Uranium — Time to Go
There is a saying in the markets that if something is down -10% you buy it, but if it’s down -20% you probably want to sell it. You don’t really hear the opposite on the upside, but it stands to reason there are some circumstances when that logic might hold. After reading Trump’s four nuclear Executive Orders on Friday and considering the market setup, I am largely convinced there is a substantial instability brewing in the uranium market that resolves on the upside.
Side note: As I finished writing this I scanned my inbox and saw my buddy
had a writeup about uranium and platinum, but I was relieved that he focused on the latter rather than the former…so while great minds think alike, at least we did not step on each other in the same exact subject! His note is worth a read here.