Perhaps a rally in Uranium stocks tomorrow (friday)?Kazatomprom ( a huge supplier of uranium for the world ) is announcing their 2025 uranium production guidance tomorrow morning (friday august 23/2024).
There is a good chance that they will announce a lower production , which if true, can spark new fears of uranium shortages for the coming year and could ignite the uranium price.
If a uranium price spike happens, we could see a similar spike in uranium mining shares..
Anyway, we'll see what they say tomorrow.
There are some analysts predicting a very big rise in uranium prices starting very soon...Could be an exciting autumn for uranium investors..
One analyst said a few days ago that the sentiment reading for the uranium sector was a very low 8 out of 100, which means excessive bearishness in the shares. This is the time to buy! When sentiment is at 95 or something like that, that is the time to sell.
Buy low, sell high is the time honoured way to invest..Hopefully we see a huge reversal in the uranium miners soon...