Summer is usually bad for mining stocks, since the Canadian mining companies are usually doing their thing while it’s warm. The mergers and discovery reports that drive stock prices higher don’t usually happen until the fall or winter. Typically, the stocks drop around April and don’t come back until after...
read more
One of my Uranium stocks, Energy Metals (EMU), was rumored to be taken over by another (unknown) company. The stock had a huge run, so now I’m sitting on an 85% profit. However, despite the continued gains, Cramer says to sell. In fact, he called for a triple sell on Friday. Here’s his explanation: Dear Jim: On...
read more
For the last twenty-five years, Australia has had a national law that limits the number of Uranium mines in operation to three. Three shall be the number of the mining and the mining shall be no more than three (to paraphrase Monty Python and the Holy Grail). On Saturday, the Australian parliament voted to overturn this law, which...
read more
My Uranium stock picks had been doing very well. Overall, my portfolio was creeping up on a 50% profit. I was seriously thinking about selling some stock and taking my profits off the table. Jim Cramer, from Mad Money on CNBC, recommends taking profits in equal relation to the rise in percentage, since you never know how long the...
read more
I’m starting to see a lot of Uranium news now. The spot price for Uranium hit $100 per pound, which is significant — it’s a psychological barrier that traders have been waiting for. We expect to see the price go to $125 or $140 per pound by the end of the year, but the $100 mark made the news and now more people...
read more
Recent Comments