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@tcu$GXU held the critical 61.8%. Fibonacci retracement level. Big volume day. $URA also had a good day with good volume. Looks like we may have a second bull run in what will be A very long, amazing ride
@tcu$URANIUM and $URA looking like another rally coming this week. With more japanese restarts coming online, this will reduce supply being tossed on the market. Russia also cutting production from kazak top producer. Looking good! Glad I bought a bunch more $GXU the last week! What a purchase, very very cheap
@tcu61 retracement based on Fib calculation is 22 cents.$GXU hit that twice and bounced both times. Technically speaking we already reached your target. I'm assuming that's what you meant. Dragonfly doji confirming today. Lloking good for alevel 2 breakout. $URA and #URANIUM looking great today!
@tcuTough day in general across the board. Not much out there that was spared once the bomb hit afghanistan. $URA$CCO$URA among many others were all down today. Didn't stand a chance with a risk on day in the market before a long weekend. People did not want to hold securities over the weekend with north Korea and ISIS worries #URANIUM Stocks should bounce back.
@tcu$URA made a nice comeback today holding nicely above 30 week moving average. $U also made some gains today after a big week last week. Seasonality on the U sectors side the next two months. Let's see if it translates into another $URANIUM sector breakout
@tcu#URANIUM spot down 1% today might help $GXU go lower tomorrow. $URA on the brink of breaking 30 week moving average. Would spell tough months ahead in U sector. 14.40 is solid support for $URA. We are however entering into great time for U prices historically. End April through July is time for the utilities to start buying. Spot might dry up
@speculatorX2 on your post @goldfinger ... i dont think there is a tru breakdown until about $2.91. That looks like it will be tested soon. Ive tried hard to crystal ball this thing the past couple weeks, i think the $2.91 will be tested first week of may. Then maybe a bounce ? I also suspect a bounce could start first week of May, We will have to see. Although it looks bad, $nxe has held up much better than $URA and U.TO , URA has fully broken support. Sentiment on nxe still seems loud with a true breakdown not confirmed, and selling volume drying up. I still would bet on the 200 daily sma getting tested. Again, i dont feal that really will be confirmed until $2.91 is difinitvley broken. I will add ... there is all that $2.80 support from last year as well. I wouldnt rule out a senario, where $2.80 ish is touched and a sideways trade where the 200dsma comes up to meet the share price. Anything can hapen ... im just speculating, i cant help it :)
@OnekeySo how are are you #uranium people doing? Personally I am down 18 percent as of today. I mostly own $URA, $GXU, $UUUU, $ARY and $AZZ. I am hopefull though. From what I am hearing there is not much buying going on now. So that means there will be all the more buying later on (I assume). Anybody else care to share their missery?
@Excelsior@Goldfinger - That was my point about that $URA MACD cross marking a turning point in #Uranium. Even though it is a lagging indicator, it was easy to see the cross starting to form in mid January. I know you put less emphasis on it, but that marked a turn to me when it lined up with other indicators, and was happening at such overbought levels.
@Excelsior@Goldfinger Yes, I do - and you were on the money. But at the time it was being discussed as a several week downturn, and I was concerned it may be a larger one, but was open to the idea of it weaving to consolidate (but feared the worst as an intermediate topping).
@Excelsior@Goldfinger - Thanks for the response on $URA that is good to hear. I thought you raised a good point with the declining volume on the pullback as well. In addition, it is bullish that the 50 day EMA has crossed up through the 200 day EMA to the upside. The MACD is a slightly lagging indicator, but it crossing does mark trend changes to the upside and downside more often than not. (It could just be a small downturn though, where it weaves closely together)
from #index, 30 Jan 2017, 21:54
#CEOTimeMachine: https://ceo.ca/ura?0bf8bdbc0708@Excelsior@Goldfinger - Agreed on the healthy reset of the #Uranium market sentiment and expectations. Yes, when I mentioned it could just be a small downturn in $URA where the MACD weaves closely together, that was referencing a sideways consolidation where it would cross multiple times. We're on the same page there. However, if it crosses and doesn't start weaving and consolidating then..... (Likewise, if the MACD doesn't cross and just charges higher then..:-)
"It's gonna be a really big show...."
0 30 Jan 2017, 22:15
@Lukester599Is another year's further downturn completely inconceivable? Massive gluts due to black swan events can distort all normal market signals well beyond what might seem intuitively likely.
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@Onekey$URA is now at the same level it was in september 2016. Seems cheap to me considering the situation for uranium is much better now with the Kazak cut backs, US energy department cut backs and Japanese restarts.
@Onekey@Pon$URA is soon at an all time low. And that is after we had the news about Kazatomprom cutting. The news about Kazatomprom planning to boost the spot price, the news about more japanese restarts and the news about the US government cutting uranium sales. Seems like the better the news the worse the #uranium stock do.
@GoldfingerLots of $uranium names up 5%+ early today. Had an interesting call yesterday with Trading Lab subscribers in which I offered a possibility that this sector could turn up soon, very soon. $GXU$NXE$URA$URRE
@Goldfinger@HRA-Coffin Since the Irish are booking the bet they might be giving the GOP plenty of credit ;) - real odds are probably more like 5-1. Although he's doing a good job of lowering those odds on a daily basis.
But I digress, what do you know about spot $uranium pricing Eric? Have you noticed that $URA has rallied ~10% (8 straight days) while spot uranium has dropped from $22.50 to $21.50?
@HRA-CoffinI've found the uranium market to be pretty impenetrable @Goldfinger. The way products price against each other has never made a lot of sense to me. I'm increasingly on the opinion that sector ETFs are dominated by generalist, which in many cases equates to "dumb" money. All I know is the handful of people I trust when it come to the uranium market, who watch it way more closely than me, all seem to be totally lacking in optimism. They all agree with the underlying thesis that "some day" the uranium price has to rise significantly but none of them seem to believe "some day" comes in less than a couple of years. I thin the $URA buyers react to things like news of cutbacks in sales from strategic reserves a lot more. Those are positive, but don't get you past the fact there are enough above ground supplies to cover the production deficit for quite a while. Hard for me to get bullish when there seems to be absolutely no concern about getting supply by utilities buyers. They know the market way better than me.
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@HRA-Coffin@HRA-Coffin I've found the $uranium market to be pretty impenetrable @Goldfinger. The way products price against each other has never made a lot of sense to me. I'm increasingly on the opinion that sector ETFs are dominated by generalist, which in many cases equates to "dumb" money. All I know is the handful of people I trust when it come to the uranium market, who watch it way more closely than me, all seem to be totally lacking in optimism. They all agree with the underlying thesis that "some day" the uranium price has to rise significantly but none of them seem to believe "some day" comes in less than a couple of years. I thin the $URA buyers react to things like news of cutbacks in sales from strategic reserves a lot more. Those are positive, but don't get you past the fact there are enough above ground supplies to cover the production deficit for quite a while. Hard for me to get bullish when there seems to be absolutely no concern about getting supply by utilities buyers. They know the market way better than me.