Commodity prices for metals, and for some foodstuffs (soy beans for one), look to be recovering from a 1-year-plus slog.
Wise if we all were in live cattle, for one, as we endured the metals malaise. Now those cows represent a splendid a one-year futures chart (mais pas moi).
How about maligned uranium, which is holding its own for 1-year and 3-year spans?
Most of the physical uranium trusts have doubled in price in a 3-year span.
Yellow Cake Plc, a physical holder of U-308, has more than doubled. See chart please.
Spot and contract prices for uranium have no futures; uranium, I believe, does have one — and thanks to Jordan Trimble at Canada’s Skyharbour Ltd, for keeping me active in the radioactive element for power plants, massive ones and new, portable/mobile energy generators.
Jordan’s SYH is a wee one at $65 million market value CAD. Skyharbour shares look to be regaining lost traction, thanks in part to the 300% 3-year gain in Athabasca Basin neighbour Cameco Corp. CCJ
Another wee one that is honest-on-the up there in Saskatchewan: explorer CanAlaska Uranium CVV CVVUF. Young geo-CEO Cory Belyk weighs in 4 minutes ago this Tuesday August 29, 2023: “We have two drills turning on our West McArthur project (JV with Cameco) advancing a Pike Zone discovery.”
Cory says partner Denison Mines DNN will head back into Moon Lake South mid-September to drill a discovery that is a few months old.
Never lost a dime with CVV CVVUF shares. I intend to go back into CVV, and I intend to go into SYH SYHBF. I just don’t know when just now. Both look to be recovering mojo with many partner-funded exploration projects in the Athabasca Basin and in neighboring tracts.
How to best that gain by a now-$15 billion USD explorer producer? See chart.
Perhaps with our The Calandra Report/TCR beloved platinum. Platinum’s sub-$1,000-ounce price is closing the gap with palladium.
Look it: palladium March 6, 2002, marked $3,000 an ounce. Now it’s $1,260 or so. Only recently is super-rare platinum (catalytic converters for carbon fuel engines, many other uses, including precious ones) reaching back to its lost $1,000 ounce mark. Used to be the opposite, TCRs.
I buy platinum through Aberdeen Platinum Physical Trust PPLT nearly every week and have been for years. Also, via Ivanhoe Mines and IVN IVPAF’s Platreef mine to come in one year. Some of us might recall South Africa’s Platreef in my first, 2003 visit with Ivanhoe’s founder was my introduction to Ivanhoe Mines.
Ivanhoe shares look poised (because mostly of its producing, rich copper in DRC Congo) to mark an all-time high any week now. It is our largest nat-resources holding with 81,000 shares.
TCRs ask, pre-September, when commodities buyers supposedly return in droves (who knows?), well, sure but what are your absolute favorites?
If there were more absolutes in investing, I would be both an absolute star and an absolutely black hole.
Still, on my/our grapevine, the ones I have a multi-year and multi-decade absolute belief in: Robert Friedland‘s Ivanhoe Mines — heading to a $20 billion CAD market value, thanks to Kamoa-Kakula copper.
Also: Xtra-Gold Resources XTG XTGRF in Ghana. The explorer is onto an extension of 1-gram-plus gold in the Kibi Gold Belt that likely will take it to a 1.5-million-ounce resource there, I believe.
Aussi: DHT Maritime Holdings DHT, the very large crude carrier business whose execs and strategists, given the intense downs and mostly ups in VLCC lease rates for nat-gas an oil-carrying ships, are the finest, sharpest and best-behaved company runners in.the European maritime industry.
Plus, for pure gold lovers, mid-level producer and explorer Alamos Gold. See chart please. John McCluskey in Toronto runs this Canada-co with aplomb, and growth first and foremost. Find me a stock such as AGI whose price regularly kicks in with 5% daily gains, and 10% weekly ones, much more sometimes, when gold is back on track. As it appears to be this week ahead of next week’s summer-closing holidays in Canada, USA and U.K.
On the privately held front, gold note fabricator, designer, legal tender for collectors, gift-givers and small nations and states, in any gold-gram amount one chooses: Valaurum Worldwide.
Adam Trexler, Dr. Adam, is expanding the Valaurum Portland fabricating plants. Revenue from all business lines, and profits, are climbing 20% to 30% yearly. Sizeable dividends soon, Adam is a social sciences doctorate (Exeter U. in U.K.) with abstracts, dissertations and treatises on gold standards, behavior of gold and behavior of individual investors who desire numismatic-minded precious metal collectictibles in manageable amounts: 1 gram, half-gram, 10th-gram, any-gram.
When we here at home invested perhaps 8 years gone, Adam had 3 employees. Now he has 50, plus patents, digital tracking and a booming business for those collectors and for emerging market mini-nations looking for alternative currencies for their gold-savvy yet often impoverished citizens. At certified asnd current valuation of approx. $80 million USD, we’re up 7x in our shares.
— Thom Calandra
Thom Calandra is a writer and an investor. Research and material are meant as editorial opinion. He is not a professional investment adviser. Please do not consider his reporting as a recommendation to buy or sell securities. Really.