Have you seen the UEC chart lately? In March – May we started accumulating stock, see our post Uranium Is Burning Up The Markets, it’s doing more than just burning up the markets now, I’ve got a whole burning in my pocket with the amazing increases I’ve seen. Here’s what we said about Uranium and UEC:
Uranium companies are hot on our radar – Making a huge spike back into the markets – a large percentage of our Uranium is derived from foreign soil with only a small percentage in the U.S. – local companies are trying to change that. A few U.S. companies that we like:
UEC – is one of them – with a volatile market and positive news out this could be a great buying opportunity.
This proved to be a great opportunity. And with more good news on the horizon, this just might get better: Uranium Energy Corp Commences Major Drilling Program at Salvo Project in South Texas.
And to make things hotter, check out this PR from Encompass Fund:
The Encompass Fund (ENCPX), www.encompassfund.com, a go-anywhere, open-end mutual fund that posted a 137% return in 2009*, continues to outperform this year. The fund gained 22.14% as of October 31, 2010 to rank in the top 1% in Morningstar’s World Stock Fund category out of 830 mutual funds for the year-to-date period ended October 31, 2010.
Guess who was in their top 5 holdings if you guessed UEC you’d be right.
As of Oct. 31, 2010, the fund’s top five holdings were:
- Avalon Rare Metals (AVL.TO; AVARF.PK)
- Uranium Energy Corp. (UEC)
- Delcath Systems (DCTH)
- Petrodorado Energy (PDQ.V; PTRDF.PK)
- Avion Gold Corp. (AVR.V; AVGCF.PK)