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Re: JohnCM post# 53

Tuesday, 07/21/2015 9:03:39 AM

Tuesday, July 21, 2015 9:03:39 AM

Post# of 168
Tough, but maybe overdone?

While URA (U3O8 miners' ETF) has declined over 40% from its November high-



the U3O8 Spot Price (maybe not the BEST indicator, but I can't find a chart for contract prices) has only gone down less than 20% from its November high:



Still not a fan of the ETF, but maybe this a sign that the miners' collective drop could be somewhat overdone?

JMHO

Best to all.