You have been right in the short term yes, I can't remember what your long term thoughts on gold were though.
The uranium spot price has just jumped over $50 for the first time since 2012. With natural gas up 99% YTD and propane up 97% YTD, uranium even despite its increase in the past month has only gained 65% YTD. With other energy commodities such as crude oil at 48% YTD, gasoline 54% YTD and ethanol 54% YTD, you can clearly see the large upwards trend in energy commodities. And none of these commodities have a aggressive spot buyer like SPUT. And the uranium market is tiny compared to other energy commodities especially natural gas and oil. Uranium spot has a long way to go yet even just to be on par with other energy commodities for 2021.
Im expecting the spot price to continue to make large gains all the way through to Christmas as other developments occur in the space and more spot buying occurs. Price target $70-80
What happened ?, page-77
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$1.03 |
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Mkt cap ! $998.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 3 | 21673 | $1.03 |
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|---|---|---|
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