Mining Sector Ideas

[bigworld]

gfp: The last of my sell orders went off yesterday at $60.01. The final tally is that I lost about $163,000. Not a good trade. But before the war caused the big drop in the miners and bullion my portfolio was up about $800K over the previous 14 months. So I have to keep that in perspective. Sometimes you take a big swing and you miss. Sometime you hit a grand slam. The miners will rebound and then far exceed the previous February highs. McAlvany sees gold going to $8000 in the intermediate term. Silver is destined for $200 an ounce at least. Hard assets are still the place to be. For what it's worth Rinear still likes UUUU (Energy Fuels Inc.) It's down 23% recently but still up over 300% over the past 12 months. It's at @ $17.50 a share right now. It's primarily a play on uranium and rare earth mining. They produce heavy mineral sands, vanadium, uranium, and rare earth materials. I may buy a few thousand shares after the war concludes. I see the chart. If it drops further it has to hold at $13. I think it will. Until fusion gets perfected Uranium is our only avenue to remain competitive energy wise.