The beginning of a unique bull marketI don't post much on SH these days but just want to report this:
I try to use as many indicators as i can find to figure out where to put my money and when.
I also try to read as many opinions and analysts as possible.
One of those analysts (if you can call him an analyst) I use is Mahendra the astrologer.
Many people mock the idea of using astrology to predict the stock market but the reason I listen very carefully to Mahendra is that he has a phenomenal record of correct predictions over the last 25 years. For many years I have been following this without actually acting on his predictions and I can safely say i wish I had acted on some of those calls. For example he said sell gold and silver and buy the S&P 500 in 2012! When I told a friend about this a while back he said "who cares how he does it, if he's getting it right then he's worth listening to"
So to get to my point: Two years ago he predicted that Uranium would begin a "unique" bull market in November 2014. I don't know why he used the word "unique" but he had a twinkle in his eye when he said it which I took to mean it would be quite the bull market and any of you who have followed uranium over the years will know that when it moves it can move very fast.
So earlier this year I decided to watch the U space very closely and begin to buy in October/November. My first buy was over $20 which was a bit early but the bulk of the shares I have bought were around $18 in mid October and Iv'e ended up with an average of $19.02 which is now looking like a good entry level.
I have also spent a lot of time studying the fundamantals of Uranium and concluded that in spite of lingering doubts we could have seen the bottom and there are many reasons, which I won't go into here, that could drive the sector from here over the next few years. I guess the bottom line is all about supply vs demand and over the last few years there has been no real pressure on the supply side but that is starting to change and looking at the next 5 to 10 years it looks highly likely that the demand side could well overwhelm the supply available. In most markets a 5 to 10 year timeframe would not be expected to be a catalyst for a near term upswing in the market but it's a different story in Uranium and once the market begind to digest this future scenario it could have quite the effect imo. We shall see but there it is anyways, I am loaded up on CCO and just thought I'd pass om my thoughts here.
It won't surprise me if this post gets some mocking responses on the lines of anyone who follows an astrologer must be in cloud cookoo land but as I've said before about Mahendra: 'I don't care if he get's his predictions from reading tea leaves if he gets it right I'm listening!.. and incidentely he has an impressive list of very high net worth subscribers who pay big money to get his predictions. I pay nothing btw I just recieve occasional emails that he sends me a few days after he sends them out to his subscribers.
Cheers