| SYMBOL | EDGE (%) | SMALL TRADER NET (%) | FUND NET (%) | COMMERCIAL NET (%) | STANDARDIZED ODDS |
|---|---|---|---|---|---|
| BTG | 2 | 36 | -39 | -60 | 1.02 |
| CDE | 4 | 45 | -29 | -21 | 1.06 |
| DYLLF | 17 | 141 | -35 | -39 | 1.06 |
| EQX | 4 | 30 | -46 | -54 | 1.06 |
| FSM | 9 | 98 | -45 | -12 | 1.03 |
| EXK | 4 | 48 | -40 | -38 | 1.04 |
| HL | 0 | 6 | -14 | -39 | 1.03 |
| MUX | 4 | 89 | -9 | -50 | 1.04 |
| STTDF | 23 | 68 | -28 | N/A | N/A |
I added to CDE, EQX and FSM last week, as appreciable edges presented.
I waited 9 mos. for Standard Uranium to retrace and as it is sporting an edge of 23%, I am going to begin bidding.
General Market Commentary
| SYMBOL | EDGE (%) | SMALL TRADER NET (%) | FUND NET (%) | COMMERCIAL NET (%) |
|---|---|---|---|---|
| $DXY | -1 | -66 | -98 | -86 |
The Dollar remains a major sell, which is precious metals supportive.
Mossad once again successfully sabotaged Natanz this weekend, which is directly uranium supportive, when not much else is, contrary to broadly accepted misconceptions about all things supply-related. A keen ear would soon detect a strong correlation between interruptions to gray-market EUP and pricing. In case you didn’t know, we are in a war. There are good guys and bad guys. The bad guys are FSB proxy services (Basij) in the area of Badroud. And the good guys occasionally blow up the bad guys and their centrifuges thereabouts (Natanz). It’s a dirty business, but someone has to do it.
I own enough of Deep Yellow and don’t feel an urgency to buy the retracement, but again, I may take on more exposure through Standard Uranium, and its Sun Dog Project, specifically.
The major indexes ($COMP, $DJI, $SPX, $BKX) are sickly and there’s little to indicate that the hemorrhaging is ready to stop. The only exception is the Russell 2000, which appears to have put in a near-term bottom.
Banks look terrible, which is great. I am an old-fashioned rate warrior and am of the belief that the good guys could pull off a Greater Reset of their own by sending 10s-30s to 14%. Yep, I’m a major proponent of radical financial repression. Think that’s bad for silver and gold? Think again.
Housing looks like it’s peaking. I wouldn’t want to own any part of the sector. It was a good run. Book profits while you got ’em. Just imagine housing with long-term rates at 14%. Repression!
Biotech deserves a smashup and its getting one. Enough said.
Good luck this week, traders!
