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What happened in commodities this week?
Almost all commodities, besides uranium, had a dreadful week.
- Copper: -7.65%
- Gold -1.47%
- Silver -4.59%
- Uranium +6.29%
- GSCI -5.39%
The dollar, on the other hand, had a green week.
- DXY +0.71%
What is this week’s show about?
Last week was an overall bad week for almost every market including stocks, and commodities. Uranium, however, was still running hot, and the uranium equities kept following, as the fundamentals for the yellow powder remain strong.
However, apparently, not everybody agrees with this recent spike in uranium. Chapman S. wrote in his recent blog post that “…it is unfortunate that those fundamentals simply do not support the recent price action. And without solid fundamentals, the Proven Reserves Risk Analysis and Mitigation Desk feels that investors may want to take a moment and look at the big picture. Effectively, the uranium market is rallying *solely* on narrative. Like sailing in a hurricane, the winds of that narrative can change at any moment...”
In this video, I sat down with him and pushed back on his assumptions.
In the “Regular Portfolio” segment, I spoke to Daniel Salomao, a medical doctor from Brazil, who shared with me his investing strategy as well as his top 3 favorite stocks of the current moment.
Lastly, I sat down with Nick Rodway, CEO & Founder of Core Assets Corp (a paying customer of Resource Talks), which despite the bear market in gold and silver has kept going up. Hype or fundamentals? I asked him.
Economic Calendar for Next Week
- Labor day for the US and Canada
- European Retail Sales (YoY)
- Previous: -3.7%
- Forecast: -0.7%
- ISM non-manufacturing PMI
- Previous: 56.7
- Forecast: 55.5
- Chinese Exports
- Previous: 18%
- Forecast: 13%
- Chinese Imports
- WNA Conference Starting Date
- EU Q2 GDP (YoY)
- Previous: 3.9%
- Forecast: 3.9%
- Japan Q2 GDP (YoY)
- Previous: 2.2%
- Forecast: 2.9%
- Canada Interest Rate Decision
- Previous: 2.50%
- Forecast: 3.25%
- ECB Interest Rate Decision
- Previous: 0.50%
- Forecast: 1%
- FED Head Jerome Powell Speech
- China August CPI (YoY)
- Previous: 2.7%
- Forecast: 2.8%
- Canada Employment Change
- Previous: -30.6K
- Forecast: +15.0K
Antonio Atanasov is not an investment advisor. Antonio Atanasov might own shares of companies mentioned in this publication. Always assume him biased. Some of the companies mentioned in this video and/or publication are paying customers of Resource Talks. More specifically, Core Assets is paying to be mentioned in this publication. The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. 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.
00:00 important note
00:10 Weekly performance overview
03:45 CPA calls uranium stocks overvalued, sells 90%
35:30 Regular Portfolios Ep. 3, the Brazilian doctor
51:15 Core Assets CEO interview
01:11:11 Economic calendar for next week
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.