Longer-term charts of the Uranium price are constructive The previous post includes a comment from an NFTRH subscriber that makes some good points about why the move happening now – whether lasting or ephemeral – may be occurring. Here are the weekly and monthly charts of u3o8. The weekly chart has so far held short-term support and is moving up from consolidation. If this area … Continue reading Uranium price charts
The Uranium sector has been conspicuously bullish lately I have not had time to go fishing about to find out what may be at the heart of this, but on Friday per the NFTRH Trade Log, URNM was added as it dropped toward the SMA 200. It was added to an existing position in NexGen Energy (NXE). Added URNM. URNM chosen over URA because it … Continue reading A commodity sector with special interest
U3o8 Futures have pulled back Amid the global volatility in commodity/resource assets, Uranium futures have pulled back to what looks like a buy area for Uranium bulls. It’s a classic pullback within an uptrend after bottoming, basing and developing a new uptrend. For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed … Continue reading Uranium has pulled back within its uptrend
Since highlighting the Uranium sector back on 9/2, the answer has come in. Uranium was P.L.A.Y.E.D. played. As usual. Back then I asked… So, is this something real or is it a traditional rotation of the machines roving through an outlier commodity patch? Neither. It turns out that according to a reliable source Sprott was moving its own market by buying u3o8 for its holder … Continue reading Uranium: Reddit strikes again?
Uranium stocks woke up this week My only position, UUUU is the laggard. Regrettably, I didn’t buy back NXE because it didn’t pull back, and now it’s gone. But UUUU is my first choice, anyway. So, is this something real or is it a traditional rotation of the machines roving through an outlier commodity patch? Below is the chart we use in NFTRH each week … Continue reading Uranium gets a move on…
Per the NFTRH Trade Log on November 10th… Taking a shot in the Uranium patch, added NXE & UUUU, considering the bounce in the broad Energy sector. Some day Uranium has to get up, doesn’t it? Regardless, after selling over valued tech stocks buying these cow pastures is done as part of rebalancing. And… Adding CCJ for much the same reason as the two U … Continue reading U Paying Attention?
I’ve been out this morning finding out that my dog, beloved as an important member of our family, has cancer. He was a shelter hound, born with terrible limbs and no chance in life until we put many thousands of dollars into his knee and hip surgeries. He’s now in his 11th year and well, time could be running out. The thing is, he still … Continue reading Uranium: The Opposite of a Meltdown
Last week we noted that Uranium looked interesting. This week it looks interestinger-still. URA is poking the zone about which we’ve noted in July 2nd’s ‘online edition’ NFTRH 454… “The 1st resistance point is the sideways-going SMA 200 (currently 13.84), which halted the last bounce. If this gets above 14 be on alert for a new, extended U trade.” Head fake or real? Dunno; only … Continue reading Uranium Updated
Well, the Uranium patch sure is interesting. We have been noting for several weeks now the difference between Thing 1 (the price of Uranium Oxide) and Thing 2, the Uranium stock sector. Thing 1, while in a serious bear market had risen conspicuously since the spring. Thing 2 had been down on the mat for months in spite of the above and even took a … Continue reading Uranium Miners Do Some Catching Up