Loading ...Uranium what? Yep, crickets is all I hear
Enough complaining about uranium … there is speculation already that it could rise quickly to $40/lb. I would consider holding some good plays outside the U.S. and scraping up the ones that just fell hard in the U.S. … uranium is entering a bull market that will surprise many.
Ya, sure looks like it: http://schrts.co/vYVgxeNt
Volatile sector … this is based off a court ruling that garnered CCJ millions of dollars … sell the news event after a huge up day last Friday. Remember, U308 is for adults only.
I am an adult Afasilver…and so is Tbone.
and I think Uranium is NOT…. on any level ….in a bull market
It is a hope and hype trade
When the charts say it is a bull I will be happy to attend the party
No need to sit and lose 35% a day in UUUU and then another big hit in CCJ.
To each his own but I will wait until we have a breakout in U.
So far we have breakdowns
At this point there is nothing that looks good from a chart perspective
Disagree … the U308 charts looks fantastic … URPTF doesn’t look that bad either, but doesn’t track the spot price that well. U308 has broken out over two long run downtrend lines on the log chart and has been in a uptrend since 2016. Per chartology, it’s doing everything we would expect if it is in a bull market. This must be Phase I stealth mode because nobody believes it, but the fundamental backdrop to drive prices much higher isn’t going away, unless we want lights out like New York had this past weekend.
lets see this U308 chart please
It’s radioactive.
Uranium does not trade on the open market
Here is the only chart I can find and it doesn’t inspire me
https://www.cameco.com/invest/markets/uranium-price
Go to barchart.com and type in uranium … you can look at July, August, etc. forward looking contract months. adjust settings for a log chart. I am convinced U308 broke out over to long-term resistance lines, either using monthly or quarterly charts. It has been in an uptrend which continues to be tested since 2016. If U308 breaks out over $30/lb, then higher prices are surely in the cards.