You've got to ask yourself why the U-spot price continues to go...

You've got to ask yourself why the U-spot price continues to go up yet all Uranium stocks are flat or down...?

All Uranium stocks were going up at just the sniff of the spot price increasing.

Now the U-spot price is in a clear solid uptrend but Uranium stock aren't moving...
Why is that??
In my opinion, I believe it's from general market weakness caused from Trumps Trade War.

I wrote a couple of posts on the STT trading thread about it and how it's correlating with the stock markets.
https://hotcopper.com.au/posts/35663879/single


I believe that Trump's trade tariffs were affecting all of the global stock markets very negatively, excluding the US stock market.

My sell signal was if Trump would proceed in adding another (US$200bil) worth of tariffs this week as the Chinese have indicated they will pull out of talks later this month if he did.

Trump proceeding with adding the new tariffs last night.
So I went all cash except for a few shorts and Energy Fuels Inc (UUUU) which I've got a tight stop.


Unless Trump backs off some trade tariffs, I don't see this situation getting any better.
The trade tariffs are now also starting to impact the US stock market as can be seen by the large red candle from last night.


So I'm waiting on the side lines to see how this pans out over September and October.