Doug Casey: Uranium May Be My Single Favorite Commodity
Doug is currently writing the latest book in his novel series. In it, his lead character becomes an assassin out of necessity, and that leads to an examination of the morality of a such a career.
Doug discusses the last commodity peak back in 2011 which is already seven years ago. This bear market is quite long, and most commodities are down at least 50 percent not factoring in inflation of the dollar.
The junior markets are quite illiquid, and that makes it difficult to obtain sizable positions in them. Private placements are useful because you buy shares directly from the company. However, it takes awhile to be able to sell the stocks. Even if you lose money on the first trade, you will still have the option to buy using your warrant for two to five years.
You want to buy when others are timid. You want to be careful when everyone else is being bold. Right now no one wants to hear about the junior resource sector so now is the ideal time to get in.
Uranium may be Doug’s favorite commodity. He has been involved with uranium and related companies for a long time. The price of uranium today is as low as it was in 1998 since the dollar is worth a lot less today. He is expecting very big returns. One of the companies he likes is Blue Sky who are doing uranium development in Argentina, and that country is open for business.
Doug feels that Trump is doing a reasonable job although he lacks a philosophical core. He doesn’t read books, and he doesn’t think historically. On the plus side, the liberals, the beltway, the media, and academia all hate him. Overall he has acted pretty well, and it is good that he understands business.
Talking Points From This Weeks Episode
• Stock markets are lofty, but the bond market is far worse.
• Interest rates will have to climb and will result in high inflation.
• Inflation is usually good for commodities.
• Uranium is as cheap as it was in 1998.
Best-selling author, world-renowned speculator, and libertarian philosopher Doug Casey has garnered a well-earned reputation for his erudite (and often controversial) insights into politics, economics, and investment markets. Doug is widely respected as one of the preeminent authorities on “rational speculation,” especially in the high-potential natural resource sector. Doug’s recent book “Drug Lord” can be found on Amazon.
He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN; has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. More of his work can be found at the internationalman.com, Doug has lived in 10 countries and visited over 175. Today you’re most likely to find him at La Estancia de Cafayate (Casey’s Gulch), an oasis tucked away in the high red mountains outside Salta, Argentina.