The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
Stock Market Looks Good
|
Aden Forecast (07/28/2010)
The stock market is looking good. This week several of the U.S. stock indices hit 2- to 6-month highs, and they're all back above their key moving averages. This tells us that stocks are going to rise further. Plus, the Dow Theory triggered a new bull market signal on Monday. As Dow Theory expert Richard Russell points out, by simultaneously breaking above their June highs, the Dow Industrials and Dow Transportations are now signaling that the stock market trend is up. And since our own leading indicators have room to rise further, stocks will likely continue to head higher at least in the months ahead. For now, the Dow Industrials will remain very strong above 10400. Most of our recommended stocks are rising and we expect they'll move much higher, along with the general market. Keep your current positions. The resource sector is strong. Copper and the other base metals are on the rise, while our resource shares are rebounding nicely, (see chart). Even uranium rose this week, closing at an almost nine month high today. This sector rises when the global economy shows potential and copper is the barometer. Copper closed at a 2 ½ month high today, it's in a solid uptrend above $2.92 and it's strong above $3.08. Keep your positions. Crude is following; it's strong above $76 and it's in a solid rise above $73.50. Oil above $80 would show great strength. 
|
PRINT THIS PAGE
EMAIL THIS PAGE
Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >