Bakes' Takes Podcast 1/1/2021 1) Bitcoin 2) Uranium 3) Cannabis. You know, the usual.

Bakes’ Takes Podcast Show Notes Sunday January 1, 2021   :32 1) Bitcoin, I’m no schoolboy but I know what I like. 2) Uranium, start me up 3) Cannabis, it’s all over now.   : 48 Bakes’ Takes—My Themes/Groups   : 51 Happy New Year. Please send your questions and feedback. Plan to be more consistent, build website, launch newsletter (free and paid), add guests (please send candidates), post more, etc. Need to monetize, I appreciate your help in advance.   Thank you for a great 2020. Let’s build and add value to our community in 2021.   1:38 Why I do this—Bobby, Jack, please listen in. Mass affluent in their 50’s receives plenty of advice, I don’t see 56-year olds coaching 20’s. Enjoyed successes, suffered failures, learned, now I can teach.   2:17 ’87 crash, journey, technical analysis first, fundamentals second, not right or wrong, just works for me. read WSJ, Barron’s Economist, listen to podcasts, devour relevant newsletters, monitor what Google alerts bring. Point you to them, but if you don’t want to do that, please know that I’ll do it for you and I eat home cooking, I have no conflicts.   4:18 With that, here is where we are and how we did with our methodology.   4:38 Started this 7/1/20. GBTC/Bitcoin +110%, sold half after doubled in a month. North Shore Uranium/URNM + 40%. Cannabis/YOLO +24%. Overall, up 13.7% in 2H. Not bad, 60% invested.   5:47 Brings up another point—institutions need to be fully invested, hug indices to some extent. They have to own some financials, energy, biotech, etc. We can discover themes and exploit them. Focus on making money every year.   6:21 This year, more detailed, specific. Robinhood, Fido—symbols, what I buy/sell. Not investment advice. Please conduct, and share, your own due diligence.   6:52     7:21         8:47   9:15 High volume breakout above $15 suggested sea change, then the news came, PayPal, Tudor Jones, etc.   9:51 Monthly chart even better. Look at NH’s volume accelerating to upside.   https://www.cnbc.com/2020/11/24/bitcoins-on-track-to-74000-trader-says-as-crypto-nears-records.html   10:29 Todd Gordon, founder of TradingAnalysis.com     11:15   12:04 Pomp is all over crypto. I recommend the Pomp Letter and Podcast too. James Altucher too. To those who want to own Bitcoin directly, these two are good sources. Brokers, custodians, fees, etc.   13:00   13:17 Here are my 10 reasons I bought URNM from our 7/25/20 podcast. https://www.youtube.com/watch?v=6FD4J4StWpY&t=10s I have relayed my buy/sell discipline, keep checking on bull case pillars. Here bullish points keep piling up.   14:22 North Shore Global Uranium Mining ETF/URNM https://www.urnmetf.com/posts/uranium-prices-inflection-point   Bakes’ Takes highlights…   14:39 Increasing Demand – The Expansion of the Global Nuclear Fleet 440 nuclear reactors operating globally 54 are currently under construction and expected to be operational by 2026, and an additional 110 are on order or planned.  Unlike the last decade when new nuclear plants coming online were balanced by old nuclear plants being retired, by 2040, the global nuclear fleet is projected to expand by 135 reactors. More reactors will require more uranium to produce energy.   15:38 Shrinking Supply – The Market Is Already in a Supply Deficit Position   Uranium mining production is contracting just as demand is expected to increase.  There are currently only 62 companies exploring for uranium compared to 420 just before the Fukushima incident.   Currently, mines are producing only 79% of the uranium required by utilities.   16:08 Wildcard – US Strategic Uranium Reserve   Nuclear power plants generate 20% of US electricity, but comparatively little comes from US mines.  If a US uranium reserve was established, this could further widen the supply deficit.   Why Prices May Rise   16:31 US and European utilities have largely run down their inventories, removing one source to fill that supply deficit.  In order to entice mining companies to produce more urani