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re: Uranium>Silver
Posted on 11/17/23 at 7:14 am to itsbigmikey
Posted on 11/17/23 at 7:14 am to itsbigmikey
Spot making new highs. This thing is quietly chugging along. Hopefully equities can turn more risk-on but I'm not convinced the macro will allow that right now. Glad I own SPUT is all I can say
Posted on 11/18/23 at 7:51 am to itsbigmikey
quote:
This thing is quietly chugging along.
There will probably be some forced utility purchases (from American utilities) over the next few months that probably move spot more.
The potential for utilities to buy SPUT and redeem for physical Uranium is apparently something Sprott wants to facilitate. Which might move SPUT more than spot price if utilities have no ready alternative
This post was edited on 11/18/23 at 7:52 am
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