Looking To Uranium, Bio-Tech, Online Retailers, and US The US Oil Market
Chris Temple and I discuss a number of sectors that he thinks are being overlooked by investors especially those who are too focused on the metals sector. We chat about the Uranium sector and bio-tech in terms of opportunities. Online retailers had a Supreme Court ruling regarding state sales tax hit them today and the US oil market is still ramping up production but there is lack of refineries which is hurting the growth story.
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You’ve got that covered, Spanky, and it’s pathetic.
Gold hasn’t been this oversold since 2016 yet all you are is scared.
I don’t doubt that there will be a bounce soon; as I have repeatedly stated I think the miners can get back to the 100 WMA. The proof will be if they can close well I’ve that MA for a month or more. I seriously doubt they will be able to accomplish that now.
I’m just blown away that you can’t see how the current setup in the gold/silver miners is superior to the one that kicked off the bull market of almost 20 years ago — though you’ve given me plenty of reason not to be.
For those who can view a monthly chart, here’s the XAU:
Matthew:
You posted a daily chart of the XAU, Was that your intention?
It is actually a monthly chart but only stockcharts subscribers can view those. It defaults to the daily for everyone else.
It depicts the start of the best big bull market in gold/silver miners in at least 35 years. Unlike the last one, this one will smoke gold as well as currencies.
XAU priced in gold, monthly:
2016 was the best year for the miners even versus gold.
I like it when you talk about Uranium.
Yes, I agreed with many of the points Mr T made on the macro Uranium market fundamentals as well as the longer lead times to get those Athabasca Basin deposits into production, so it is more likely advanced developers or US producers will be able to seize on the higher prices when spot moves up.
It’s been a beat up sector since Fukushima and the commodity slide of 2011, but with the Kazakh cuts, Cameco cuts, shuddering of Paladin assets, unbundling of uranium mining from Areva (now Orano) from the nuclear reactor side of the business, and all the smaller producers and developers on life support, it does seem ripe for a move higher over the next year.
Gold’s up a buck. Why isn’t there any hootin n’ hollerin???