Sign up for our next webinar! This Thursday July 9th at 12:30pm PDT
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Please register for KE Report featuring Doc – What would you like us to look at? on Jul 9, 2015 12:30 PM PDT at:
https://attendee.gotowebinar.com/register/1915937861999130881
This will be the second Korelin Economic Report with Richard “Doc” Postma. This webinar will be investment focused again.
We would like to hear which charts/stocks you want us to touch on. Please either comment on the editorial on Tuesday that mentions this webinar or email Cory directly at fleck@kereport.com.
Thanks for your continued support.
Cory, Al, and Doc
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Done and thanks
We appreciate you Big Al & Cory. Looking forward to more visual charting from Doc.
I’d love to see some technicals and thoughts on ADXS, VDSI, YMLP, MEI, and AMBA.
MEI was recently downgraded to a sell by a couple of analysts, back around beginning of July…..may account for price action..
I like AMBBA and the company (vi slab) it just bought. Zaxs has rated it a strong buy for a while.
Vislab. My iPad incorrecting again
Done to you too Wiseguy. Thanks, man
Also UEC/URRE
URRE looks oversold to me at present Wiseguy. It is far below both it’s 200 day moving average 50 day moving average, bouncing/consolidating off the bottom bollinger band, RSI at 30.20, Slow Stochastics way down in oversold territory at 19/13, and the MACD is about to cross in a bullish way. Uranium Resources are currently acquiring a Turkish insitu-Uranium mining company to fast track the production there. They’ve been around a long time, and have several other mines and assets permitted and ready to pounce on a higher Uranium price.
Not investing advice, but just my 2 cents.
http://stockcharts.com/h-sc/ui?s=URRE&p=D&yr=1&mn=0&dy=0&id=p38602157424
UEC – Uranium Energy Corp looks even more oversold, and is kind of a mess due to the potential lawsuits. An ugly chart, but it’s been liquidated a bit too much lately.
http://stockcharts.com/h-sc/ui?s=UEC&p=D&yr=1&mn=0&dy=0&id=p19059606855
However, UEC may still fall a wee bit further until all this gets sorted out, but when it moves up, there should be some pep in its step.
While reviewing Uranium companies, here is the 4th big merger in just the last few months. I just started building a position in Denison last week but should have waited one more week. This week Uranium has gotten thrashed, and typically when a company announces the acquisition of another it takes a hit, so it was a double beating on Denison. However, longer term, I really think both Denison and Fission have great assets, so combining is very strategic and they’ll be a powerhouse.
Denison Mines and Fission Uranium to Merge
Monday July 6, 2015
http://uraniuminvestingnews.com/22509/denison-mines-fission-uranium-merge.html
One last Uranium Article for the day. This is yet another big consolidation of assets in the Uranium space:
_______________________________________________________________________
Anfield Resources and Uranium One Sign Definitive Agreement For Shootaring Canyon Mill
Monday July 6, 2015
Anfield Resources (TSXV:ARY,OTCQB:ANLDF,FWB:0AD) has amended and signed definitive agreements with Uranium One (TSX:UUU) for the acquisition of the Shootaring Canyon Mill and substantially all of Uranium One’s conventional North American assets. Anfield will work with the TSX Venture Exchange to receive approval for the transaction, and the deal is expected to close by August 15 2015.
Assets included in the transaction are:
The Shootaring Canyon Mill and license, located in Garfield County, Utah;
The Velvet-Wood uranium project, located in San Juan County Utah;
Surface stockpiles containing uranium mineralized material;
A 50% interest in a joint venture on the Wate Breccia Pipe in northern Arizona, the joint venture partner being Energy Fuels Inc.;
The Frank M uranium project, located in Garfield County, Utah, approximately 12 km from the Shootaring Canyon Mill;
Additional uranium exploration targets located in southeastern Utah, northern Arizona, and South Dakota;
Royalty interests in four uranium development projects.
http://uraniuminvestingnews.com/22496/anfield-resources-uranium-shootaring-canyon-mill.html
In following the Uranium mining industry since 2010, I have NEVER seen this much consolidation as the last few months:
– Energy Fuels acquired Uranerz
– Uranium Resources sold it’s Roca Honda Project to Energy fuels, and then URRE is acquiring Anatolia Energy in Turkey
– Boss Power is acquiring Anthem Resources
– Denison is now acquiring Fission
– and now Uranium One is selling all its N. American assets to Anfield Resources
This space is really getting wild with the M & A. Who’s next Ur-Energy? Kivalliq? Strateco? Bayswater? Forum? Centrus? Laramide? Toro? UEX?
Should Energy Fuels Inc. (UUUU) Be On Your Radar Now?
July 06, 2015
by Zacks Equity Research Published on July 06, 2015
http://www.zacks.com/stock/news/180547/should-energy-fuels-inc-uuuu-be-on-your-radar-now
BTW – Big Al/Cory/Doc – I’m Not recommending these companies be covered on Doc’s presentation. My recommendations on the ETFs that could be covered are at the top, but Wiseguys question sent me on a whirlwind of Uranium research, and I thought I’d just post what I was reviewing that seemed noteworthy in this space.
