That uranium bull market keeps
moving further and further away. Painful to watch dead money day after day, month after month, year after year.
People hoping that those companies buying up physical uranium along with the entrance of SPROTT into the game will cause the market to improve are likely to be disappointed. All positive developements and catalysts to date have fizzled. None have caused the market to even flinch.
The spot market continues to show no excitement. And the futures market is super dull all the way out to 2025.
Nothing is going to happen until the American utilities get involved and according to Morgan Stanley, they are a healthy inventory.
Uranium bulls have exaggerated the worry over supply and underplayed the uranium that is available even at low spot prices.
The uranium world is treacherous. Just look at FCU share price and how it sucks to get that hopeless feeling.