Comments on the Uranium sector from the Sprott Conference

August 12, 2019

While at the recent Sprott conference there were still a number of comments on the uranium sector. Most uranium stocks have struggled and the delay (or as I look at it, a kicking of the can down the road) in the Section 232 Petition contributed to the move down.

Scott Melbye, Executive VP at Uranium Energy Corp (UEC) (NYSE:UEC) sat down with me at the conference to discuss how the Section 232 decision and how it impacts the overall sector.

Please email me with any questions you have for Scott regarding the Uranium sector or UEC –

Click here to visit the UEC website to learn more about the Company.

    Aug 12, 2019 12:41 AM

    Off topic:
    It looks like pullback time for the gold stocks (in general)…

      Aug 12, 2019 12:46 AM

      Well that’s funny; gold and silver just broke sharply to new highs for the day so… maybe the pullback will be delayed… again.

        Aug 12, 2019 12:19 PM

        Miners not impressed so far.

          Aug 13, 2019 13:57 AM

          Gold up to $1535 in afterhours & Silver up bigly at $17.40.

          The miners should respond nicely today and it is possible the pullback will be delayed again, as prices march higher — climbing the wall of worry.

          As we discuss all the time the bull likes to shake as many riders off it’s back as possible as it charges higher.

            Aug 13, 2019 13:59 AM

            Gold’s $1650 Upside Price Target

            Robert McHugh, Ph.D. – August 11, 2019

            “Gold popped out of an Ascending Bullish Wedge. What is nice about this pattern is that it gives us an upside price target, in this case 1,650ish. We also annotated the current Elliott Wave mapping for Gold overlapping this pattern. Gold is now inside wave 3-up. However, in precious metals, the most dramatic moves are wave 5’s now 3’s like we see for stocks. This means Gold will be headed far above 1650 after it pauses around that level.”


            Aug 13, 2019 13:19 AM

            Gab @TraderGab

            “#Gold Broke resistance at 1503 (1.272)”
            “Next target 1567.5 (1.618) or more … Possible count for the last waves. Usually five Minor waves (Blue) can last for weeks. Will adjust if necessary.
            So many black swans now …”


            Aug 13, 2019 13:20 AM


            “$GOLD green TL failing to hold back price. During this entire move DXY has been rising… imagine what happens if DXY 50MA fails here. I understand what COT says & that it’s overbought… but Bonds & Gold moving in lockstep📈

            #GOLD Daily:


      Aug 13, 2019 13:32 AM

      The miners are doing what I depicted in the chart above.

    Aug 12, 2019 12:38 PM

    Recession Crisis Indicators Explored (w/ Raoul Pal)

    Aug 12, 2019 12:49 PM

    Trump………going hunting ……think Uranium One…….me think 🙂
    Hey , where is Frank……

      Aug 13, 2019 13:45 PM

      RENO, Nev. (AP) — A federal appeals court on Tuesday ruled against Nevada in a battle with the U.S. government over its secret shipment of weapons-grade plutonium to a site near Las Vegas.

      A three-judge panel of the 9th U.S. Circuit Court of Appeals denied the state’s appeal after a judge refused to block any future shipments to Nevada. The court in San Francisco said the matter is moot because the Energy Department already sent the radioactive material and has promised that no more will be hauled there.

      “The remedy Nevada sought — stopping the government from shipping plutonium from South Carolina to Nevada under the proposed action — is no longer available,” the court wrote.

    Aug 12, 2019 12:01 PM
    Aug 12, 2019 12:10 PM

    Mark Levin on child trafficking.

    Aug 12, 2019 12:09 PM

    Let’s see – 20 mill in the bank, burns 1 mill a month, 6 months to start up one project, 18 months plus another 12 mill to start another project. And he was really serious about this! Hmmmm, we are facing a recession and their is lots of Uranium available outside the US. This ain’t looking good. Looking at the chart this one may be headed to 0.70 cents a share US.

    Aug 12, 2019 12:58 PM

    Stefan Molyneux on Pedo I sland raid

    Aug 13, 2019 13:16 AM

    Off Topic:

    I have always thought CNN was a poor quality network.
    Now I know it has an inarticulate moron as one of its readers.

    Aug 13, 2019 13:02 AM

    Cory good interview with Scott regarding the Uranium sector, post-Section 232 / new 90-day working group to review the Nuclear sector as a whole, and the strategy UEC is deploying.

    Aug 13, 2019 13:41 AM

    AND where IS ASSANGE good name……..
    The decision, by Judge John Koeltl of the US District Court for the Southern District of New York, rejected the smears that Assange “colluded” with Russia. It upheld his status as a journalist and publisher and dismissed claims that WikiLeaks’ 2016 publication of leaked emails from the DNC was “illegal.”

    Despite the significance of the ruling, and its clear newsworthiness, it has been subjected to an almost complete blackout by the entire media in the US and internationally.

    Aug 13, 2019 13:41 AM

    The universal silence on the court decision—extending from the New York Times (which buried a six-paragraph report on the ruling on page 25) and the Washington Post, to “alternative” outlets such as the Intercept, the television evening news programs and the publications of the pseudo-left—can be described only as a coordinated political conspiracy.

