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.Twitter