Monday, September 27, 2010
Why bother with charts? Uranium
Everybody knew uranium was all done, sinking like a yellow, cakey stone under the weight of all that supply overhang. Well, that may or may not be the case, but my U holdings are all showing some really nice strength of late, following the U.to (u3o8 proxy) chart higher; exceeding it actually. U.to still on track above former resistance and in a global view, this vital resource has got to bottom somewhere. Might as well have been in May.