BOE 1.87% $3.67 boss energy ltd

It's a huge day for aussie uranium stocks - and I'm pleased to...

  1. 967 Posts.
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    It's a huge day for aussie uranium stocks - and I'm pleased to see BOE is one of the star performers.

    Aussie uranium stocks are belatedly following the lead of US uranium stocks - eg. see what Cameco (CCJ) and the Global Uranium ETF (URA) have done over the last seven trading days.

    Despite the massive sell-offs in CCJ and URA since February this year, they've both held above their 2016 lows. So there's a good chance imo that the 2016 lows were the cyclical bottom for uranium stocks globally, and this year's sell-off has been a failed re-test of those lows. If that's the case, we could be set for explosive gains in aussie uranium stocks in the coming weeks/months.

    On the other hand, maybe the uranium bear market will drag on for a few more years yet.
 
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