Zinc and copper bulls have been voicing the same structural deficit narrative for those metals all year. It hasn’t stopped those prices from collapsing. Sentiment can sometimes override economic logic
I’m a uranium bull like you, but I refuse to entirely discount the risks of a significant price correction due to a souring of sentiment (although I don’t think there’s a high probability of this happening for the same reasons you gave)
Uranium - Breakout, page-29
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Last
$8.20 |
Change
0.460(5.94%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $8.04 | $8.32 | $7.90 | $30.65M | 3.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.22 | 2649 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
