Corpoerate financier Jim Paterson states that precious metals have become even more precious due to the massive amount of money printing. The inflation we are going to suffer in the coming years is a direct result.
Wall Street veteran Peter Grandich believes that the loose monetary policy day of reckoning must come. He says, “We just past another couple trillion in money printing. This debt isn’t something that will go away; someone will pay the price and pay dearly. Servicing this debt is an issue, and the average American has no understanding of what is occurring.”
All chartists, not just Zak Mir, talk total cobblers and so here are two of them on the subject of gold, silver, and copper. Kevin Wadsworth and Patrick Karim talk cobblers. I’d love them to be right but I bet they are not. Enjoy.
Once again we stumble across someone who makes Nigel Somerville look sane and balanced. Trader Steve Penny claims that “Commodities have never been so cheap relative to paper assets.” He argues that today is a generational wealth transfer opportunity. His macro thesis is that the national debt is mathematically impossible to repay. History has shown that politicians will always try to inflate away the debt.
Fund manager Mark Magarian was bullish on the gold market before the crisis began since they were expecting some action by the Fed. However, the pace of the Fed’s efforts has been vast and rapid and thus, he says, he would be absolutely shocked if we don’t see $2000 for gold soon.
Shares in this company have more than trebled since we last advised folks to by. The more proactive Australia Securities Exchange made a “price and volume query” after recent increased volumes and share price in Berkeley Energia (BKY) – and the company has now produced its response…
Writer Chris Temple expects a big uranium rally as many things are happening with uranium behind the scenes. Past policies have hindered the US standing in the uranium industry, and, Chris says, that President Trump is now attempting to correct those policies. The coming supply changes could be opportunities for prudent investors.
Berkeley Energia (BKY) has reported on its half year ended 31st December 2019 as it “continues to engage with the relevant authorities in a collaborative manner in order to facilitate the timely resolution of the pending approvals required to commence construction of the Salamanca mine”…
Enrepreneur Jordan Trimble says the recent market pull-back has only improved the fundamentals for uranium. The sell-off is good for the sector as it has created a near term opportunity that investors should be watching.
Analyst and entrepreneur Brandon Munro discusses the improving tone of the uranium industry that he is seeing while attending the London World Nuclear Association Symposium. Russia’s export program has an improved order book, and US regulators are working hard on initiatives to support their industry. China and India are resuming their reactor build programs by both announcing new reactor plans. There is a strong sense of anticipation throughout the industry.
Gold runs in the veins of veteran financier Jamie Strauss, one of the biggest names in the London mining scene. Jamie argues that the commodity sector is steadily advancing and beginning to take advantage of machine learning and automation. Also, the financing of projects now requires a lot more due diligence as sophisticated investors and streaming companies require it. All of these changes are making the sector very exciting.
What the hell is happening at Berekely Energia (BKY)? A “Strategy and Management Changes” announcement from Berkeley sees the shares currently slightly lower below 19p, albeit still up from sub 10p at the beginning of this year…
I suggested that Union Jack Oil (UJO) was planning a placing in yesterday’s bearcast. And lo and behold the Sheriff of AIM is right again, £2.25 million has been raised at 0.17p. But this raises big questions about the share trading activities of Mr Chris “Uranium” Oil, a man who has featured on this website often enough.
Entrepreneur Brandon Munro remembers the last uranium bull market and how much of it was focused around Australia. He says, “Paladin was an incredible ride in 2005 when it moved from four cents to two dollars.” That period was a wild intensely informative ride, and it taught him just how much leverage can come to uranium stocks.
I accuse Dom Frisby of using a very old photo on this occassion. How do you plead Frizzers? This podcast with the great libertarian and gold guru is nothing if not wide-ranging.
Geologist and analyst Mickey Fulp feels the gold market has bottomed and that a new bull market is developing albeit slowly. Once the rally begins, he argues, it will quickly move the mining equities. They are positive on the price of gold, due to global economic outlook being weak, geopolitical risks like Brexit and Venezuela, as well as U.S. and China trade talks. Central banks continue to buy, and a dovish Federal Reserve will likely have one interest rate hike in 2019 are all bullish factors for gold.
Berkeley Energia (BKY) has announced results for its half year ended 31st December 2018 including that “outstanding items” re. a permit “have been previously disclosed and are currently being addressed by the company”…
Banker Alex Molyneux argues that uranium is an attractive commodity that utilizes long-term contracts; however, that can result in pricing that doesn’t reflect the underlying product. Lately, uranium has been rising from mine closures, and due to the way, KazAtomProm and Cameco operate.
