#uranium #SPUT $CCJ $SRUUF
1.) I see that a lot of new(er) investors in uranium don't have a clear picture of who the main players in this space are... and in times of massive downside vol, it usually is better to be aware than not...
1.) I see that a lot of new(er) investors in uranium don't have a clear picture of who the main players in this space are... and in times of massive downside vol, it usually is better to be aware than not...
#uranium #SPUT $CCJ $SRUUF
2.) Apart from the usual suspects that are easy to find like juniors, producers, etc. and #Sprott, there are some truly huge entities that play in this space -- certain banks and comm. traders that had a really nice thing going for some near 5-6 years
2.) Apart from the usual suspects that are easy to find like juniors, producers, etc. and #Sprott, there are some truly huge entities that play in this space -- certain banks and comm. traders that had a really nice thing going for some near 5-6 years
#uranium #SPUT $CCJ $SRUUF
3.) I've looked into the space for the last 4 years, mostly trading in and out--why? In commodities, the side with the most $ usually wins. Not the people with the best thesis, not the most knowledgeable. It doesn't mean you can't make good $ long
3.) I've looked into the space for the last 4 years, mostly trading in and out--why? In commodities, the side with the most $ usually wins. Not the people with the best thesis, not the most knowledgeable. It doesn't mean you can't make good $ long
#uranium #SPUT $CCJ $SRUUF
3.) The most profitable trade in this sector (straight from a former trader at a huge Euro outfit looking for $), "just printing money" to paraphrase, was the carry trade or arbing the mid-term (2-3 years out price) and the spot price.
3.) The most profitable trade in this sector (straight from a former trader at a huge Euro outfit looking for $), "just printing money" to paraphrase, was the carry trade or arbing the mid-term (2-3 years out price) and the spot price.
#uranium #SPUT $CCJ $SRUUF
4.) All the big boys were in some form synthetic short U, most of it hedged with off-takes, some of it naked. When I say big, I mean that-$CCJ and KAP are the 800-pound gorillas in mining, but they're lapdogs compared to the trading houses and banks
4.) All the big boys were in some form synthetic short U, most of it hedged with off-takes, some of it naked. When I say big, I mean that-$CCJ and KAP are the 800-pound gorillas in mining, but they're lapdogs compared to the trading houses and banks
#uranium #SPUT $CCJ $SRUUF
5.) The large trading houses don't like losing $ and they can whip that thing any which way they want. What's more important is that the one thing they will absolutely, never allow to do is default on a delivery. #SPUT was a surprise in that regard
5.) The large trading houses don't like losing $ and they can whip that thing any which way they want. What's more important is that the one thing they will absolutely, never allow to do is default on a delivery. #SPUT was a surprise in that regard
#uranium #SPUT $CCJ $SRUUF
6.) When retail and small inst. $ flooded into #SPUT, and U was ripping, the short interest curiously rose from 0.5M shares to ~6M shares and every time the premium to spot rose, it wasn't just #SPUT selling shares--large short sellers sold as well
6.) When retail and small inst. $ flooded into #SPUT, and U was ripping, the short interest curiously rose from 0.5M shares to ~6M shares and every time the premium to spot rose, it wasn't just #SPUT selling shares--large short sellers sold as well
#uranium #SPUT $CCJ $SRUUF
7.) It would not surprise me if it eventually came out that the large traders piled in short to nail #SPUT--not because of the price per say, they'll figure out how to make $ regardless, but because #SPUT was vacuuming too many U pounds lying around
7.) It would not surprise me if it eventually came out that the large traders piled in short to nail #SPUT--not because of the price per say, they'll figure out how to make $ regardless, but because #SPUT was vacuuming too many U pounds lying around
#uranium #SPUT $CCJ $SRUUF
8.) Without free, mobile pounds lying around, their risk managers would not let them enter into further carry trades. They'll pivot; smaller players probably already have--I can bet they've been front-running #SPUT the whole way
8.) Without free, mobile pounds lying around, their risk managers would not let them enter into further carry trades. They'll pivot; smaller players probably already have--I can bet they've been front-running #SPUT the whole way
#uranium #SPUT $CCJ $SRUUF
9.) But it's very likely that pounds meant for #SPUT are now hitting the market, with KAP and $CCJ probably being the bid. But, these two have dedicated trading arms and don't chase up, they look to buy cheap, so they're not price insensitive like #SPUT
9.) But it's very likely that pounds meant for #SPUT are now hitting the market, with KAP and $CCJ probably being the bid. But, these two have dedicated trading arms and don't chase up, they look to buy cheap, so they're not price insensitive like #SPUT
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