Nick Hodge is the founder and publisher of the Outsider Club and the managing editor of Nick Hodge's Early Advantage and Like Minded People. He is author the author of Energy Investing for Dummies and co-author of Investing in Renewable Energy: Making Money on Green Chip Stocks. In this Wall Street View, our host spoke with Nick Hodge, Founder of Outsider Club at the LD Micro "Main Event" 2014 in Bel Air, CA.
Mr. Hodge begins by explaining what is currently going on in the commodities market, “I think we’re starting to trough out a little bit, it’s been a long hard grind down, it hasn’t been a straight plummet down and I think we’re starting to see a slow crawl back up. It’s not going to be hockey shaped by any means, but I think we’re starting to see some deal flow and some news flow starting to emerge that point to some money starting to flow back into the sector. Whether that’s the recent acquisition of Kayton Resources or broad-based ETFs like GDX, GDXJ seeing some bigger inflows and bigger volume over the past couple of weeks.”
He discusses what he is looking forward to in 2015, “The things I’m looking at are Uranium. I’ve been pounding the table in Uranium for a long time now, we’ve seen the price start to increase on its mid-20s lows here in the past couple weeks and months, we’re starting to see utilities enter the spot market and start to buy uranium at spot for the 2017-2018 cycle and that has helped buoy the prices a little bit and of course we’ve had companies like Fission Uranium, who I have probably mentioned with u before, it’s one of my favorite uranium companies, they just got their final assays before their Maiden Resource Study is out.”
He goes into why rising uranium prices help exploration companies, “Rising uranium prices, I think you know just lights a fire underneath right, because where they were just sitting on their hands before saying even if we hit something, even if we hit good mineralization or return good assays, the market doesn’t really care because the price is so debased but as the price starts to rise, that starts to float down all the way to the exploration companies because when they do have a good announcement, then it’s sort of a buy the news moment instead of a sell the news.” In this Wall Street View, our host spoke with Nick Hodge, Founder of Outsider Club. For more information, check out his website: www.OutsiderClub.com
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