Good Wednesday morning. US markets will be closed tomorrow for Thanksgiving with a half day of trading in Fridays session. There will be no VRA Letter on Friday.

This evening at 7PM EST we will have a brief Zoom meeting with Lost Soldier Oil and Gas to celebrate their Wyoming discovery and award of a Yates decision by the BLM. Look for your email with Zoom link later in the day.

VRA Market Update

All eyes were on Nvidia earnings at the close yesterday and they did not disappoint. Q3 earnings estimates were $3.36/share while actual earnings came in at $4.02/share. They crushed on revenue as well, coming in with roughly $18 billion in revenue while estimates were in the $16 billion range. Nvidia’s revenue grew 206% year over year.

From the bear market lows of 10/13/22, NVDA is up 349%. While we don’t own it in the VRA Portfolio, we do own SOXL (3 x Semi ETF), which is up 283% over the same time frame.

Check this out: Net income, at $9.24 billion was up from $680 million in...