Philip O'Neill started his career in the junior mining space in the early 2000s by investing in uranium. He discusses the last bull market and how it did exceedingly well and how the market can surprise you. Today there is much more experience in the uranium markets so the coming bull market should be more mature.
Entrepreneur Lior Gantz claims that the outlook for Gold and Silver is improving dramatically. His thesis is that recent market action has resulted in a rebound. In September mining stocks hit 52-week lows, and the regular markets are now entering bear market territory. Inflation is on the rise and many states are hiking their minimum wage. Recent US Dollar strength is actually a bearish sign.
Rick Rule from Sprott, the world's best known resource investor, is a major bull of Yellowcake and explains why in the latest podcast from Palisade Capital. Rick feels that it’s too early to draw any conclusions from the recent market action arguing that, technically, these price fluctuations are not that aggressive. He is encouraged by golds recent performance but two weeks of data is not worth anything but amusement.
Palisade Capital continues its uranium themed videos and in part three of the series Daniel Major discusses the latest market conditions and why he sees it on an upward trend. He argues that steady growth continues in nuclear energy production and reactor builds. Uranium producers have been holding back production, and there is a reduction in supply in the secondary market. Many utilities still have inventory, but they are declining as contracts unwind. He says, “There is a lot of factors that will squeeze the price higher.”
Michael Alkin has an extensive background in the Hedge Fund world but since 2015 has been focussed on looking at Uranium. He says that he quickly realized that the uranium picture was a complex one and appeared underappreciated.
Buy shares in Berkeley Energia (BKY)! Okay that is what I think, you want to hear from veteran investor and libertarian thinker Doug Casey.
In this week's podcast from Palisade Capital, Daniel Major discusses the current uranium market, and he sees a lot more enthusiasm in private placements. Many companies and groups of long-term investors are increasingly interested in the sector.
Joseph Grosso runs a uranium company so, of course, he is talking his own book. But Steve and I have tipped Berkeley Energia (BKY) so agree with the thesis outlined in the latest Palisade Capital podcast.
This panel was chaired by our own Gary Newman and featured uranium cheerleader Paul Atherley of Berkeley Energia (BKY), coal bug Andrew Bell of Regency Mines (RGM) and waste to power enthusiast Keith Allaun of Powerhouse Energy (PHE).
Rick Rule of the world's leading resource investor, Sprott says he has, of late, seen broadly increasing client and institutional interest which has been lead by strong private placements. This interest is being driven by 2017 commodity performance, and now the equities show good value.
Berkeley Energia (BKY) was once one of the more popular shares on AIM, and there was plenty of interest as its share price rose steadily on speculation.
Rick Rule of Sprott reminds us all how the Trump administration stated that a weaker dollar would be helpful. Younger generations will bear the decision to provide the boomer generation with 1.5 trillion dollars in tax cuts. The interim spending bill will add 300 billion dollars to this year’s budget as well as considerable commitments to funding infrastructure with no mention of where the money will originate. The US dollars weakness can be summed up in this saying, “When your outgo exceeds your income, your upkeep becomes your downfall.”
Whenever you suddenly get a lot of ‘noise’ about some tiny AIM outfit which has recently become a cash shell and raised money via a placing, then I am always very suspicious that it is largely down to the placees and brokers trying to create interest to flip their shares.
Rick Rule of Sprott is perhaps the world's best known investor in resource stocks. This video interview will be controversial covering bitcoin, uranium, gold, dollar default and much more.
Since we own some shares in Berkeley Energia (BKY) I hope that Daniel Major is right in his thesis. In this podcast hel discusses the long-term potential of uranium and why the industry needs higher prices to fill the supply gap. The short-term issues are that 75% of the industry remains near or below the cost of production. Companies currently can’t afford to replace their resource. Cameco has taken the lead in closing down one of the best mines saying that it’s cheaper to purchase uranium from the market. Cameco’s announcement was a major event for the uranium industry.
Fund manager Matt Geiger thinks we were in a consolidation period of this precious metals bull market for the past year. He doesn’t see much downside from here. It’s been a relatively healthy period for investors to get into the market. In terms of the gold price we are more likely to reach $1400 than to see $1200 again, he argues.
Those who heard Paul Atherley of Berkeley Energia (BKY) on the main stage miners session at UK INvestor Show 2017 will be well versed in the uranium bull case. Paul is booked in to be back again in 2018 for a refresher but I need no convincing, we have a few of his shares just in case. Meanwhile here is another crash course on why you need uranium exposure.
In the latest video podcast from Palisade Capital, perhaps the world's best known resource fund manager, Rick Rule of Sprott, discusses the surprising lack of volatility in the markets and with the various worldwide challenges one would expect it to be much higher. He is not optimistic when one looks at the collective balance sheets of governments with their underfunded pension plans and is acting on the assumption that the markets will get more volatile.
