Ryan Stancil,
Editor
Aug. 31, 2024
Since last week: All eyes were on tech as Nvidia reported its earnings.
1. Nvidia Slides
Nvidia reported earnings this week, and it beat expectations as many hoped it would. This made it one of the few standouts in the ailing tech sector and showed just why this company has the reputation it does. Even as the price slid following the news, NVDA will no doubt continue to be a cornerstone of many portfolios over the coming quarters. Yet, there are other smaller sector players that are poised to do even better. Click here to learn more about those companies and how they can make you rich.
2. US Gives Ghana Nuclear Power
Ghana is getting its first nuclear power plant thanks to a pact with the United States. It will be getting a Small Modular Reactor (SMR), to be exact, and this will help the African nation in its transition to a 21st-century energy grid. This makes a strong argument for SMRs, which many advocates say will lead the world in installing more nuclear power, which is the only way to keep up with energy demands while moving away from fossil fuels. That’s why uranium is one of the best investments in the commodity supercycle as demand is only going to go up. Click here to read more about one uranium company, along with two others in the commodity space, that are set to do very well in this bull market.
Footage reveals America’s biggest gold mine…
NOT yet public knowledge
I recently put my boots on the ground in a remote site in Idaho… a place not accessible by typical transportation.
And what I discovered has blown away anything I’ve seen in my decade in the gold and resource sectors.
This is the single biggest undeveloped gold mine in America. Not second or third… but #1. And absolutely NOBODY knows about it.
That will all change soon, thanks to a shocking announcement that’s expected any day now… one that will launch one $4 gold miner to unprecedented new heights.
Click here for the full story.
3. Kazatomprom Cuts
Speaking of uranium, Kazatomprom, the world’s top producer of yellowcake, announced it will be cutting production targets next year. The state-owned company cited many different reasons for the shortfall. Yet, the bottom line is that this comes at a time where uranium demand is expected to rise further as nations around the world seek to move away from Russian-aligned suppliers such as Kazakhstan, where Kazatomprom is headquartered. That means uranium miners in more stable jurisdictions, particularly in North America, will be picking up that business. Click here to learn more about one particular company that will be one of the best investments in the sector because of that.
4. Crypto Prices Stagnate
Cryptocurrency prices continue to be in a slump as traders wait to see how rate raises will play out. Though Bitcoin recovered some of its losses from a sharp decline earlier this week, it’s still a ways off from its all-time highs. Even so, it has many different factors in its favor, and this recent downturn could present a strong opportunity for investors. Click here to learn why Bitcoin still has a lot of room to run and what a turnaround could look like.
Scared? Do this…
Everyone has a plan until they get punched in the face.
Markets just got punched in the face as market volatility spiked to 2008 levels in a single week.
Yet half the Foundational Profits portfolio was unphased or hit new highs.
Don’t mess up the next market move. Follow someone who is managing real capital over the long-term.
You can see the entire portfolio, risk-free, here.
What to Look For
Emerging economic indicators seem to be keeping pending rate cuts on track.
Keep your eyes open,
Ryan Stancil
Editor, Daily Profit Cycle