Potentially not too many places to hide in the markets these days ... either equities or bonds. Potentially U will be one place.
YCA is certainly forecasting a solid underpinning for that - a 40m lb deficit for the U market for 2019. I haven't seen an analyst report suggesting that high a deficit yet, and given that YCA is closely plugged in to what Kazatomprom and Cameco are doing (buying off Kazatomprom and storing at Cameco) I would give their forecast some credibility.
Cheers
John
PDN Price at posting:
20.5¢ Sentiment: None Disclosure: Held
