Uranium price have 40% downside risk

The euphoria behind Uranium prices are back (following a 16 year absence).

I’d be wary.

The chart below shows my simple read of the Sprott Physical Uranium Trust.

My notations partly cite where you would’ve captured the ‘fat part’ of the trade.

But I see the price of this security (trust) and equally the price of Uranium at risk of declining 40% from today’s price.

More interestingly is that I don’t think I’ll find anyone who’d agree with me.

November 30, 2023

by Rob Zdravevski

rob@karriasset.com.au