These are the best times for contrarians some of who are doubling down at these levels. They realize that big money continues to wait on the sidelines to enter the spot market. Uranium Participation Corp (URPTF) raised $58 million to buy spot uranium. There has not seemed to be much buying since this raise which may mean they are looking for a time to enter. When the buying begins look for the uranium spot price to gap higher. This recent capitulation in the uranium spot price to below $30 may signal the shorts are exhausted. After arguably seven years of basing, uranium has all the characteristics for a sector about to bounce off a major bottom.
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Top 10 Reason To Invest In This Junior Gold Miner in Nevada
I recently spoke to Bob Kramer last Wednesday and he was so excited about the drilling program this summer. Unfortunately, Bob Kramer will never be able to see the results of what he worked so hard to achieve these past few months as he suddenly passed away over the weekend. Bob worked so hard over the past few months to raise the capital from a strategic investor to fund this year's drilling program. Family came first to Bob. I would like to send my deepest condolences to Bob Kramer's family and all his loved ones.In January of 2014, I worked with Bob up in Vancouver to create the top 10 reasons to invest in Canamex Resources as I believed this should go in the front of the presentation. Here are the reasons Bob and I both came up with:
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3 U.S. Mining Assets Soaring in 2014 Exponentially Outpacing the Market
Look at these three U.S. assets which are gaining traction breaking into new highs as they are unique and could create unbelievable value as they move closer to production.
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This Junior Gold Miner is Trading at Less Than One Third of its Book Value
Gold and silver mining stocks are going through a pullback after jumping considerably in the first quarter of 2014. Despite the correction in gold mining equities, I have searched for undervalued gold situations with large deposits and the financing to advance the project. Eventually, the junior gold and silver stocks will rebound magnificently from these historic oversold levels. Value investing contrarians look at this junior gold miner trading at less than one third of its book value.
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