Portfolio update April
Up 1,63 % for the month.
Up 29,4% ytd, 195% in a year🔥
Another difficult month and times to trade due to Trump and Iran war. I think the bottom is in for the metals and also #shipping🚢 looks good. #Oil#Silver💍 #Gold🪙💰 #Uranium#Copper#RareEarths
Portfolio update April
Up 3,3 % for the month.
Up 26,8% ytd, 249% in a year🔥
Difficult month and times to trade due to the swings in the Iran war. I am still fully invested in #Oil#Silver💍 #Gold🪙💰 #Uranium#Nuclear☢️ #Copper#RareEarths
New assay results from six additional drill holes at the Blackjack Deposit continue to demonstrate the scale, continuity, and high-grade nature of the growing gold system, with broad intervals of mineralization and multiple high-grade intercepts extending the deposit.
With six drills turning and a fully funded 60,000 m drill program underway, Sitka continues to advance one of Yukon’s largest and fastest-growing gold discoveries.
📰 Read the news release: https://t.co/Y7eG1MY9Km
$SIG.V $SITKF #SitkaGold #InvestYukon #Gold #GoldStocks #JuniorMining #RCGold #Tungsten
Gold and Silver were extremely stretched in January.
History pointed to about a 25% correction in Gold and +40% in Silver.
But now fundamentals are temporarily bearish.
This has nothing to do with Oil or a liquidity event. Real interest rates are rising and the curve is flattening as short term yields lead.
Good news is most of this is likely priced in.
Markets bottom before fundamentals turn.
Watch for a peak and reversal in the 2 year yield. That's when fundamentals are turning.
BREAKING: The EIA confirmed US Cushing crude oil inventories have crashed to 19 million barrels, the lowest level since 2014 and just 2 days from rock bottom where pipelines lose pressure and the strategic hub begins physical breakdown, with the US Strategic Petroleum Reserve falling another 9.1 million barrels to 331.2 million, the lowest since 1983.
The IRGC Navy continues to halt new permits for Strait of Hormuz passage, with only directly selected vessels still allowed through.
Gold and silver will go to extreme heights this bull market…. We have a long way to go.
The cheerleading and euphoria of months ago is now replaced with panic and depression. Doubt has crept back in.
We’ve completed a 50% correction. We get many of these in every commodity bull market.
As a result I’m spending cash buying my favourite commodity plays.
"We are probably the newest gold mining company on the TSXV, and one of the very few that don't have debt on the balance sheet, plenty of cash in hand, completely unhedged, which is also an interesting thing, because any company that has debt typically has to hedge." - Kelly Malcom, $BOGO.V CEO & Director
📺 Watch the May 2026 investor update with @adelaide_cap: https://t.co/kyZLP3kOo9
$BORMF #BorealisMining #NevadaMining #BOGO
$XAUUSD: Bears remain firmly in control as price grinds toward the A = C symmetry target, keeping short‑term pressure intact. This decline appears to be entering its final exhaustion phase, and I’m starting to build longs here, looking for the next 3‑wave move up.
#XAUUSD#Forex
Oil investment of $17.7 trillion required to meet demand in the long term.
Total cumulative oil investments to meet demand requirements add up to $17.7 trillion
(US$2026) for the period 2026–2050. For the upstream, investment requirements are assessed at $14.5 trillion. Downstream needs are projected at $1.9 trillion, and midstream at $1.3 trillion. This means that average total p.a. investment requirements are now seen at over $700 billion.
Download a copy ➡️ https://t.co/df6paUFZW0
@SitkaGoldCorp’s 60,000m drill program targets major growth at RC Gold—could the Yukon host another large gold district? 📽️ https://t.co/72uCyNvgSp
$SIG #Gold
Oil Tanker Booked in Gulf at 897% of Benchmark Freight Rate
A supertanker has been provisionally booked to transport oil from the Persian Gulf to India at a rate equivalent to almost nine times benchmark freight costs, an eye-watering price that reflects the shortage of available, empty vessels in the area.
The very-large crude carrier, capable of handling about two million barrels of oil, will be supplied by South Korea shipowner Sinokor at 897 Worldscale points, or 897% of the benchmark, according to shipbrokers. That fee ranks as the highest so far this year.
A message from the company received by shipbrokers on Wednesday and seen by Bloomberg News offered VLCCs for the loading of oil from Iraq’s Basrah terminal by June 24. It indicated it would pass through the Strait of Hormuz with the cargo. (Bloomberg)
Even more consolidation in the Jackup offshore drilling space. Both $ADES and $BORR have been on a buying spree last years. $ADNOC next to buy Jackups strategically (UAE)?
Jackup goldilocks ahead after the Middle East calms down imo. $BORR $ENH.OL
Gold miners are trading at one of the deepest discounts to the S&P 500 on record.
Fundamentals remain strong.
Prices keep falling.
This is what an accumulation phase looks like to smart money.
https://t.co/2cbnnBkfEd
A big step toward deploying a fleet of 10 AP1000® reactors in the United States happened today thanks to U.S. Energy @SecretaryWright, who announced up to $17.5 billion in federal loans for the purchase of the most complex components of new nuclear power plants.
Advanced procurement of these long-lead time items (LLIs) can accelerate construction and commercial operation by upwards of three years.
We’re proud to be working with the U.S. Department of @ENERGY's @DOE_EDF to strengthen nuclear supply chains, reduce costs and accelerate deployment of AP1000 reactors, the only fully designed and licensed advanced reactors operating in the United States today.
BREAKING: Physical gold-backed ETFs attracted +5.1 tonnes in inflows last week, the largest weekly inflow since mid-April.
In Dollar terms, investors bought +$1.1 billion, also the highest since mid-April.
This follows 4 consecutive weekly outflows, totaling -58.2 tonnes, or -$7.6 billion.
This brings the total gold ETF holdings up to 4,086.3 tonnes, in-line with mid-January levels.
By comparison, the all-time high was set in the last week of February, at 4,176.1 tonnes.
At last week's gold prices, this stands at $549.1 billion, 22% below the record $701.7 billion.
Gold ETF holdings are showing the first signs of a recovery.
@BankofAmerica make the point that China’s primary copper production fell year on year in May, which is very unusual… especially when global demand is strong.
China’s primary copper production fell, because they cannot find enough copper concentrates, scrap and blister feed.
All the copper raw materials supplies are in deficit.
The latest spot copper concentrate treatment and refining charges (TC/RCs) are a record NEGATIVE 220/22. In other words, Chinese copper smelters are paying (not charging) their customers $220 per dry metric tonne of copper concentrate and 22 cents per pound of payable copper contained in the concentrate.
Friends, this is the big one.
EDF has issued a $17.5B conditional commitment to finance the long lead items for 10 AP1000s!
This catalytic approach will accelerate commercial operation dates by 3 years