Cheers!
China is the biggest holder of US Debt, I believe. What happens if they decide to sell that debt, in order to use the money to prop up its economy, instead of printing more RMB?
54% of all Chinese stocks stopped trading because of liquidity issues. Says zerohedge.
can we trust zerohedge on this one………… 🙂
Meanwhile in Russia:
Russia is boasting a major advance in electronic warfare technology enabling Vladimir Putin’s armed forces to zap foreign military satellites, and “switch off” enemy weapons.
The new system will muzzle the guidance systems of Western cruise missiles and other high-precision arms, it is claimed.
Its Russian makers say it is a “fundamentally new electronic warfare system” which can be mounted on ground-based as well as air- and sea-borne carriers.
Russia’s Radio-Electronic Technologies Group (KRET) deputy chief Yuri Mayevsky said: “The system will target the enemy’s deck-based, tactical, long-range and strategic aircraft, electronic means and suppress foreign military satellites’ radio-electronic equipment.”
Remember when a Russian plane flew a US DESTROYER near Istanbul and locked up defensive systems a few months ago?
This is the latest system which they claim will lock-up offensive and defensive capability.
I wonder if they will sell them to the Chinese!
The Chinese are just about finished building a runway on the disputed Spratly Islands.
FOIA produces interesting result!
A federal health official dealing with the surge of illegal immigrants last year at the southern U.S. border ripped President Obama for the months-long crisis, calling him a “Marxist” and “the worst pres we have ever had,” according to newly released internal emails.
The emails, obtained and published by the conservative watchdog group Judicial Watch, show a June 9, 2014, exchange between Centers for Disease Control and Prevention logistics specialist George Roark and agency public health adviser William Adams.
cdc-official-called-obama-marxist-amateur-over-2014-border-surge according to Fox News.
Two news side by side on goldseek.com are very interesting. One says that silver ends at 6 year low and the other one says that US Mint runs out of silver coins. This world is so distorted.
Hope I can load some shares and ETF tomorrow.
Amount lost on Chinese stock market now adds up to $3,000 Billion.
I,e $ 3 trillion.
Relatively little personal wealth for Chinese people is put into the stock market. (On average only 15%)
They haven’t had time yet. If the market goes up another 2 years, it wil be different.
Many shops not accepting credit cards in Greece, only cash!
Says BBC NEWS.
A CASH DISCOUNT WOULD BE IN ORDER……..AT LEAST 1%
CHECK OUT THE …………FOOD LINES IN PORTUGAL………see zerohedge.
I guess they do not have SNAP cards….
IBB has been one of the leading sector of this bull market. If the stock market is topping, how low can IBB go down? That is the question I want to ask Doc. Also what does he think of IWM chart, long term?
Thank you
I’ll just repost my feeback from June 18th:
On June 18, 2015 at 4:42 pm,
Shad says:
Today’s webinar was great Al – Cory – Doc. I liked the format, but did think it was better when Cory used the mouse to highlight the part Doc was discussing, but know he had his hands full answering questions.
The format of reviewing the Monthly – Weekly – Daily chart break downs for each equity covered (GLD, HUI, specific stocks) was great. I like that Doc & Cory both took time to explain some of the basics in technical indicators for Trend-lines,
Moving averages, Wedges & Triangles, Bollinger Bands, RSI, MACD, ADX, and Slow Stochastics. Other than Japanese candle patterns, Elliot Wave & Fibonacci retracements, those are the primary things most technical traders use.
*As for suggestions on stocks, commodities, or ETFs to cover – here are a few ideas:
1) What was missing was the Jr Miners!! – (GDXJ) would be the obvious choice for Jr Gold miners and relates also to those that trade (JNUG) or (JDST). I still like (SGDJ) better, but it isn’t as liquid or as followed as GDXJ.
2) (HUI) is often and sited and used as a barometer for the gold miners, but it is really weighted too heavy on the top 7 Majors, and I think (GDX) is a much better representation of the Gold mining complex with a far better number and balance of Majors, Mid-tiers and few smaller producers. (GDX) is a better representation of the gold miners than (HUI), but many have used HUI for so long as the proxy that it is just an old tradition. Once again, I like the weighting and makeup of (SGDM) better, but (GDX) is more liquid, and would directly correlate for those that also trade (NUGT) and (DUST).
3) The US Dollar index would be helpful, or at least the ETF (UUP).
4) (TLT) or (TBT) for the long term treasuries
5) For Oil and the Energy Sector the ETFs – (XLE), (XOP), and (OIH) would be good for each respective area.
6) What about SILVER? The obvious ETFs would be – (SLV) for spot, (SIL) for Miners, and my favorite (SILJ).
There are obviously tons of individual stocks that could be reviewed, but the beauty of the ETFs are that they are more general for a sector and may be more universal.
Thanks again Al – Cory – and Doc.
P.S. – Doc, I hope you bought enough cookies to share with the whole class 🙂