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Gold/Mining/Energy : Uranium Stocks
URNM 47.36-0.9%Oct 3 4:00 PM EDT
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From: ItsAllCyclical9/10/2024 4:00:24 PM
1 Recommendation

Recommended By
sixty2nds

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Per X we made (or are going to make the cover of Barrons) - Nuclear Revival etc.

In many cases that might mark a top (not in this case). Could suck in more shorts. I think shorts will lose in the ST, but when we get back to the post 1 day bounce highs on Kaz 2025 guide down, we could see a very nice battle take place would could lead to a lot of shorts needing to cover when spot/term start ticking over 85+ sooner vs later.

Most of the time, when you have stock action vs the FA, the stock action is more true. A lot of shorts are looking at that and still applying pressure here on our issues. They don't realize the opaqueness of the sector cuts boths ways.
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