My portfolio was up nearly 2% today — buoyed by a very strong zinc market. For 2017, I am all about zinc and uranium. Zinc closed higher by 2.8% and after the market closed, $X guided way up, in ridiculous fashion.
U.S. Steel sees FY17 $3.08 vs $1.67 Capital IQ Consensus Estimate
The more demand for steel, the greater demand for zinc. Unlike steel, there isn’t a great oversupply of zinc. Hence, I expect both $TECK and $HBM to do quite well this year, especially with Trump’s fiscal stimulus plans looming.
Both the NASDAQ and the S&P closed higher, with the Dow being the only standout. Breadth was upwards of 61% and most people had a good day. I view today’s tape as a proper consolidation day and expect a resumption of the market rally tomorrow morning.
This being the last trading day of January, I am pleased to announce returns of 6%. Inside Exodus, my GARP portfolio was higher by nearly 5% — led by a 43% return in $UEC.
Happy 80th birthday to the legendary Phillip Glass, my favorite contemporary composer.
X giving their AH gains back.
That’s fine. I am not long X. I am interested in demand for steel.
https://www.youtube.com/watch?v=e0MCuuePNQg