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Uranium

Uranium the anti-COVIDThanks for viewing. No, not as a treatment - please don't inject uranium as a treatment (if Uranium came in a bottle it would need a warning for Americans). Competition? What I mean is that Uranium has been on a run starting from when the equity markets showed weakness - and has yet to show signs of slowing. I'm not sure what the relationship is yet, as crude, coal, and natural gas are down in 2020, which would make them more competitive as energy sources. Energy Security? It could be that crude, coal, natural gas, wind turbines, and solar panels all have rather long, and as we have seen, potentially vulnerable supply chains. Maybe, it is about energy security. Uranium needs for the US aren't all mined at home so that wouldn't account for it - although adding supply from long-standing allies like Australia could probably supply the needs of North America while having security of supply. Is it about the environment? That could be part of the picture - as long as everything is well managed. There is that "catastrophic and uninsurable" hazard if things go wrong. The energy itself is clean, although the capital expenditure is considerable. Finding a long-term storage place for the waste hasn't been solved yet in the US. Hard assets? Expectations of future inflation in light of historic levels of quantitative easing and currency printing are possibly driving the search for hard assets with use-value. As I look around the markets, very little appears undervalued. Equities, bonds, treasuries, gold all appear to be, if not over-valued, then not cheap. The most popular store of value in the world, and the destination of huge amounts of funds: treasuries don't even seem to be worth a second look at the moment and any up-tick in interest would wipe out a significant portion of those positions. Expectations of an up-tick in military demand? I certainly hope not. End of the bear? Maybe it has been long enough after Fukushima that people see an undervalued commodity. There has been a significant rise in plans for new nuclear power plants. Anyone have any plausible fundamental analysis to add?
AMEX:URALong
by flyinkiwi10
Elliott Wave Analysis: Uranium Looks PromisingHello traders and investors, today we will talk about Uranium in which we see pretty nice and clean bullish development from Elliott wave perspective. Uranium made strong and impulsive rally from March 2020 lows, clearly within a five-wave cycle which suggests a bullish reversal at least in three waves A/1-B/2-C/3. After a completed five-wave cycle into wave A/1 at the end of 2021, Uranium slowed down into a wave B/2 correction, which looks like a complex w-x-y corrective decline that can be now approaching the end soon. From technical point of view, ideal support is around former wave "iv" and 61,8% Fibonacci retracement that comes around 17-15 support area. So, once current wave B/2 correction fully unfolds, we believe that Uranium will be headed higher into wave C or maybe even wave 3. All the best! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
AMEX:URALong
by ew-forecast
Ladies and Gentlemen, welcome the Bear Market!INVESTMENT CONTEXT The worst trading week since January was followed by yet another market meltdown on June 13, with Nasdaq shedding 4.68% after dropping more than 7% in the previous 5 trading days, and S&P 500 finally entering bear territory just 2 years past the last one The U.S. 10-year Treasury yield, regarded as a global benchmark for borrowing costs, hit 3.29% - its maximum since 2011, while the 2-year Treasury yield surged to 3.23% Russia claimed to have taken control of 80% of Severdonetsk, the last major Ukrainian foothold in the country's East Beijing, Shanghai and other cities were put under new COVID-induced restrictions The UK economy contracted 0.3% in April, missing analyst expectations of 0.1% growth BTC collapsed to USD 20k early on June 14, on news that Binance temporarily suspended withdrawals following Celsius pause on all redemptions due to "extreme market conditions" PROFZERO'S TAKE The great bear market of our time has finally begun, with S&P 500 plunging 20% from the 4,714 peak touched on January 11 this year. Predictably, as soon as the technical indicators were breached, droves of short positions triggered, plunging asset prices even further. No corner of the equity market was spared, and the brunt of the sell-off was borne by Growth assets in the tech-intensive Nasdaq index. ProfZero has been repeatedly preaching caution, calling the attention of investors on the combined industrial shocks that are bringing one of the longest bull markets in history to an end. The energy and commodity crisis has unearthed the risks tied to stretched supply chains and concentrated sourcing (ProfOne has also spoken extensively about it - and the looming risk of falling yet into the same trap down the energy transition), functioning basically like a fuse to the inflation time-bomb. All that came after - the equity rout, the reversal of ultra-loose monetary policies, the widening of fixed income market spreads - that is just the natural reaction of financial markets to a collapse in industrial fundamentals. What that tells us? ProfZero sees that the real economy is now in the driving seat - for good. With that, fundamentals come once again into play: inflation tempering prices, supply chains shaping revenue/cost functions, cash flows dictating performance. What a great time to open school books once again. On May 13, ProfZero anticipated that higher interest rates would put stress on weaker and more indebted actors - countries (Italy, Greece), companies and individuals. A heating in the credit market is now at the very core of ProfZero's radar - especially in the Eurozone, where the ECB will put to test the appetite of investors for Italian debt at one of the worst times PROFONE'S TAKE Thinking about the energy of future, today ProfOne’s eyes are set on uranium, whose price is hitting historical highs since the Fukushima catastrophe in 2011 and encouraging old uranium sites in North America, Australia and Africa to reopen. Nuclear energy, recognized by EU as “green” activity, is viewed as a key part of the EU's energy transition plan. Amidst growing uranium demand fuelled by de-carbonisation politics; rush for energy security; and desire to replace deliveries from Russia (which accounts for 6% of the world’s uranium), the supply side is slow to fit into. Yet over and above shortage of qualified labor and supply chain disruptions, ProfOne reminds that 40% of the world uranium is produced by Kazakhstan and mostly shipped via Russia. The energy security equation will thus have to deal with yet another potentially risky supply chain -while in the meantime of course trying to find sustainable ways to dispose of nuclear waste
CME:BTC1!
by ProfZero
Last opportunity to accumulate Bannerman?Not my idea but have to agree this is a great opportunity. Near term catalysts: - SPP outcome to be posted after market today (ASX), IMHO likely way oversubscribed. Investors will be scrambling to get those orders filled with their returned cash when the new share start trading on Wednesday 27thApril. - URNM becomes Sprott Uranium Miners ETF and starts trading under their management - likely next week according to quakes99 - expecting bigger funds flow as the marketing engine revs up - Sprott physical uranium trust taking a breather allowing spot to bring NAV back to equilibrium >$60lb is helping to give us this window of opportunity but it won't last long - Cameco quarterly call May 5th, Grant Isaac's enthusiasm and indications of off the market contracting was a strong driver for the whole uranium sector last quarter - Bannerman CEO out of isolation and attending in-person nuclear conferences again as of this week - Russia Ukraine conflict intensifying in the east and south encouraging further sanctions ASX:BMN
ASX:BMNLong
by JonoBurcham