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« Strathmore Minerals Corporation: Up 20% Today | Main | Marin Katusa Values Viable Technologies and Leadership »
Monday
Nov082010

DNN Up 11.55%, CCJ Up 7.46%, KRI Up 35.80%, URE Up 10.83%, URRE Up 31.43%, URZ Up 15.26%

URRE Chart 09 Nov 2010.JPG


What a cracking day for uranium stocks as we can see most of them have put in a brilliant performance today bringing some respite to long term suffers and putting a smile on the faces of those who have recently taken an interest in this beaten down sector and bagged a few shares.

Using Uranium Resources Incorporated (URRE) as an example, we can see that it has doubled in a matter of weeks from $1.17 to $2.30, also note the recent increase in the volume of shares traded, which is another positive sign for the stock. The technical indicators are in the overbought zone, which suggest that a pull back is on the cards, however, they could stay there for some time as renewed interest in this sector buoys the stocks.

As you know our focus has been on the silver sector where we have made excellent profits particularly with our options trades with Silver Wheaton Corporation. The best performer being closed out for 212% profit and our most recent purchase gaining 35% in one day. However, the uranium sector looks as though it is coming back life and the possibility for generating profits via a few well placed options trades is upon us. For us, its time to dust off the drawing board in an attempt to unearth a few gems.

Uranium Spot Price Chart 09 Nov 2010.JPG

To answer some of the emails that you have sent us we are pleased to tell you that over in www.skoptionstrading.com we currently have 13 gold and silver related open positions, up between 66% - 131% with an average gain of 86% on each of these trades, which were all opened in the last 18 days. Those who joined us three weeks ago are doing very well indeed.


Please dont forget to take a look at our options trading service, www.skoptionstrading.com where our total of closed trades is 38, with 36 winners. This means that a subscriber who had invested $1000 in each of our 38 trades would have banked profits of $15,636.00. We have just posted a set of charts demonstrating the importance of timing in any trade on gold-prices, please click here if you are interested.


SK Chart 23 Oct 2010.JPG


The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today?


Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.



To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.


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