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Uranium and the S&P

Cory
January 10, 2017

Doc is with us to discuss some his overall outlook for Uranium and the US markets, more specifically the S&P. We also share some of the Uranium stocks that we like in the sector and how to play the move up.

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Discussion
17 Comments
    Jan 10, 2017 10:04 PM

    Doc and Matthew, what is going on at TAHO? Looks like a bargain now, but Chuck Jeannes just joined their board. Is he THAT toxic? Is something going on with the government in Guatemala? What do your charts say?

      Jan 10, 2017 10:17 PM

      BB; I’ll say one thing: TAHO doesn’t look like it’ll take a good bid any time soon. This thing looks like it wants to challenge its’ lows in the low sixes.

      LPG
      Jan 10, 2017 10:17 PM

      Hello Bonzo,

      Hope all’s well and happy new year to you.

      I just saw this recently re: TAHO, so thought it might give you food for thought:
      http://incakolanews.blogspot.fr/2017/01/tahoe-resources-thoto-taho-so-bad-even.html
      I don’t own TAHO, never did, and don’t follow the name btw. So this is just “FYI”.

      Best as always,

      LPG

    Jan 10, 2017 10:40 PM

    Interesting discussion as always Cory. Your readers can get the same feeling from reading this Hussman article. He sees a 50-60% correction although likely over many months. here’s some good thoughts here if you have the time: http://hussmanfunds.com/wmc/wmc170109.htm

      Jan 10, 2017 10:25 PM

      DJIA closed below the 20 sma. Could be telling. I have no investments in the conventionals. The potential for gains IMO are too small to warrant buying in. If I had any monies involved, I’d be exiting! JMO

      Jan 10, 2017 10:50 PM

      Thanks Silverdollar, but I can’t remember anything but negative articles from Hussman over several years of reading his reports.

      In the end I had to stop reading his stuff as it was making me depressed and helped stopped me investing as the markets just continued up.

        Jan 10, 2017 10:54 PM

        I understand you feelings. Personally, I read him to balance out the high pressure sales tactics that the majority typically use at a top. Thanks for your comment.

    Jan 10, 2017 10:34 PM

    Uranium Stocks Multiple Candle Glance Charts:

    (Does anybody else notice a trend?)

    http://stockcharts.com/freecharts/candleglance.html?URA,CCJ,DNN,UUUU,URRE,URG,UEC,AL.V,UEX.TO,NXE.TO,FCU.TO,ARY.V|B|0

    Jan 10, 2017 10:53 PM

    All have volume spikes and Cameco is the only one without a cross on the MACD. I own UWE and see that it is heading for a MACD cross too. Very speculative.

    http://stockcharts.com/h-sc/ui?s=UWE.TO

      Jan 10, 2017 10:34 PM

      Nice Dan, calgary. Yep, money has poured into the Uranium space over the last few weeks, and yes most had MA crosses recently. It’s been fun to see so much green on the screen.

        Jan 11, 2017 11:19 AM

        UWE up 42% on the day at the moment. I have hung on to this stock for well over a frustrating year or so but have been rewarded lately. (;-D

    Jan 10, 2017 10:45 PM

    What happens to the uranium stocks if / when the DOW has a turn down – do uranium stocks go down as well?

    I know that is an impossible question to answer but everyone seems so bullish on copper, gold, silver and now uranium also… one has to wonder how these will do if the conventional stocks eventually correct.

      Jan 10, 2017 10:52 PM

      If you believe in the business cycle, in say the third out of four phases of the cycle, commodities and energy rise. Maybe that’s the phase of the cycle we are in. And then in the last phase of the business cycle, commodities and energy fall. So you are right to be wary. I’m not an economist and if I got it wrong, please someone correct me.

        Jan 11, 2017 11:25 PM

        Thanks. Interesting.