Brilliant post fbx thank you

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contraindicator

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17/01/17

20:42

Post #: 21957092
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Originally posted by fbx258 ↑

First of all, sorry for my lack of posts on U. Thought i would finish the posted i started before the run.

Obviously by now, everyone who has been in U stocks, has a taste of a quick spike in prices. The question is now, was that the bottom in November and where to from here ?

The URA which is the proxy i will use for this post, is an EFT in USA that holds a basket of 20 Uranium stocks like the GDX does with Gold and some Silver stocks.
It tracks the movement, and the last three months has been very bullish.

I won't go into the fundamentals of Uranium, as every company presentation does that for you. Instead i'll look at the charts

From what i can see, URA has had a GDX (2016) style break out. Below is GDX before rising off extreme lows VS URA.

GDX

View attachment 415445
URA

View attachment 415436
Add to that, all the miners charts show the same patterns, big money doesn't play a bounce. It starts a trend.

I think short term, we will correction and i am not a buyer here. But high 14s is possible before a move to test 20USD$. I'll stick my neck out and say i expect to see $28-31 URA in 2017 and +30Uranium spot.

click to enlarge

View attachment 415475

I don't post on individual stocks too effort and i don't have much time. I hold many U stocks. Pretty much IMO for the first leg, the tide lifts all boats. So don't confuse traders to having brains. As long as U & URA rise, so will the stocks. Some more than others off course.

DYOR and post above is all in my humble opinion. Good Luck all.

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Brilliant post fbx thank you
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Brilliant post fbx thank you

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Brilliant post fbx thank you

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