Global markets recovered sharply last week, shaking off bad news about Ireland and the euro-zone to end the week up substantially higher. We notched a profit of 10.39% on Nov. 30 when we stopped out of Market Vectors Indonesia ETF (IDX). Your speculative bet on the Bank of Ireland (IRE) soared more than 30%. You saw big gains in last week’s Uranium Energy Corporation (UEC), booking 111% gains in your options in just three days. Sina Corp. (SINA), “China’s Twitter,” also continues to soar, with your remaining options now up 243%. Silvercorp Metals (SVM) soared more than 15% as well.
I knew that Uranium Energy Corporation (UEC) was going to be a big winner when I recommended it on Monday — (yes, just three days ago!) But even I’m surprised how quickly…
Global markets continued their pullback this past week, with jitters about Europe’s debt problems and Korean tensions dominating headlines. As a result, you were stopped out of the iShares MSCI Turkey Invest Mkt Index (TUR) yesterday for a 12.13% gain, as this fast-growth market was unjustly lumped together with European economies that are peripheral to the continent’s so-called PIGS (Portugal, Ireland, Greece and Spain). We also stopped out of the Global X FTSE Nordic 30 ETF (GXF) for a gain of 1.01%.
Even as global markets reeled yesterday, Sina Corp (SINA) soared 5.46% on news that the number of subscribers to Weibo, its Twitter-like service, hit 50 million.
This week’s Global Bull Market Alert pick, Uranium Energy Corporation (UEC), is a Texas-based uranium production, development and exploration company. And here’s why I think you could double your money in this indirect bet on China’s exploding demand for uranium.
Mr. Market’s mood swings continued this past week, as global stock markets were hit Nov. 23 with the one-two combination of a bailout for Ireland and an attack on South Korea by an impulsive North Korea. Not surprisingly, your position in the iShares MSCI South Korea Index (EWY) pulled back sharply to trade near its stop price of $52.00.