Cameco Ord Shs T.CCO

REDDIT: IT HAS STARTED

[Starsearcher80]

Uranium is ABSOLUTELY being noticed on Reddit.  Imho the catalysts are all there for this herd mentality to ramp up exponentially, especially given that the herd is already now gravitating towards precious metals (currently Silver).  This puts this force well into the ballpark.

Here's just a sampling of the discussions going on.  To view, CLICK HERE

I think it's also worth taking a look at the stats on the following site:

Worth noting:

CCJ has over 11 MILLION shares shorted.
CCJ volume yesterday was up 591% over the average daily volume.

For these stats and more, CLICK HERE

[TickerTwit]

Uranium is a different market. Retail investors can't buy it. They can buy into something like U.P. (who won't buy it on their behalf) or into a miner (but all non-SOE uranium miners are losing money), but neither of these will affect uranium price. Unlike most other commodities, uranium price will only respond to real demand and Reddit cannot generate that. So CCO jumped to a silly price

[Starsearcher80]

Have to disagree with you on multiple fronts TickerTwit. While the price of Ux can't be motivated except for real demand, it is that expectation of real demand that motivates two things. First,  forward buying of the commodity itself, dries up supply, which then spurs further buying, which will continue to cycle on itslef.  Ux has been in the doldrums for years now, but with the

[TickerTwit]

Demand for uranium is purely institutional and highly strategic. Reddit matters not a bit when utilities plan fuel purchases, and their planning goes many years into the future. Forward buying has always been the case for uranium. Utilities contract years ahead for delivery. Nothing is new in this. China intends to source uranium from Africa using projects they've entered through debt