Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
A few more top-ups this week . The spread seems a lot more manageable
at the moment too. Up to 5m shares and counting. I've owned a LOT of
small mining stocks in my time, and its always a gamble, but this one does
seem to be ticking a few boxes right now.
Hi Guys, SK, All
I'm pretty excited to have bought into Alien last week. Although my Doctor
says I'm anemic, I've been more attracted to the silver play than anything. I'm just a sucker for
charts that have fallen off a cliff, then been trampled by a steamroller. Even so, the outrageous
acquis charges did make me think twice, and left me with a much smaller position that I really
wanted. I usually buy Canadian junior precious metals cos on the ventures exchange, which in
themselves can be pricey to trade, but Silver One and a couple of others nearly doubled of late
so cant complain too much. Unlike the Canadians though, I dont see this selling off much more
when the Nasdaq heads South. Maybe I just bought on a bad day - but is the spread really up around
30 % normally ?? !
Thanks Rae, your comments appreciated. In truth, I discovered bitcoin
miners when someone on a stockhouse or stocktwits gold stock board
suggested he didnt think the gold stocks would perform as well as the
bitcoin miners (which i'd never heard of at the time). These were wise
words indeed. I then had (by far) my best ever investing year in 2021 by
switching my gold positions into Argo, KR1, Mara etc .
Now its the turn of the bitcoin miners to 'act heavy' - ie not respond to rises
in crypto prices - hence I returned the favour I got in 2021 by opening people's
eyes here to an alternative kind of miner - the precious metal variety. If I say I
like Pan American or Newmont on the KR1 board, the results will be negligible
to put it mildly.
However, although I think we see BTC over $125k and Silver over $50 this cycle,
my honest view is that if interest rates stay flat or even rise shortly, 'Sell in May
and go away' , will be the best advice to forewarn of a 30 - 50 % drop in Nasdaq
stocks over 6 months leading towards Christmas.
This type of drop would doubtless hurt crypto (and gold ) stocks very badly, but
then, finally, and at long last, a fantastic rally in BOTH classes would ensue. In the
meantime though, a blow-off top in stocks could help silver to maybe $30-$33,
BTC to $85k plus, so thats why i'm still playing for now. If i was smart enough I'd
buy some in vogue alt coins for what I see as this mini but powerful run , but i've
already proved to myself that i'd only pick the wrong ones ! Hence I like miners.
Am hoping , that during the next stock sell-off, Solana might go sub $100 again.
I'd like to own that again. Despite some teething problems, its got the makings of
of an ETH slayer. Hopefully - if Gavin comes up trumps, the same could be said for
DOT, but I have frankly been a bit disillusioned of late. Sorry for being long winded,
but thats my true position, honestly stated. If the assumed interest rate cuts dont
happen, or even get reversed, i intend to try my hand at shorting tech stocks in a
small way, which is an undertaking thats easier said than done well ! Thanks for putting
up with me guys. it actually helps me cement my thoughts to put pen to paper
in this way , but will shut-up now for a bit !
Western Alaska not on my platform , but I do like the chart very much. Bought
Vizsla silver today. Not a cheapie but stellar drill results time after time. One
or two of these stocks have more cash on their balance sheet than their market
caps, which is kinda nice. I like stuff for free. Pan American Silver, although a
giant, is like that too. They have 500 million ounces in Guatemala and another
500m in Argentina. Neither mine in production , so the market discounted both,
which is fine. Just means you get a billion silver ounces for free when you buy the
shares. Funny how goldbugs dismiss bitcoiners ...and vice versa. The truth is...
surely plenty of room for both asset classes to thrive, in the present circumstances.
Thats why we can all take a leaf from SK's book. This was one of my best ever trading
weeks. But will it continue into next week / month / year ? Who knows......
N
Golden Minerals Co
$0.71
+$0.13
21.90%
NEWD
Newfoundland Discovery Corp
$0.030
+$0.0050
20.00%
UFO
Alien Metals Ltd
GBX 0.14
+GBX 0.018
14.58%
LOD
Lode Gold Resources Inc
$0.045
+$0.0050
12.50%
ISVLF
IMPACT Silver Corp
$0.24
+$0.016
7.19%
ASM
Avino Silver & Gold Mines Ltd
$0.81
+$0.059
7.85%
YOUR LISTS
year ?
Golden Minerals Co
$0.71
+$0.13
21.90%
NEWD
Newfoundland Discovery Corp
$0.030
+$0.0050
20.00%
UFO
Alien Metals Ltd
GBX 0.14
+GBX 0.018
14.58%
LOD
Lode Gold Resources Inc
$0.045
+$0.0050
12.50%
ISVLF
IMPACT Silver Corp
$0.24
+$0.016
7.19%
ASM
Avino Silver & Gold Mines Ltd
$0.81
+$0.059
7.85%
YOUR LISTS
Hi SK, my leaderboard today again dominated by juniors , not
BTC miners - none showing up at all. Whats interesting about
this is that the metals themselves slightly down today, whereas
BTC nicely up ! Aftermath a good pick, but already a double, so
I'm still looking out for overlooked winners...but my pot pretty
full now.....Still holding DOT and MSTR, but light positions as I'd
rather add on a sizeable dip.
