CCO safe buy during this correctionLook, uranium is not copper subject to some sort of worldwide building expansion or the economy in China. Uranium is not oil, over priced in the short term due to political tensions. Uranium is not gold, with alot of speculative investors just holding it for investment.
Uranium is required for power production and is consumed. Nuclear plants and demand is on the rise--even moreso now since oil has risen.
Ontario just announced new nuclear plants today.
New mines are not going to be popping up all of the world, if financial markets get tight, juniors are never going to get enough dollars or financing to end up with a mine. The senior king, CCO, will reign as king of the castle.
I would not sell CCO now, it is time to buy, perhaps just a 1/2 position at first, but time to at least dip in a bit.
O.