- the source for market opinions


October 15, 2019 | US Uranium Delay: Unwelcome, Unsurprising, and an Opportunity

Lobo Tiggre, aka Louis James, is the founder and CEO of Louis James LLC, and the principal analyst and editor of the Independent Speculator. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James.” While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey. Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. However, his long tutelage under world-class geologists, writers, and investors resulted in an exceptional track record. The average of the yearly gains published for the flagship Casey publication, the International Speculator, was 18.5% per year during Tiggre’s time with the publication. A fully transparent, documented, and verifiable track record is a central feature of services going forward. Another key feature is that Mr. Tiggre will put his own money into the speculations he writes about, so his readers will always know he has “skin in the game” with them

Boy am I glad I warned readers not to count on Donald Trump’s Nuclear Fuel Working Group (NFWG) lighting a fire under uranium stocks today. Word is out that the group has been given a 30-day extension.

Given the departure of John Bolton from the Administration, and hence the NFWG, the delay is no surprise.

Some investors seem to be reading more into the news, however. Despite most stocks on Wall Street staging a significant rally today, related uranium stocks are down.

Other investors are guessing that the delay is good news. Why delay if the group is not working on some new ideas for action to suggest to the president? Lots of reasons. Never underestimate the snail’s pace that can be inflicted by simple, intractable bureaucratic stupidity.

In my view, there’s no reason to see the delay as good or bad news.

Lower prices are another matter…

If you’re not interested in speculating on uranium plays at this time, fine. Move on.

But if you are, nothing else having changed, lower entry points are a clear plus.

Is it discouraging to keep suffering more delays?

Of course. Investor fatigue and boredom are major sources of contrarian opportunity.

I’m not saying I enjoy having to wait longer for payday. I am saying that I knew and said that something like this was likely this week—and that it is creating opportunity for those interested in this speculation.

Simple as that, that’s my take.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the Weekly Recap.

October 15th, 2019

Posted In: Louis James

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site


This site uses Akismet to reduce spam. Learn how your comment data is processed.