Junior Gold, Silver, or Uranium Stocks
Contributed Opinion

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Are You Prepared?

With the U.S. government's new and righteous backing of nuclear energy (fission for now and ultimately fusion), gold and silver stock enthusiasts may wonder if they should be adding some yellowcake stocks to their portfolios.

First, a bit of background on the CDNX venture market, where most of the world's junior resource stocks trade. There's no ETF (one was tried back around the year 2006, but it failed), so investors need to focus on the individual companies.

Here's a look at the daily chart: 

A significant breakout from a broadening pattern is in play and the target is a nice one, at 900. The long-term monthly chart is even more stunning, and here it is: 

The target of this massive H&S pattern is at least 1500 and as high as round number 2000.  Given the amount of time that has gone into it, it's reasonable to expect the CDNX to reach much higher prices, even, perhaps, an all-time high.

Note the key Stochastics oscillator at the bottom of the chart. During regular rallies, an overbought situation is an amber light for investors. 

In contrast, when the price is rallying towards a key breakout point, overbought Stochastics adds weight to the upside scenario.

When it comes to yellowcake (uranium) stocks, it's difficult to find ones with a lot of liquidity on the CDNX. Most of them are on the bigger TSX. The good news is that there are many juniors there too.

Here's a look at Sprott's URNJ junior uranium stocks ETF chart:

Investors who are new to the uranium sector should consider starting with the ETF and adding individual stocks from there. Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) is an experienced uranium player, with a stock price junior investors will like.

Here's the chart: 

Most of the junior uranium stocks look poised for 50%-100% gains. For gold, an interesting play is Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCMKTS).

Here's a look at the bio for the company's no-nonsense president:

The good news is that the chart looks as enticing as the robust management team indicates it could be: 

It looks like Michelangelo sculpted it!

The target is at least the highs near 80 cents, and the breakout looks solid.

Silver?

Well, here's my take on Santacruz Silver Mining Ltd. (SCZ:TSX.V; SCZMF:OTC; 1SZ:FSE): 

If I had to pick just one CDNX silver stock to buy right now, well, I couldn't.

There are many of them leaping up from massive base patterns and that's just one of many reasons the CDNX index charts look so fantastic!

Special Offer for Streetwise Readers: Please send me an Email to [email protected] and I'll send you my free “CNDX Ten Baggers: The Time To Buy Is Now!” report. I highlight stocks with breakout gaps, big volume, solid projects, great management, and rock-solid investor tactics to play the action!

I write my junior resource stocks newsletter about twice a week, and at just $199/12mths it's an investor favourite. I'm doing a special pricing this week of $169 for 14mths.  Click this link or send me an email if you want the offer and I'll get you onboard. Thank-you.