@PaleoBro I know this charting and chat site is dominated by VSA/wyckoff chat but have a query re Uranium.
I have kept one eye on uranium for years thinking that there is a good chance that teh world will be forced to turn to it/embrace it at some stage as a secure energy source (yeah OK thats not a TA thought and more an FA which always gets me into problematic investment area but whatever!!!)
Anyway I have a question for wise heads here. Why has the Uranium price been so bullish but it does NOT appear to be reflected in company share prices?
PS I have put PaleoBro as a link as I have valued his comments on Uranium over the years & I will also copy this to the Brains Trust to see if I can get a comment or 2???
Here is a copy of Jako's excellent future price analysis:
Note 1; From https://hotcopper.com.au/asx/xcl/
Note 2: Its up 40% in 6 months ...
and here is the Global X Uranium RTF (URA) ... from the website:
The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Uranium Index. The Fund is designed to measure broad based equity market performance of global companies involved in the uranium industry.
... and here are a random selection of oz listed uranium companies I have collected over the years.... could show several more. ALL way off highs, generally in severe downtrend (see red MA 200) and at best "bouncing along the bottom"? WHY?