Sean Brodrick – Gold And Silver Correct, But Opportunities Are Present In the Utilities, Uranium, And Nuclear Stocks
Sean Brodrick, Editor of Wealth Megatrends and contributing analyst to Weiss Ratings Daily, joins us to review the pullback we’ve seen this week in gold, silver, and the PM mining stocks, but the opportunities presenting investors in the utilities, uranium, and nuclear power stocks.
We start off discussing the correction and consolidation we’ve seen over the last week in gold, silver, and the PM stocks, and why he is just holding onto his existing positions in the metals and miners to keep riding out the longer-term trend to higher levels after this pullback is worked through. He outlines the Chinese economy as a driving factor in the markets this week, as well as uncertainty around the upcoming US elections. Sean reiterated his call for up to $6,000 gold in the next 3 years, so he is still bullish on the precious metals complex longer-term.
The conversation then pivots into the opportunities Sean is seeing in the companies that can position around the growing demand for electricity for a myriad of reasons. He highlights Quanta Services (NYSE:PWR), as a utility company that has other divisions in grid rehabilitation and sourcing power for upcoming data center builds. In addition to the upward trends in utility stocks, we’ve also seen a big rebound in the uranium stocks the last few weeks. We discuss the bright future for more nuclear power, and the opportunities in stocks that can build out small modular reactors or supply the utility companies with the uranium and enriched nuclear fuel so necessary in the West.
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Click here to follow along with Sean’s work at Weiss Ratings Daily and Wealth Megatrends
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The 65 minute chart is looking good…
https://stockcharts.com/h-sc/ui?s=SILJ&p=65&yr=0&mn=1&dy=0&id=p05349333732&a=1800125839&r=1728510506707&cmd=print
Nothing new…still waiting. Still in all time low channel.
Looks like silver is STUCK AGAIN…… no $33.50…. (yet)…….
$28.70……….. for silver in play?????
Northisle had good news this AM and has gotten a positive reaction. My account offset Northisle by hitting most every other stock that is being reported so far…but primarily EMO and District. Hopefully the algo will correct its obvious wrong-footed attack when the OTC is forced to report other stocks by market forces … whatever those are.
Spread on Northisle now 5 cents on a 35 cent stock. Low side probably letting the brother in law in.
Still just on my watch list Lake …..what’s the status of actual mining permit and how far off are they from being a producer???
Not sure but they have brown-fields in their projects and Northisle formed over 10 years ago. Activity in the area has been active since the 1960s and the infrastructure is well established as they are real close to established mines and towns. The Mayor of the town is a former miner, the insiders are well invested but they appear to be still working on Participation Agreements and |Community engagements. I recall the CEO mentioning that they have excellent relations with the government and expect to move forward faster than normal for BC. Don’t hold me to that. One of the other strengths is that there is an under used mill in the area which they believe will give them a processing avenue when the time comes. Most of this is a “fog” as I listen to so many of them. Peter Grandich is high on the CEO and Michael Gentile is a large stock holder and recently made a site visit. Some of their recent interviews of Sam Lee (I think is the CEO) might have the info you seek.
Thanks Lake it all sounds great as I really am a fan of Gentile as well….guess only negative is Grandich name. Still have the scars from Donner metals he was really high on and I fell in love with the story and it looked fabulous for a rookie like me at the time. Except the structure of the deal let Glencore scoop it back up for nothing after us shareholders paid for the whole drill discovery over the yrs. Biggest loss and lesson for me.
Grandich himself has taken some major hits and is trying to phase out of professional trading activity. He is still maintaining communication with those that seek him out, which is still a considerable amount. He has openly stated that he has developed a friendship with Michael Gentile and respects Gentile’s judgement and knowledge to guide many of his personal investments. I appreciate his interviews with Gentile and have a page of notes from a recent interview where Gentile talked about 21 companies. He also makes disclaimers but he also is like Ex in that he has fantastic recall concerning his investments and interests. Trust is hard to win back when things happen like Donner, but as we all know with the miners, none of them are a sure thing. I have dumped some that turned out great and held some I use for canon fodder. But, the thing that drives me crazy is that everyone knowing that miners are “high risk” to start with …but our Wall Street friends find it appropriate to not only run a bogus paper price for commodities but intervene with the assistance of Hedge Funds and Regulators. That level of corruption in a market that the “operators” have at least some degree of fiduciary responsibility, is really difficult to understand Wall Street’s thinking that they have a protected market for personal gain at the expense of investors and mining enterprises.
Speaking of Gentile: One of his investments is Canterra Metals which had some News today. Haven’t read it yet but it is up 12% in one of my accounts. Price is seriously suppressed according to Gentile but he thinks it has some merit to look into. I assume he owns a chunk.
Wolf:
There is a new interview by Grandich of Sam Lee of Northisle on Youtube from a couple hours ago. Current info.
SILJ took out yesterday’s low by a penny before turning around and painting a bull hammer and finishing the day unch. Nice.
https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=1&dy=0&id=p38008989561&a=1790557080