Uranium Stocks

While gold continues to make new all-time highs every couple days, and we wait for the secondary groups to follow it to new highs, those being silver and the miners, I am posting a chart that also has me interested. This is a weekly chart of the URA etf, and while I won’t likely buy the etf itself (I make my own), I am interested in uranium stocks longer term. The monthly chart also exhibits a nice uptrend. I am not buying into the group just yet, since the sideways trading range is only just over one year in duration. With a weaker stock market and economy potentially dragging energy lower in general, or at least keeping a lid on prices, I don’t feel I need to be early on my purchases. If I do start a position, it will likely be in a physical etf like Sprott’s SRUUF and/or Yellow Cake (YLLXF), as they both trade at a discount to NAV, and have had recent breakdowns below horizontal support lines, that if end up holding, would be classic examples of “false breakdowns” and reversals.