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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.”
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...