Cameco (CCO)

Today on INK Ultra Money it is all about mining. For those following the uranium space, today Real Vision has a must watch interview with Arthur Hyde, partner and co-portfolio manager at Segra Capital Management. Already, between the time of filming and release of the video, one of Hyde's predictions has already happened. Meanwhile, INK takes a look at Taseko Mines (TKO) which has continued operations through the COVID-19 crisis.

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When it comes to the potential for stock market gains for the rest of the year, is the glass half full or half empty? We tackle the issue in this week's Canadian Insider Insights newsletter. We suggest that the optimists may have one important factor going their way.

To get our take on what that might be, click here to read the latest edition of our weekly newsletter for free. It is even better than free because no registration is required.

A brief uranium note before we start this blog: a couple of weeks ago, I pondered whether uranium was oversold enough for a big rally. Since then, we've seen some positive signs. First, Uranium Participation (U) the tracking stock for the price of uranium climbed to a 3-week high. And Cameco (CCO) the world's largest uranium producer looks to be carving a bottom and has held its ground in the $12 area for about 2 weeks. As well, Nexgen (NXE) shares have made an impressive U-turn in the past few days. But we don't have an all-clear signal just yet. That's because the uranium sector needs Cameco to take the sector lead (and cross above its 200-day average) ahead of any uranium sector rally, so it's a stock worth watching closely. Finally, junior producer Uranium Energy Corp (UEC*US) which I wrote about in that blog, received confirmation this week that they will be added to the Russell 3000 Index later this month (as well as either the Russell 2000 or Russell 1000).

Perhaps it was no surprise with a pivotal US Federal Reserve interest rate decision pending, but hard assets were taken down 'hard' last week. Copper, gold, silver, platinum and oil crumpled heavily, and reached oversold conditions not seen in months, even years. However, experience suggests whenever multiple commodities hit the ground hard in unison, it is really an opportunity cloaked in panic. When I studied my own forecasts and saw they lined up well with this panic bottom idea, I began to focus on some resource stocks with star power.

This week, we look back at past stock ideas from my November blog on what was a hated, unpopular and out of favour sector, uranium.

With speculation returning to the stock market and spurring on high-flying moves in sectors like gold, silver, lithium, and marijuana-related stocks over the past year, we look for where we might next see some outsized gains from beaten down assets. Lo and behold from the ashes we are starting to see uranium stocks, a painfully bruised and out of favour asset class, looking more and more attractive.

INK Research Announces Semi-Annual Review of the INK Canadian Insider Index
May 13, 2016

Vancouver, May 13, 2016 - INK Research (INK) announces changes to the INK Canadian Insider Index as a result of the rules-based semi-annual review. These changes will be effective at the close on Friday, May 20, 2016.

ADDITIONS (Name and Symbol)

It’s no exaggeration to say Saskatchewan-based Power Prospector Tim Gitzel is powered by fuel and food. His corporate involvement spans both nuclear giant Cameco (CCO) and NYSE-listed fertilizer play The Mosaic Company (MOS*US), and lately he’s been adding to his stake in both companies.