@Uranium2035 "For a material supposedly in tight supply/deficit, the lack of interest in spot is puzzling. It suggests utilities aren't short pounds and don't need to top up — and carry traders or funds aren't seeing enough value to step in either.
@HuxleyMick Maybe the bigger story out of the Indian announcement is that Leaders are flying around the world securing Uranium, which they see as a commodity in short supply, for energy security as they transition to nuclear power. Data Centres and the electrification of everything.
@MRobertsQLD What is the actual deal. Who is supplying, how much and when??? Boss Energy may have some spare pounds but who else is going to supply them. This seems airy fairy to me!!!!!!
@Robert41329413 You would’ve thought Cameco might’ve reacted better to this. With its Westinghouse stake and broader exposure to the nuclear fuel cycle, it feels at least indirectly relevant. Perhaps the market hasn’t joined the dots yet.
@BatonRougeBorn@RealSimpleAriel positive if it holds the 50ma and then breaks yesterday high over the next week. Other than that uranium is doing what uranium does. U struggle to get two three days up in a row.
@derekquick1 Hey Derek, when do you think Big Tech is gonna wake up and realize that if they go all-in on nuclear power and SMRs, they might have a hard time getting enough uranium to actually fuel them? There’s basically no big new mining projects coming online for years.
@pdicarlotrader I posted the other day re Tesla and how could you still be bullish. Respect to you for owning it and yes you may still be right but the timing is wrong. Much respect with how you trade and handle yourself.