The CSE Composite is the world's most oversold stock market index after declining for 15 of the last 16 months. The CSE Composite finished last week at 258.29, which is down by 75.132% from its February 2021 high of 1,038.66. The CSE Composite is the only stock market index in the world that is currently down by more than 75% from its 2021 high. Currently, the CSE Composite's 14-day relative strength index is an extremely oversold 17.96, which is the lowest RSI of any stock market index in the world!
Although tomorrow is the 4th of July in the U.S., the CSE market will be open for trading.
NIA's #1 favorite CSE-listed stock is Traction Uranium (CSE: TRAC). We will publish an in-depth report about TRAC on Monday evening!
TRAC announced on Wednesday that they intersected anomalous radiation in 7 out of 10 of its Diamond Drill Holes at the Lazy Edward Bay property located in the Athabasca Basin of Saskatchewan, a region that is home to 10 of the world's 15 highest grade uranium deposits. 15.5% of the world's uranium comes from the Athabasca Basin.
Elevated levels of radiation are a possible indicator of Uranium Mineralization, which will be confirmed when the geochemical results are received!
Uranium has an all-time high of $148 per lb similar to how WTI crude oil has an all-time high of $148 per barrel, but while WTI crude oil is back up to $108.48 per barrel, uranium is trading at an extremely undervalued $51.25 per lb!
A return to the long-term average uranium/gold ratio will value uranium at $85 per lb!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from Traction Uranium of US$100,000 cash for a one-year marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.