Correlation, Causation or Coincidence?

You decide.

Mish Talk: World Dollar Liquidity Crashes as Does Marginal Utility of Debt



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Uranium Stocks - U, UUUU, UEC, DNN, NXE

Some uranium stocks looking promising.

On our radar:

U, Uranium Participation Corp. (trading in Canada, priced in CAD) - bullish above $4.25, stop below $3.95

UUUU, Energy Fuels Inc. - bullish above $2.03 , stop below $1.46

UEC, Uranium Energy Corp. - bullish above $1.03 , stop below $0.80

DNN, Denison Mines Ltd. - bullish above $0.50 ,  stop below $0.35

NXE, NexGen Energy Ltd. - bullish above $1.30 , stop below $0.95

 



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Buying UEUR

UEUR is a heavily levered instrument with which to speculate on the euro rising vs. the U.S. dollar.

UEUR last traded at $15.04

In March of last year we shorted the euro via DRR.

A month later, we made a bullish case for the U.S. dollar, stating emphatically in bold: "The long-term view suggests USD returing to near the $100 mark at least."

We booked significant short-term gains on several related positions a few months later.

This week the U.S. dollar crossed above $99,"near the $100 mark" as predicted, and we've posted a new dollar chart study.

This month we've accumulated UEUR at an average cost of $15.10 and suggest it's a good time for speculators to consider doing so too.

Our stance on these currencies is in no way indicative of our opinions on the U.S. and certainly not on the European Union itself.



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