New Investment ETFs focused on the critical minerals space + Technical Analysis: GLBE, VKTX

Energy, uranium, copper, and lithium investments added to the Nasdaq

Welcome back everyone! I would like to thank you all for reading (or pretending to read) The Tobin Report. According to Substack analytics, The Tobin Report is read across 17 US states and 9 countries…pretty cool.

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Okay…back to work.

In this report, I cover two things:

1. 4 new ETF’s focused on the critical minerals space

2. Technical analysis from readers’ ticker submissions

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Underground Mining

1. New Investment ETFs focused on the critical minerals space

Sprott Assett Management recently launched four ETFs that are focused on critical minerals related to energy, lithium, uranium, and copper. As I have mentioned many times in The Tobin Report, I believe we will see a shift from investing in big tech to critical minerals, energy, and commodities. The leadership change has already started. This shift does not happen overnight but HAS already begun.

If this is an area that interests you as an investment for the long term, consider these new ETFs. Each represents a basket of mining, development, and exploration companies; all four ETFs are managed by one of the best in the space, Sprott Asset Management.

⚒ Sprott Energy Transition Materials ETF (Nasdaq: SETM)

⚒ Sprott Lithium Miners ETF (Nasdaq: LITP)

🛠 Sprott Junior Uranium Miners ETF (Nasdaq: URNJ)

⚒ Sprott Junior Copper Miners ETF (Nasdaq: COPJ).

Investment Thesis

The biggest thesis behind investing in these minerals and metals is simple:

The world is moving toward carbon-neutral by 2050…or will at least be ATTEMPTING to and there just simply is not enough of these metals to go around.

Plain and simple. Economics 101. Lots of increasing demand…not enough supply.

Understand, however, these are NEW funds and may experience lower liquidity initially and thus, be a bit more volatile.

Please do your own research and don’t just blindly invest in them because you read it here.

Thought I’d share these with my readers. 😎😎

2. Technical Analysis

👉 GLBE, VKTX

To continue from last week’s ticker submissions, let’s look at a couple more requests. Again, thank you for all the requests!

Not Investment advice. Educational technical analysis only.

GLBE - Global-E Online

Below is the daily chart going back a little over a year. As a reminder for those who are new to charts: each vertical bar in red/green represents the trading price range of one day. Red bar means price closed lower than it opened. Green bar means price closed higher than it opened.

Okay, here we go…

No lines, no arrows, no opinions or bias. Price at $28.71 at the time of this report…👇

Same chart below 👇 but this time with a white trend line. This line is un manipulated…it draws itself. Red arrows signal a price test against this trend. You can see price is swiftly rejected before moving lower.

Notice the basing pattern where price oscillates as it finds a bottom then breaks out of that down trend line going back over a year. It’s not the most decisive breakout…but a breakout nonetheless, which is bullish.

Now let’s add the 150 day moving average in orange. 👇 You can see the trend is no longer down. Price wants to move higher…and recently came back to re-test that trendline before setting up to go higher.

For GLBE…I’m leaning bullish.

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VKTX - Viking Therapeutics

Only one chart needed for this analysis. 👇👇

Long story short…it’s run too far, too quick.

This is not to say it won’t go higher but I don’t like to buy into something that has almost tripled in two months.

Yes, good reversal from bearish to bullish on the trendline, but there appears to be more risk to the downside than the upside.

Add that to the fact their earnings are negative and recently reported a larger loss than expected…

VKTX is a no go for me.

There you have it. Hope you enjoyed…and again, thank you for reading…please consider sharing so others can read The Tobin Report.

Eric