RE:Uranium bull market is BULLA decade ago Rick Rule told us cheap LNG is holding this sector back seen the price of Nat Gas lately? LOL, thanks Rick you saved me a decade plus of no returns in this sector.
Dreaminthedream wrote: We are almost 2.5 months into 2023. This is supposed to be the year of U. So was last year and the 3 years before that. We appear to be no closer to a genuine bull market than we are to having a cure for cancer.
No catalyst has made a solid impact on the spot price. Long term contracting has no effect. Seasonality is a joke. SPUT is an even bigger laugh. Fundamentals have not moved the needle. Countless experts have been wrong time after time. Even a ban on Russian U makes no ripple.
The market has made QUAKES, QUICK, ANDY FROM TWTTIER, and JUSTIN HUHN from Twitter look foolish. Very foolish. They might know a lot but it doesn't matter because U is a special cat. It defies logic and regular commodity patterns. Uranium is able to confound all those who think they understand it and know what is happening.
Those who suggest that investors buy and hold U stocks should be pelted with balls of their own excrement. Holding just allows you to watch your money disappear.
Uranium is far too volatile to buy and hold. You are far better off to take profits and buy back in later. There is always a buying opportunity later. Uranium is that kind of commodity. It is violently VOLATILE.
The pumpers suggest that you buy and hold and ride out the downturns because higher lows and higher highs are the way of a bull market. That might work in a real bull market but U is not in a real bull market. It is in a fantasy bull market.
Look at the charts.