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Is Downtrend Ending In The Undervalued Uranium Miners?

Gold Stock Trades editor and longtime uranium buff Jeb Handwerger said a look at the technical chart for the price of uranium is already “showing that the two-year downtrend is breaking to the upside after bouncing off of three-year lows.”

 
 
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PRLog - Mar. 17, 2013 - NORTH MIAMI BEACH, Fla. -- Gold Stock Trades editor and longtime uranium buff Jeb Handwerger (http://www.youtube.com/watch?v=phUcM95ZSZk) said a look at the technical chart (http://goldstocktrades.com/blog/wp-content/uploads/2013/03/sc-476.jpg) for the price of uranium is already “showing that the two-year downtrend is breaking to the upside after bouncing off of three-year lows.”

A self-proclaimed long-term contrarian, Handwerger targets undervalued sectors with great long-term growth potential — of which the uranium market is a prime example. While other commodities have made significant gains following the 2008 financial crisis, uranium prices are down about 70 percent from their 2007 highs — a situation brought on by a natural disaster, not poor fundamentals.

“Uranium is one of the few commodities still heavily discounted compared to other commodities. The mispricing of the sector can largely be attributed to a lack of understanding — on the part of many investors — of the overall global fundamentals that are involved in the uranium sector,” said Handwerger. He believes governments, utilities and big-money investors are beginning to come around to the reality that nuclear power will be a part of the modern, global, industry-based economy, especially in Asia.

Read the full article on the uranium miners by clicking on the following link...

http://goldstocktrades.com/blog/2013/03/14/new-uptrend-in...

Photo:
http://www.prlog.org/12100384/1

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Tags:nuclear energy, uranium miners
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