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Uranium

what do you think of CCJ? short term. down as far as 18?what do you think of CCj by mid october, novemberish? i think (for now) continued down trend. i charted this head and shoulder pattern before break out, link it below. var tradingview_embed_options = {}; tradingview_embed_options.width = '640'; tradingview_embed_options.height = '400'; tradingview_embed_options.chart = 'fFJ3VWfd'; new TradingView.chart(tradingview_embed_options); CCJ... are we destined to repeat the past? by Benz951 on TradingView.com
NYSE:CCJShort
by Jbridgez
Metals/Energy - MGAModel Forecast for Mega Uranium Ltd.: - Model has produced a Line of Least Resistance. - Mega Uranium Ltd. is a uranium mining and development company which explores for prospective properties primarily in Australia and Canada. - This is a second wave "junior" that has been in existence since 1990 with a promising balance sheet. - We believe that a macro turn is upon us and we are extremely bullish on uranium, renewable, and nuclear energy. There is a non-trivial probability that uranium juniors will yield the greatest gains out of all stocks in this full cycle. - With a shift toward renewable energy solutions, we expect a global interest toward nuclear energy, causing a boom in the sector. - With the level of stimulus projected by 2030, and the global direction until 2050, we expect necessary funds to be raised capital expenditures in the sector to be spent aggressively, with the backing of national interests. - Should the company acquire a mining project, the stock will yield outsized gains. - Price is technically breaking out of a Cup & Handle, and is likely to test the top of a channel established since the 2010's. "For the juniors, there are three possible fates: 1. Most common is a failure, which leaves a hole in everyone's pocket, including that of the banks and investors. 2. The second fate occurs when a junior has enough success to justify a major paying a decent premium to gobble it up, leading to decent returns all around. 3. In the third and most rare fate, a junior finds a large deposit of a mineral that the market wants a lot of – it is a magical combination of the right deposit at the right time. When this happens, juniors can return more in a few days than a major will return in years." - Investopedia - Interestingly, the company sold its assets in Canada to NexGen Energy (NXN.V) for a 40%~ equity interest in NexGen. - We believe that a time is approaching such that companies in all sectors, especially in the mining sector to relentlessly undergo mergers & acquisitions, in a race to become "Too Big To Fail" and obtain the blessing of government subsidization. - MGA may be giving signals for a potential M&A with NexGen, and in such case, investors will benefit greatly, as NexGen is also a very appealing company. - In the case that MGA finds a new deposit, investors will again benefit. Investors must simply be patient, as global interest will sustain promising juniors until they succeed during a boom. - We speculate that the lumber squeeze that is currently occurring is only a small teaser for the supply squeeze in energy commodities to come. GLHF, DPT Disclaimer: We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
OTC:MGAFFLong
by UnknownUnicorn1043646
5
$URA first weekly 9 buy above 200 emaLots of talk around #uraniumsqueeze going on in WSB and fintwits. I did get a position in $UUUU myself last week since the price action peeks my interest. Did a little bit digging, and this run is said to start from Sprott, a fund that started buying physical uranium thus jacking price up. I've been looking at history of commodity prices like $GOLD $SILVER etc. Bull runs tend to start after a strong breach of several previous lower highs and above 200 ema. Buying opportunities usually go in the form of a weekly setup 9 buy that is above 200 ema, and is also the highest weekly buy setup in a long period of time. In $URA case, this is the highest weekly buy setup in 5 years. I will keep in touch with the news and track the price action in the following week. Position size are still small, however since the last 2 weeks' price action have been bonkers, I anticipate strong follow-through. Ideal scenario would be a small pullback, then price moves up 25% of this month impulsive move. I will add on that break. Would also watch daily Demark signals for more entries.
AMEX:URALong
by kidze
CARBON FREE ENERGY IS ABOUT TO BE EXPENSIVE This is a simple story of clean energy and a Canadian firm Countries such as JAPAN, THE USA, RUSSIA, UK, and FRANCE pushing for nuclear-produced hydrogen. Nuclear power demand raised from 2% to 2.6 which supply capacity is expected to shrink through 2050. If you have been following the Uranium market by now you probably know of Sprott asset management active uranium purchases in the spot market with reportedly over $1 billion in assets. Even though right now governing bodies are monitoring "Sprott" buying activity but "it's nothing that's worrying them at this point" --- This is from a well-written article by J.HOLMAN from S&P Market intelligence OUR OPINION Little or no regulatory interference will push prices higher Nuclear stocks are the next explosive stocks since cannabis and blockchain Could also see prices of Metal commodities and large manufacturing firms see an increase in demand/ strength in business and positive earnings Nuclear Waste Management spike in revenue and growth into the business venture long-term It's HERE AND CHEAP why not just BUY?
