Uranium Market Observations
As most of you know, I recently built and set up latesturanium.com.
This site is the best resource for any serious uranium investor who wants to compare all the uranium companies out there.
And trust me, there are lots. The funny thing is that although I have 123 listed as of now, almost every day I add one or two more.
In the last 3 days I have added 6 news stocks: cbp.v ore.v fsy.v xe.v iea.v ufm.v
And I have a very good feeling that I will continue to add a couple new uranium stocks every week.
Before our nice commodity bubble is done, I suspect I will have at least 300 uranium companies on my site.
The quantity will be there, but will all these juniors thrive or at least survive?
Nope. Peter Grandich, in a recent interview said that only 1 out of 10 resource juniors will still be around after the boom. And I think he's right.
What does that mean for us uranium investors? Well it means that we can speculate in all these penny stocks with interesting names but we will eventually have to take profits.
Many of the companies that we will make money on, like Grandich says, won't be around in 5 or 10 years.
Speculating in small caps is not about buy and hold. It's about getting in early, riding the wave for a couple years and then getting out before the bubble.