Will the hurting ever stop? Silver stocks are falling, oil stocks are dropping, and all of the energy stocks are going down. Its funny to see the financials actually moving up in this turmoil. I do believe the commodities are due for an up-turn. If you take a look at the silver, the prices have dropped below $13 an ounce. This year it hit an high over $20 an ounce. I’m hoping it starts moving up earlier than later. Make my CDE move up, not down 🙂
No matter what happens in the presidential election there will be a place for uranium. Nuclear energy will be the next strong point to fixing our energy problems. Nuclear energy is clean and has many more safty measures than in the past to keep things safe. Look for stocks like USU to go up.
Another material to start watching is steel. These stocks have dropped over 20% within the week. Termium (TX) has a forward PE of 3.5. It’s the lowest I’ve seen for such a big company. One thing that kept it dropping was the nationalization of the Sidor mine in Venezuela. It dropped more when the sale negotiations with the president did not work out. You can bet that this stock is close to its low and its time for it to start moving up again.