Quote:
Originally Posted by iEatClams
I own DML and CCO. DML I finally am in the black after averaging down and holding it for god knows how long. CCO I'm up 20%.
I dont know whether to stay or sell some of my holdings. uranium prices are at lows but everyone is expecting uranium prices to go up which has lead to the run up.
I see a lot of up side for DML if uranium prices do go up. I cant see a world without nuclear energy. China has a lot of demand and if Japan starts up again I can only see uranium prices going up. Uranium spot prices are at LOWs, there's only one way it can go and that's up imho.
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If you're willing to hold long uranium stocks should be alright, CCO would be the obvious choice IMO.
A little sketchy IMO to start long positions now though, even if Uranium starts to pop in say 1-2 years, the greater markets could be correcting by then (I say correcting because it's pretty clear the NA economy is still #&$@ed.. and it's been 5+ years since things last came apart at the seams, so the next part of the cycle could start soon).
I'm thinking that the spring sell off this year will be significant, if equities are down in spring, and precious metals etc. are up I will be thinking it's time to get the F out of markets for a while... meh, it's a matter of opinion I suppose.
GL to all!