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NIKL · Sprott Nickel Miners ETF $14.24 -0.12 (-0.87%) 2026-SEP-18 12:32 EST

My allocationNot heldas of 2026-SEP-03 · allocation page ↗
Research: QT · SA · STK · FA1 mention
2025-NOV-16 · Paulo Macro · Paulo Macro (Substack, paid) · Neutralmention · read ↗ · source page ↗$14.11

In short: The screening vehicle, not a recommendation: a "laughable" $22mn-AUM, -30%-since-launch ETF (top 10 = 77%) that shows just how invisible nickel is. He mines its holdings for ideas — flagging its #6/#7 (Talon, Magna) as his picks and dismissing the Indonesian/oversized top names.

In plain English

NIKL is a small exchange-traded fund that holds a basket of nickel-mining stocks. Paulo doesn't recommend buying it — he uses it as a shopping list. Its tiny size (~$22 million) and poor performance are themselves the point: they show how ignored ("invisible") nickel is. He goes through its top holdings, throws out the ones in bad jurisdictions or too big to move much, and lands on two smaller names (Talon and Magna) that fit his checklist. It's a screening tool, not the trade.

SOD $14.11 (open 2025-NOV-14)

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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.