AMEX:URALong
by Beclinks_Capital
1
Price finally chases the inflating element UranniumIn the Uranium market, to keep all atomic plants going, the offer must improve. There was a good interview on Kitco News explaining the current movement. These low prices are not even worth mining for some companies and not enough volumes of Uranium are on the market as a result. All Uranium stocks I've got on my watchlist grew significantly with ENCUF and ISNF leading the market. I expect this rally to continue, but I also hope there is going to be a short break before the continuation as I want to buy some more. From the technical perspective, ISENF broke above 6 months' consolidation high rallying 97% in 14 days. That's a lot... Anyway, I would only buy if the retracement is big and convincing. There should still be some time to reaccumulate. While mining output is insufficient, there is still enough Uranium to keep going for a long time. Good luck!
OTC:ISENFLong
by OrcChieftain
The case for Uranium: Master Plan with a Price Target of 100$+In the early 2000s, the flooding of the McArthur River and Cigar Lake mines were immediate black swan catalysts that further accelerated the existing bull market into a mania moving uranium spot prices to a peak of $150/lb in 2007. The flight to commodities as an inflation hedge following the Great Recession served as an additional catalyst underpinning the macroeconomics behind the commodity boom of the 2000s. The last bull run ended when higher supply combined with the fallout from the Fukishima nuclear disaster sealed uranium into a now decade long secular bear market. Given the lack of speculation, mines today have been idled and the industry has been in consolidation and liquidation ever since. Over the past decade, Uranium prices have descended into the abyss. Because it costs more than $50/lb to mine uranium, the current spot prices indicate an extreme imbalance. The former Soviet state-owned-enterprise, now publicly traded Kazatomprom has forced cheap supply onto the market over the last decade, however overly bearish sentiment has held back the necessary investment in new mines and exploration leading to consistent annual supply deficits. New reactor construction in China and India has lead to strong growth in uranium fuel demand. Given the extreme asymmetry and cyclicality of uranium spot prices, investors are presented with a once in a lifetime opportunity. On top of that, COVID19 has lead to further supply constraints. Cameco's Cigar Lake Mine, which accounted for 18% of worlds supply, was and remains closed. Now, mining companies such as Denison have started actively buying uranium off of the spot market to fulfill their obligations. Its only a question of time until the remaining supply wont be enough to fill demand. At that point, we could experience a bull market in Uranium and the mining companies of epic proportions. Note that uranium bull markets are multi-year to even decade long affairs. My estimation is that we will see prices go to around 50$ in the short term, and then continue a rise up to the 70-90$ region, where price could be sustained for longer periods. However, on shorter timeframes, this longer term target could certainly be overshot, and by a lot. Does 150$/lb sound realistic? Perhaps. While we haven't had a bear market as severe preceding this bull market as we had in the early 2000s, you would need to account for other factors too. Adjusted for Inflation, 150$ in 2007 would be around 200$ in todays prices. On top of that, there could be additional catalists coming up along the way. My plan is to start selling my miners once we reach the 70-90$ range, and let a portion run to see how high we can go. If we go significantly above 100$, I will make sure to not sell the rest of my shares below 100$ U308. Keep in mind that miners tend top out before the price of actual Uranium. Catching the top will be difficult, and there probably wont be a lot of time for it. My favourite ways to play this is to go long on $UUUU, $DNN, $CVV, $FCU, $NXG, $URE, $CCJ. Since there are only about 20 publicly traded mining companies with (high) exposure to the uranium market, of which around 15 are viable investments in my oppinion, even a "spray and pray" approach probably will likely be able to reap in significant returns if my thesis plays out. Once the tide rises, it wont matter too much in which boat youre in.
COMEX:UX1!Long
by JaceStryker
5