Lots of talk around #uraniumsqueeze going on in WSB and fintwits. I did get a position in $UUUU myself last week since the price action peeks my interest.
Did a little bit digging, and this run is said to start from Sprott, a fund that started buying physical uranium thus jacking price up. I've been looking at history of commodity prices like $GOLD $SILVER etc....
In the early 2000s, the flooding of the McArthur River and Cigar Lake mines were immediate black swan catalysts that further accelerated the existing bull market into a mania moving uranium spot prices to a peak of $150/lb in 2007. The flight to commodities as an inflation hedge following the Great Recession served as an additional catalyst underpinning the...
just some coloring.. could we sell our charts as arts? okay, kidding.
i like CCJ..check out the 9/17 calls 28 strike and the 10/15/21 28's (really anything between $20 and 32ish)
Price prediction. IMO. is bullish. Do i think this exact thing will happen? ..not at all.
i just wanted to draw but its making stops and hitting locations just like before. trade safe...
PEN has been in a big prolonged downtrend for over 10 years, looks to be forming a bottom here and possibly starting new market structure as shown in the next chart. You can clearly see a huge increase in volume building and has now closed above the 20MA on the monthly chart. Uranium etf has had some big gains over the last few months helping to lift PEN.
making a bet on the uranium craze. Looked into the fundamentals a bit, looks like consensus is a bull market. Playing $UUUU since it has the most short float.
$CCJ the most volume out of them all looks to be the strongest so far.
Idea for Bannerman Resources:
- A quick technical idea for BMN.
- We are very bullish on uranium.
- See related post on MGA for further fundamental analysis.
- Technically a clear bull flag.
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that...
WIth all the hype about green energy, the only sustainable and reliable form of clean energy is nuclear (maybe hydro but thats another story). Nuclear Power plants have not been meddled with for about 40 years. Many of those which are being decommissioned (???). Solar and wind produce more toxic waste to the environment when compared to nuclear. Which nuclear...
I have been waiting for a clear signal from the uranium industry for a while now, and it's hard to ask for a better set-up than what we are seeing on Nexgen. First we have a capitulation zone (red square) and then a bar close inside the range. Then we have a break out to the upside from the channel, followed by a successful retracement and new highs. Holding this...