Episode Details

I’ve had a flood of new readers sign up to the Flying Frisby this week, I’m delighted to report, largely as a result of this article on bitcoin treasury companies and of this video on North Sea oil and the next Labour U-turn, which has been doing the rounds on the net.

So welcome everyone. I hope you enjoy the ride.

Today’s piece is going to be a bit of a hotchpotch, as I gather my thoughts and tidy up a few loose ends.

We’ll start with the macro. Are we in a bull market? Are the animal spirits back in command? Or have we just gone through a bear market rally?

It all depends on tariffs, I guess, and what is going on in the Great Orange Man’s mind. What plans does he have? That I cannot answer, but I will say the S&P500 looks like it might have just put in a lower high.

We want to be above that blue line.

If he goes full tariff again, all bets - well most - are off.

But thanks to the Great Orange Man’s pronouncements on uranium, our speculation Lightbridge Fuels (NASDAQ:LTBR) is now enjoying another of its spikes. If he goes full tariff again, all bets - well most - are off.

But thanks to the Great Orange Man’s pronouncements on uranium, our speculation Lightbridge Fuels (NASDAQ:LTBR) is now enjoying another of its spikes.

Sell the spikes, buy the dips has been the play here. We are on one such spike now, so if the recent pattern continues (it won’t continue forever, nothing does, but it might for a bit) then lighten up between $15 and $20 and buy if it goes back to $9 is the trade.

Sell the spikes, buy the dips has been the play here. We are on one such spike now, so if the recent pattern continues (it won’t continue forever, nothing does, but it might for a bit) then lighten up between $15 and $20 and buy if it goes back to $9 is the trade.

We have quite a well defined, trade-able range emerging here, as defined by the blue lines below.

I don’t see it going back to the $2.50-$3 area, where we were lucky enough to first stumble upon this stock, but $8.50-9 looks like the new floor. For now.

Remember: this was an $800 stock once upon a time, so there is a lot of upside left. One should probably keep some money on the table, in case we don’t get the dip.

Tell your friends.

The next Starmer U-turn

Turning next to the issue of the re-opening of the North Sea. Since posting that video our Glorious Leader has tightened ties with the EU, and in particular relevance here, its net zero goals. The UK now commits to net zero obligations “at least as ambitious as the EU”. “Want to get out of net zero?,” says Lord Frost in the Telegraph, “Tough: you can’t, unless the EU agrees”.

That said I am sure Captain FlipFlop will find a way of flipflopping his way round any North Sea ties and then spinning it.

There is a review this week. Surely even this government will realise importing Norwegian gas for (net) zero tax take, fewer jobs and a higher carbon footprint than producing our own makes (net) zero sense. More importantly it is gifting Reform. Maybe the needs of the Treasury mean Milibrain - Miliband gets overruled. We will know more as soon as today.

Adding another bitcoin treasury company to my portfolio

In a moment, I am going to take a