Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Denison Done Downtrend?

A picture is worth a thousand words. The general uranium supply/demand situation is well documented. Denison Mines is manages the activities of the Uranium Participation Corporation which probably goosed the uranium price when they made their initial purchases. Some commentators felt this purchase was artificially keeping the uranium price high and that uranium companies might be in for a lengthy correction. That may be true but the technical patterns look attractive in most of the uranium companies I follow. If you're uncertain about the current situation you can try a small purchase in one of the more liquid companies using a predefined stop loss. Its OK to be wrong. It's not OK to stay wrong.

Denison Mines