To call the bottom of #commodities #uranium in 2023, one must call the market bottom 1st, if you have no idea on that, then you will accummulate too early, as many are doing.
Note: under aggressive #contagion conditions 95% of #commodities are heavily correlated together.
The 5% will likely be extremely short on inventory levels, with lack of short term supply response.
#uranium spot market receives reloading of up to 1.5mlbs per month...
The 5% will likely be extremely short on inventory levels, with lack of short term supply response.
#uranium spot market receives reloading of up to 1.5mlbs per month...
...therefore a truly real supply shortage is when Utilities are forced to buy over 1.5mlbs per month, with other buyers taking the total to over 2.5mlbs per month, then the spot price will actually trend higher. Until this happens (or a sustained risk on period later in 2024)...
...it's likely that the #uranium spot will be wondering in the desert, at the behest of #contagion.
Generalists, like us, know our correlations, swimming against those correlations is an extremely difficult experience, in 95% of cases it won't happen until the liquidity withdrawal storm has past, with it the recession.
Following your specialists will often get you into trouble as they have little grounding in liquidity flows, recessions and what real commodity cycle fundamentals are based on. As the tide continues it way out, the altermit prize is that it will come back in.
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