LOD
Lode Gold Resources Inc
$0.045
+$0.010
28.57%
RAK
Rackla Metals Inc
$0.18
+$0.025
16.13%
SSVR
Summa Silver Corp
$0.60
+$0.080
15.38%
NSRPF
Novo Resources Corp
$0.13
+$0.014
12.36%
YORK
York Harbour Metals Inc
$0.10
+$0.0100
11.11%
OCG
Outcrop Silver & Gold Corp
$0.26
+$0.020
8.33%
YOUR LISTS
Another lacklustre day with my mining stocks, not sure why I bother with any of these. SVE
up 27 % yesterday, and a trifling 29 % today. Really about time I put my back into it and pick
some real winners for once. Dogwivhat, anyone ?
SVE
Silver One Resources Inc
$0.31
+$0.070
29.79%
GORO
Gold Resource Corporation
$0.65
+$0.14
27.43%
AUMN
Golden Minerals Co
$0.56
+$0.093
19.79%
AG
First Majestic Silver Corp
$7.51
+$1.08
16.71%
RAK
Rackla Metals Inc
$0.16
+$0.020
14.29%
FSM
Fortuna Silver Mines Inc
$4.57
+$0.55
13.68%
YOUR LISTS
have to own up and admit to jumping the crypto ship for the next couple of months or
so. the crypto market got ahead of itself pre halving imo. it might continue going
straight up, but i think i'd rather wait to see a major sell-off to clear the air. too many
youtube bulls for my liking too. as sk and i hypothesised, the silver market appears to
be on the verge of a breakout. none of the mining stock analysts really have their finger
on the pulse however. if the silver juniors begin to really break out , the gains will knock
the bitcoin miners into a ****ed hat. this means a lot of tedium though. 1500 or so junior
miners/explorers on the tsx ventures to trawl through...80 % of them are a complete bust...
but the top 5 % ....well that could be a very different story. its very easy to be wrong on these
though, like altcoins...so need at least about a dozen in your hodl bag. downside risk (if the
qqq keels over) is still there, but to nowhere the same degree as the btc players, who now
have quite a bit of flesh on their bones. i digress. a little taster of yesterdays price action, for
those not too fussy about where their next pay day coming from....
sve
silver one resources inc
$0.24
+$0.050
27.03%
I guess one important takeaway from the KR1 of late - if the dynamic duo
sometimes struggle to pick winners - how much chance do we stand of
doing it independently ? Very little most likely. Hence , with BTC - at least
bird-in-hand theory reduces the chances of a complete wipeout taking place !
Good to see the BTC hammering, a full 20 % correction this time. Much better this than
getting stuck at 70 k for 6 months going nowhere - ebb and flow is bitties lifeblood. Not
sure about adding SOL at this stage. Its already more than 10x on this journey - is it really
likely to 10x again ? I'm gravitating towards becoming mostly a wholecoiner , with a smattering
of high yield alts - even if they tank - rewards will hopefully compensate over time. Good to see
CORZ CEO and other insiders making hefty share purchases yesterday - the exact opposite of
RIOT etc, just strengthens my convictions in this stock. Pretty risky debt set-up, but I think risk
the order of the day when it comes to miner picks. Just keep position size within reason imo. Think
its a 'when' not 'if' bitcoin crosses the 100k mark. Japanese pension funds looking to add, lots of
new Hong Kong etfs on the way, bound to be some MSTR clones before long, even the UK thinking
of allowing some kind of ETN commodity type etf later this year too. Stock market meltdowns aside,
all looking good imo.
Lots to like about Polkadot and Gavin Wood. Co designer of ETH, which is one of the older tokens,
and doing very nicely nonetheless. Generally regarded as one of the best designed and most secure
networks, Polkadot code due to be embraced by Cardano, likely to be a big web3 player, about to
shortly bridge to ETH and KSM, Gavin one of the smartest minds in the game for sure, and if in any
doubt about this, suggest watching one of many recent podcasts and interviews, eg below. Oh,
and I nearly forgot - up to 18 % staking reward for node validators..
Interesting that miners selling off less than BTC itself today. This may signify at least a short
term bottom. As well as a MSTR top-up, which I see as a long term hold, and happy to buy tranches
down to $700, also bought some Core Scientific.
Having come out of chapter 11, with a very capable new CEO, this, the worlds biggest (by BTC mined
p.a) Bitcoin miner, has a tiny $600m mkt cap. A lot of debt yes, but a lot of new miners on the way,
and with $100k + bitcoin on the way, a couple of well timed dilutions should help fix this. Not a main
stream pick, but Core could be the big miner surprise winner of 24 ? Any thoughts on this !?
https://youtu.be/Yw3mQNJ5UJQ?si=1JAmKu2j1pqbHMcx
As planned, just ingested a small nibble of MSTR. I fully expect it to drop more, maybe even to sub
10 bucks, but longer term, expect this to become a Trillion dollar monster maybe 3- 7 years out. It
is THE Tier One crypto asset (imo) ! !
