Morning Markets | The Uranium Bull Market Continues

Chart Package and Analysis

Apr 27, 2022

∙ Paid

Housekeeping: Today’s report has Leon Tuey, someone we respect as a technician, returning to focus on Uranium. He also did a piece on Natural Gas we hope to have out this week. Most do not know about Leon. But Goldfix people know him from his calls in Gold starting late last year. Also on tap this week will be the Y2K Founders class recording on Gold manipulation and bank behavior in crisis. Here is a list of posts with LT’s work in them

Market Rundown:

Good Morning. The dollar is very strong again up 66 as of this writing. Stocks are slightly stronger up about 35 bps on average after a swan dive yesterday. Gold is down $6 and Silver is up 10 cents. Would not put too much meaning into the divergence today. Crude started slightly stronger, but is now 65 cents lower on the day. Natural Gas is up 30 cents over 4%. Crypto is stronger by 2% roughly. Grains are mixed, but Soybeans are the strongest grain today.

Premium:

A 25 page note From Leon Tuey on Uranium and Uranium stocks

In my July 26, 2020 report, “A Long Look at Commodities”, I concluded that the bear market for Uranium was over and it has embarked on a secular bull market (see chart and comments below). Not surprisingly, last week, Uranium closed at the highest level since February, 2011. Short-term corrections notwithstanding, the secular bull market remains intact. I would not be surprised to see Uranium exceed its record high recorded in June, 2007 --April 18, 2022

URANIUM ETF CHARTS

SPROTT PHYSICAL URANIUM TRUST
SPROTT PHYSICAL URANIUM TRUST VS. VTI
VANECK VECTORS URANIUM-ENERGY ETF
ENERGY FUELS INC.
CAMECO CORP.

HIGHLY SPECULATIVE ISSUES

Contrary to general belief, in a bull market, the so-called blue chips may help investors sleep better or give them the bragging rights at the country club, but they don’t outperform and they don’t provide the best returns. Stocks that give investors the best returns are the highly volatile issues having traced or broken out of a long base of four or more years. Remember. The longer the base, the more durable is the subsequent bull market and the bigger the upside potential.

Technically, the following stocks are most attractive. Be warned, however, they are highly speculative…..

And a whole lot more charts with explanations…