Hi All,
First off, if you did not get a chance to read last weekās newsletter, please do. Almost everything I journaled actually played out, oddly enough. Secondly, Water is now trading in the Futures Market. I donāt know what sort of turbulent times lay ahead of us, but itās better to be informed and aware, rather than ignorant, in order to be well prepared.
Now letās talk Precious Metals as an Insurance Policy during uncertain times. We are definitely living in uncertain times at the moment. Iāve been looking more into how to diversify some of my portfolio into Precious Metals. There are various ways to gain exposure to precious metals. (1) Buy physical coins/bars (2) Buy Commodities in the Futures market (3) Buy mining stocks in the Equities market.
For me, #1 is inconvenient and #2, I donāt know how to trade Futures. By process of elimination, #3 wins. Here are the stocks on my radar.
Gold / Silver
Barrick Gold CorpĀ (GOLD) - I use this more as a health-check indicator on the Gold mining industry. Iām not planning to buy this stock.
AngloGold Ashanti LimitedĀ (AU) - I just opened a position here because I feel this stock is close to its bottom and has more upside than downside from here.
First Majestic Silver Corp.Ā (AG) - Iām more bullish on Silver than Gold. So last month I started accumulating a position here.
Blue Lagoon Resources IncĀ (BLAGF) - I just opened a position here as well, this stock seems undervalued at its current trading price.
New Found Gold CorpĀ (NFGFF) - Just watching this incase it gets beaten down.
Winston Gold CorpĀ (WGMCF) - About 2 months ago, this was the first junior miner I bought while researching small cap miners. By pure luck, it went up like 58% the day after I bought it. I sold it, but decided to keep this on my radar if it ever goes back to my entry point which was $0.09 or lower.
Eskay Mining Corp.Ā (ESKYF) - Another junior miner I would love to get into on a pullback, just to have diversity.
Copper
Copper has been on a rip since the March dip. I have no positions in Copper miners because I donāt like buying anything on the high, but I have added these 2 miners to my watchlist if we get any pullback in Copper.
BHP Group LtdĀ (BHP)
Rio Tinto plc (RIO)
š„ IPO Hotlist
IPOās Iām monitoring this week:
Upstart Holdings, Inc.Ā (UPST)
ContextLogic Inc.Ā (WISH)
āļø Watchlist
Here are the stocks Iām monitoring this week for swing trade opportunities:
First Majestic Silver Corp.Ā (AG) - Like I said, Iām more bullish on Silver, so keeping an eye on this.
NextEra Energy IncĀ (NEE) - The Energy Sector has been lagging for a little bit. But with all the uncertainty, Energy is an area I think is due for a reversal and has some upside. The only Energy stock I play is NEE.
Rocket Companies IncĀ (RKT) and Can Fite BiopharmaĀ (CANF) - These were in last wee'kās newsletter, but may have additional upside this week again.
šÆ Bitcoin
Bitcoin has been wobbling between the $17,000 - $19,000 range so far, will continue to monitor the trend. Iām thinking of creating a Bitcoin section where I will curate and share more content around Bitcoin and Crypto, more to come.
š Links
Why Silver Is Your Best Trade Right NowĀ - Stansberry Research
All-in gold doesnāt make sense; silver, crude oil are the real winnersĀ - Kitco News
Copper Rockets On Economic Recovery - Seeking Alpha
Goldman says copper bull fully underway, sees all-time high in 2022 - Seeking Alpha
Water Begins Trading on Wall Street in the Futures Market for Fear of Shortages - Entrepreneur.com
As always, this is not financial advice. I use this as a way to journal my thoughts and share with anyone else interested enough to want to read this.