Goldtent TA Paradise

And this (so damn much money made in uranium!)

1. Buck says:

   January 13, 2024 - 12:24 pm at 12:24 pm

   Yes, uranium is currently most asymmetric trade. On one side, all main producers are reporting that will not be able to produce as much as they planned to) latest Kazatomprom) on another hand, you have news and news about changed planes and building new nuclear reactors. Latest from London few days ago. Or extending life of current nuclear reactors.

   So, you have current two trends, one is, less supply in the future another is more demand in the future. While there is already supply shortage. Something has to give up and it is price of uranium of course.

   This being said, uranium price went parabolic last couple of weeks and we should be close to some sort of pull back. Uranium is very volatile and when it pulls back, it pull back strongly. 50-70% pull backs are common.

   Of course, you can’t know when pull back will happen. But you don’t need to. Potential investor just need to wait until one happen and then when is all red, can join.

   I was buying Global atomic in the spring 2023 (so did Dennison) where was clear support bellow 2$ (bellow 1$ for DNN) https://stockcharts.com/h-sc/ui?s=GLATF&p=W&b=4&g=0&id=p71323609740 In summer there was a military coup in Niger. Ouch!, My position was more than cut in half. I added around 1$. But few other things. I can’t recall but I think I posted here?

   My best performing uranium stock is Forsys. I got it luckily at 25 cents on USA pink side: https://stockcharts.com/h-sc/ui?s=FOSYF&p=W&b=4&g=0&id=p69730038315 It is now a little over 3x. My worst performer is Goviex. Also affected by internal politics just like Global Atomic. My positions are mostly in incoming producers.

   I have no clue where prices are going, for how long etc. All I know is, it will be wild volatile and crazy movements in bot direction. My plan with Forsys (and others) is to lighten up on the way up but not too much. I will be reducing my position at:

   4x, 6x, 8x and 10x. The rest I will just hold until it will be clear uranium is topping with maximum euphoria, when there will be 600-700 uranium companies available and so on. Some of the proceeds should go into Lithium this and next year. And some other industry metals. Well still debating about this. Whatever will be to depressed at that time.

   If we get some deep over 50% pull backs I will try to buy so stuff back.

   I while back I mentioned few times, it is worth keeping an eye on Kuppy. Here in this video, he (Harris Kupperman) and Mike Altkin discuss how clueless are all the uranium utilities over what will happen in following years. Price of Uranium was then around 60$. They said, all uranium conference participants are aware that there is a supply demand mismatch, but they fail to see this as a problem!?! “well maybe uranium prices will go up t 70 in next few years – who cares” <- their typical response. Watch video here:

   https://pracap.com/kuppy-and-mike-alkin-uranium-interview-at-the-2023-world-nuclear-association-symposium/

   Mike Alkin is the reason I'm in uranium sector. He calculated all the utilities uraniumj demand and all the producers supply. And math is clear, there is mismatch. It took longer to get going though. But now it is finally moving.

   I was too early as always. I was in Boss few years ago bellow 1$. But didn't stick with it. I made lots of mistakes. I wish I would still hold my original boss position. And few others. All my trading and being cute just made it worse. But I got lucky with some purchases in 2023 and I plan to ride this one better this time.

   P.s.

   About the top.

   The biggest gains will be in explorers at the top of mania. Many will have 0 uranium. I may pour some of gains proceeds at some correction into some of them at later phase. I have a feeling, at the top, everything will fly crazy high as long as there will be uranium in their name. Worthless otherwise. Watch for some companies that are trying to find other stuff, such as industry metals, graphite etc, to start renaming into uranium companies. Or weed companies becoming uranium miners. We will be then close to top. It will be obvious. But we are long way from that. Enjoy the ride in the mean time.

   (I still hold mu off shore oil companies. Not doing too god at the moment) 🙂

   • silverboom says:

     January 13, 2024 - 1:15 pm at 1:15 pm

     Thanks, Buck – much appreciate the lengthy post. Awaiting the inevitable decline to climb back on board.

2. Buck says:

   January 13, 2024 - 12:31 pm at 12:31 pm

   Forgot to add the link, where you can see current uranium price, 104$ now (clearly in parabola)

   https://numerco.com/NSet/aCNSet.html

   Few months ago, when was that interview, I posted link above, was around 60$