Opportunities In Uranium, Cannabis, and Gold
Sean Brodrick, Natural Resource Analyst at Weiss Group joins me to outline three sectors that he is recommending to his subscribers. These groups are cannabis, uranium and gold. We break down the main factors that have his attention and a couple companies he likes in each.
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Uranium has been a sector have positioned in when the prices dipped down to $17-$18 in late 2016 and then again for a larger double-bottom pattern in 2017 near $17-$18. They rallied after both occurrence for fantastic trades, and most stocks have edged higher since that time. People that are only watching but not investing have already missed out on some easy gains.
Good thoughts today from Sean on all 3 sectors. He’s on it.
Capital raising drops
Vladimir Basov | about 12 hours ago
“Uncertainty caused by escalating global trade tensions is a key factor adversely impacting both the amount of capital raised by mining and mineral exploration companies as well as the number of placement offerings completed.”
“While most mineral commodities markets are in a decline and struggling, one particular sector is still thriving. With the continuing buzz around green energy, electric vehicles and battery technology, the capital raised in Q2 2018 through equity placements by companies focused on lithium, cobalt and other new world critical minerals hit a record level and exceeded US$800 million. This accounted for more than 40% of total mining capital raised during this period at major exchanges.”
“As more and more players in the mining and metals industry consider investing in the future supply of mineral commodities used in battery technology, it is likely that companies developing lithium and cobalt assets will remain the preferred targets for investors and outperform their struggling peers from other mining markets in the future.”
FWIW this article from Plunger has a segment on Uranium. Could be the sector to watch. http://news.goldseek.com/GoldSeek/1537877280.php