There is no wayto really understand what is going on in Uranium.
What I see and smell reminds me of a big hoax.
Why? Well yesterday FCU shares drop 8.5% on large volume. Quakes suggests that GLOBAL X ETF was rebalancing its holdings.
If there is a bull market happening or going to happen, why would GLOBAL be dumping FCU shares, shortly after fairly decent drilling results were announced? It does NOT make sense.
DML was down on volume too. Cameco as well.
These kinds of events have been happening for quite some time now. You have seen them often. A lot of excuses come out to try to explain what is going on. None are very convincing.
Uranium stinks. It feels like a game. A game full of deception and exaggeration and manure.
Can you smell it too?