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Started By
Message
re: Uranium>Silver
Posted on 8/18/23 at 10:07 am to itsbigmikey
Posted on 8/18/23 at 10:07 am to itsbigmikey
And what a beast $CCJ has been. I stupidly only own 50 shares. I invested way too heavily in more risky juniors and explorers but hopefully a couple of them will have their day in the sun at some point
1
Posted on 8/18/23 at 10:18 am to itsbigmikey
Well I have called 12 of the last 0 "this is it" moments in uranium so what I say is worthless, but the structural supply deficit is so pervasive and literally grows seemingly every day (without exaggeration based on announcements of new facilities etc). At some point this just will take off and hold.
I suspect once SPUT can re-catch spot and start the windmill again, I think we may be off to the races.
Yes CCJ has been a beast and will be the XOM if this industry, particularly with the Westinghouse transaction when it closes
I suspect once SPUT can re-catch spot and start the windmill again, I think we may be off to the races.
Yes CCJ has been a beast and will be the XOM if this industry, particularly with the Westinghouse transaction when it closes
Posted on 8/18/23 at 3:12 pm to igoringa
IMO, silver is currently trading sideways in a channel $22-$23 based on the current futures prices. There is strong support at $22 , so it is reasonable to expect it is currently basing for the next leg up ….. likely beginning in September.
This post was edited on 9/15/23 at 7:39 pm
Posted on 8/20/23 at 9:57 am to cadillacattack
I like silver here too fwiw
Posted on 8/22/23 at 4:28 pm to itsbigmikey
For those that love charts the last six months of SPUT, URNM, CCJ, and URNJ should be interesting
Posted on 8/23/23 at 6:38 am to molsusports
If that flywheel can get going this thing could get some legs quickly. Need SPUT to get back to a premium. I feel like there is a lot of money on the sidelines that will get deployed if they do. Spot rising without SPUT buying is a big tell IMO.
Posted on 9/3/23 at 2:44 pm to igoringa
Cameco missing 23 production targets
This will be interesting. I own a large slug of Cameco so not a fan, but bigger picture I think it highlights the supply risk related to the resource which makes the imbalance between supply and demand that much more acute. Particularly if Cameco has to go to market to procure the shortfall.
Juniors and others really should take off soon (famous last words)... and this accelerates it IMO
This will be interesting. I own a large slug of Cameco so not a fan, but bigger picture I think it highlights the supply risk related to the resource which makes the imbalance between supply and demand that much more acute. Particularly if Cameco has to go to market to procure the shortfall.
Juniors and others really should take off soon (famous last words)... and this accelerates it IMO
Posted on 9/3/23 at 4:43 pm to igoringa
One of the triggers for the last bull run was flooding in one of Cameco's mines. Arguably the start of the run this year was Japan committing to nuclear plant reopenings.
The instability in Niger and Cameco missing targets could be shock waves this time. Hard to guess but afterwards people will pretend the cause and effect were obvious and/or inevitable.
It doesn't seem clear Cameco will have an easy time making up for a shortfall from the spot market. That supply seems pretty dried up. Especially because one of the former suppliers was Japanese reserves. Japan has converted from a supplier to a consumer since committing to more restarts.
The instability in Niger and Cameco missing targets could be shock waves this time. Hard to guess but afterwards people will pretend the cause and effect were obvious and/or inevitable.
It doesn't seem clear Cameco will have an easy time making up for a shortfall from the spot market. That supply seems pretty dried up. Especially because one of the former suppliers was Japanese reserves. Japan has converted from a supplier to a consumer since committing to more restarts.
Posted on 9/4/23 at 7:18 am to Tiger0527
Didnt read the whole thread did any of the OP's original sugguestions make any money?
Posted on 9/4/23 at 5:15 pm to igoringa
Interested to see how the market absorbs this in the coming days. It’s been a strong few weeks... could this be the week sprott gets a large bid?
Posted on 9/5/23 at 10:50 am to FLObserver
quote:
Posted byMessageFLObserverUranium>Silver by FLObserverDidnt read the whole thread did any of the OP's original sugguestions make any money
Pretty much back where we started lol.
Posted on 9/5/23 at 4:42 pm to Odinson
quote:
Pretty much back where we started lol.
That's usually the best you can hope for on this board.
Posted on 9/6/23 at 1:05 pm to Odinson
quote:
Posted byMessageFLObserverUranium>Silver by FLObserverDidnt read the whole thread did any of the OP's original sugguestions make any money
Pretty much back where we started lol.
Well, UUUU and CCJ have done pretty well from those starting points, especially if you sold some calls along the way.
Posted on 9/7/23 at 9:23 am to TigerHornII
quote:
especially if you sold some calls along the way.
Exactly what I’ve done with my URA position since I first bought it over a year ago (because of a short put assignment). The current price and the frequent covered calls (plus the premium off the puts) has now put me in the green.
Posted on 9/7/23 at 2:09 pm to TigerHornII
I am in the green in UUUU. Have added on dips and the premium on CC's has added.
Posted on 9/7/23 at 6:06 pm to Jag_Warrior
quote:
Exactly what I’ve done with my URA position since I first bought it over a year ago (because of a short put assignment). The current price and the frequent covered calls (plus the premium off the puts) has now put me in the green.
in general, what term and how far out of the money are you putting your CCs?
Posted on 9/7/23 at 8:57 pm to TigerHornII
quote:
Well, UUUU and CCJ have done pretty well from those starting points, especially if you sold some calls along the way.
I’m up 13.54% on UUUU since my entry somewhere back in the early days of the thread.
Posted on 9/7/23 at 10:16 pm to igoringa
quote:
in general, what term and how far out of the money are you putting your CCs?
I’ve gone as high as 40 delta and as long as 45 days to expiration. But it usually depends on the implied vol. present in the market and in the ETF. My latest batch expires on 9/8 on a 24.5 strike. Very possible that position might (finally) be going away.
If I get back into uranium, I’ll likely do it with a different ticker.
Posted on 9/14/23 at 8:39 am to Tiger0527
Just wow. Spot price up but Sput is maintaining a premium to NAV and raising some serious cash. Let's hope it can stay at a premium and keep this train rolling by buying up more lbs. Equities reacting in a big way
Posted on 9/14/23 at 12:47 pm to itsbigmikey
It’s happening… or another head fake??
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