday (Jul 11).

Bump

>>50220442
I want to short tech stocks specifically.

>>50225863
Yup. Said it back then and still say it now. We will be on this ride every two of the way as normies take three years to catch up to us.

>>50226562
For free?!?

>>50226562
Can someone better at TA than me tell me if I'm an utter retard for wanting to buy into SALT right now?
I've been waiting for a pullback for a while but they seem indomitable while everything else is shitting itself, they've only gone higher.

>>50231438
This mindset is about the worst you can have when investing lol. Buy the top often?

Is this the bottom for gold and silver? Noticed they broke out of their respective patterns down lower, and wondering if this is signaling that equities will shit the bed here soon

>>50231094
Yep, free shares of at least 1 massive salt dome (Fischell’s Brook) that could be yuge for renewable energy storage

https://www.youtube.com/watch?v=hoaZqvdHguA

>>50231438
check out atlassalt.com and https://ceo.ca/salt It usually is risky to chase but averaging in buying any dips here seems like it could pay off big when you look at catalysts coming like the feasibility study. Their president previously built the biggest salt mine in the world (Goderich) for Compass Minerals and he thinks Atlas will be bigger with a 100 year mine life

>>50224437
>2.600 shares of UEC @ $2,83
but
>6.600 shares of Paladin @ $0,60
Guess I'm smart and retarded, still comfy

the reddittards have found Atlas, 1 year after /cmmg/

https://www.reddit.com/r/AtlasSalt_SALT/

>>50233399
>the reddittards have found Atlas, 1 year after /cmmg/
i dont own Atlas, but if it gets a retail pump from reddit, I would ride the wave for a day or 2 and take profits at the top. these retail pumps never last and sell off over the next week back to the original price, so you might as well take profits

>>50233399
>9 members
yeah ok redditors are coming bros

>>50233573
kek, they're just getting started, wait until Atlas hits $3 and it will be 9,000 members

bump

these fucking riggers are working non-stop against gold & silver. platinum, palladium and even crypto doing well today. I hope Putin and China destro the crimex

>>50237257
>destro
*destroy