This is a simple enough supply/demand trade.
Russia contributes ~20% of US uranium supply. They just started counter-sanctions against Boeing with titanium supplies. Now there are rumblings they’re going to move against our nuclear industry.
#Russia in Review, April 6-13, 2018 – State Duma has proposed a broad range of potential retaliatory moves against new U.S. #sanctions, including suspending Russian #uranium supplies which meet around 20 percent of U.S. #nuclear needs. ?? #U3O8
— John Quakes (@quakes99) April 14, 2018
#Cameco has shut down world's largest #uranium mine for 10+ months. ? Not only cutting production but also drawing down held #U3O8 inventories ??to meet 2018 commitments of 32-33M lbs, reducing ability to respond to unexpected global "Black Swan" #nuclear fuel supply events.? pic.twitter.com/sGOYs8cT2S
— John Quakes (@quakes99) April 11, 2018
The price is moving sharply higher today, in a space that has been left for dead.
If you recall, I made a small fortune playing UEC a few years ago. Well I am back in the stock, hoping US supply gets choked off, leaving me with extreme profits on the upswing of U308.If you enjoy the content at iBankCoin, please follow us on Twitter