The (almost) 1% decline in the DXY (US dollar) index – due to alleged government support in the Japanese Yen – created a nice opening for commodities and stocks to run, and almost everything closed the week in the green.
- The top 3 best-performing commodities this week were:
- Silver : +6%
- Uranium: +5%
- Platinum: +4%
- The top 3 worst-performing commodities this week were:
- Nat Gas: -22.5%
- Lead: –8%
- Tin: -7%
What is this newsletter about?
- Uranium Insider Justin Huhn and I talked about the past, present, and future of uranium, and uranium stocks. I asked him whether he thinks this could be just another disappointing fakeout in uranium, like the multiple ones we’ve seen in recent past. He told me he doesn’t think that it is. We also talked about why the uranium equities have been lagging the price of the underlying metal.
- Adam Pierce, a computer programmer from Dallas, Texas, sent me an email a few weeks ago saying that although he has exposure to many different commodities he wouldn’t touch uranium stocks. In this week’s “Regular Portfolios”, I asked him to explain to me why that is.
- I went over a few interesting news articles from last week:
- Japan seems to be (allegedly) supporting its currency by selling yen-dollar.
- Indonesia tells tin industry to prepare for an export ban.
- UK, and EU inflation hit new all time highs, at respectively 10.1%, and 9.9%.
- Biden granted $2.8B for domestic battery metals producers.
- Liz Truss’ run as UK’s prime minister was outlived by a lettuce.
- Germany officially approved the life extentions of 3 nuclear power plants, until April 15, 2023.
- The next FED rate hike might be the last “jumbo” rate hike.
- And maybe a few more.
What to watch out for next week?
Next week is a busy one, with many large companies announcing earnings results, a lot of economic data, and a lot of speculations about what the FED will do the week after next.
- A few important happenings:
- China will be annoucing GDP data on Monday.
- The US will be announcing GDP estimates for Q3 on Thursday.
- Cameco will be releasing earnings on Thursday.
- ECB interest rates decision on Thursday.
- BOJ interest rates decision on Thursday.
Important Warning
Antonio Atanasov is not an investment advisor. Antonio Atanasov might own shares of companies mentioned in this publication. Companies mentioned in this video might be paying customers of Resource Talks. Always assume the speakers biased.
The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. It is also worth what you paid for it. If you’re not paying for the product, you are the product. Expect seeing advertisements – which will be verbally disclosed – in this video. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.
Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).
Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Reality often varies from people’s expectations. Managements like over-promising and under-delivering. If a manager was speaking in here, beware. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Company’s Annual Information Form, which is available on www.sedar.com. Reading the full disclaimer on the disclaimer page on this website is mandatory.
Video
Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.
