yeah the main event is still that post Dec period; and that's two chunky macro events.
1) relies on SPUT getting the NYSE listing; my thoughts is about 70% likelihood --> there is potential for a regulatory block if the Utilities complain enough.
2) relies on Global X - URA going to $1B USD+ (if SPUT is disallowed then URA ETF will get even larger). So if the criteria is satisfied then the 0.30% --> 0.40% by up will be absurd. about a $4M AUD parcel of EPM. (EPM will be quick sticky to the avg price they buy)
-- outside of this funds that are getting into SPUT already with NYSE are already beyond expectations.
$40lb was 2021 CY; well already blown past that in 3 weeks.
$50lb is now the new forecast for 2021 CY.
This will be an interesting ride, bumps and shakes along the way.
A recent Rick Rules's interview he was already cautioning (and he is a conservative hawk) at $65lb --> $70lb+, after that, market distortion takes over.
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