by 3STmotivation
The last few months have been turbulent to say the least in this dawn of the uranium bull market. Equities across the board have risen substantially and the question that lingers is… what is next? One might reasonably expect a pullback to come soon, after all nothing ever goes up in a straight line, but with the uranium spot price feeling like a coiled spring that could go off any minute now, it would be foolish to suggest this run is over. Personally I expect another run up in equity prices, before we settle down a bit and consolidate or correct. This would be a welcome sight, as the charts are stretched as of this moment. Having said that, the macro bull thesis has gotten even better. With the closure of the COMINAK uranium mine at the end of this month and possible spot buying by Cameco and Kazatomprom, we are only in phase 2 of a bull run that has 4 more phases to go. .——-