Post by
Dreaminthedream on Jan 29, 2021 5:33pm
The market is telling you
For 6 years now the market has proven the uranium bulls to be wrong. The first month of 2021 continues that determination with a vengeance.
FCU had a dismal week. So did Cameco. And the Spot Price showed slippage.
The pain for uranium hopefuls continues and there are no signs that things will change for many months.
Now you can always look to Quakes for excuses and hope but the fact is this. He has been wrong for 6 years and his record will not improve this year. He is one huge dreamer who has sucked in thousands of followers with convincing numbers, graphs and predictions. All those disciples have become so enthralled, they believe their own hype and fail to see what the market is telling them.
There is no uranium shortage. Utilities have lots on hand. The secondary market has been successfully meeting all other requirements. You can argue that the spot price and futures market are wrong.......but the fact is, they reflect the truth.....not wishful thinking.
Global X decided to downsize its FCU holdings and managed to have dreadful timing. Hence FCU really got smacked this week.
Uranium believers continue to live on hope. Too bad the market doesn't operate that way.
Comment by
Porto54 on Jan 29, 2021 6:12pm
Oh dreamer you little dweeb. Why on earth are you here? All uranium investors have heard your rants. Like many posters have said, you are just a useless nexgen paid basher.
Comment by
Dreaminthedream on Jan 29, 2021 8:12pm
Porto54. You have just proved my point. You have no argument to make against my post,,,,,so you attack me instead. Your words sound like someone who has bought the sales pitch by the pumpers and has ignored what the market is showing.
Comment by
GovernanceQP on Jan 31, 2021 11:44am
Remember the tweet that an FCU person tweeted which said something like "follow the money" well where is the much needed money from someone like a CGN Mining now? The party is over at FCU by the looks of it.