Incredible. You might not be able to call yourself stupid for much longer. Fantastically researched questions. And Adam clearly a clever cookie. Thanks
I had to watch only 3 minutes and got a screaming question! How do they managed risk with such concentrated exposure in single sectors? If I can find the time I will watch the whole interview.
I asked him about how he gets exposure to uranium later on. Mainly because of how obscure the market is. So, not only is the portfolio very concentrated, but some of the sectors are very niche as well. He had an interesting answer.
@@ResourceTalks Hey Antonio, thanks for the answer. I really prefer to see people I am not familiar with when they are talking and not only listening. (ATM I am watching a Denison video for the third time). But in this case I am curious enough for an exception and don't wait for more parts on RUclips. Maybe I take a bath together with your podcast. 🛀🍷
I originally found Adam through Jesse Felder. Jesse Felder would be a good person for you to interview. I agree with Adams take on the commodities. And love the way you keep asking on uranium because that is my favorite commodity also and I am frustrated.
I disagree. Patience is a good commodity to have when you have analytical skills, high IQ, work ethics, etc. If you've done the work and you know what you own you can afford to be patient. However, I noticed myself confusing patience with stubbornness and wanting to hold on to bad companies just because people said I should be patient.
The Next Time you have Rock Star Justin Huhn on could you ask him to clarify his timeline for the Bull Run: He said 3 - 5 years about 3 years ago and This Month with Andy H he has said 5 years a few times so maybe 3 - 5 Years from HERE - is the question
One advantage of SMRs that rarely gets acknowledged is they allow the NARATIVE of fear of nuclear to be RESET to one of safety based on new transformative technologies that younger generations can believe in. A community that wouldn't permit a large reactor may accept several SMRs because they perceive the latter is safer (when in reality, large and small reactors are similarly safe). SMRs are needed to address the PR challenges of a skeptical audience, they are not needed because they are fundamentally better than large reactors.
@@ResourceTalks going out in 2023 with 20%-30% more than Nov 21, ( everybody said I was too conservative... Well look at now). And Justin from uranium insider says it is the easiest trade he has ever had, the easiest bet. Well i would to know your opinion... That arrogance is not necessary
'2030'? Ha ha - I want my money NOW.....That why I sold most of my copper stocks when the RSI on them was over 70. No one is talking about crypto which - while btc has fallen heavily this week - has seen a huge move over recent months. Btc now at 28k and I'm hoping (if anyone says they 'know', they are talking rubbish....) it gets to 40k, at which price I am mostly out. Junior gold miners make crypto miners look like solid secure dependable investments - for a start, crypto management teams actually seem to believe what they say publically.....
@@ResourceTalks Every time I think about selling a stock I check the RSI - I look at an RSI over 70 as a green light to sell. Buying a share is more difficult, but an RSI under 30 implies it's a good time to buy if I like the share.
@@ResourceTalks So far, if the RSI is over 70 and I sell I pretty much hit peak price before the share retreats. Also, if I sell even tho' the RSI is only at, say, 60 or 65 the price usually goes higher than my sale price (further implying that waiting until RSI is at least 70 kinda works). As said, buying is more difiicult - sometimes a share is just total rubbish and just stays low whatever the RSI.
You might be interested in reading the Club of Rome report and you will be surprised what stuff is already dead for 50 years now. (This does not mean you are wrong about batteries. I am not into batteries.)
@@ResourceTalks Its just one car manufacturer so far, but it uses salt which is free pretty much instead of Lithium, also the battery have less of Nickel and Cobolt in it compare to Lithium-Ion battery, so its far cheaper, quite a bit less energy density so it will mainly be the cheap electric cars that will start using it first. But on the other hand u have lithium battery in trucks soon. That also came this weektruck manufacturer Scania and battery producer Northvolt have manage to make a battery that will last 1,5 Million kilometer as a lifespan, which is normal life of a Truck. If Elon starts using Sodium based batteries then it will quickly be implemented by the rest. Maybe Tesla can make a short range Model 3 with it, would get the cost down (the battery in a Model 3 costs 13 500USD price of that car is 40k)
@@Lukky_Luke It is. In my entire life I met only 2 people in person with a reliable success rate about predicting the future far in advance. Even though there was a lot of expertise and IQ in the Club of Rome, well, I won't say they were able to hit the nail, not even the right wall. My take on this is that predicting the future years in advance is a talent that's nearly impossible to find. Curiously even Wall Street ignores this year after year.
