Lobo Tiggre of @TheIndependentSpeculator shares his updated outlook for uranium, commenting on recent headlines surrounding Kazatomprom, as well as the potential for a US ban on Russian uranium imports.
"I see a lot of downside protection, I see a floor under this market," he said. "The worst likely case scenario is some modest correction and then ramping up again. And (there is) the potential for a hockey stick in the underlying commodity, which should do great for the stocks. So I wouldn't want to be short — I'm happy to be very long in the space already, but I wouldn't chase the stocks."
This interview was filmed on January 21, 2024.
#Investing #Uranium #Gold
0:00 - Intro
0:28 - Kazatomprom news "very material"
6:04 - Other uranium supply challenges
11:47 - Secondary supply and Russian imports
14:54 - How Lobo is approaching uranium
18:29 - Lobo's current shopping list
23:03 - The Fed and gold price in 2024
27:20 - Are we at an inflection point?
29:50 - Outro
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