GREY:UEXCF - Post by User
Comment by
mangoeon Nov 02, 2021 9:05pm
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Post# 34080174
RE:SPOT $
RE:SPOT $Troyahorse wrote: On a slide.
Seasonality :-)
That is exactly where you want the spot price, right below the future contract price for uranium, I remember an article that John Quakes posted where it listed several reason when to sell uranium stocks, & one reason was when the uranium spot price get so far ahead of the contract price, like when we just went to $50.00 per lb a few days & weeks ago, & contract price was still stuck at $30+ per lb.
That price ratio did not last, massive correction on the downside of uranium stocks including the uranium spot price & a new higher uranium contract price was announced at $40+ per lb, we need new higher contract price at $50 or $50+ per lb, the current uranium spot is right under the long term contract price which is very bullish for uranium stocks.