Hi all,
I am a supporter of the Bull thesis for Uranium but i just want to share what i feel is an important couple of points.
First, if i hear another comment about the 2004-7 Bull run compared to now i think i'll throw up. Particularly the rise of Paladin.
The Paladin story is so different as it began with a very low market cap & there were few other UR Stocks to invest in at the time.
Also when you look at the chart during that rise you will see there is no break of the 200 SMA. ( Daily chart)
The market at present has clearly broken down in that regard so things are different IMO.
As i said i am bullish but think this time around we will see a much more drawn out timeline. I would not be surprised to see a longer period develop before the real rise. Silver did a similar thing years ago before it's last great rise. Have a look at the long term Silver chart pattern and compare with the UR chart.
I hope i am wrong here & we shoot to the moon soon but somehow i feel we will have to wait out the market slaughter & be patient for a while.
Hope all will do well in DYL & VMY (of which i am a long term holder).
Cheers
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Mkt cap ! $1.444B |
Open | High | Low | Value | Volume |
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---|---|---|
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View Market Depth
No. | Vol. | Price($) |
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15 | 163957 | 1.470 |
5 | 87419 | 1.465 |
4 | 72436 | 1.460 |
1 | 15534 | 1.455 |
Price($) | Vol. | No. |
---|---|---|
1.490 | 60389 | 9 |
1.495 | 6605 | 2 |
1.500 | 165896 | 13 |
1.505 | 67861 | 3 |
1.510 | 24111 | 3 |
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