Denison Mines (DML)

This week, we look back at past stock ideas from my November blog on what was a hated, unpopular and out of favour sector, uranium.

With speculation returning to the stock market and spurring on high-flying moves in sectors like gold, silver, lithium, and marijuana-related stocks over the past year, we look for where we might next see some outsized gains from beaten down assets. Lo and behold from the ashes we are starting to see uranium stocks, a painfully bruised and out of favour asset class, looking more and more attractive.

In looking at start the start of October, we entered a period which began under a great deal of negative sentiment thanks to the volatility of the last few months and the financial media which always seem ready to trot out annual comparisons to October 1987 or various analogs to the 1929 stock market crash. We see this as a very bullish backdrop from a contrarian point of view. In fact, we are already seeing increasingly bullish signs across North American financial markets. The S&P 500 and Dow Jones Industrials have thumbed their noses at the mainstream media as they have risen 5% in the last week alone, one of the best starts to October ever!