The uranium spot price and mining equities have experienced a significant run since the pandemic lows-- largely due to SPUT purchasing from the spot market, panic buying by utilities at the beginning of Russia's invasion of Ukraine, and the prospect of Japanese restarts. But the days of going up multiple times over seem to be over: the spot price has been drifting...
Many bearish signals on the Oslo Boers right now-- at support on an ascending wedge, at neckline of head and shoulders (at a monthly lower high), top of h&s made an hourly double top against resistance that has been steeply rejected twice this year. NOKUSD is weakening temendously and maybe the European oil price cap is impacting the OBX's major holdings (Equinor,...
I'm assuming the current pattern isn't a bull flag, but instead is an ascending wedge that will break to the downside while still keeping a larger uptrend by respecting past support lines. Buy and sell points marked in chart.
Virginia Energy Resources VEGYF is a very interesting company, but it's unlikely that uranium will ever be mined in Virginia. Wyoming or Nevada are way more likely. For whatever reason it has been one of the best performing uranium stocks recently, and looking at the chart I can say two things about it: it will either a) reject from resistence and fall out of its...
I've scoured the internet for seafood companies to buy. There are fewer to choose from than one may expect. I found fewer than ten tradeabe stocks. The ones with the most exposure and liquidity are about five Norwegian salmon farming companies. Large cap Norwegian salmon farming companies such as Mowi ASA are all recovering from a lull in profits due to the...
I think ICD will do very well in this sort of a macro economic environment, with the commodity supercycle and the US's renewed focus on energy independence. That's probably why that short squeeze happened. So now that the squeeze has been squozed, the question is when to buy back in. I think $4 looks like the convergence point of a number of trendlines. A small...
There's resistence going back 5 years that has been broken and now the stock is resting on top of it. The price refuses to break below the 50% Fib level of the total chart pattern. Double bottom was put in during 2020. Now it's in a bit of a megaphone pattern, easily moving between $10 and $13 (and then maybe back down again?). As far as I can tell this is the...
After the CEO presented at an investor conference this stock experienced by far the largest influx of liquidity in its history. Not sure what they presented that was so exciting, but they are a very well positioned copper and gold miner in Chile.
Charted above is the ratio of the largest salmon farming company in the world, Marine Harvest or Mowi ASA, and the Nasdaq 100. I've been making multiple different comparisons with this sector and the broader stock market to try and figure out of the Norwegian salmon farming industry is being effected by the rotation of money that's occurring at the moment. What do...
Atlantic Sapphire ASA is incredibly beaten down, 80% from the highs only a year ago. Apparently they have a lot of debt due to expansion and demand for fresh salmon collapsed when restaurants and delis closed down during the pandemic. Now that the lockdowns are finally ending and now that Russian seafood is being sanctioned by the West, I think we'll see a return...
I have a hunch that the invasion of Ukraine a month ago triggered an accelerated rotation of money into certain commodity stocks that previously were not outperforming, such as uranium and nickel. Looking at a ratio of the most beaten down salmon farmer in Norway, Atlantic Sapphire (which is also the largest land aquaculture company in the world, but has a large...
AVLNF breaking resistence and possibly rocketing much higher (along with the rest of the sector). Up 50% in the past week and volume is at a 52 week high.
Collection of commodity, energy, and shipping stocks in the Norway ETF. Oil Fund will cycle exponential corporate profits back into equities, compounding the value of the stocks in the coming months. The rest of 2022 will look interesting.
Toro Energy TOEYF is in the same family of uranium exploration OTC penny stocks from the ASX as Bannerman, Lotus Resources, Boss Energy, Deep Yellow... but it doesn't get nearly as much love as they do (by which I mean it's very low volume). However, somehow, it has a pattern. My analysis is that the price will continue to move upwards in a stair step pattern...
Jushi Holdings JUSHF is my favorite cannabis stock. It moves with real uumph, multibagging into the stratosphere. Although it's been really dragged down since the high 75% ago. But I think its bottomed here at $3.00. You can see my annotations in the chart. It did break that support level recently but it looks like the price is refusing to go back lower than...
Elevate Uranium ELVUF is forming a daily bull flag. Buy point noted on chart. Great small cap African uranium exploration play. I prefer them over Bannerman and Deep Yellow, because they in fact own more deposits and the price action of the stock is always very healthy. They own a ton of deposits in Namibia and Australia. Used to be Marenica Energy, so I think...
Norwegian salmon farming is going to crush it this next year. Underinvestment (because of confused investors) and increased demand are set to drive up the value of mass producer salmon facilities in the 2020s. The gmo salmon farming companies in Norway are outperforming as commodity plays, while organic salmon farming and aquaculture biotech appear to be bouncing...