Immediate Buy Recommendation! Uptrend Confirmed
Doubling — or even tripling — our money by the summer is in the cards. It’s the perfect set-up, and it is nearly identical to where we were with gold this time last year.
A violent uranium rebound is now underway! Take a look at the Global X Uranium ETF. It literally spent the entire year of 2016 forming a bottom, and today, it’s making 52 week highs! When the price of uranium moves, there is nothing like it. The last time we saw uranium prices this low, it went vertical. From 2004 to mid-2007, the price went from $16 to $136 per pound!
It’s what helped legendary investors like Rick Rule take small funds and turn them into hundreds of millions of dollars. With only a handful of companies to own, I am going to give you the one stock that will, in no doubt, get more coverage than any other in 2017.
It’s dirt cheap, has a former energy secretary as its executive chairman, its management is well-known to the incoming energy secretary, and it boasts top shareholders, such as Sprott, Vanguard, and Fidelity. Strategic shareholders include those like one of the richest men in all of Asia, Li Ka-shing’s CEF Fund.
The KCR Fund is also included, which stands for “Katusa-Casey-Rule,” which are pretty much the top names in the entire resource space! Last year, we saw Amir Adnani’s gold company lead the gold sector (with a gain of 583%), and in 2017, I have no doubt that if you’re going to invest in uranium, you’ll want to own shares of Uranium Energy Corp. (UEC).
It’s headed up by Amir Adnani, with former Energy Secretary of the United States Spencer Abraham as the executive chairman! It’s the only unhedged, production ready uranium company in the world!
And it’s probably the smartest one, too. While other uranium producers committed mining suicide by selling their uranium for a loss or at a next-to-nothing profit, UEC, who achieved production in 2011, decided to shut down production entirely when uranium prices crashed.
Today, uranium prices are still at rock-bottom levels, but all signs point to the unleashing of a very aggressive bull market.
1. This month, the world’s top uranium producer announced that they will cut production by 10% due to low prices.
2. Cuts by Canadian and Australian miners are also underway. Cameco, the largest publicly-traded producer, said last week that they needed to cut 10% of their workforce at 3 of their operations.
3. 20% of U.S. households rely on the electricity generated from uranium. In places like France, it’s 75%!
This sector has been left for dead by many investors and is hated, which is why profit-seeking investors should love it. In our opinion, the bottom is in for uranium, and 2017 will be a year to take positions in the sector, enjoy some potential early gains, and prepare for what will probably be one of the most stunning bull markets you’ve experienced from 2017 to 2021.
Consider shares of Uranium Energy Corp. (UEC) up to $2.25. Expect us to raise this significantly should uranium surpass $30 per pound. This is a deep-value play, with shares currently trading for $1.54 each.
Chief Editor, CrushTheStreet.com