GREY:UEXCF - Post by User
Comment by
mangoeon Apr 07, 2021 4:02pm
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Post# 32951135
RE:RE:John Quakes on Uranium
RE:RE:John Quakes on Uraniumrovaniemirover wrote: doesn't matter - both I suspect are false, as both would indicate a SEVERE repricing HIGHER for URANIUM PRICES. Instead, we are seeing PRIC WEAKNESS FOR URANIUM. Something doesn't make sense, or we are not aware of all the detaisl to the uranium story. Something isn't right, but Mr. Market believes that plenty of cheaply priced uranium around, as demonstrated by the purchases at $30/lb or less over the past 3 months by the funds/speculators/miners.
Just remember where the uranium spot price came from, I think $18+ per lb, to now over $30+ per lb, big ETF rebalancing program delay the starting of the uranium bull cycle, which we are in right now, very still early. The violent upside and rip your face off rally in many of these stocks have not started, although we have seen some signs in stocks like Denison that blast through $2.00 a share and came back down, Energy Fuels blast from $1.00+ a share to over $9.00+ a share, and came back down.