Loading ...Uraniums
Ok…We had a rocket move last week in U Stocks and it was a woohoo moment for anyone holding them…especially those who were chasing last year when they took off.
Does that mean we should all jump aboard the Good Ship U. ?
You better know your risk tolerance if you do / did ?
Most are down hard today.
These things can break U…emotionally and Financially.
Know thyself.
Like Plunger says Silver Stocks are the most volatile on the planet but Uraniums are the most volatile in the Universe.
URA was due for a pullback.
But the energy sector selloff probably added to these declines.
How much that figured in is the question.
Because, as I’ve been posting (on Eagle’s threads mostly), I think the whole energy sector is nearing a significant rebound high. The end of the bounce from the summer waterfall lows.
This bounce could easily drag out a few more weeks into the end of the year. I saw it as early Dec previously, it may rally through Dec as I look at it today.