Sprott Physical Uranium Trust - $SRUFF
Chart Really Speaks for itself
A nice ascending triangle with ideal entry opportunities for the patient.
Will follow up if we trigger and ideal entry
PUKA
So FUU is the success story of the year for Uranium...and god knows the big U could use a few good wins after Fukushima utterly destroyed the entire sector. I mean...who but me held CCO for something like a decade only to get angry with it as I broke even, sell it and then look back as it's 100% higher and just kick my f'ing ass for being dumb. As Kanye has been...
POSITION TRADE
U.UN (TSE), SRUUF (OTC)
Catalysts:
The uranium market is in structural supply/demand deficit despite nuclear energy being an essential and growing form of clean energy.
Financial players and a utility contracting cycle mark near-term catalysts.
I expect both physical uranium and uranium producer baskets to aggressively outperform over the...
We like the uranium play and we are doing it through Cameco. Sell target at 1.618 Fib level.
We are not early to this play, it has been underway for quite a while. We may be approaching the top, but we want to squeak a bit more out of it.
Other plays are the Sprott Physical Uranium Trust and URNM .
Fundamentally, Sprott is cornering the physical market.
...
Update to my UUUU chart. I last posted a while back before breaking out of the wedge where I proposed repositioning if we failed to break and challenge the red trend resistance.
Since we have broken the wedge to test the RED. The RED was stiff and we will now retrace the move since April. This part of the wave structure would usually retrace shallowly, but I...
