UX1!
Time to go long on Uranium! URA, UECI was looking for a Nov 15 low..... but looking at the price action it may have started to move up....
10-30-17 swing low was looking good also.... Big buyers are showing up
Gann Analysis
Cameco: How low can it go? PART2My previous post getting too cluttered now...
Still looking to buy CCJ
Largest Uranium Miner Uranium is no longer a topic of conversation like it used to be. That's a good thing. Average historical uranium prices in the 80s - 2000s was $10 per pound with an occasional low of $7-8. Uranium spot is currently trading at ~$18 per pound. I think prices could easily get cut in half, especially with cheap energy prices. Prices of Cameco Corp imply a similar trajectory and drop in magnitude of 40-50%, followed by a signal of forming a historical bottom. I'm interested in buying long dated puts on Cameco on any rally with targets in my orange zone. I will be looking for a long opportunity should price reach the orange zone.
