To The Moon

$Vault Minerals Ltd(VAU.AU)$ Took some profits off a big position. Not sure what short term catalysts will drive the next price action in gold so happy to reduce risk for now.

300k in WMB, 100k TRGP, 100k PNR.asx 300k CYL.asx, 100k RMS.asx, 50k LRV.asx, 50k MMA.asx.

I have remained overweight gold this year and will continue accumulating on dips. The Iran War has delayed gold's bull run, but it is not over. The underpinning macro forces driving the bull run remain firmly in place and are yet to be resolved.

$Vault Minerals Ltd(VAU.AU)$ Trimmed some goldies today to lock in some profits. Still alot of uncertainty about hormuz and rates.

It's really hard to tell short term if a deal gets done. However, there is clearly appetite for rate hikes at the Fed and inflationary pressures are mounting. I definitely wouldn't write off rising interest rates yet, but I'm very long gold regardless. I don't see a medium term scenario where the gold price doesnt continue marching higher due to the grinding debasement of the USD.

$KMI 20260731 31.5 PUT$ Didn't get assigned, so get to sell another tomorrow. It's nice getting paid to wait for your fav stocks to get cheaper!

$DRAM 20260807 30.0 PUT$ Easy theta gang lunch money

$DRAM 20260717 38.0 PUT$ Picked up some lunch money. 

$HAMMER METALS LTD(HMX.AU)$ With competing bids for a growing resource base, HMX offers an interesting merger arbitrage play. I expect LRV to win, but competitive tension always helps get a better price.

$WMB 20260710 76.0 PUT$ Assigned on a PUT option. Ready to ride up on the next wave higher.