This is interesting research from Palisade and the answers may suprise you. And should inform your investment decisions. Before reading, take a guess at the three best and worst performing commodities of 2016 and 2017! Ok now go…
Rick Rule of the world's biggest resource investors, Sprott, is bullish He sees a very interesting market, which flirted with an upside breakout, that failed. He feels the GDXJ took quite a hit, damaging momentum traders expectations, in the near term that damage will likely increase. The opportunity this summer is in capital that is increasingly supplied by the ETF’s, towards the GDXJ components. The non GDXJ components are left lagging and that could be an arbitrage opportunity. You should see mergers and acquisitions with the components acquiring the non-components.
Hans Peter Zihlmann has been a portfolio manager for a long time and remains excited about uranium even after its good performance over the past year. His Timeless Uranium Fund is up 34% since uranium bottomed in November, and from the beginning of this year it is up 40%. His fund covers the entire uranium sector, with exploration currently being most attractive. Recent days have shown a drop in the price of uranium with a corresponding drop in stocks, Peter remains unconcerned as demand is increasing due to China, India and Russia building reactors. Since companies cannot be profitable in production due to the uranium price being so low, he remains very bullish long term.
2017 will be a lucrative year, as we have seen the bottoming of the bear market. Uranium appears to have reached it’s bottom in early December. We are in the beginning of a new uranium bull market which should last for three to four years. The agriculture minerals are under-invested and phosphates may be a straight forward play. And gold shares will also have a run.
Yellowcake entrepreneur David Cates argues that uranium has made a move toward rationality, although he warns it still has a long way to go. There is now real price movement, volume and thus benefits to price discovery. What is exciting about the long bear market, is the detrimental effect it had on the uranium industry. There are very few good uranium projects out there. When utilities go looking for supplies there will be a real pinch, they won’t be able find any.
Rick Rule, the face of the world's best known investor in precious metals, Sprott, sees weak global demand for almost everything, however there is a sentiment change for resource stocks. He thinks this change is somewhat justified- although many recent resource prices do not appear to reflect any underlying rationale. Mr. Rule is cautiously optimistic about gold stocks and the gold price. We are in one of those flight-to-safety periods where the US dollar does well, and interest rates go up.
Well that is the assertion of George Glasier the guest in this week's podcast with Palisade Capital. He spends much of the podcast talking his own book but on the bull case for uranium which seems to be getting stronger he is fairly persuasive.
This is not a bad video and is quite interesting on both the market and also the very clear bull case for Berkeley. It is short as well so if you are a Berkeley Energia (BKY) fan it is well worth watching.
The only matter of note in the Berkeley Energia (BKY) annual report for the year to June 30th 2016, in terms of financials, is cash and trade receivables. They totalled $18.6 million which is a very comfortable position to be in. What is really interesting are the footnotes. We quote:
Berkeley Energia (BKY) has announced it has signed a Letter of Intent relating to the sale of the first million pounds of production from its Salamanca uranium project – with an average contemplated price of above $41 per pound comparing with the current spot price of around $25 per pound. Way to go!. No wonder we are c150% up on this share tip!
Many commodities have gone up 20-30% this year while uranium continues to go down- making it almost impossible for companies to make money. The main problem right now is that there is more than enough supply to cover the little demand in the spot market.
We tipped Berkeley Energia (BKY) at a 20p offer - the shares are now 39p-41p after the publication of a Definitive Feasibility Study (DFS) confirming that its Salamanca project in Spain will be one of the world’s lowest cost producers capable of generating strong after tax cash flow, even during the current low point in the uranium price cycle.
Rick Rule started his career in the 1970’s bull market, which had a spectacular shift towards resources after a 50 year lull. He is preparing for what he believes may be the greatest shift in natural resource markets that he will witness for the rest of his career. He says that the next 5 years will be more generous for the junior resource space than most give credit for. The junior precious metals market is already up about 100% in a short period of time
We own shares in Berkeley Energia (BKY) which we think is a cracking investment whatever happens to the uranium price. But there are some folks who are mega sector bullish. Uranium is the ultimate contrarian investment and the most hated commodity because of it’s use in nuclear power, but recently environmental groups have gotten behind nuclear power. Nuclear power is 20% of US power overall. The constant power generation and the ability to store power make nuclear the backbone of the electricity grid.
I am not sure about that although I am a shareholder in, still cheap, Berkeley Energia (BKY) so hope this is the case. Anyhow, this week's podcast from Amanda Van Dyke's colleagues at Palisade Capital is with George Glasier who argues that increasing worldwide demand for uranium cannot be met by existing supply. Taking a new project into production is a tedious process meaning supply crunches are inevitable. The current price is so low that mines have been shutting down. This comes at a time when nuclear power plants are being built at incredible speed. That is the bull case...enjoy.