First of all, he just dismisses the supply issues, stating we have always been able to scale up before, but that's a very superficial argument as it doesn't show understanding of why we have met demand, so far. It has mostly been from a few companies with great resources but those resources are hitting bottle necks. Now the Chinese are producing a lot with lipidolite but that actually will keep prices high as its a very high cost for break even with those sources. He stated that large amounts of investment has been made in lithium and that's not really true. There aren't big players like oil and gas or other metals that can justbuy up and fund projects to operation and most projects are very Capex intensive. Now lithium as an large fund investor can be scary as its mostly a collection of speculative plays as any one project can be derailed for many reasons. The lack of established players and established methods make it hard to know who is going to really make it big and if that's why he's not in it then ok. But to imply that we will just find a way to meet supply is dismissing it and shows a lack of understanding in lithium. I do agree about the copper shortages and think those are great plays as well.
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Smart guy, he obviously knows his business. Also intelligent questions asked.
Thank you for the kind feedback, Wust. Adam is indeed very knowledgeable about this industry.
Adam is a pro! Any Uranium investor should listen to his thought process.
Adam is indeed worth listening to. His thought process around investing in general was interesting to hear. Thank you for being here, Nick.
Incredible. You might not be able to call yourself stupid for much longer. Fantastically researched questions. And Adam clearly a clever cookie. Thanks
Thanks, Reece. I appreciate the encouragement but I have a long way to go!
Thanks Antonio. This guest was a great find. Good questions and I like his insights.
Thanks, Jasper. Someone connected me to Adam, and he really is an interesting person to talk to.
I really enjoy every single ones of your interviews Antonio. Keep up the good work 👏
Thanks, Alex. Although, that's likely a function of the guests and definitely not a function of the host.
I had to watch only 3 minutes and got a screaming question!
How do they managed risk with such concentrated exposure in single sectors?
If I can find the time I will watch the whole interview.
I asked him about how he gets exposure to uranium later on. Mainly because of how obscure the market is. So, not only is the portfolio very concentrated, but some of the sectors are very niche as well. He had an interesting answer.
@@ResourceTalks Hey Antonio, thanks for the answer. I really prefer to see people I am not familiar with when they are talking and not only listening. (ATM I am watching a Denison video for the third time).
But in this case I am curious enough for an exception and don't wait for more parts on RUclips. Maybe I take a bath together with your podcast. 🛀🍷
Be careful not to fall asleep in the bath while listening to me!
@@ResourceTalks Oh, very kind, thanks. 🙂 With Talbot or Connor instead of you the risk would be higher. 😄
I am not going to argue that point!
I am invested with Adam and love the way. Thanks. Good interview Antonio.
Thank you for being here, Larry! How did you find Adam?
I originally found Adam through Jesse Felder. Jesse Felder would be a good person for you to interview. I agree with Adams take on the commodities. And love the way you keep asking on uranium because that is my favorite commodity also and I am frustrated.
Loved these questions dude. Great interview!
Thanks, Ben! Actually, my questions weren't anything special, but I appreciate the enthusiasm.
Patients is the best commodity. 🍻Antonio.
I disagree.
Patience is a good commodity to have when you have analytical skills, high IQ, work ethics, etc. If you've done the work and you know what you own you can afford to be patient. However, I noticed myself confusing patience with stubbornness and wanting to hold on to bad companies just because people said I should be patient.
Thanks Antonio.
Thanks for being here, Malek!
Looks like there is limited interest for the small modular reactors from NuScale Power.
How come?
1) STOCKS ...$ 250k 35% OIL; 35% Uranium; 15% Gold; 10% Silver, 5% CU.....2) CASH....$ 250k ...3) $ 75k Physical AU/AG
That's a solid portfolio. Aren't you worried that you might be overexposed to commodities?
The Next Time you have Rock Star Justin Huhn on could you ask him to clarify his timeline for the Bull Run: He said 3 - 5 years about 3 years ago and This Month with Andy H he has said 5 years a few times so maybe 3 - 5 Years from HERE - is the question
Timelines are a tricky business, because markets change. I wouldn't put too much emphasis on that.
Awsome interview 👍
Thank you. Adam is not hard to interview, so all credit should go to him!
One advantage of SMRs that rarely gets acknowledged is they allow the NARATIVE of fear of nuclear to be RESET to one of safety based on new transformative technologies that younger generations can believe in. A community that wouldn't permit a large reactor may accept several SMRs because they perceive the latter is safer (when in reality, large and small reactors are similarly safe). SMRs are needed to address the PR challenges of a skeptical audience, they are not needed because they are fundamentally better than large reactors.
