Hmmmm..Trump could still do nothing...or something else...This is a short term conundrum. It seems that the bottom line, common denominator, is that he's going to protect US miners and supply one way or the other. The question becomes to what extent and how. The 5% going to 25% would be the perfect storm for UUUU but if it's 5% going to 15% or if its restrictions on imports it's not so much.
I own URPTF, sold my URG for a profit and now am undecided as to how to proceed.
I considered a 1/3d position in UUUU come tomorrow and adding on Friday if Trump tips his hand then
URPTF will go up over time regardless as that magic $55 per pound contract price has to eventually be reached. I wonder how much stuff is still floating around on the spot market at $25?
I want the most bang for my buck and the US miners would surely be the big winners IF this isn't just some plan to keep them alive but not growing.
Thoughts?