3 replies to this topic

[dougie]

How high might this go?

[linrom1]

Sprott is pumping uranium. I don't understand this market's dynamics( I am not sure why anyone would buy it, is it green energy?)-- but, if Sprott is involved, I would be careful anyway. CCJ had a huge parabolic run up already, but it doesn't mean it can't emulate lumber?

Edited by linrom1, 12 September 2021 - 11:35 PM.

[Psycho]

Been buying on the dips for almost 10 years, since fukushima nuclear plant event. Between government meddling, green energy embracing nuclear as an alternative to coal, global warming agreements further limiting fossil fuels around the world. I believe the new funds entering the market are going to take uranium up to previous highs during the last world economy boom. The USA helping to create unease in the middle east. Slowing oil and coal production in the USA both help increase the cost of oil and other fossil fuels. All making uranium higher. I'd like to say I'm going to hold until uranium reaches 100 but if it gets to 60 I will more than likely get an itchy finger and liquidate 75% or more of my position.

[linrom1]

No surprise here, Sprott is very good at fleecing the public. His bullish silver calls at $50 in 2011 were perfect.