Another challenging week in markets for commodities - maybe the best time to be adding copper, gold and silver, and uranium stocks. Time will tell. ![Jul10Trades.png](https://files.peakd.com/file/peakd-hive/carrinm/23ydJY1EGA6yXVcXHhiCUeiz9wv2YqLgVGcKijPc6XeNDkW3PivnQDW1ZFTEEeDoZZetq.png)

Portfolio News

In a week where S&P 500 rose 1.37% and Europe dropped 0.87%, my pension portfolio dropped 1.88%. Weighted down by commodities but a bit short Europe did help - could have been worse. The talking heads keep going on about the bull cycle for commodities. One did say that in Western markets investors are price givers - they sell everything when anything feels a bit off. Big movers of the week were F4 Uranium Corp (FFU.V) (25%), Cauldron Energy (CXU.AX (22.3%), Island Pharmaceuticals (ILA.AX) (20%), Panther Metals (PNT.AX) (16.7%), New Frontier Minerals (NFM.AX) (16.7%), Heavy Minerals (HVY.AX) (16.2%), Stroud Resources (SDR.V) (15.8%), UNISOL Holdings Corporation (7128.T) (15%), Elixir Energy (EXR.AX) (13%), Condor Energy (CND.AX) (12.5%), Noble Plains Uranium (NOBL.V) (11.1%), F3 Uranium Corp (FUU.V) (11.1%), TechGen Metals (TG1.AX) (10%) Another of those quiet weeks with only 13 stocks in the big movers list - topping the list of big themes is uranium (4 stocks - all explorers), rare earths (2 stocks), gold mining (1 stock). Two oil and gas stocks in different parts of the world are interesting - one in Australia and the other in Peru, one onshore and one offshore. ![Jul10News.png](https://files.peakd.com/file/peakd-hive/carrinm/23w3CvfJ7LcGCtAmGNwyYR8wQ4SvSQfKD6QooreNBeFd5WXvXjrk6QuU1XJ1hNhRVbf2G.png) US markets were doing the one day on and one day off thing. Whiffs about the war or a rate hike and the sell off in semiconductors ran dragging everything with it. Note the timing of the headlines - one day apart from Wednesday. ![Jul10SKHynix.png](https://files.peakd.com/file/peakd-hive/carrinm/23uRL6XW1UzoHc7TkMU7HHVSXmS94npJ6zAhXBv1nV25MJTJD6h5zXGMdzL4jSjLLj1CR.png) One big news item was the listing on Nasdaq of SK hynix (SKHY), the South Korean chip maker - the largest foreign listing on Nasdaq ever. Not all freshness and light with GDR's listed in Germany dropped 7.8% on the day. Seems that American investors had not discovered the Frankfurt listing like I did. Found them when it was proving really hard to invest directly on the South Korean market. **Crypto Bumbles** Bitcoin price tracked sideways finishing the week 0.5% lower than the open with a trough to peak range of 5.5%. Most telling is the trough to peak range was in the first day of the week ![Jul12BTC.png](https://files.peakd.com/file/peakd-hive/carrinm/23viTAxLq5eg3HYqPnEF7DQYZGYbAQrxS9C8uybqbHCnZjXsm1EXUqc5SHPBYwTEGaC5y.png) Ethereum price looked a bit more alive pushing higher then lower and finishing the week 0.5% higher than the open with a peak to trough range of 7.5%. ![Jul12ETH.png](https://files.peakd.com/file/peakd-hive/carrinm/23w3EVhVuUWGZC2zRc1nGeoUgTJ7ERN5dfaxr8S5Wuo7xqjs9qLYKVx9kjBiysAGtcsJF.png) Altcoins looks quite moribund - one going against the flow was Uniswap (UNIBTC) popping 20% making a higher high for 3rd week in a row ![Jul12UNIBTC.png](https://files.peakd.com/file/peakd-hive/carrinm/23viTPVnKogACiaPpgc2bewLYYJghNSPPcamWsz8SeVzhEYpdT8smGDK3G6TQF8yrXoVJ.png) Zecash (ZECBTC) gets a bid to cycle to a higher high with a 21% pop - not enough to take the last trade made positive. ![Jul12ZECBTC.png](https://files.peakd.com/file/peakd-hive/carrinm/23uRL1ejmRg2SGb6qReTcrxunWza992GPuKwbaJQrohxN9FhxyMr6vaczSzaUFSDKu7LK.png) **Nuclear