The rotation out of US Markets and into hard assets to kick off 2021
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me to recap the moves in the market yesterday where money rotated out of US markets and into hard assets. We also discuss the moves higher in Emerging Markets and the potential of inflation.
Click here to visit the Benzinga website and listen to the recordings of the Pre-Market Prep Show.
I have an upcoming webinar on January 6th at 11am PST (2pm EST) featuring Newcore Gold (TSX.V:NCAU – OTC:PRCNF). Newcore Gold has a current resource of 1.2million ounces of gold and a 58,000 meter drill program underway. Please click the link below to signup for free and have first access to the recording. Also please email me any questions you have for the Company – Fleck@kereport.com.
Energy Fuels (UUUU) (EFR) – US Uranium & Rare Earths Hub Building Critical Mass
by @CRUXinvestor on 4 Jan 2021
Interview with Mark Chalmers, President & CEO of Energy Fuels (NYSE: UUUU)
1:33 – Uranium Reserve & Importance of $150M Budget
4:45 – Why would US Stockpile U3O8?
6:10 – Sustainability & Potential Price Adjustment
7:42 – Positioning Energy Fuels & Progress Made
10:26 – The Market in 2020: Catalysts, Timeline, & Interest
14:26 – Any Contracting Happening with Utilities?
16:07 – New Entrants, Time to Off-Load Assets?
17:48 – Milling Agreements Made & Considerations Going Forward
19:30 – US Hub for Rare Earths: Progress & Possibilities
23:12 – Deal with Chemours Company: Terms & Opportunities
26:38 – Process Going Forward: Timeline, Financing, Upgrades
29:20 – Do US Uranium Companies Need the Government Support?
32:15 – Focus for 2021
My largest Uranium position in (UUUU) is up another 14%+ today, and longer term it still has so much further to run. I’m glad the markets have started to finally wake up to just how small of universe it is for U companies that can actually capitalize on this bull cycle. Most of the smaller speculative explorers are a decade away from having a mine permitted and built, so while I have a few (and just added Standard Uranium to my portfolio for example) – most of what I want for this run are established prior producers, smaller ISR producers, or development projects that could quickly get things finalized to be in production in the next 2 years (like DNN, UEC, etc…)
I’m considering adding (AZZ) (AZZUF) Azarga Uranium as an Uranium developer and nearer term ISR producer operating in the US for similar reasons.
Does anyone else hold this stock or have any impressions – good or bad fundamentally? Technically it has lagged the other Uranium developers, so I’m looking to find out why, or if it is just a hidden gem and deeper unrecognized value.
Maybe part of the issue for them is that their Corporate Presentation is still “Coming Soon.”
They better get on the stick and get that updated as the Uranium stocks have woken up and have been running. 🙂
One of my 3 stock picks for the contest over at ceo.ca — (GOT) (GOTRF) Goliath Resources Ltd is out of the starting gate fast this year. It was up nicely yesterday, and up another 24% today. They had some more good news out this morning feeding the frenzy…
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Goliath Resources Ltd (GOT) (GOTRF) Identifies Several New Targets at Lorne Creek Porphyry System
Jan 5, 2021
“The geochemical anomalies discovered in 2020 overlying geophysical anomalies further confirm the strong indications of a potential deposit size buried porphyry system. Compilation and integration of this new geochemical data coupled with the inaugural 2019 drill results puts us in a great position to vector our efforts in preparation for potential drilling in 2022 to unlock its full potential as part of our pipeline of projects” stated Mr. Roger Rosmus, CEO of Goliath, further “We remain focused on creating shareholder value in 2021 with our fully funded inaugural drill program on Goliath’s Surebet high-grade polymetallic gold-silver discovery on our 100% controlled Golddigger property located near Stewart, British Columbia in the prolific Golden Triangle.”
https://ceo.ca/@nasdaq/goliath-identifies-several-new-targets-at-lorne-creek
Gold at $1953
Silver at $27.65
Copper at $3.64
Platinum at $1118
Bitcoin at $33,352
…. and the US Dollar at 89.44
(where are those commentators that felt 92-93 was going to be the floor for the greenback and keep it in that range of 92-100, before breaking back above 100 in their Dollar Milkshake thesis?)
Did somebody spill the milkshake or are people just not sucking hard enough on that straw? 😉
Nevermind, I forgot…. They outlawed straws to save the planet… That must explain it.
HaHa….EX..You can be a funny bugger at times…..lol
XLF and all CCP globalist financials are up Thanks uncle Joe.
There are so many sectors that are doing fantastic right now, from Gold & Silver stocks, to Platinum/Palladium/Nickel stocks, to Lithium stocks, and definitely the Uranium stocks, Cannabis stocks, Psychedelic stocks, Biotech, Fintech & Cryptos….
We are off to a great start in the resource stocks and more highly speculative small cap sector of the market. Here’s to hoping it lasts… Cheers!