Uranium is in an uptrend. Uranium miners should do very well
Uranium futures are now tightening at the 21 MONTHLY moving average, above the 50 month moving average, and retesting the lows of 2014 and the highs of 2019. This is the type of signal I've been waiting for to pull the trigger.
Here's an example of a small cap uranium miner I like:
John Quakes is a great guy to follow on Twitter if you want to learn more about the industry and other mining companies.
Just be aware this is an extremely risky sector that's underperformed the broader market for a decade. We're only seeing relative strength this year. As always in markets, things change fast... but I think the tide is turning in this one.
All the best
Here's an example of a small cap uranium miner I like:
John Quakes is a great guy to follow on Twitter if you want to learn more about the industry and other mining companies.
Just be aware this is an extremely risky sector that's underperformed the broader market for a decade. We're only seeing relative strength this year. As always in markets, things change fast... but I think the tide is turning in this one.
All the best
Comment:
Uranium prices are breaking out on a monthly/potential quarterly bull flag over 2015 highs. Makes a lot of sense as oil prices are >$100+ and now the White House is assessing sanctions on Russian nuclear power supplier Rosatom.