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re: Uranium>Silver
Posted on 10/7/21 at 5:06 am to molsusports
Posted on 10/7/21 at 5:06 am to molsusports
I agree with everything said above. We're in the best season for the uranium space. I don't expect for it to move sideways for very long. I think sprott came out a little too fast in September. Now alot of traders who need cash are selling and pushing it down. Some producers probably sold in the spot market for cash too with the price up.
Just a hunch, but there might be a few hedge funds who don't know shite about the uranium space buying at peaks and now getting hit with losses. They could deploy more cash soon.
The thesis has only gotten better. We've got 1-2 years of this. The uranium space is really boring until it's not.
Just a hunch, but there might be a few hedge funds who don't know shite about the uranium space buying at peaks and now getting hit with losses. They could deploy more cash soon.
The thesis has only gotten better. We've got 1-2 years of this. The uranium space is really boring until it's not.
1
Posted on 10/7/21 at 7:28 am to Jmart0527
To add on, it's pretty much the consensus in the uranium investing community that this is an insanely volatile investment that takes patience and confidence in how this will play out. I highly suggest the 10-15 minute videos that the Uranium Insider produces on Youtube (molsusports posted about these originally. There are 15 episodes now.)
Sprott buying 10,000,000 lbs moved the spot price up by about 60%... For reference uranium demand is ~185,000,000 lbs annually. To think that Sprott purchasing this much uranium can move the price by this much should show just how weak the supply really is. Trying not to give myself too many confirmation biases, but I'm having trouble poking holes in this investment.
Sprott buying 10,000,000 lbs moved the spot price up by about 60%... For reference uranium demand is ~185,000,000 lbs annually. To think that Sprott purchasing this much uranium can move the price by this much should show just how weak the supply really is. Trying not to give myself too many confirmation biases, but I'm having trouble poking holes in this investment.
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