The head of the Twitter/X Uranium cult John Quakes aka @quakes99 has decided to call it quits as prices of uranium and uranium mining/exploration stocks collapse.
On September 27th, NIA sent out an alert saying, "NIA's Virginia Energy Resources was acquired earlier this year by Consolidated Uranium. Unfortunately, with Virginia Energy acquired, we don't see any uranium stories that stand out like we do in the gold sector."
On October 3rd, NIA sent out an alert saying, "It is impossible to make us feel FOMO and chase a garbage overvalued uranium stock higher simply because a bunch of idiots are doing so. We are bullish on uranium long-term but are unaware of any near-term catalysts like we have in the gold sector. It feels like a bunch of Gen-Z investors who gave up on Crypto have been buying uranium exploration stocks only because they dislike boomers who they perceive as owning gold exploration stocks and they want to be different. It is hard for us to understand what goes on in their minds (probably a lack of rational thinking). At some point in the near future, they will have no choice but to buy gold explorers because there isn't going to be anything else in play."
On October 25th, NIA sent out an alert saying, "Cameco is the highest quality producing uranium miner, but it's already trading with an enterprise value of 10.26X revenue vs. the largest producing gold miners Barrick, Newmont, Agnico Eagle, and AngloGold Ashanti currently trading with a median enterprise value of only 3.25X revenue. Historically, Cameco has traded at a multiple in line with gold miners, not 3X higher than gold miners."
A ratio of the Gold Miners ETF (GDX)/Cameco (CCJ) is beginning to break out big and closed last week at a new 52-week high!
A company like Uranium Energy Corp (UEC) at its February 2024 high of $8.34 per share was at a bubble peak that will never be seen again. UEC is still extremely overvalued at $4.67 per share and will likely decline another 50-75%.
Gold exploration stocks haven't broken out yet, but a select few gold exploration stocks have 1,000%+ short-term upside.
The safest stock with massive upside is Celtic plc (LSE: CCP) or CLTFF.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
