Global X Uranium ETF (URA)

[geosing]

Spot prices are steadily eroding (36.25 now). Till this bottoms, all associated stocks will be under pressure. But URA is losing like 1 to 2% every single day - this means that there is serious selling pressure in all the underlying stocks. Short sellers are having a good time, for now. I am sure the Uranium buyers are locking in low prices. So a rise in U308 spot may not immediately translate to higher stock prices for the miners. (Reverse of the $50 contracts being filled now). Lots of overhead resistance as well as investors bail at cost if and when prices rise.