RE:Is Uranium's turn coming?That is an interesting perspective. Very thoughtful. I think though that while speculative investors of the type that like BitCoin and Cannabis stocks may have some temporary influence it is the big investment houses that will be the movers and shakers in this market.
One very interesting development is the number of physical Uranium funds that are starting up. I think there are now 4 in the market and I am expecting more of them. These funds just buy Uranium (in the yellowcake...U3O8.. form mostly but some UF6) with a view to selling at a higher price per lb later. I do not think these guys are in it to make a couple of dollars a pound. They see very large multiples in the coming years. It would not be worth their while otherwise.
But going back to the speculators - it may be those folks that kick start the market. I have been redaing a lot more articles about Uranium recently so I think the investment community is realising what a shambles the supply side has become at a time when huge demand is about to hit.
The big rises occur when large numbers of people and organisations try to buy a limited quantity of supply in a market that cannot easily ramp up production.
For early investors (that is now) the potential gains will be mind blowing. While I often make comparisons to the previous bull market I think the circumstances this time are different and much worse from both a supply side AND the demand than before. The combination of these two factors will cause the price of Uranium to be higher for longer and I do not think you will see the dramatic spike we saw before. More like a prolonged high price well above $100/lb
There are no new mines of any size coming on line to fill the gap. Last time Cigar Lake was getting ready to produce. There is no Cigar Lake this time around.