A jokeIt is absolutely amazing how many people have been sucked in to the BULL MARKET IN URANIUM cult.
Quakes and his thousands of disciples along with Fulp, Chang and Talbot have done an amazing job of sucking people in using fancy deficit numbers and optimistic demand figures.
Uranium is a weird market. No one knows what inventories are out there and no one realizes how much cheap uranium is being produced or can be produced. There are low cost producers that can survive even in lousy markets like this.
The market is telling you all you need to know. SPOT PRICE is going nowhere. And supposedly some majors are buying on the spot to meet their contract obligations. Have you noticed the effect of that???
The futures market is sick out to 2025. Four years away.
And Cameco shares are as sick as you can get. If the market predicts 6 months to a year out, then the Cameco share price is telling that 2021 is no differnent than 2020 or 2019.
It is tough to accept what is happening. So much hype and hope has been created by the cult leaders.
But the truth lies with the market's performance. . NO URANIUM BULL MARKET is imminent.