That's a very good point.
Uranium. When? 165k lost since Nov 21.
I am glad still little profits
What were your expectations when you entered the trade?
@@ResourceTalks going out in 2023 with 20%-30% more than Nov 21, ( everybody said I was too conservative... Well look at now).
And Justin from uranium insider says it is the easiest trade he has ever had, the easiest bet.
Well i would to know your opinion...
That arrogance is not necessary
'2030'? Ha ha - I want my money NOW.....That why I sold most of my copper stocks when the RSI on them was over 70. No one is talking about crypto which - while btc has fallen heavily this week - has seen a huge move over recent months. Btc now at 28k and I'm hoping (if anyone says they 'know', they are talking rubbish....) it gets to 40k, at which price I am mostly out. Junior gold miners make crypto miners look like solid secure dependable investments - for a start, crypto management teams actually seem to believe what they say publically.....
Do you often use the RSI to make trades?
@@ResourceTalks Every time I think about selling a stock I check the RSI - I look at an RSI over 70 as a green light to sell. Buying a share is more difficult, but an RSI under 30 implies it's a good time to buy if I like the share.
How often does that work?
@@ResourceTalks So far, if the RSI is over 70 and I sell I pretty much hit peak price before the share retreats. Also, if I sell even tho' the RSI is only at, say, 60 or 65 the price usually goes higher than my sale price (further implying that waiting until RSI is at least 70 kinda works).
As said, buying is more difiicult - sometimes a share is just total rubbish and just stays low whatever the RSI.
Lithium is dead, the sodium battery was released this week. Doubt lithium can compete with that on price
You might be interested in reading the Club of Rome report and you will be surprised what stuff is already dead for 50 years now.
(This does not mean you are wrong about batteries. I am not into batteries.)
How long will it take before that actually works its way into the real economy?
@@ResourceTalks Its just one car manufacturer so far, but it uses salt which is free pretty much instead of Lithium, also the battery have less of Nickel and Cobolt in it compare to Lithium-Ion battery, so its far cheaper, quite a bit less energy density so it will mainly be the cheap electric cars that will start using it first. But on the other hand u have lithium battery in trucks soon. That also came this weektruck manufacturer Scania and battery producer Northvolt have manage to make a battery that will last 1,5 Million kilometer as a lifespan, which is normal life of a Truck. If Elon starts using Sodium based batteries then it will quickly be implemented by the rest. Maybe Tesla can make a short range Model 3 with it, would get the cost down (the battery in a Model 3 costs 13 500USD price of that car is 40k)
@@michaele.strasser9641 50 years well thats a bit to long horizon though :)
@@Lukky_Luke It is. In my entire life I met only 2 people in person with a reliable success rate about predicting the future far in advance.
Even though there was a lot of expertise and IQ in the Club of Rome, well, I won't say they were able to hit the nail, not even the right wall. My take on this is that predicting the future years in advance is a talent that's nearly impossible to find. Curiously even Wall Street ignores this year after year.
Sleepin on platinum
What are you using for platinum exposure, Ryan?
I've always known I was the villain.
😈
Aren't we all, sometimes, the villain?
That is a pretty weak evaluation of Lithium Miners in my opinion
How come?
@@ResourceTalks you should have Chris Berry on
Who is that?
Really don't think this guy understands the lithium market at all
What part do you disagree with, Matt?
First of all, he just dismisses the supply issues, stating we have always been able to scale up before, but that's a very superficial argument as it doesn't show understanding of why we have met demand, so far. It has mostly been from a few companies with great resources but those resources are hitting bottle necks. Now the Chinese are producing a lot with lipidolite but that actually will keep prices high as its a very high cost for break even with those sources. He stated that large amounts of investment has been made in lithium and that's not really true. There aren't big players like oil and gas or other metals that can justbuy up and fund projects to operation and most projects are very Capex intensive. Now lithium as an large fund investor can be scary as its mostly a collection of speculative plays as any one project can be derailed for many reasons. The lack of established players and established methods make it hard to know who is going to really make it big and if that's why he's not in it then ok. But to imply that we will just find a way to meet supply is dismissing it and shows a lack of understanding in lithium. I do agree about the copper shortages and think those are great plays as well.
What do you think it would take for lithium to turn around, and when do you expect that'll happen?
@@ResourceTalks lithiumbank