GREY:UEXCF - Post by User
Post by
PVanDenKeereon Sep 09, 2021 9:55am
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Post# 33830608
Sprott Uranium impact
Sprott Uranium impact I see a lot of parallel with Gold ETF.
The Uranium ETF will become an important source of Demand... (in fact it did in few weeks only)
But when the mood will go down... this same ETF will become an Offer and the market will be flooded by Uranium.
That is a long term issue... Uranium is way less liquid than gold and get consumed, the swing will be bigger
I expect to see a balistic raise in the next years... but I fear the downfall will be epic as well if miner react to financial World rather than Reactor demands
So I understand miners to wait real demand before starting mining more as they will compete with this ETF to sell their Uranium at some point in the cycle.
Hopefully we get real demand picking up.