Uranium: Target 1 reached, Pullbacks should be bought!
Updated
Taret 32$ reached in Uranium. It is showing a lot of strength.
Next target is 40$, but a retracement lower is possible, altough very hard to predict what the next move is.
The last bull market in uranium was 20 years ago in the year 2000. And i think this is the start of the new bull market. Entering early will prove highly rewarding in the future.
The break-even point to mine uranium is 60$. now we are at 32$ .. Uranium is still an intrinsic part of our electrical systems. If you believe turning your lights on in 5 years, you believe in 60$ uranium. wich means a 100% rise, and for the miners them selves we are looking for at least 150%!
Altough hard the say. At the peak of this bull market in Uranium, some miners can have a Return Of Investment of 200 to 400%!!!
If you like my ideas: Like, follow, subscribe..
Next target is 40$, but a retracement lower is possible, altough very hard to predict what the next move is.
The last bull market in uranium was 20 years ago in the year 2000. And i think this is the start of the new bull market. Entering early will prove highly rewarding in the future.
The break-even point to mine uranium is 60$. now we are at 32$ .. Uranium is still an intrinsic part of our electrical systems. If you believe turning your lights on in 5 years, you believe in 60$ uranium. wich means a 100% rise, and for the miners them selves we are looking for at least 150%!
Altough hard the say. At the peak of this bull market in Uranium, some miners can have a Return Of Investment of 200 to 400%!!!
If you like my ideas: Like, follow, subscribe..
Note
Just got that feeling we are in topping mode with this rally. If that happens, be ready to buy those dips!
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