"Biggest Bull Market in History"Excerpted from MarketWatch, via Yahoo
https://biz.yahoo.com/cbsm/070101/95f42fd998fb4a968917fcee6f8b3557.html
[Newsletter writer James] Dines is now working on his annual forecast issue, which will be mailed in mid-January. (He says it's too big to email). Much of his January issue is devoted to the uranium sector, which has done very well for him this year. He expects it to continue and writes:
"A uranium leap of this magnitude, up 92% in only nine months, we thought would surely attract the attention of the world to this phenomenal bull market, but we are again amazed that it has yet to appear in America's headlines! As we have been reporting to you all the way up from $8/lb, according to the rules of Mass Psychology, this bull market's figurative 'invisibility' means that we are still early in the move! We wonder to ourselves, how high does this suggest uranium might go eventually? At $8/lb our "initial target" was an admittedly unlikely-looking $50/lb (US), but when that was achieved we posited our final target of $70/lb to $100/lb...."
Although uranium has now reached $70/lb, Dines says:
"The very fact that uranium has not had a single Pullback -- or even a flat Consolidation -- all the way up is astonishing for any commodity, and adds credence to our expectation at rock bottom that uranium's was to be one of the biggest bull markets in history."
Dines also says a strong January would be a good sign for stocks -- but that the Dow Jones Industrial Average is "overbought" and that a decline could come "out of the blue." He is bullish on bullion for the short and intermediate term.