Three Promising Uranium Stocks to Keep an Eye On
Apr 23rd, 2008 | By Dominic Frisby | Category: Gold MarketNow, that two year chart is identical to my anatomy of a bubble chart that I am fond of posting:

There are so many people who will have lost money as the sector sold off last year it is likely to be quite some time before this memory is erased and the sector really gets moving again.
But most companies have retraced to well below their original 2005 -06 break-out points, which leads me to think we are somewhere in the late capitulation phase, possibly even as low as the despair, final wash-out phase.
The hugely bullish fundamentals for the metal haven’t changed. The Chinese are operating at breakneck speed. The uranium supply just isn’t there. As the prices of coal, natural gas and, in particular, oil continue to rocket, the need for this alternative fuel could quickly become recognized again by the market.
That move will likely take some months to unfold, but it will come eventually – of that there is no doubt – and you want to be positioned for when it does. We may even have further to go to the downside. But now is certainly an opportunity to buy these things cheaply. I’m not diving in, but it’s not a bad time to be gently accumulating. There are plenty of good juniors out there. For the record, the ones I own – not necessarily the best – are: Mawson (CA:MAW), which has operations in Sweden; Uranium Power Corp (CA:UPC) in the US; and Cue Capital (CA:CUE) which has operations in Paraguay.
Until tomorrow,
Dominic Frisby
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Dominic Frisby is MoneyWeek’s commentator on commodities, and is an active private investor in junior mining and energy companies. He is the presenter and producer of Commodity Watch Radio - an internet radio show run in association with Minesite, where Dominic discusses the commodities and financial markets with leading lights of the sector.