iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,345 Blog Posts

BMO Upgrade of $CCJ Ignites Rally in Uranium Sector

Most of you know and understand that uranium was my core thesis play for 2017 — having placed my ENTIRE portfolio into it at the end of 2016. While some of you focus on the negatives, pointing out that I sold my gold positions at the end of 2016 to lock in gains, you conveniently ignore the fact that my gains in $UEC are bordering +90%.

My other uranium holding is $URG, long from a basis of .60. That means I’m up 50% on that too — for you home gamers out there.

The sector is getting mainstream attention now, after moving sharply higher in 2017 — leading all sectors with a +62% gain on a median basis.

This morning, BMO issued a report — upgrading shares of $CCJ — placing an $18 target on it. Clearly, they’re seeing what we saw late last year now — which could be a good thing, as it draws retail into the sector — quickening the move higher.


I expect higher prices — but we might pullback soon. Buy all dips.

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9 comments

  1. it is showtime

    Full short. Another consecutive day of fabricated recordhighs isn’t stopping me fed. Developing…

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  2. it is showtime

    Index-programmers you’re aiming for triple digits. But I bet you don’t get it

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  3. ericbakerbruce

    I eat uranium for breakfast. I’ve got chunks of it in my stool.

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  4. cancel19

    I remember a cool song by Kraftwerk called Radioactivity.

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