Price finally chases the inflating element UranniumIn the Uranium market, to keep all atomic plants going, the offer must improve. There was a good interview on Kitco News explaining the current movement. These low prices are not even worth mining for some companies and not enough volumes of Uranium are on the market as a result.
All Uranium stocks I've got on my watchlist grew significantly with ENCUF and ISNF leading the market. I expect this rally to continue, but I also hope there is going to be a short break before the continuation as I want to buy some more.
From the technical perspective, ISENF broke above 6 months' consolidation high rallying 97% in 14 days. That's a lot...
Anyway, I would only buy if the retracement is big and convincing. There should still be some time to reaccumulate. While mining output is insufficient, there is still enough Uranium to keep going for a long time.
Good luck!
