A technical outlook for Uranium and Gold
Today with Rick we focus on the Uranium chart in terms of the Global X Uranium ETF, URA, which is the largest uranium ETF. Rick also shares his outlook for gold and GDX.
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Wow!! It got off to a slow start but that 2nd half was amazing! At least we got 1 good playoff football game this weekend 😉
I’m glad I did not bet because I thought Bama was going to cover…
SRPT also just takes off.
Bio- and Pharma looking interesting
I used today’s strength in the Uranium miners to unload much of my Uranium Resources position while it was surging about 25% on the day.
Most of the Uranium stocks are up 5-20% on the day. Just like they have been most days the last 2 weeks. Refreshing! (oh….and profitable 🙂 )
Uranium Stocks Multiple Candle Glance Charts:
(Does anybody else notice a trend?)
I noticed URA and all my Uranium stocks were screaming today except for Western Uranium, only 2%. My largest mover today was Mega, which was up 27%
Love Rick and Cory but football is boring. Here in Asia the girls are too hot to watch boring football. heheheh
Rick, you are one of the very best in business thanks for your sharing.
I have a Q about URA – I collected almost 1$ dividend last month – which is 1$ gap down in the chart.
This is extremely high div payment but this is the management policy.
How would you take into consideration these movements with gaps on the chart not based on trading activity if you take it into consideration at all?
1$ gap is something not to be ignored, at least as I look at the market.
I am not trying to paint the chart but adding 1$ would be impulsive rally exceeding former highs.
What do you think?
Last one, sorry … I own the GOEX which is global X explorers which gave back 28% in div last months.
The same Q , how to use technical’s for this ETF?
Thanks for your free and educational stuff!!!
Cheers
Ohad
Cory, how about the game last night.