Thinking like a contrarian... or acting like a contrarian

Everyone wants to be a contrarian. Yet, no one wants to take the actions contrarians take… especially when it’s time to pull the trigger.

Uranium and lithium stocks have been in consolidation mode drifting downwards for some time irrespective of the fundamentals which are clear as day to most.

On 9 July 2024, President Biden signed a broad energy-related bill — the ADVANCE Act — that somehow (in these polarized times) received overwhelming bipartisan support.

The measure, which is part of the Inflation Reduction Act (don’t get me going on that), will be crucial in paving a clear path for advanced reactors.

“This is the result of years of work to build widespread consensus about the benefits of advanced nuclear reactors to our electric grid, economy, and environment,” said Environment and Public Works ranking member Shelley Moore Capito (R-W.Va.).

Do NOT Buy a Lithium Stock Until You See This…

There’s a lithium boom story you’re not being told. 

And one simple move could turn $500 into $10,000… regardless of what’s happening in the markets.

We’ve already shown a small group of readers 1,639% gains on the lithium boom — and we’re just getting started…

Thanks to this unfolding situation, we’re gearing up to make a lot more. 

Click here for all the details.

The Act, part of the Fire Grants and Safety Act, will expedite the development and deployment of nuclear energy here in the US. One of the bill’s key points is that it directs the US Nuclear Regulatory Commission (NRC) to look for ways to speed up its licensing process for new nuclear technology. 

It will reduce regulatory costs for companies seeking to license advanced nuclear reactor technologies, as well as creating financial rewards to incentivise the successful deployment of next-generation reactor technologies. It will also direct the NRC to enhance its ability to qualify and license accident-tolerant fuels and advanced nuclear fuels.

The World Nuclear Association reports that the act will also support the development of advanced nuclear reactors in other countries, empowering the NRC to lead in international forums to develop regulations for advanced nuclear reactors, and directing the US Department of Energy to improve its process for approving the export of US technology to international markets, while maintaining strong standards for nuclear non-proliferation.

This bodes well for the implementation of small modular reactors (SMRs) and will help expedite building of nuclear reactors at a pace not seen since the 1970’s. 

These compact reactors will be small enough to fit on a semi-truck and can be deployed around the country.

The DOE recently made up to $2.7B available to purchase low-enriched uranium from domestic sources to build capacity here in the states.  

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The future for uranium is clear as day to me, and this is a megatrend you should be profiting from. Most of the uranium stocks in the portfolio are up triple-digits, and the fun is just getting started as the junior explorers without discoveries are trading at pennies on the dollar.

That’s when you buy. But you have to be a contrarian, which likely means you’ll be early most times, and you have to be patient for the part of the cycle that rewards quality explorers. But when that cycle hits… it can be very, very profitable. 

Let’s get it!

Gerardo Del Real

Gerardo Del Real
Editor, Daily Profit Cycle