Balanced Portfolio

The gold miners have now played catch-up with the Gold price and actually extended a further 11%. We see no further edge in holding the miners over the physical gold

The investment case for uranium is more compelling than at any point in recent history, driven by a convergence of structural supply deficits, resurgent nuclear energy policy, and a dramatic shift in demand from the world’s largest technology companies—the so-called “Magnificent Seven” (MAG7)—as they race to secure clean, reliable power for their rapidly expanding AI and cloud data centers.