Uranium Miners Leading Market Higher, Uranerz (URZ) Outperforming Sector
We are in the midst of a powerful rebound in our select uranium miners such as Uranerz (URZ). The charts indicate an explosive 220% rebound since October lows. For months we sent out reports that Uranerz will outperform as they are well funded and have already initiated construction on their Nichols Ranch In Situ Uranium Project, which should be producing uranium by the end of the year. They also have agreements with Cameco and Exelon, two major nuclear players. In fact Uranerz is leading the sector over the past three months regaining its 200 day moving average and rallying over 225% from October lows.