Energy Holdings** Made a few additions across a few categories and relieved to see a modest 0.8% drop in valuations ![Jul10NuclearChange.png](https://files.peakd.com/file/peakd-hive/carrinm/23viRck6G51o1k8KGzZR2EW24fMSRhkxcMf5o8fRaXdxT2Knv4daCXX78wYojgoZHDfgj.png) A few changes in the mix of holdings with the additions. Denison Mines Corp (DNN) moves back up to slot 1 pushing Yellow Cake plc (YCA.L) down with the addition there. Sure hope they get producing - 2028 still. Sprott Junior Uranium Miners ETF (URNJ) and Oklo Inc (OKLO) change places in slots 6 and 7. Sprott Uranium Miners ETF (URNM) comes into Top 10 on the addition there pushing VanEck Uranium and Nuclear ETF (NLR) out - one ETF changing places with another. Share of portfolios rises over half a point to 30.2% as nuclear fell appreciably less than other sectors. ![Jul10Nuclear.png](https://files.peakd.com/file/peakd-hive/carrinm/EqhTim6dfWBw7uyRsPK8kz4rjGGKHCLQ6uwNPCNcae1wQXmijCsxjGjr15ZZ7weWDo3.png) Holdings by Stage sees half a point drop in Physical and a 0.6 point rise in 2027 On with the addition there and half a point rise in ETF's with the addition there. ![Jul10NuclearbyStage.png](https://files.peakd.com/file/peakd-hive/carrinm/EocDj8dTgtKw1H8nHv1CnhezzFtFTNzHTxmPRWm5suK3EtHTdbYG8WejXdHcxjeZe73.png) **Alternate Energy Holdings** Two additions both in lithium sector and 4.6% drop in valuations - alternate energy doing worse than the market. ![Jul10LithiumChange.png](https://files.peakd.com/file/peakd-hive/carrinm/23w3CwVFHVthfhEGjM6H7WvUUuDXqbr1CimNkz8mqQ9fTvU1Pt4L34iXWYaXVTknDobRn.png) No change in the mix of holdings and share of portfolios comes down a little to 5.7% ![Jul10Lithium.png](https://files.peakd.com/file/peakd-hive/carrinm/244yEz5c1zFsiDhbMnin1mFUUB35BKDzJxsyFd86aE1L7XkXgLRav48RrmR1R3ggMLPHf.png) **Precious Metals Holdings** A few additions made both in silver and in gold. A bothersome 4.6% drop in valuations. It seems that investors dump everything when war rumbles grow or market leading sectors (like AI or semis) show weakness. ![Jul10PreciousChange.png](https://files.peakd.com/file/peakd-hive/carrinm/23vspH7fkNjA7h29BExUV8665UUqViP2Fjz9y538K5pu1CxdaK9u8fmgauPhGeAyE1rHd.png) Mix of holdings sees one change - WisdomTree Physical Gold (PHGP.L) and Wheaton Precious Metals (WPM) swap places in slots 6 and 7. Share of Others rises nearly 2 points with 4 stocks added there. Share of portfolios drops 0.2 points to 11.6% ![Jul10Precious.png](https://files.peakd.com/file/peakd-hive/carrinm/244yEy6VxRRvuT1XYkM12DRGweZEugQ9z5aRNQYTw5g98wWJuh8u2aUJey9iAfwm5TRVh.png) Have spent some time the last week to understand the amount of specific metals exposure across the portfolios. Going to widen this to include metals commonly found in gold/silver bodies - like molybdenum and copper. Not quite ready to share but the process will be to set out criteria for selecting stocks. The talking heads offer lots of ideas but they are mostly spruiking their favorite stocks. A few things coming clear - a few examples of criteria coming to the fore: - gold and silver mining producers that are candidates for acquisition - including developers close to producing. - gold opportunities over 2 million ounces close to infrastructure and friendly jurisdictions. - copper opportunities over a certain scale and grade - tungsten opportunities over a certain grade in friendly jurisdictions. As the list of criteria become clear will ask AI to help do the detailed analysis and suggest changes.

