A nervy week ahead of the Fed meeting makes a good time to sell a few stocks into strength to manage margin pressure
Portfolio News
In a week where S&P 500 rose 0.34% and Europe rose 0.6%, my pension portfolio rose a solid 1.9% - more uranium and gold and silver than the indexes.
Big movers of the week were Bayhorse Silver (BHS.V) (73.3%), Azincourt Energy Corp (AAZ.V) (33.3%), Power Minerals (PNN.AX) (27.7%), ChargePoint Holdings (CHPT) (27.3%), Genmin (GEN.AX) (22.2%), Cauldron Energy (CXU.AX) (22.2%), Mithril Silver and Gold (MTH.AX) (22%), DevEx Resources (DEV.AX) (17.6%), Curaleaf Holdings (CURA.TO) (17%), Earths Energy (EE1.AX) (16.7%), Coronado Global Resources (CRN.AX) (16.4%), Sunrise Energy Metals (SRL.AX) (16%), Cettire (CTT.AX) (15%), AIC Mines (A1M.AX) (13.8%), CGN Mining (1164.HK) (13.3%), Whitehaven Coal (WHC.AX) (12.8%), Lotus Resources (LOT.AX) (12.5%), Stroud Resources (SDR.V) (12.5%), Bannerman Energy (BMN.AX) (12.3%), Uranium Energy Corp (UEC) (12.1%), Alligator Energy (AGE.AX) (12%), Aura Energy (AEE.AX) (11.8%), Advance Metals (AVM.AX) (11.7%), Titan Minerals (TTM.AX) (11.4%), Zinc of Ireland (ZMI.AX) (11.1%), Geiger Energy Corporation (BEEP.V) (11.1%), TechGen Metals (TG1.AX) (10.3%), Elevate Uranium (EL8.AX) (10.5%), Stuhini Exploration (STU.V) (10.3%), 29Metals (29M.AX) (10.3%), IsoEnergy (ISO.TO) (10%)
31 stocks in the big movers list - a bit quieter than the week before. The big themes are much the same - from the top - gold/silver mining (9 stocks), alternate energy (5 stocks), uranium (11 stocks), marijuana (1 stock). Interesting to see a different two ASX coal stocks in the list.
US markets went into nervy mood awaiting the Federal Reserve meeting next week - a mix of records and down days.
Missed the news item of the week before about the impact of the Comex outage on silver prices. What is clear from the two weeks of big movers lists is that a whole bunch of silver miners look a whole lot better at prices over $55 an ounce.
https://www.mining.com/silver-price-hits-new-record-following-comex-outage/
Crypto Recovers
Bitcoin price pushed higher but could not pass resistance level on the 4 hour chart (red line in the middle) finishing the week 5.8% higher than the open with a trough to peak range of 12.2%.
Ethereum price pushed lower and bounced finishing the week 10.5% higher than the open with a trough to peak range of 19.2% - a much more confident step back up.
Aave (AAVEBTC) the lending protocol reversed with a 14.7% rise .
Nuclear Energy Holdings
A few changes to nuclear holdings with one sale and one addition and the monthly auto-invest on ASX side. Key change is 5.7% increase in valuations.
Mix of holdings sees Cameco Corp (CCJ) dropping 1.1 points at the top. Biggest change is Yellow Cake plc coming into Top 10 in slot 4. Silex Systems (SLX) drops 3 places into slot 8 on the sale there. Dropping out of the Top 10 is Range Nuclear Renaissance ETF (NUKZ). Share of portfolios rises to 33% - getting on the high side for the right reasons.
Holdings by stage sees an 0.8 point increase in Producing (value change) and a 1 point drop in Enrichment based the sale there.
Alternate Energy Holdings
Finally processed the delisting and capital returns from Leo Lithium (LLL.AX) as a sale. The remnant parts of Leo Lithium and Firefinch (also delisted) do have some residual value as there are royalty payments coming from the lithium mine in Mali. - but impossible to value.
