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YCA is looking very attractive at these prices.
Another brilliant video from Dustin Garrow, he has such a depth of knowledge of the uranium market and contracting.
Thanks Jay053, and another relevant Crux interview just in :
https://www.youtube.com/watch?v=fzQ2qsL1SMo
Numerco 8400/8650
Https://www.youtube.com/watch?v=x0cw_idpG10&ab_channel=CruxInvestor
Numerco 8200/8500
Ask creeping up.
"Numerco 8200/8475 (previously 8200/8400)"
Yes a tiny upturn but also Cameco up 1.5%, one swallow doesn't make a summer but perhaps, just perhaps the start of a turn around. This does feel like a pump and dump, no matter what there is a structural problem with not enough Uranium and although the spot price is a very small amount of the market if it stays down the shortage will only get worse leading to a bigger rebound upwards.
Numerco 8200/8475 (previously 8200/8400)
Tradingeconomics.com/forecast/commodity
Uranium as a commodity set to rise this year. YCA sp moving forwards depends not only on commodity price but also on how they set themselves to manage the business. The recent drop seems unjustified in the light of long term demand for Uranium so I can't help but conclude MMs are at play. I'm looking at ETFs now such as URA. www.globalxetfs.com/funds/ura/ This will give me broader exposure to the commodity. URA has over 20% in CCO and only 3.65% in YCA. This tells me all I need to know. If any of you are tempted to use these futures ETFs beware the 'contango' effect which can erode your capital when contracts roll. The opposite is 'backwardation'. Best of Luck to those invested here but for now I'm looking at exposure to the commodity a different way. TT
SGD27
Thank you for sharing. Both re YCA and EDV. I have great respect for Mr Rule.
DH
Rogue_Rader - Interesting.....
also found https://talkmarkets.com/content/commodities/thoughts-on-hedging-uranium-exposure?post=433113
Analysis of Uranium price and YCA.L : https://www.youtube.com/watch?v=tJY-FlGd9NI
I'm out at nearly 50% profit which is good enough for me. I'll come back when MMs stop pi**ing about with the price. Uranium is becoming the new Silver as far as manipulation is concerned. TT
Numerco 8700/9000
Rick Rule's latest thoughts in 90 mins, possibly worth a listen:
https://www.youtube.com/watch?v=Rahb9fVpuZo
Mike Alkin claims the spot market is a joke, just a handful of traders buying and selling a couple of hundred thousand lbs of Uranium amongst themselves for a few dollars profit per pound and all that matters is term pricing but I guess most eyes are usually on the spot price and it drives sentiment.
Numerco 8900/9100
No 'end of month' explanation now :-(
You are quite right ands i think there is plenty of it around. I go back to whne i first invested 4 years ago. The current $75 /lb woudl have been about the target back then so even on the original thesis i can't say it has overshot. In those 4 years a lot has changed for nuclear on the deamnd side while the supply side has not moved much. On that basis a target of somethnig north of $100 as a sustainable price seems realsitic. Will we get some big squeeze in next 2 years who knows, but seems the risks are all on that side. So I'm struggling to see as in bubble territory. Also it hasn't made it onto the main stream news and all my friends arent telling me about it. Those are also signs.
>We al lknow this stuff,
I'm always keen to make sure I am seeing both sides of the story - and am worried I'm in bubble where I am only exposed to the reasons that the price should continue rising.
Who is arguing the "other side" - e.g. saying miners are ramping up supply, or that there's plenty of secondary supply after all, and that prices will stay at this level and fall?
We al lknow this stuff, but more broadening of the story https://www.youtube.com/watch?v=3xANjHoIrZI
Numerco 9100/9400
Useful insight from Quakes
While a February #Uranium 'month-end smash'💥🔨 pulled Spot #U3O8 down🪂 TradeTech reports that 6.5M lbs were traded in February🛒 at a weighted average of $97.10/lb⬆️ which was +$8.40 higher than the 6.8M lbs traded in January at an average of $88.70/lb.Trend is Up!
HTtps://fnarena.com/index.php/2024/03/05/uranium-week-spot-price-eases-further/#:~:text=Industry%20consultant%20TradeTech's%20weekly%20price,above%20the%202023%20average%20price.
After a very volatile February for uranium spot prices, triggered by the price rise to over US$100/lb, the month ended with further easing from that mark. Industry consultant TradeTech’s weekly price indicator fell -US$1.50 to US$93.50/lb.
That’s down from US$100.50/lb at end-January, but the indicator is nevertheless up 87% year on year and 55% above the 2023 average price.
TradeTech notes much of the selling has come from financial entities, that first kicked off the uranium rally a few years ago, trimming positions and booking what would be considerable profits at prices over US$100/lb.
Numerco 9250/9450 :-(
Https://twitter.com/quakes99/status/1764433815274234139?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
Breaking News!💥📰 US Enriched #Uranium #Nuclear Fuel Makers Get $2.7 Billion Boost in Funding Bill Unveiled Today💰📜⚛️⛏️🇺🇸 part of a broader Biden admin plan to buy Uranium direct from US producers🛒 as Senate may join the house in passing legislation to bar imports from Russia.🇷🇺🚢⛔️🇺🇸 Congress seeks to pass the underlying funding bill this week to prevent a partial government shutdown.🧑⚖️🤠🐂
https://bnnbloomberg.ca/us-reactor-fuel-makers-get-2-7-billion-boost-in-funding-bill-1.2042075