Loading ...Uranium – Blood In The Streets
There are very good reasons to believe that this is THE bottom. Fundamentals appear strong in this sector, with huge upside for the miners. Anyway, just looking at the immediate future, the chartology suggests a 100% move is possible in the next 3-6 months.
This sector is infamously volatile, and not for the faint-hearted but a bit like Spocks Rocks – you have to be in it to win it.
I believe most investors are too impatient with Uranium and sold after Trump tweet or another reason. I think when next 232 section comes out in September, the market could bottom or sooner.
https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/will-us-uranium-suppliers-be-able-to-meet-a-25-domestic-quota-proposed-in-the-section-232-petition/
I’ll wait for a pulse thanks
🙂
It’s way early, but I wonder if we are seeing a shift?
My Spock/Plunger PF up again in a down day for gold.
What’s the long-term picture for uranium?
With gold, which would be the underlying metal for most of the S-rocks, there is a history of a rise in price, whether from the recent low of around the beginning of 2016, from around the beginning of the century, or even before. (I used to do things like assess the correlation of time to price for many things — don’t do it any more but I am sure you’d see a positive correlation.)
Is there a significant history of rise in the price of uranium preceding the events in your chart?
The history of the rise of the Au price is what turns your Au bowl from a cartoon art into an inspired financial tool for me. Is there however such a history for U? (((Not that I’d buy U stuff–but that’s a matter of some of my own biases.)))
….
S-rocks and the like are scary and dangerous enough even if one tends to expect, as I do, that the Au price will probably continue to rise in the intermediate future. Such a rise will probably tend to make them shoot up wondrously in the near to intermediate future (until they collapse). I expect the probability of such a rise in part because I think the longterm upwards movement of Au biases the probability towards a crazy upwards move of S-rocks for a while.
I can’t speak here for the Ux miners, as I’d have to survey the lot.
But I just took a look at u.to on my LT studies, and based on SOP, I see another test of 3.50 dead ahead. (Over the coming year)
I do want to say that I welcome “bottom fishing” calls, even if I disagree, as my attention tends to wander away after a while.
And I certainly welcome these wake up calls more so than charts with spikes that tell me what I missed out on.
One thing on Ux, is that natty just keeps getting cheaper. It will take rising rates, or a BK, or banks not refi’ing fracker loans to cut supply. Not before then will Ux stand a chance.