No additions this week and a 0.8% drop in valuations. Opening balance was changed - found a few errors in the spreadsheet. Would love to find an automatic way to do this.
Opening balance changes and valuation change pushes ChargePoint Holdings (CHPT) into slot 1. Vulcan Resources (VUL.AX) drops 3 places to slot 10 after a horror private placement pricing release - 37% discount to VWAP = ouch. ChargePoint Holdings (CHPT) produced strong results which pushed price close to and above covered call strikes - will write some more naked puts.
Bought
Energy Fuels (UUUU): Uranium. Used the pullback to add a small parcel to managed portfolio - keen to be open-ended.
Chart shows the stock purchase at the big pink arrow. Price has made a clear reversal off a mini-support level. Now looking for the run to previous highs. There is a lot of profit below the big pink arrow - and much much more if price does reach to the high by April 2026.
Sold
Sold a few holdings in pension portfolio to clear margin pressure
**L'Air Liquide S.A.: (AI.PA): Specialty Chemicals. Sold half the holding assigned the week before for 0.48% loss vs breakeven. Loss looks worse when French transaction taxes are applied.
Alerian MLP ETF (AMLP): US Oil. Sold half of holding for 2% profit since October 2025
Silex Systems Limited (SLX.AX): Uranium Enrichment. Took out profits in pension portfolio to fund the next two months of pension payments - locks in 115% blended profit since February/March/August/September 2024/May/August 2025. Originally a Uranium Insider idea - have since turned off that subscription - one year was enough to get a clear strategy. Profit alone covers more than one month pension.
South 32 (S32.AX): Base Metals. Been watching challenges South32 has had keeping its aluminium operations in Mozambique and Western Australia running with high electricity prices and electricity supply problems. Took the chance to exit the holding in personal portfolio just below breakeven - 1.5% profit since April 2024 less trading costs which makes it a small loss exit. The sale does forego some copper and zinc operations.
ASX Portfolio
The segment reports trading in ASX fractional share portfolio. Only auto-invest trades this week
AutoInvest
$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 0.5%
- Vanguard Australian Shares Index ETF (VAS.AX): Australian Index. Yield 3.1%
- Vanguard MSCI Index International Shares ETF (VGS.AX): International Index. Yield 2.4%
Income Trades
Covered Calls
37 covered calls written across 4 portfolios - slowly building back (UK 4 Europe 5 US 28)
Naked Puts
Sold puts happy to own at lower prices
- Commerzbank AG (CBK.DE): German Bank. Return 1.23% Coverage 8.7%
- Rolls-Royce Holdings plc (RR.L): Aerospace/Defense. Return 1.28% Coverage 5.4%
- POSCO Holdings (PKX): Korean Steel. Return 1.1% Coverage 5.9%
- Westwater Resources (WWR): Graphite. Return 15% Coverage -1% but up to 3.5% at close (Dec 5) - will make a good 15% discount if assigned.
- Hecla Mining Company (HL): Silver Mining. Return 3% Coverage 14.9%
- Commerzbank AG (CBK.DE): German Bank. Return 1.29% Coverage 4.9% - two weeks only
- Deutsche Bank AG (CBK.DE): German Bank. Return 0.83% Coverage 4% - two weeks only
- Deutsche Bank AG (CBK.DE): German Bank. Return 1.25% Coverage 2.3% - two weeks only - tighter strike
- Fresenius SE (FRE.DE): German Healthcare. Return 0.5% Coverage 3.7% - two weeks only
Credit pension portfolioreads
One new credit spread - keeping sold puts down to manage margin risk
Mastercard Incorporated (MA): Payment Services. ROI 36.4% Coverage 0.9%.
Idea from my son - he understands the industry. Quick chart to show credit spread thinking - price has made a reversal and has pushed above 50 day moving average (red wavy line). Do not want to buy there - happy to buy around the previous but one low (chose the sold put (537.5) there) but want protection if price drops to the previous low (530)
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
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December 1-5, 2025