Bought

**Aldebaran Resources** (ALDE.V): Base Metals. Scaled into holding in pension portfolio - thinking to enter these trades in $1000 lots as standard entry. As stock is quoted in Canadian Dollars needed a bigger parcel. **Denison Mines Corp** (DNN): Uranium. Scaled into holding in pension portfolio to average down entry price. A bit of a replacement thought for enCore Energy Corp (EU) sold last week. Wrote covered call for 3% premium with 6.5% price coverage. **Jaguar Uranium Corp** (JAGU): Uranium. Scaled into holding in pension portfolio and personal portfolio to average down entry price. A few talking heads have been talking this one up - reopening old Argentinian uranium facilities. **Silvercorp Metals** (SVM): Silver Mining. Watched part of interview with CEO - added to holding in pension portfolio. This is a large scale silver mining business with several mines in China and free cash flow to develop big projects in Ecuador and Kyrgyzstan **Sprott Uranium Miners ETF** (URNM): Uranium. Cameco Corp (CCJ) temporarily suspended production at its Cigar Lake uranium mine after an operational outage at the McClean Lake mill. Normally would look to average down entry price - business is well run and the problems will be resolved. Chose to buy an equivalent amount in the industry ETF as something of a hedge should the problems persist. CCJ is 18% of the ETF holdings. Wrote covered call for 0.8% premium with 7.3% price coverage - ten days. Added a few copper/gold/silver investments in personal portfolio based on interviews - mostly Michael Gentile ideas. **Cascadia Minerals** (CAM.V): Copper/Gold. Technical report suggests 76% copper, 17% gold and the balance silver and moly - September 2024 prices. **Capitan Silver Corp** (CAPT.V): Silver Mining. Mexico pure silver play. **Maple Gold Mines** (MGM.V): Gold Mining. 93% gold - balance silver >Total Douay/Joutel Gold Project Mineral Resource Estimate ("MRE") now stands at 905,000 ounces ("oz") of gold ("Au") Indicated (19.1 million tonnes ("Mt") at 1.48 grams per tonne ("g/t") Au1) and 4,279,000 oz Au Inferred (130.2 Mt at 1.03 g/t Au1) **PTX Metals** (PTX.V): Copper/Gold Mining. Mixed resource opportunity of copper 49%, nickel 22%, gold 10%, palladium 11% (at current prices). Does have plans to spin off Green Canada uranium. That feels like a freebie. ![Jul6PTX.png](https://files.peakd.com/file/peakd-hive/carrinm/23tHbfzMqJWVapLmEFVNN77xk3iCREMvKzSGrTKLLBvcez44EyxFYmREMbUFPGciYTreK.png) Did a chart to compare this to the previous copper play bought - could argue this is late entry for both but there are 100 points to the highs for one and 50 for the other. Would take either. **Gold X2 Mining** (AUXX.V): Gold Mining. Asked ChatGPT for 2 million ounce gold projects in friendly jusrisdictons - Moss Gold Projct, Ontario Canada witth proximal infrastructure. AISC of US$1,188/oz and Cash Costs of US$999/oz - cost competitve. Size of capex is a bit of a challenge at US$1.493 billion. Small silver credits (2%). Added a first parcel in personal portfolio **Titan Minerals** (TTM.AX): Gold Mining. Another ChatGPT idea - added to existing holding in personal portfolio to scale in. **West Coast Silver** (WCE.AX): Silver Mining. Company announced drill results in Elizabeth Hill showing high silver grades beneath the historic mine site - scaled into holding in personal portfolio to average down entry price. **Delivra Health Brands** (DHB.V): Marijuana. Been popping up on the big movers list every now and then - added a small parcel in personal portfolio to average down entry price. Did notice from the website that they recently entered into a licence agreement with Peak Processing Solutions (PKP.AX), to manufacture, distribute and sell infused LivReliefTM branded topicals in Canada. Am holding shares in Peak Processing. **Noble Plains Uranium** (NOBL.V): Uranium. Added to holding in pension portfolio to average down entry price. Large resource adjacent to Ur-Energy facilities (URG) **American Uranium was GTI Energy** (AMU.AX): Uranium. Company is running a rights offer at 12 cents a share on which closing date has been extended - topped up holding in personal portfolio well below the rights price. Fully expect the deadline to be moved again. **Rio Tinto** (RIO): Base Metals. Assigned early on sold put in pension portfolio. Breakeven $97.66 vs $89.49 close (Jul 9) - 3 cycles. Happy to hold from here as business has large copper and lithium assets in addition to the iron ore. **Lithium Americas Corp** (LAC): Lithium. Assigned early on sold put in pension portfolio. Breakeven $5.06 vs $3.32 close (Jul 10) - 2 cycles - work to do. **Energy Fuels** (UUUU): Uranium. Assigned early on sold put in pension portfolio. Breakeven $5.77 vs $13.58 close (Jul 10) - 5 cycles - been doing this a lot. Maybe time for a long hold and fewer income trades.

