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I've been invested in uranium for well over a decade and believe that nuclear eneregy is an essential part of energy production in the future. I do understand the market but I don't see the fundamentals in play now. I see speculative buying on the spot market and a pile in by people that don't understand the market. It's just another page in the current market bubble book and I see piles of discussion by people who have no idea about uranium going into this market. I'm getting asked about it daily by friends who know my long suffering history in this space.

The big difference between uranium and most other commoditites is that you don't need much of this stuff to power nukes. Kazakhstan can flood the market overnight with uranium and it's a sector that doesn't have its OPEC to control production. Few understand this.