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Uranium price chart forecasting
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TomAdmin
Admin 		# Posted: 12 Apr 2008 17:41
Reply 

Here is a price chart of Uranium that I am updating once a month after I get the month end Uranium prices...

I can analyze the chart with my charting program and attempt to predict when it bottoms...

As you can see from the chart, the Uranium price has just completed a 50% fibonacci retracement, so it will be VERY interesting to see what upcoming month end uranium prices are...

Uranium Month End Prices
Uranium Month End Prices


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mike04192008
# Posted: 18 Apr 2008 23:01
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what is the best way to invest in Uranium?

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TomAdmin
Admin 		# Posted: 19 Apr 2008 16:58
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Hi Mike,

Good question. I have been researching Uranium during the last few weeks and I have come to the conclusion that the best way to play the sector is through the mining stocks. Actually that is pretty much the only way to play this sector since it is still coming out of a 20 year bear market period.

But within the mining sector you will find all varieties of uranium mining stocks, from pure exploration plays, to mid tier companies looking to go into actual production, to actual solid producing uranium mining companies.

So the way to play the sector depends in part on your level of risk tolerance and tolerance for volatility.

Also, keep in mind that many if not most of the best uranium mining stock plays trade either on either a Canadian exchange or Australian exchange. There is a batch that trade on US exchanges, but no where near as the other exchanges. Having said that, there are a few good Canadian Uranium miners that also trade on the OTCBB or PinkSheet US markets.

If you have an Etrade account, you can trade the Canadian stocks through their Etrade Global Investing portal... I am not sure about other brokers flexibility with trading Canadian stocks. The etrade system actually looks pretty good.

The big dog of the group and big time producer is of course CCJ which trades on the NYSE. This in my opinion is the conservative play of the entire group and is well capitalized and already producing. The nice thing about CCJ is that it is already basing for about 2 or 3 years sideways which is great base building. However I do not think it is ready for primetime, has quite a bit more work to do.

Aside from CCJ, my next favorite Uranium mining stock picks are Laramide, MegaUranium, and then Strathmore Minerals. Symbols LAM, MGA and STM on the canadian exchange. These three in my opinion are the next biggest players in this market and are looking to go into actual production coming 2009, 2010. All 3 of them have good correlations with the uranium price movements... and that is the main thing to be aware of, is how closely they correlated with the last huge run up in uranium.

There is also another good diversified way to play uranium and that is PNP which is Pine Tree Capital. Basically a fund of sorts that invests in uranium miners and other emerging miners in this sector. PNP is heavily weighted in MGA however.

Anyway, just keep subscribed to this thread by checking the box at the bottom of this page that says 'receive updates by email'... I will keep posting to this thread to update my thoughts on the uranium markets and the Uranium spot price.

I believe the uranium price has a good amount of work to do yet... perhaps another 6 months before it gets enough footing for a resurgence. It may take a bit longer than that, but I am watching closely and looking for an ideal entry point in this market as I believe it is a great intermediate term play.

So patience is key here and looking for confirmation of renewed uptrend.

Stay tuned.

Tom

P.S. in the screenshot below is a list of all the other uranium miners on my watch list.

Uranium Mining Stocks List
Uranium Mining Stocks List


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