Sold

**Valero Energy Corporation** (VLO): Oil Refining. Closed out holding at 52 week high in pension portfolio for 55% profit since January 2026. Stock bought directly after Maduro was abducted and oil flows from Venezuela opened up. The refiner is one of the few in US capable of refining heavy oil

ASX Portfolio

The segment reports trading in ASX fractional share portfolio. Trade entries are made based on stock screens looking for undervalued stocks (price to book, price earnings, price to sales) that are showing technical signs of breaking a downtrend. Exits are made at 35% profit or 25% if 52 week high is lower than 35% advance. New buys are in $500 lots. Scale ins and top ups in $250 lots **Top Ups** **Endeavour Group Limited** (EDV.AX): Hospitality. Dividend yield 4.96% ![Jul9EDV.png](https://files.peakd.com/file/peakd-hive/carrinm/Eo4JhGfp3qLjww7xcZt2QZyNaUVVRu5Con52VrLAZX2cK91gSXgjx2ZaJJjtyhxAFq8.png) Chart shows price cycling lower, reversing and touching resistance and falling over again. Latest reversal is off a level not seen for quite a few years. Maybe this time the strategy refresh will work. Business is in a very competitive industry **Liberty Financial Group Ltd** (LFG.AX): Financial Services. Dividend yield 10.12% ![Jul9LFG.png](https://files.peakd.com/file/peakd-hive/carrinm/23uFwWSoTtmZCDEXqEnhxm2cK6pmZtsErQEUCFcjK3tkk6NuZC2ZWqvv9zeXjJhGoLyyX.png) Chart shows price has made three big cycles from the late 2023 entries. Looks like a triple bottom - will look to exit at 52 weeks highs even if this is below the strategy 25% target. **Sold** **QBE Insurance** (QBE.AX): Insurance. Closed at 52 week high target for 25% profit since February 2026. **Auto-Invest** Two sets of auto-invests added this week in personal portfolio $600 spread across 4 uranium stocks, one gold ETF and two index ETFs - in personal portfolio. Uranium -Silex Systems Limited (SLX.AX): Uranium Enrichment. -Global X Uranium ETF AUD (ATOM.AX): Uranium. -Deep Yellow Limited: Uranium. -Elevate Uranium (ELV.AX): Uranium. -Terra Uranium (T92.AX): Uranium. Indexes -VanEck Gold Miners ETF (GDX): Gold Mining. Yield 0.67% -Vanguard Australian Shares Index ETF (VAS.AX): Australian Index. Yield 3.12% -Vanguard MSCI Index International Shares ETF (VGS.AX): International Index. Yield 1.56%

