For Uranium Players/Watchers
#1
Posted 20 August 2007 - 09:07 AM
I've been nibbling on U.to and SXR.to (now UUU.to) the past couple of days. UUU is an emerging bluechip that will be on par with CCJ by 2012. I'm watching weekly charts for a double bottom. over the coming few months. Uranium is a tough call here as the price is bringing along new production. However, the supply/demand picture is still way out of wack over the LT from what I can tell. It will take lots of new production over the coming years to adjust it.
I'm cautious but looking at weekly charts and buying the 'prettiest' ones when a nice entry comes along. Right now it's just U.to and UUU.to.
Bloomberg News Link
#2
Posted 20 August 2007 - 09:25 AM
Uranium dropped to near $70. I've linked the bloomberg article below. There are several factors for the drop but the gov't sale is the biggest one and it is behind us now. I'm trying to get the NAV of U.to but I believe it's selling below NAV now.
I've been nibbling on U.to and SXR.to (now UUU.to) the past couple of days. UUU is an emerging bluechip that will be on par with CCJ by 2012. I'm watching weekly charts for a double bottom. over the coming few months. Uranium is a tough call here as the price is bringing along new production. However, the supply/demand picture is still way out of wack over the LT from what I can tell. It will take lots of new production over the coming years to adjust it.
I'm cautious but looking at weekly charts and buying the 'prettiest' ones when a nice entry comes along. Right now it's just U.to and UUU.to.
Bloomberg News Link
I read somewhere that a majority of Uranium production has been bought by funds, not utilities. Uranium is the biggest bubble in metals.
#3
Posted 20 August 2007 - 09:36 AM
#4
Posted 20 August 2007 - 11:42 AM