...hmmm - die Geister scheiden sich
zumindest short term
China, Commodities, & U308
BY FRANK BARBERA, CMT
“In addition to the Gold and Silver universe, our investment tastes have led us to develop a strong fondness for Uranium Miners where a raging bull market has been present these last few years. Another sector that we believe is engaged in a long term, secular bull, the Uranium Miners are also currently potentially in the act of turning bearish. We show the charts of Denison Mines, Strathmore Minerals, and Cameco on the next page --- all of which are sporting potentially bearish divergences and/or topping patterns. While we like all of these companies a great deal, and we admit, we could be wrong, in our view, the fact that a few months have passed during which time Uranium prices have soared, while the stocks have been unable to advance tell us the stocks are acting very heavy and could be ripe for a major decline. For those of you who follow this sector and have profits accumulated, our advice would be too tighten up stops and let the market take you out of your long positions if it moves down from here. We intend to return to some of these names later on, and will be following them closely in the weeks and months ahead, as we do like the larger, long term story.”
http://www.financialsense.com/Market/barbera/archive.html
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