Fission Uranium Corp T.FCU

SPROTT and spot and $

[Dreaminthedream]

Today, SPROTT used $8 million dollars to buy 400,000 pounds of uranium. Spot up 50 cents to $33.00
If you extrapolate this result out, SPROTT will need $112 million to move the spot price to $40 from here..
To move the spot price to $50, SPROTT will need $192.

Is this possible? That is a lot of money and it sure brings into question all those who claim there is a shortage of Uranium. It is obvious that people have under estimated the supply of Uranium that is available.

And this trick by SPROTT also brings a question. How can it be legal for a single entity to manipulate the Uranium market by trying to squeeze the system? SPROTT is trying to create an artificial imbalance in this commodity.

[thenorthvanman]

Sprott has accumulated 900k lbs of U in one week and moved the spot price more than 10% single handedly.   Furthermore,  they have yet to list in the US. If the price action of the spot market struck u as bearish u are a moron.

[Dreaminthedream]

I would rather be a moron with my money intact than a believer in a fake spot market. The current price action is not due to real world activity. It is artificial. Utiliies are not involved. Ask yourself how this kind of manipulation is going to be maintained over the long term.

[thenorthvanman]

This is the exact scenario that played out in the last U run.  Utilites weren't sufficiently covered and hedge funds started buying U forcing their hand.

[Greenday]

@ Dreaminthedream - The artificail imbalance you mentioned is in your head.  Sprott is free to speculate in the uranium market just like the carry traders who have an incentive to "ask" down the price of spot uranium to generate margin on a flip.  The price of spot uranium isn't going to trade for less than the cost of production forever. If utilites don't want to