Post by
metalhead666 on Mar 20, 2024 4:47pm
RISK ON AGAIN!!! not this POS though....
I grabbed some gold stocks pre Powell....am loaded up on uranium and green energy....Powell had a chance to deflate the bubble but as expected bowed to the market and Biden. It is what it is and you trade the market you get not the one you want or the one that makes sense.
Looks like a few good weeks for gold miners coming up but I wouldn't touch anything run by a serial liar....you know who I mean
Rather stick with uranium where the "market" doesn't really matter and where there are shortfalls for the next several years...and a captive market of buyers who have no other choice. US producers like UUUU, UEC, URG, EU and UROY....they have nowhere to go but up for several years. Lots of catalysts too as the US looks to ban all Russian krap.
6% or more from green utilities that will rip once the hurricanes and heat waves and forest fires run wild this year....and the AI data centers use more juice than most countries
Still can't rule out the black swans out there....there's a flock of them but good chance to trade for some nice gains for a couple of weeks or so.
Comment by
metalhead666 on Mar 20, 2024 4:50pm
Silver might run....got some Hecla, Mag, EMX, NGD and IAU for a trade as something is fundamentally messed up with I-80....don't care...just going to be a trade. They'll all run again for a while
Comment by
goldstd69 on Mar 20, 2024 5:01pm
IAUX is one of my favorites...the only overhang are shares held by EQX....but with gold strong I think EQX will hold tight on their IAUX shares...just too much very positive going on with IAUX for 2024....look for a takeover this year...jmho dyodd
Comment by
metalhead666 on Mar 20, 2024 5:13pm
Could get bought out. The EQX overhang is there and the large shorts as well as a lot of share dilution to get all those projects and mill built. They took on too much and now have to JV Ruby Hill....I don't like underground mines as a rule but if gold goes on another run IAU should too. I've traded it many times. Would never hold it but don't mind trading it