RE:RE:RE:RE:RE:RE:RE:RE:Uranium Stocks Breaking Out@ Luckyeleven - Private jets have a good future I believe but it's a slow developing market.
If you want some immediate action you need to check out the uranium equities. They are absolutely marching up and there's lots of talk that a golden swan has arrived. In the after hours the spot price for uranium jumped by over 12% to $59/lb. The market is still in the early innings though as the marginal cost of production is estimated to be $75 / 85 lb.
Russia and Kazakhstan produce over 50% of the world's uranium supply and there are rumours circulating on Twitter that they are going to cut off supplies to their adversaries. If that indeed happens uranium and uranium equities could go parabolic as new supply is unable to be brought to the market to prevent a price spike.
Cameco's McArthur River is in the process of being restarted but it's at least a year away and CCO won't sell production from that mine at below the marginal cost of production. CCO isn't a charity and they'll want to be adequately compensated.
The price of uranium and uranium equities have to rise. That's all there is too it. If that doesn't happen then the lights start going out.