Bob Moriarty told me that I don't need to know anything about uranium, to make money from it, 100% of the time. The only thing that I need to figure out is how to read and understand sentiment, Bob told me.
"Sentiment determines the price of everything", he said, "Figure out how to read it, and you will always make money from it".
One of the indicators that Bob suggests using, to gauge the sentiment for uranium, is Google Trends. Once you get on to Google Trends, try searching for "uranium stocks" or "investing in uranium" or "how to buy uranium".
When you see extremes in the charts that Google Trends provides, that's when you know it's time to move, according to Bob. When the chart is too depressed, it will likely move and it will move soon, he says. When the chart has exploded to the upside, it's likely time to sell, regardless of the underlying economics, because sentiment matters the most, Bob told me.
Bob Moriarty also told me about a uranium stock that he recently wrote about. West Wits Mining Limited (ASX: WWI). He thinks this small-cap uranium stock has a lot of potential, because they are looking to release a feasibility study on their gold project in South Africa, which allegedly contains economically-mineable uranium, according to Bob's own research.
This is not the full interview, though. During the full interview, I spent the most time figuring out who Bob Moriarty really is. Ever wondered who Bob Moriarty really is? Well, I did. So, the first hour of this conversation goes deeper on Bob Moriarty himself. His time in the Vietnam war, as the youngest fighter pilot in that war, him flying under the Eiffel Tower, winning flying races, and starting a multi-million dollar blog in 2001.
The second part of this conversation discusses how Bob has managed to keep on making money in this sector through the decades, by gauging and being a contrarian to the sentiment.
The third part of this conversation discusses the current state of the uranium market and how to know when to sell uranium stocks. Bob thinks that uranium has a lot of room to grow, but should be monitored closely. He suggests way of gauging sentiment for uranium and even talks about an under-the-radar uranium stock.
