The Uranium Conundrum, page-2

No offence, but that's just the same story that has been written every couple of months for years. It'd be more convincing if the conclusions were based on a bit of number crunching rather than a 'nice story'. The reactors being built are mostly, if not entirely, ones that have been counted and mentioned in articles hundreds of times going back 7-8 years.

Good to see the chart again though. It's quite clear to me that talk of a recovery in the spot price is pointless until there's a sustained breakout above $40 USD. In the next 3 months, I'd give it a 20% chance, with a 60% chance of falling below $35 USD first. I have a couple of toes in the Uranium sector, but a sick chart is a sick chart. Left field events aside, usually I'd expect to see a lot more flirtation with $40 if it was going to break through any time soon.

People who get excited before that happens, like Greg Peel did a month ago with his coincidence wrapped in a story article, will usually end up with egg on their faeces.