SRUUFIn this video we look at a followup on SRUUF and pullback that is happening. Where is the level of support and how do we forecast it?
SRUUF
SRUUFIn this video, we look at Sprott Uranium, the bullish triangle and what it could mean.
Trade Safe. M~
SPROTT PHYSICAL URANIUM TRUSTPOSITION TRADE
U.UN (TSE), SRUUF (OTC)
Catalysts:
The uranium market is in structural supply/demand deficit despite nuclear energy being an essential and growing form of clean energy.
Financial players and a utility contracting cycle mark near-term catalysts.
I expect both physical uranium and uranium producer baskets to aggressively outperform over the coming 1-3+ years.
Financial players significantly escalated their role in the uranium market, in particular, the Sprott Physical Uranium Trust (OTCPK:SRUUF). This trust exists to provide investors exposure to physical uranium, but in so doing, they take and sequester physical pounds from the market. Note that Yellow Cake plc (OTCPK:YLLXF) is a similar trust for UK based investors, although it is much less active in purchasing uranium.
SOURCE : Uranium: Potential Trade Of The Decade, SEEKING ALPHA, Live Hard Investing, Feb. 10, 2022
seekingalpha.com
