A few weeks ago I published a “Bullish Pot Signal”:
MSOX i3 m1, turning long term bullish
Read an explanation of my scoring system by clicking here.
MSOX closed today at $3.31
Via slow accumulation I’ve lowered the average cost on my position to $6.72
I’ll scale up to a double position when it trades again above $4.50
Not planning on a 3rd position for the time being.
Today:
MSOX i3 m2, still turning long term bullish
MSOX closed today at $3.94
I’ll scale up to a double position tomorrow.
My previous comments still apply:
When a sector is so beaten down, with so many having abandoned it in frustration and losses, the upside is exceptional and often exponential.
Political winds slowly blowing in a favorable direction, though not without hiccups.
Patience, process, and prudence are paramount.
See what’s occurred in the better names in the cannabis sector since my June 20 bullish signal (marked by blue oval):
Trulieve
Cronos Group
Curaleaf
MSOX
AP News: China restricts exports of high-tech metals in a slap at Washington
China has just put in place its own export curbs on two rare metals commonly used in computer chips and solar cells. This expands the already complicated fight between the two economic powerhouses over high tech trade.
But Beijing has on the whole been slow to retaliate, likely on fears of expanding the tit-for-tat restrictions …
Too True: Top-quality roast of Greenpeace from French journalist
"For a long time to come, we will speak of Greenpeace's anti-nuclear obsessions as the most striking industrial accident in the NGO universe.
Putting all your effort against carbon-free energy in the midst of a climate emergency, the most suicidal and inept strategy possible. It's not hard to understand, even if it's unbelievably stupid.
Greenpeace has a base of old anti-nuclear donors from the 1970s. They have money. Greenpeace is betting on its short-term survival. Such a big ocean liner, with thousands of employees. It costs an arm and a leg to keep floating.
So Greenpeace is doing what it criticizes governments for. They procrastinate in questioning of their old reflexes. Addicted to anti-nuclearism, they no longer have clear ideas. And now they want to shoot down nuclear power as soon as possible, not for the sake of the planet, but to justify their own survival.
Parasites, at least, have the intelligence to remain restrained when sucking a host's blood. Greenpeace will exhaust its cause.
The old donors will still give, against nuclear energy and against the climate. And Greenpeace will crash on the awareness that is gaining society, in light of the German transition. Driven by Greenpeace, it's a climate catastrophe.
Any sensible organization would have understood that the "gas rather than nuclear" talk is nonsense. Except those who economically, cynically, greedily live on anti-nuclearism. We won't miss you, Greenpeace.
To see you today moaning about the slowness of nuclear power, which you have slowed down with all your might...it's pathetic. Who do you think you can convince? If you were given the solutions to do it in two years, you wouldn't want it.
Bunch of hypocrites"
Short Report: “Biomass” green scam clear-cutting forests & sucking up subsidies
Carnival Cruises Emit More Toxic Fumes Than All Of Europe's Cars, Study Finds
A new study commissioned by the European Federation for Transport and Environment revealed that toxic emissions of sulfur oxides from 63 cruise ships belonging to Carnival Corporation were 43% higher than all the combustion engine vehicles in Europe.
Daily Sceptic: Wind Industry Blackmails UK Demanding Huge Ramp-Up Of Subsidies
Wind energy on anything even slightly approaching mass scale is five things: a delusion, a total scam, inefficient, a visually vulgar psychological affront, and hyper-polluting in aggregate.
Please revisit “Ugly Inconvenient Truths”.
6. Uranium
In theaters now, “Nuclear Now, a documentary by Oliver Stone, winner of 9 Academy Awards and 10 Golden Globes, explores how nuclear power can combat climate change and generate reliable energy for all.
12-year “cup and handle” pattern in uranium is targeting $100 and should lead to an 18-year cup and handle targeting $200+
Quoting last uranium comments, June 04:
Today uranium looks fantastic.
Revised stats and entry levels:
URA i3 m1, broken 15-month down trend, super bullish now at $21.31
ANLDF long term bullish entry signal in effect, best buy > 5.5c
DNN technical “strong buy” above $1.25
UROY technical “strong buy” above $2.25
U.U i3 m1 = long term bullish, at an ideal entry/add point
I’m still adding LTBR periodically below $5
Uranium still looks fantastic.
Revised stats and entry levels:
URA i2 m1, broken 15-month down trend, super bullish now at $21.14
ANLDF long term bullish entry signal in effect, best buy > 5.5c
DNN technical “strong buy” above $1.25
UROY technical “strong buy” above $2.05
U.U i3 m1 = long term bullish, at an ideal entry/add point
I’m still adding LTBR periodically below $5, though today it closed at $6.06 still with tremendous upside.
Related:
Sweden Scraps 100% Renewable Energy Goal for More Reliable Nuclear Power
Ontario unveils $12.8B Darlington nuclear refurbishment
Bruce Power to spend $13B to refurbish 6 nuclear units
Belgium and Engie agree on nuclear reactor extensions
Editorial: A prompt to Colorado to explore nuclear power
1. Crypto
Most recently of crypto I wrote:
I’m again aggressively short as of bitcoin’s drop back below $30k.
I’ll close the position to be flat crypto if bitcoin pops back above $31100.
I remain net short crypto, specifically short alt-coins (also known as “shitcoins”) vs. adding bitcoin long over 31100.
In “Crypto Turtling Time” three months ago, I stated:
… crypto looks very toppy lately and purely from a cyclical perspective the timing is good to lighten-up or short. Add the stench emanating from various parts of the sector and adjacent, plus regulators in the US openly at war with crypto and related businesses, and prudence will probably pay.
Many, or most, in crypto can’t imagine their favorite token trading 70-90% lower this year, if ever. I’ve seen an estimate from well-known persons in the space placing a “0.1% chance” on a 33% drop. Nonsense. A 70-90% drop has very high odds: 50/50.
ApeCoin is already down 57% since then, and it remains hedged and staked since $4.20 with staking proceeds either withdrawn to cash or also hedged.