NYSEAM:UEC - Post by User
Post by
GSTbay1060on Oct 18, 2024 9:24pm
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Post# 36272704
What’s next
What’s nextFor the Uranium sector we have seen a significant rebound that has happened very quickly.. WHY?? Not really due to the supply demand fundamentals but, because of the extra push from the new and growing demand from A.I. for constant 24/7 reliable electricity from nuclear!!! Yes the supply/demand is the major factor in the Uranium thesis but A.I. is the preverbial straw that broke the camels back.. However in the short term here is a problem.. Even with all of the positive news the issue that may cause a bit of a pullback in the sector is if spot doesn't start to move higher.. I know spot has little relevance to the trade but its the only thing retail can see in this opaque market.. If we get word that the term price is moving up that would help in reassuring retail.. I still believe in the mid to long term for Uranium and UEC.. I just advise caution of your expectations in the short term.. It was a wonderful week and it would be very bullish if next week is even slightly similar to this.. We may need a little sideways chop to build a base???
glta
dyodd