Uranium Stocks Pop

The Uranium ETF is following premier U miner Cameco higher today.  We have been keeping a casual watch on the U’s in NFTRH as one of the ‘outlier’ commodities that can bounce in a corrective USD atmosphere.

The problem I have with this bounce however, is that there was a write up on MarketWatch getting hysterically bullish about Uranium and Japan’s recovery and China’s new nuke build out and whatever other standard pump inputs could be included.  To make it worse, the article quoted the man who in his own mind invented the investment cases for both Lithium and Rare Earth Elements; junior gold stocks too!  He’s been trumpeting these things throughout their bear markets.

So I left it alone.  If the U bounce is real, there will be plenty of time to get on it.