Post by
ckwong on Mar 07, 2022 8:37am
short term trend (one year) for uranium stocks
The spot price is back to U$50. If this is very short term, the future price for April, May, ... will be backwardation. But they are contango up to U$58.95 for Feb 2027 delivery. Will uranium stocks fall along with the market? The most recent market activities indicate some detachment to some extend. There were days that market falls but uranium stocks went crazy (Feb 28, Mar 1). On the other hand, like last Friday, the spot was up to U$50 but the uranium stocks fell along with the market.
But I think in short term, uranium stocks will perform better than the market for 2022 due to future's energy inscurity.