UEX Corp T.UEX

RE:RE:John Quakes on Uranium

[mangoe]

reiter15 wrote:
I profited from seasonality  over the last 4 years  and it worked beautifully.  no regrets.

Based on my memory the last ten years the entire uranium sector was flat bear market, you could not make any serious money, unless you are a hardcore penny flipper or day trader, something as bad as COVID 19 was good for the uranium sector.

It help shut down uranium mines all over the world which help remove a lot of uranium from the market, , follow up by the Uranium Trust and lift the uranium spot price from below $30.00 per to over $50.00 per lb before the uranium spot price correction that is taking place right now. (uranium spot price has not risen to these levels for many years) While the price of oil rise and fall 100 times, uranium got stuck in the gutter.

The sector is just starting move where one can start to make some money, as you see some of ther Johnny come lately are getting overly excited trading in and out of stocks other than that the overall sector has been dead for the past ten years.