Global X Uranium ETF (URA)

[geosing]

Post-Pukushima bear market continues, with holdings in small companies like UEC causing periodic elevator ride down. Uranium pricing and demand picture are shrouded in secrecy so any kind of fundamental analysis is impossible for retail investors. Hopefully the usual last quarter rally is robust this year. Demand should come from Asia. If Japan restarts some plants, it may change the psychology a bit. Chart-wise this looks like a nuclear disaster. Brief foray above 200MA average evaporated quickly and $10 which provided a floor in the first few months of this year has been broken, with every intraday rally being sold into.