Denison Mines Corp (DML.TO)

One of a half a dozen names below the level of Cameco (CCO-T) in the Athabascan Basin and does have assets elsewhere. Have some very interesting high grade discoveries. You need uranium to really start working. The Japanese are starting to turn on their plants again.

At this level it would sort of be a screaming Buy. It has a base that goes back 5 years. If it breaks down through that level, there is something else going on. You might have to be patient with this, and go through a little bit of fits and starts. Very volatile.

An okay space, but generally speaking, uranium lacks visibility. It will eventually go higher, but he just doesn't see a huge catalyst because there isn't strong global growth.

(Market Call Minute) Still thinks uranium will struggle for a while. Ultimately it is a good story, but it will trade in a range for a long time yet.

(Market Call Minute.) Uranium, but not a producer. An explorer and you have to have a long-term view, because it is probably another 2-3 years for uranium really get going. For certain type of investor, this would be a Hold.

It tested the low of 2012 at the end of 2013, but did not go lower and that is a significant point. Now it is meandering and you need to see what it is going to do. Wait for a break out.

It will have resistance around $1.50. If it gets above there we can get to $1.85. It is weakening a little so be patient on this one.

This is kind of scary. Share count is around 440 million. When you have such a high share count, there is a good chance of a stock consolidation. They have some great properties, but are losing a lot of money.

(A Top Pick June 6/13. Down 4.74%.) Has been a roller coaster. If you want exposure to uranium, you either go to Fission Uranium (FCU-X) or to this one.

The question of uranium has so much to do with the nuclear industry. Germany is getting rid of nuclear. Japan was getting rid of it, but is now moving in the other direction. There are a lot of plants that are going to come on stream in the next number of years. If uranium does well, companies that deal with that commodity should do better. At this point in time, he is not doing anything.

There is no index that allows him to do a seasonality study on Uranium. In DML, we established a downward trend. This one does not have support for being long in the security.

Pretty good name in the uranium space. But no one likes uranium. You need to see the uranium price tick up again. If you are going to own the sector this is one of the best names in the sector.

(Market Call Minute) Longer term there will be a huge demand for Uranium down the road. Don’t buy it for this year.

Uranium stocks have had a huge upward move in the last 6 months. Now pulling back a little. They are pricing in uranium prices that are much higher than current prices. The expectation is that as Japan comes back online, that demand will start to firm up. He agrees with this, but would rather play it through the commodity directly via Uranium Participation (U-T). Stocks have already priced in a higher uranium price so it follows that uranium prices should start to rise. Feels this will happen over the next 6 months.

This is a tricky stock. Very, very choppy. However, it is now showing a nice break out from late 2013, followed by a consolidation with pick up in volume. Potentially a turnaround situation. Chart shows it had a spike on Feb 25 where it was up 9% from $1.50. That was very good and will use that as a bottom. Use the $1.50 as a Stop. He thinks you could expect another $.50 increase from here to about $2.30.