Buy Uranium Stocks or a House? | Resource Heads Ep. 25

As the European Central Bank surprised the market and raised interest rates for the first time in over a decade, the Euro gained against the dollar and that had all the dollar-denominated commodities going up.

However, later in the week, bad PMI data had the industry side of silver pulling down on its price.

Let’s see what happened last week, and what experts are expecting.

What are experts saying about commodities?

Lobo Tiggre is not yet calling this the “bottom” for gold & silver stocks, but he thinks uranium is different. He says the supply deficit in uranium is more important than any other macro development. His newsletter: https://bit.ly/3u3GsiW

Andy Hoese is still bullish on housing and wants to see inventories at least double from this level for him to start rethinking the thesis. His YouTube channel: https://www.youtube.com/c/FindingValueFinance

Christian Kargl-Simard is bullish on copper in the long run, but thinks volatility is ahead.

FireFox Gold, which is a paying customer of Resource Talks, has a lot more ground to cover in Finland.

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Commodities had an ok week, in the face of a falling dollar index.

Copper +2.06%
Gold +1.17%
Silver -1.54%
Uranium -0.81%
DXY -1.33%

What moved commodities this week?

Interestingly enough, gold and silver did not both close the week in the green.

Although both precious metals had a positive initial reaction to the news from Europe, silver closed the week down because of bad PMI data coming out of the US.

While most people are calling for a bottom, Lobo Tiggre isn’t. He told me “we aren’t quite there yet”. I asked him to explain to me what was going on and when he’d be a buyer.

Summed up, Lobo’s waiting for next week’s FED decision on interest rates. If the FED raises interest rates by more than 75 basis points and the market doesn’t collapse, then he would be a buyer.

If you want to be kept up-to-date with Lobo’s buying schedule, as well as see which stocks he’s buying before he’s even bought them, consider his hand-holding newsletter.

For this week’s copper digest, I talked to Christian Kargl-Simard, who I had on a few weeks ago to give me an overview of the copper thesis.

Christian had previously told me that he thinks “$4 copper is the new normal“. With copper now headed for the $3 level, I had to ask him what he thinks again.

Although downward pressure in the short term could be bad for copper alongside other metals, in the long term Christian doesn’t see any other way but up.

In the meanwhile, we’re consistently getting news out of Soth America about governments blocking copper mining projects, as well as potentially raising taxes on mining companies which pushes mining behemoths like BHP, and Anglo American to reconsider their investment plans for copper exploration. Over the next decade, as we increase our demand for copper, this will result in an even larger supply deficit and thus push copper prices higher.

I didn’t invite anybody to talk about uranium specifically this week, but I will be inviting Chapman over for next week’s digest as there are more interesting news to discuss next week than there were this week.

Most interesting news within the energy space this week were about nuclear energy.

Belgium finally reached an initial deal to prolong nuclear for another 10 years.

Germany started rethinking nuclear power.

Egypt poured the first concrete for its first nuclear power plant.

And some other SMR-related decisions were took last week, but nothing that influences the price of uranium in the next year.

Economic Calendar for Next Week:

-- Monday, 25/07 --

Germany’s Entrepreneurs’ Sentiment (Ifo Business Climate Index): the higher the number, the more confident Germany’s manufacturing, service, trade, and construction sectors are in the economy.
Previous: 92.3
Expected 90.2

-- Tuesday, 26/07 --

US Consumer Confidence: the higher the number, the more confident US consumers are.
Previous: 98.7
Expected: 97.3

US New Home Sales
Previous: 696K
Expected: 664K

Australia Inflation Number (CPI)
Previous: 5.1%
Expected: 6.3%

-- Wednesday, 27/07 --

US Pening Home Sales
Previous: 0.7%
Expected: -1.5%

!!! FED INTEREST RATES DECISION !!!

Cameco Earnings Report

-- Thursday, 28/07 --

US Jobless claims
Previous: 251K
Expected: 253K

US GDP Growth
Previous: -1.6%
Expected: +0.4%

-- Friday, 29/07 --

EU GDP
Previous: 5.4%
Expected: ?

EU CPI
Previous: 8.6%
Expected: 8.7%

US Core Personal Consumption Expenditure
Previous: 0.3%
Expected: 0.5%

-- Saturday, 30/07 --

China Manufacturing PMI
Previous: 50.2
Expected: 50.5

Timestamps

00:00 Important warning
00:10 Intro
02:00 Lobo Tiggre on gold & silver
25:00 Andy on housing & uranium
01:11:00 Christian on copper
01:31:00 FireFox Gold Interview
02:00:00 Economic calendar for next week

Warning

You will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).

Видео Buy Uranium Stocks or a House? | Resource Heads Ep. 25 канала Resource Talks