    Aug 13, 2019 13:43 AM

    Now that their claims have been subjected to judicial review and exposed as a tissue of lies and fabrications, they have adopted a policy of radio silence. There is no question that if the court ruling had been in favour of the DNC, it would have been greeted with banner headlines and wall-to-wall coverage.

    The response exposes these publications as state propagandists and active participants in the campaign by the Democratic Party, the Trump administration and the entire ruling elite to condemn Assange for the rest of his life to an American prison for the “crime” of publishing the truth.

    Aug 13, 2019 13:44 AM

    The editors and senior writers at these outlets, such as New York Timeseditorial page editor James Bennet, are in constant contact with the CIA and other intelligence agencies. Behind the scenes, they work out an editorial line that will advance the interests of the Wall Street banks and the military-intelligence apparatus. At the same time, they decide what news and information they will hide from the American and world population.

    Aug 13, 2019 13:45 AM

    Koeltl’s finding was an absolute vindication of Assange and WikiLeaks’ 2016 publications exposing the attempts by the DNC to rig the Democratic Party primaries against self-declared “democratic socialist” Bernie Sanders in favour of Hillary Clinton.

    The judge found these releases, together with the publication of Clinton’s secret speeches to Wall Street banks, in which she pledged to be their representative, were “matters of the highest public concern.” They “allowed the American electorate to look behind the curtain of one of the two major political parties in the United States during a presidential election.”

    Koeltl, moreover, found there was no evidence to justify the DNC’s assertion that WikiLeaks had colluded with the Russian state to obtain the material. Assange and WikiLeaks have always maintained that the documents were not provided to them by the Putin regime.

    Aug 13, 2019 13:47 AM

    WHERE WAS HUMPTY DUMTY on this one……..
    The judgment was also an implicit exposure of the lawlessness of the attempts by the Trump administration, with the full support of the Democrats, to extradite Assange from Britain, so that he can be prosecuted on 18 US charges, including 17 espionage counts, carrying a maximum sentence of 175 years’ imprisonment.

    The Trump administration and the Justice Department are claiming that it was illegal for WikiLeaks and Assange to publish US army war logs from Iraq and Afghanistan, hundreds of thousands of diplomatic cables and other documents exposing US war crimes and intrigues, provided by the courageous whistleblower Chelsea Manning.

    Koeltl’s ruling, however, reasserted the fundamental democratic principle that WikiLeaks had a right to publish the 2016 DNC documents, even if they had been obtained by the Russian government, or any other entity, illegally.

    Aug 13, 2019 13:48 AM

    Koeltl further undermined the claims of the Trump administration, the Democrats and the media that Assange is a “hacker,” undeserving of First Amendment protections. The judge repeatedly referred to Assange as a “journalist” and WikiLeaks as a “publisher.”

      Aug 13, 2019 13:16 AM

      It is absolutely (100%) true that the DNC was not hacked, but the Rich brothers downloaded directly from the DNC servers.
      I am 99.9% sure Seth was a clinton arkancide. The very fact that nothing was stolen from him shows it was never a mugging.
      We have kimcotcom and an attorney as witnesses to Assange’s statements, AND Binnie’s analysis showing the timestamp markers on the download material showing it was downloaded at a speed IMPOSSIBLE over the internet.
      Thus there was NEVER any Russian Trump collusion and the whole investigation was an evil attempt to destroy Trump by a biased Democrat bunch of scum – no ethics, no morals – pure partisan evil.

    Aug 13, 2019 13:49 AM

    CIA………FREAKING KIDNAPPERS>>>>>>>>>>Judge Ruled…. 🙂
    In other words, the attempt to extradite Assange to the US and prosecute him is a frontal assault on the US Constitution and press freedom. In its disregard for domestic and international law, it can be described only as an extraordinary rendition operation, similar to the kidnappings and torture operations conducted by the CIA.

    Aug 13, 2019 13:50 AM


      Aug 13, 2019 13:21 AM

      I am not sure it show CIA malfeasance as much as judicial BIAS.

      We need a constitution convention to create term limits on all public offices, in order to reduce bias and corruption IMHO.

        Aug 13, 2019 13:42 AM

        I think you said it………”I am not sure”…….therefor do some more DD……I AM SURE

          Aug 13, 2019 13:44 AM

          History of the CIA……starting with Truman….remember they report to NO ONE>

          Aug 13, 2019 13:06 AM

          Beside Webb has already tied the pieces together ….from rather trustworthy sources…
          have to go back 2 yrs…..or so….

          Aug 13, 2019 13:10 AM

          Might have to restate…..I AM SURE……to I am more convenience ….

    Aug 13, 2019 13:30 PM

    What used to be a newspaper of record in the UK, now displays itself for the trash it is by photoshopping Trump to make an association with Epstein which does not exist:

      Aug 13, 2019 13:03 PM

      UK……news paper trash… the same as usa media trash……cover up the fish is about all it is good for……jmo

    Aug 13, 2019 13:38 PM

    I’m not saying no photo of Trump and Ghislaine exists, I’m saying the photo was touched up to make Trump look older…..more like he looks today.

    Aug 13, 2019 13:07 PM

    Among the documents declassified is Epstein’s black book.
    All documents can be found:

    Aug 13, 2019 13:14 PM

    HA, HA, HA……….BARR IS A JOKE>>>>>>>
    Like reassigning the Warden……LOL., LOL.,