This May Be The Best Commodity Play of the Decade - CEO
The commodity space couldn’t be livelier, thinks one executive in both the gold and uranium sectors. Amir Adnani, CEO of Uranium Energy Corp., says commodity investors may be in the midst of the best opportunity in more than a decade in the resource space, especially when you look at the fundamentals of the uranium market. “We’re in a full bear market,” he told Kitco News at this year’s Freedom Fest. However, given that demand is rising and supply continues to contract, prices may be moving much higher. “Yes, the velocity of recovery has been disappointing but it’s heading in the right direction and that overhang will clear, and when it does, we’re going to see a market that can move very quickly.” Although Adnani, also founder of gold company Brazil Resources, doesn’t think gold is in a bull market like most investors do, he says it is coming. “I don’t think this is a bull market at all, I think this is a market that is recovering,” he said. For Adnani, the uncertainty surrounding markets and geopolitical events like the Brexit are helping build the case for gold. “Brexit in a way brought to the forefront what gold can do in all of our portfolios as insurance,” he said. “I think it was the ultimate reminder to investors about the role gold plays as insurance, alternative currency, as a store of value, and wealth preservation and creation.” (show less)
The commodity space couldn’t be livelier, thinks one executive in both the gold and uranium sectors. Amir Adnani, CEO of Uranium Energy Corp., says commodity investors may be in the midst of the best opportunity in more than a decade in the resource space, especially when you look at the fundamentals of the uranium market. “We’re in a full bear market,” he told Kitco News at this year’s Freedom Fest. However, given that demand is rising and supply continues to ... (read more)
Freedom Fest 2016Freedom Fest is an annual conference where over 2000 “free-minded” attendees meet to celebrate freedom and to discuss everything from the current state of the economy to maintaining a free and healthy living. Founded and produced by famed economist Mark Skousen, Freedom Fest has been attracting record crowds for over a decade. Held in Las Vegas, Nevada, the conference attracts the “best and the brightest” to talk, strategize, socialize, and celebrate liberty. Freedom Fest is open to all and is purely egalitarian, where speakers, attendees, and exhibitors are treated as equals. This year’s conference keynote speakers include heavyweight champ George Foreman, Senator Rand Paul, Judge Andrew Napolitano, boxing promoter Don King, media mogul Steve Forbes, and more. Tune in to our coverage from July 13-16 live from Las Vegas.
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