Sprott Physical Uranium Trust Shaping upSprott Physical Uranium Trust - $SRUFF
Chart Really Speaks for itself
A nice ascending triangle with ideal entry opportunities for the patient.
Will follow up if we trigger and ideal entry
PUKA
Sprott
Stepping forward into the unknown..... So FUU is the success story of the year for Uranium...and god knows the big U could use a few good wins after Fukushima utterly destroyed the entire sector. I mean...who but me held CCO for something like a decade only to get angry with it as I broke even, sell it and then look back as it's 100% higher and just kick my f'ing ass for being dumb. As Kanye has been quoted "more people are retarded than rich" (or something like that).
So here we are with a junior...it's hit an amazingly high grade deposit and is in the process of drilling the step out sections to determine if this is the "real deal" of if this is just a boner popping vein with limited lifespan. My gut...my gut says this is the real deal, decade long mine development set for eventual buyout buy a big player.
So we wait for the analysis for future growth. I don't think much happens without news, this market is quite small and there are few eyes on it from a big money sense. FUU was added to the Sprott U fund so that is a check mark win.
I am averaged @ 0.14. It's been as high as 200+% and I failed to sell because as a trader I am shite. Great holder much to my dismay...poor trader.
But hey...if it's the real deal...bababoom! Ride it!
short set upthe lithium ETF vs Palladium/platinum ETF.
down is bearish for lithium things and bullish for palladium things.
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
$PEN #PEN -Macro Inverse head and Shoulders
-Consolidating on the daily TF
-Uranium Spot above $40
-Sport buying Physical
Cameco - UraniumWe like the uranium play and we are doing it through Cameco. Sell target at 1.618 Fib level.
We are not early to this play, it has been underway for quite a while. We may be approaching the top, but we want to squeak a bit more out of it.
Other plays are the Sprott Physical Uranium Trust and URNM .
Fundamentally, Sprott is cornering the physical market.
adventuresincapitalism.com
Get some!
UUUU top out at 10Update to my UUUU chart. I last posted a while back before breaking out of the wedge where I proposed repositioning if we failed to break and challenge the red trend resistance.
Since we have broken the wedge to test the RED. The RED was stiff and we will now retrace the move since April. This part of the wave structure would usually retrace shallowly, but I present the deepest possible retrace will test the 50 dMA.
Once the retrace is complete we could test the RED resistance. If broken we test 10. If fails, we probably sideways until true spot market moves, potentially nearer September.
My last entry was at 5.57 and a strong push to 10 would be 80% before considering a reposition to somewhere lower in the channel (As per the previous post)
In gold we trust, is it safe?Here's a look at gold as a short term play, and as a long term investment. Looking at the ETFs and trusts. And a little chat about physical.
