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Uranium Trading 3 replies

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Uranium

These pullbacks are the time to get excited about trading into Uranium not when you are haveing to chase price or go FOMO.
Taking note of this statement;

#The CCO of Kazatomprom (the worlds largest producer of uranium Askar Batyrbayev just stated "If we see mid-priced material, that could give us some arbitrage opportunity then we definitely will buy uranium
Quoting squawk
These pullbacks are the time to get excited about trading into Uranium not when you are haveing to chase price or go FOMO.
Yeah buddy, added some URNM
Larry McDdonalds - Bear Trap Report
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Lets see
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Good recap of current market: https://www.energyexch.com/news/1112...rs-hedge-funds

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a deficit of supply relative to demand and a “very supportive” climate change agenda mean that “the current uranium cycle is better than the last on every fundamental metric”.

Couldn't agree more!
Should be expecting a good move for Uranium stocks on the ASX today after overnight action on the TSX Uranium.

You only need to take a look at the volume that went into this session to know we may have seen the breakout of this pullback.
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Quoting yieldjunkie
Good recap of current market: https://www.energyexch.com/news/1112...rs-hedge-funds {quote} Couldn't agree more!
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BAMMM! URNM and URA volume.
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  • Post #111
  • Quote
  • Edited at 3:16am Oct 13, 2021 12:40am | Edited at 3:16am
ETF Buying equities in the portfolio all around. Days like today I just like to say thankyou......
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What happened in France today - Macron doubling down in Nuclear with 1 billion to be spent on new small reactors.

Come in Rolls Royce ----!!!!!

https://fortune.com/2021/10/12/nucle...lion-moonshot/

Macron said France would invest €1 billion in creating new-generation mini modular reactors, known as SMRs, which are cheaper to build than conventional nuclear plants and regarded as safer than the 58 reactors France already has in place.
OTC Rolls Royce Holdings. This is one to keep watching. If they get a nice deal from the Frenchies after receiving one from Borris would expect some nic take-off and follow-through.
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It's a shame that there is such a low volume of interest here in Uranium with one of the best setups for some time. I guess FF lacks serious equity traders in general.
Quoting squawk
It's a shame that there is such a low volume of interest here in Uranium with one of the best setups for some time. I guess FF lacks serious equity traders in general.
When we're at $80/lb they'll come piling in!

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Quoting BTCmailman
{quote} When we're at $80/lb they'll come piling in! {image}{image}
Yeah I know = That's the shame about it.
Quoting BTCmailman
{quote} When we're at $80/lb they'll come piling in! {image}{image}
$7.50 jump in spot!!!!!
Nice piece by Livewire on Uranium.

https://www.livewiremarkets.com/wire...-talking-about
Some profit-taking today. Although I did take some profit and add back in on the last pullback eventually there will be a nonstop (3 wave volume run) with volatility that will make it almost impossible to get back in without a much greater risk gap and chasing price.

My suggestion is just to sit and stay the course unless you do not have any positions yet. In which case I would recommend trenching positions in through one of the pullback sections.
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Quoting squawk
Nice piece by Livewire on Uranium. https://www.livewiremarkets.com/wire...-talking-about
Yup this was a good read. It's really wild the effect Fukushima had on the industry when there was only 1 confirmed death! Nuclear gets such a bad rap but with the energy crisis unfolding now maybe people will finally open their eyes and trust the science!
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