Its a good job that TIA was a big winner, or else KR1 would be struggling to maintain
a share price above 50p. The other tokens have under performed on the whole. The
emphasis now on yield, not capital growth. ie, this is a fund for investors with a long-term
horizon, who should do very well. The management dont participate in meme or fad
tokens, which would no doubt damage their street-cred. Maybe they do dabble in their
own private accounts ? The reason I stick around - I'm still a big believer in DOT 2.0 and
its satellites. One thing that does bother me a bit though, and havent heard it mentioned
here yet - the tokenomics for TIA not very favourable towards the latter part of the year, and I
do hope KR1 execute a reshuffle before then.
Hi SK, think we're almost on the same page - which is a rarity ! FETCH beyond my
paygrade - no idea sorry ! My alts centred around SOL, KSM and DOT, a tiny spash
of GLMR etc to spice things up, but I'm actually lightening right now to flip back
into BTC after a good run. Still hold some TIA, which I think / hope will bounce back
fairly soon.
Deleveraging event / Global liquidity crisis - nice terminology haha ! Gold and silver
charts looking quite aggressive - they damn well should, and about time. HUI gold
index ludicrously cheap vs metals, especially with crude sub 80 bucks.
I think sometimes about Barrick worth about 15 bn, with full scale mines in about
20 global locations, with a fleet of jumbo trucks at each, flotation mills, acid heap
leach etc etc , and then look at ETH at 500bn, or Nvidia at 2 trn, and really have to
wonder - what the hell is going on in this world ? If deleveraging happened, gold
much more likely than crypto to escape, or even advance, so gold / crypto is a good
risk / reward balancing act. Had a look through your royalty list, and opted to buy
Sandstorm. Small enough to grow / big enough to cope might sum it up. Good plan
to buy royalties for safety, mixed with juniors for capital gain, and big caps for stability.
Good plan, like it ! A bit wary of Rick Rule, have found some of his advice quite off target !
of monster
Thanks. Sandstorm worth a look as a cheaper more leveraged gold royalty co vs Franco.
I used to spend half my life checking drill results too ! Fun when your favorite junior hits
a glory hole and the sp triples in an afternoon....Phoebus - Saylor is the crypto Prince, has
a global fanbase, borrows money at 0.5 %, is about to get s and p listed, and bitcoin (thus
far) been much stronger than most alts...so its not as crazy as you think....(imo) ! I would buy
MISTR again on a juicy pullback.
Hey SK
I bought a little of the UK version of GDX, which has some Franco Nevada, did think
of adding an extra helping - you just reminded me thanks. Silver juniors are the big winners
long term - Fortuna, then Discovery metals etc...but only assuming silver breaks then stays
above $30k. My contention is - silver manipulated down by derivatives indirectly controls
the gold price. as they should run in tandem, if anything with silver leading. Silver was $50
in 1980, so has some catching up to do......
At least we are consistently heading North. This very much in contrast with BTC miners, who are rushing
around like the proverbial headless chickens. Have to own up to a cardinal sin. Bought some gold mining
shares - until miners get their act together at least. Gold and their miners generally despised, but a run to
$4k wouldnt surprise me over next 2-3 years. Had some 10 baggers on gold juniors back in the 2007-11 gold
rush. Who knows ? Starting with big boys - Barrick etc. Gold rush starts with them, then trickles down to the
juniors as the bull builds steam. Much less correlated to general market which is a bonus. Bit off-topic sorry,
but still long KR1 and very happy with its performance - as a crypto junior, it does exactly what i'd expect.
Thanks Lanz, that was useful. Ark and others have talked about Polkadot etfs. Looking at the
ETH gains of late, that would be of huge benefit to KR1. Interesting that a lesser 'ETP' for DOT
exists on the Swiss exchange, who are obviously a bit more progressive than LSE, its called ADOT.
Am taking a closer look at Galaxy Digital. Mike Novogratz has an interesting and impressive background
- having been an army helicopter pilot, and a Goldman Sachs partner. He is joining up with Invesco
to add more new crypto etf's - primarily in Europe. Being a TSX stock, though based in NYC, Galaxy
has a more appealing entry price than MSTR, COIN etc. Any thoughts ?
21Shares Polkadot ETP
CHF 4.79
74.24%
+2.04 1 Y
5 Mar, 14:26:00 UTC+1 · CHF · SWX · Disclaimer
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5 D
1 M
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May 2023
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1.50
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In the cold light of day, KR1 doesnt cater for fashion of the week. First the
AI crypto sector ran , now its the meme names that are at the forefront.
Because DOT a bit slow off the mark, its satellites have been extinguished
too. But look at the Solana moons - Bonk, Raydium, Pyth, Orca etc - all making
up ground quite quickly now that SOL has left the station. The next few weeks
should see similar action in the DOT stable. Alts like MOVR and GLMR can move
up 500 % in a week - when enough ducks are lined up. Still early in the cycle &
plenty of time to play catch-up.