It has really been a while but wow- glad to be back. Teaching and taking care of family really takes time. But very thankful for my job and family-
So how was the first quarter of 2022? Quite volatile with supply chain disruptions and the invasion of Ukraine.
Fortunately, despite all of these negative events, I have been able to increase my returns.
Gold recovered well beginning February. I was booking profits left and right through swing trading.
I also amassed a large position in Newmont (NEM), which has been doing well.
My uranium stocks, UEC, UROY, and CCJ have done well. They recovered very nicely.
I have a large position for UEC and CCJ. I still swing trade both positions as well.
Then I swing traded oil, which has been also rising.
I also have been building a position on CLR.
So overall, a very nice quarter for me. My swing trading returned about 15%, which is great.
My long term positions have risen about 18% roughly. I trimmed some positions because it was rising too rapidly.
Overall, an excellent 2022 Q1, despite all the madness in the world.
For 2022 Q2, I expect that the volatility will continue with Russia breaking down Ukraine. Supply chain issues won’t be
resolved as evidenced by massive COVID19 lockdowns in China.
I will continue to swing trade gold and uranium while I keep increasing my long positions for these stocks as well.
I am also increasing my REIT positions but a bit more slowly because of the rising interest rates. Once REITs crash a bit
because of the sudden rise interest rate, I will buy more.
Currently, I am 20% cash and I am very happy about it. I put some of the swing trading proceeds to prosper.com for
I will try to post more updates but job and family have kept quite busy-
Thank You Jesus for another blessed day. Let us always be thankful and give all the Glory to You Lord.
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18