Highlands Natural Resources (HNR) has enjoyed a great run recently but now looks way over-priced to me and I would expect a return to reality in the near future.
Berkeley Energia* (BKY) has updated that a definitive feasibility study on its Salamanca uranium project “is well advanced and is due to be published in June”, with the company’s confidence emphasised by the commencement already of initial infrastructure work at the project.
There are not many options when it comes to investing in uranium stocks even though the future of uranium is looking very bright with 66 reactors under construction globally, particularly in China, India and the U.A.E. Saudi Arabia has signed agreements to build 16 reactors by 2032. So the demand for uranium will keep rising.
Warren Irwin is the founder and chief investment officer of Rosseau Asset Management and what he says about Uranium is this week's podcast with my colleagues at Palisade Capital is interesting. He the talks his own book on a stock where he is the biggest shareholder. That is less interesting but for Yellowcake followers he offers justifiable comfort. Notably he focuses on likely growth in demand going forward particularly in China where they are constructing many new nuclear power plants. New uranium mines will need to be built to meet this growing demand creating upward price pressure.
Thom Calandra invests along side his audience and subscribers largely in natural resource companies. Blue chip stocks are overpriced in Thom’s opinion and the sector where true value can still be found is in mining and energy stocks. The recent small rebound has renewed interest and increased appetite for risk, but will it continue?
Berkeley Energia* (BKY) has announced a new company presentation and a quarterly report for the period to the end of 2015. All is on track.
Rick Rule of Sprott is perhaps the world's best known resource stock investor and thus not a man to be ignored. In this podcast with my colleagues at Palisade Capital his warning on energy stocks is clear, the opportunity - selectively - is in mining plays. I agree.
Right now Uranium and uranium stocks are not exactly flavour of the month. But as an energy source it is cheap, safe and reliable and there is an incredibly strong case for buying now as Cecil Musgrave explains in this week's podcast with my colleagues at Palisade Capital.
The now-named Berkeley Energia (BKY) has updated that “optimisation studies have commenced on the Salamanca project which are expected to reduce the operating costs making it amongst the world's lowest cost uranium producers once developed”
In an announcement entitled “Zona 7 transforms Salamanca project economics”, Berkeley Energy (BKY) has announced the results of a pre-feasibility study which shows “the project now has a Net Present Value of $871.3 million (£580.9 million) with an internal rate of return of 93% based on a discount rate of 8% and a long term uranium price of $65 per pound”
Investment Case: Sector: “Mining”. Therefore, it is not a surprise that, having been above 100p just over 4½ years ago and 30p 2½ years ago, shares in what was Berkeley Resources, now Berkeley Energy (BKY), traded down towards 11p earlier this year. However, the last few months have seen a recovery to a current 21p offer price
You know my views on gold and you may well say that I have been long and wrong for a while but when I am proved correct the upswing will be dramatic. My colleagues at Palisade Capital this week interviewed Jeb Handwerger who bravely is now calling the absolute bottom on the yellow metal. Jeb also explains why shares are going to slump and why he is uber-bullish on uranium.
Four months ago I suggested that mining investment specialist Metal Tiger (MTR) was a “mouse that might roar”. Despite two decent rallies since I covered the stock, on both occasions the share price gave back the gains. Today it trades at 0.7p, slightly above my original call. For anyone who has followed Metal Tiger closely this must have been a frustrating train of events, not least because of the significant progress the company has made in realising its ambitious goals. Yes, the mining sector remains mired in the severe downturn of recent years, but Metal Tiger has already proved its incisive edge in rooting out and profiting from some of the best buying opportunities in this tough environment. I caught up with CEO Cameron Parry to hear why he believes the current market is “alive with opportunity” and what he intends to do about it.
You know that I am bullish on gold. I explained why the other week HERE. But wait till you hear whet legendary investor Rick Rule – who has called mining stocks correctly – says is going to happen in the next bull market to start soon. The other day my colleagues from Palisade Capital interviewed Rick and he is not holding back.
Uranium stocks are bombed out. Survival is seen as the name of the game but I remain a big bull of yellowcake as do my colleagues at Palisade Capital. Hence we bring you Dr. Keith Barron, an exploration geologist with over 30 years’ experience in the mining sector. In 2001 he privately co-founded Ecuadorean gold explorer Aurelian Resources Inc., which made the colossal Fruta del Norte gold discovery in 2006. He is also the founder of U3O8 Corp, a uranium exploration company. Enjoy.