Income Trades

**Covered Calls** Only three covered calls written in two portfolios (Europe 1 US 3) **Naked Puts** Sold puts happy to own at lower prices - Power Solutions International (PSIX): US Industrials. Return 2.9% Coverage 7.9% - Solstice Advanced Materials (SOLS): Specialty Chemicals. Return 3.6% Coverage 4.8% - DHL Group (DPWA.DU): Europe Logistics. Return 1.1% Coverage 4.4% - Eramet SA (ERA.PA): Base Metals. Return 5% Coverage 5.5% - Henkel AG (HEN3.DE): Consumer Products. Return 1.4% Coverage 3% - Engie SA (ENGI.PA): French Utility. Return 1% Coverage 4.5% - Royal Gold (RGLD): Gold Mining. Return 2.5% Coverage 2.8% - interested in royalty streams - Wheaton Precious Metals (WPM): Gold/Silver Mining. Return 1.7% Coverage 6.5% - interested in royalty streams - Cameco Corporation (CCJ): Uranium. Return 2.9% Coverage 0.5% - iShares Global Clean Energy ETF (ICLN): Alternate Energy. Return 1.6% Coverage 4.1% - Barclays PLC (BARC.L): UK Bank. Return 1.1% Coverage 1.4% Sold puts on stocks that might get assigned on covered calls - Fresenius SE (FRE.DE): German Healthcare. Return 1.55% Coverage 0.8% Kicked the can down the road on sold puts that could be assigned - Power Solutions International (PSIX): US Industrials. 69% loss on buy back. 226% cash positive - QuantumScape Corporation (QS): Battery Technology. 11% profit on buy back. 13.7% cash positive Kicked the can down the road on sold puts that could be subject to 45 day rule in pension portfolio. - Aurora Cannabis (ACB.TO): Marijuana. 34.6% loss on buy back. 40% cash positive - Peabody Energy Corporation (BTU): Coal Mining. 268% loss on buy back. 8% cash positive - Coty (COTY): Consumer Products. 37% profit on buy back. 83% cash positive - enCore Energy Corp (EU): Uranium. 120% loss on buy back. 27% cash positive - VanEck Gold Miners ETF (GDX): Gold Mining. 344% loss on buy back. 7% cash positive - down two strikes - VanEck Junior Gold Miners ETF (GDXJ): Gold Mining. 27% loss on buy back. 2.7% cash positive - Gevo (GEVO): Specialty Chemicals. 19% profit on buy back. 76% cash positive **Credit Spreads** No chnage Exercise risk is well within cash margins - heaps of cash.

Resources

**Cautions**: This is not financial advice. You need to consider your own financial position and take your own advice before you follow any of my ideas **Images**: I own the rights to use and edit the Buy Sell image. News headlines come from Google Search. All other images are created using my various trading and charting platforms. They are all my own work **Tickers**: I monitor my portfolios using Yahoo Finance. The ticker symbols used are Yahoo Finance tickers. Crypto tickers come from TradingView **Charts**: http://mymark.mx/TradingView - this is a free charting package. I have a Pro subscription to get access to real time forex prices **Investing**: Interactive Brokers provides comprehensive global markets coverage with very competitive commissions. Open an account to earn up to USD 1,000 in IBKR stock. https://mclnks.com/ibkr **Crypto Trading**: **Binance** offers a wide range of coins to trade, tight spreads and low fees if you use BNB to pay https://mymark.mx/Binance **Kucoin** offers a wider range of altcoins than many of the other exchanges. I do like to diversify my holdings in case an exchange gets knocked over. Grab 15% discount on your trades when you open an account on this link https://mclnks.com/kucoin15 **Gate.io** offers a solid range of coins many of which have been delisted elsewhere. Have chosen to share the commission rebates. 40% is the rate - split 30% for me and you get to keep 10% for any people you invite. https://mclnks.com/gateio **Tracking**: Keeping track of your crypto trades is a whole lot easier with CoinTracking.info. Get 10% off all your account upgrades https://mymark.mx/CoinTracking **Aus/NZ Investing** Sharesies provides low cost, fractional share investing for Australian and New Zealand residents covering stocks in those countries and US. Start investing with as little as $20 https://mclnks.com/shares July 6-10, 2026

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