from Kitco NEWS
lass=”” >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.”
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: http://www.kitco.com/newsletter
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews