Frustration
Those of you who are convinced that we are in the beginning of a rip roaring uranium bull market are likely getting a bit ansy right now. The market doesn't seem to be showing any inclination to get bullish on Uranium.
In fact, CAMECO trades like it is sick. It is very volatile. Its daily action is quite amazing. It might show a bit of strength to start the day and then boom, it goes on a wicked slide.
Cameco is the bellwhether stock in uranium and it is not suggesting that a bull market is near. It trades like a stock that looks like it is afraid.
The market is indicating that there is no shortage of uranium. US utilities have not been seen anywhere. So they are comfy with their inventories and with their access to uranium. The spot price is absolutly boring. It is stuck. The futures market out to 2025 is quite flat.
Nope. No bull market. 2021 will pass by and be just like previous years. No excitement.