Jeb Handwerger, Editor GoldStockTrades.com, “Uranium, Rare Earths, Graphite: Potential Opportunities in Resource Market” at the World Resource Investment Conference 2012
Jeb Handwerger, Editor of GoldStockTrades.com, where his Newsletter Subscribers can read about his “up to minute” technical analysis of the markets, and he is also a Rare Earth Element Think Tank Member. SNNLive caught up with Jeb at the Cambridge House World Resource Investment Conference 2012 in Vancouver, BC.
In this interview, Jeb discusses the current state of the Precious Metals market, and how this has an effect on the junior mining companies, ”this is a time to be looking at undervalued resource stocks that are trading at historic discount valuations.” Mr. Handwerger also talks about how political events in Europe are affecting precious metals. When asked where are the safe havens, Jeb explains: “We believe that the safe havens are in tangible assets where there are underlying strong fundamentals. We like the mining stocks, we like especially the uranium miners because we believe that the supply-demand fundamentals are very strong for uranium. We like the critical metals, the rare earths, over 97% supply coming from China. We like also some of the graphite stocks, where we see close to 80% coming out of China, and the supply-demand fundamentals are still strong in these sectors. Unfortunately, we are in a panic and the panic is causing the retail, ‘the dumb money’, investors to position their portfolios in a record level of cash and treasuries. That indicates that we are reaching a top, a bubble in the treasury market, we are reaching a bottom in the tangible assets, in the natural resources in the venture index.”
“Sometimes you can’t catch a bottom, but its better to get in early rather than to be late. We’re right now at a time where investors should be studying some of the quality precious metals miners in mining friendly jurisdictions with excellent management teams, to look at the undervalued uranium miners in the Athabasca Basin, and the Powder River Basin in Wyoming. We’re seeing 5 new nuclear reactors coming online in the United States. We’re seeing Cameco raising $1 billion and their saying they are looking for acquisitions. And at these prices, we are seeing some of these Uranium miners with pounds in the ground trading at these ridiculous cheap prices”, Jeb concludes. For more information about Jeb Handwerger, and to subscribe to his newsletter, check out his website. SNNLive welcomes back Jeb Handwerger, Editor of GoldStockTrades.com. Enjoy his Wall Street View.
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