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Reloading for the Uranium Bull
Contributed Opinion

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Chris Temple Chris Temple of The National Investor shares his thoughts on the gold and uranium markets, and one uranium stock he believes is currently a Buy.

As MarketWatch, among others, is REPORTING, the most active gold contract closed the day and week yesterday at a new all-time nominal high.

This came as a fresh wave of inflation numbers were more or less in line with expectations . . . fresh signs emerged of a slowing economy . . . and recently-rebounding long-term interest rates fell back down hard.


Likewise, gold's record has been bolstered by continuous robust physical demand for the metal, most of that from outside North America.

Yet the universe of gold-related equities continues to languish. The two best-known ETFs that represent this space — the VanEck Gold Miners ETF (GDX:NYSEARCA:) and the VanEck Junior Gold Miner ETF (GDXJ:NYSEArca) are still down, respectively, by 57% and 80% from their major 2011 peaks.

Remarkably (or not?), this equation hasn't improved much even over the last few months, and gold has managed to stay north of $2,000/ounce.

As I have pointed out incessantly for some time, among the few missing ingredients needed before a broad-based new move for gold and gold equities can occur is a GLARING one represented by those above dismal ETF stats. I spoke of this just yesterday with the C.E.O. of my latest looming new recommendation in the gold space, which our members will receive separately at the beginning of the week.

I'll be recapping this negative ongoing dynamic in the upcoming Members-only issue as well AND later this month in a special issue focused solely on precious metals.


Happily, the lot in life for uranium equities has been far more positive for a while now. Still, though, even that action has been largely relegated to the biggest names; the average exploration junior in the uranium space has yet to participate, but that will be changing once the next major surge higher begins to unfold.

For present purposes of our recommended portfolios, I, in recent days, advocated paring back notably on a uranium-oriented allocation that was the biggest position (sector-wise) we had at a bit over 20% of a total portfolio recently. That was via whittling down our ETF exposure; this, as the uranium price is finally undergoing a meaningful correction after its white-hot run of the last year especially.

In the end, these have been among the most profitable portions of our portfolio for a while now.

We will be beefing up our exposure a bit anew sooner rather than later, but at least somewhat by moving "down the food chain." And that is because, in part, when the next big move comes, retail investors will be much more of a factor than they have been to date.

This does not mean we get reckless, but it does mean we should look for the best stories out there of under-covered companies that have the kind of unique attributes that will count at some point.

Blue Sky Uranium Corp.

So far, one uranium "junior" is on my recommended list: Blue Sky Uranium Corp. (BSK:TSX.V; BKUCF:OTC; MAL2:FSE).

As you will learn in THIS NEW INTERVIEW I just posted with the company's C.E.O. Niko Cacos, the chief reason they have this place on my recommended portfolio is that they "check a box" that pretty much no other such company does.

And it's a chief reason why there is a path for Blue Sky's flagship Ivana Deposit in Argentina to be in production in just the next two to three years if all goes according to plan, whereas other juniors will be waiting a decade or longer to bring their uranium to market.

This is a true outlier, folks; and while still speculative, the just-announced upgrade to the main project's P.E.A. augurs well for this project to end up getting the support it needs for development. That is especially so, in my view, given the interest of Blue Sky's customer-in-waiting.

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Important Disclosures:

  1. Chris Temple: I, or members of my immediate household or family, own securities of: Blue Sky Uranium. Idetermined which companies would be included in this article based on my research and understanding of the sector.
  2. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
  3.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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Chris Temple Disclosures: 

The National Investor is published and is e-mailed to subscribers from [email protected]. The Editor/Publisher, Christopher L. Temple may be personally addressed at this address, or at our physical address, which is: National Investor Publishing, P.O. Box 1257, Saint Augustine, FL 32085. The Internet web site can be accessed at Subscription Rates: $275 for 1 year, $475 for two years for "full service" membership (twice-monthly newsletter, Special Reports and between-issues e-mail alerts and commentaries.) Trial Rate: $75 for a one-time, 3-month full-service trial. Current sample may be obtained upon request (for first-time inquirers ONLY.) The information contained herein is conscientiously compiled and is correct and accurate to the best of the Editor’s knowledge. Commentary, opinion, suggestions and recommendations are of a general nature that are collectively deemed to be of potential interest and value to readers/investors. Opinions that are expressed herein are subject to change without notice, though our best efforts will be made to convey such changed opinions to then-current paid subscribers. We take due care to properly represent and to transcribe accurately any quotes, attributions or comments of others. No opinions or recommendations can be guaranteed. The Editor may have positions in some securities discussed. Subscribers are encouraged to investigate any situation or recommendation further before investing. The Editor receives no undisclosed kickbacks, fees, commissions, gratuities, honoraria or other emoluments from any companies, brokers or vendors discussed herein in exchange for his recommendation of them.

All rights reserved. Copying or redistributing this proprietary information by any means without prior written permission is prohibited. No Offers being made to sell securities: within the above context, we, in part, make suggestions to readers/investors regarding markets, sectors, stocks and other financial investments. These are to be deemed informational in purpose. None of the content of this newsletter is to be considered as an offer to sell or a solicitation of an offer to buy any security. Readers/investors should be aware that the securities, investments and/or strategies mentioned herein, if any, contain varying degrees of risk for loss of principal. Investors are advised to seek the counsel of a competent financial adviser or other professional for utilizing these or any other investment strategies or purchasing or selling any securities mentioned.

Chris Temple is not registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. He is also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.

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