2021 is almost 1/3 over
and the fiction about a bull market in Uranium keeps flowing. Quakes and his gang continue to pump the "shortage in uranium" thesis day after day. He even retweets past tweets to keep his spirits up in the face of a steady denial from the stock market.
The stock market continues to refute the uranium shortage argument. Cameco shares had a brutal week.
And the spot price slowly fades and drags everything with it. The futures market shows no spark at all.
For a good 6 years now, uranium has been pumped. Each day proves the pumpers wrong.
There has to be a lot MORE uranium out there than anyone knows. Cheap uranium. Enough to keep utilities happy for several years yet.
Investors get to enjoy frustration in the longest waiting game in this century.