I already owned quite a few and some small company speculations. Been on this trade for over 2 years, and was expecting to hold long term anyway. Like Kuppy, I think it is still a great trade to pile in on, because momentum is there and it's a proven move that will continue, as evidenced by your points.Hey, remember Grayscale Btc Trust issuing shares to buy a ton of Btc (which can't be redeemed for self-custodied Btc, thus limiting sell pressure)? Remember how this hoarding of a scarce asset contributed to a massive increase in Bitcoin price, which increased Grayscale's share price, which attracted more investors, which allowed Grayscale to issue more shares to buy more Bitcoin, which repeated the whole cycle & helped generate a massive bullrun?
Well, Sprott Physical Uranium Trust (ticker is u.un on the Toronto exchange) is gobbling up a TON of uranium which cannot be redeemed for physical uranium. The above process should play out similarly, but a big difference is many utilities companies are forced to buy uranium & these guys are going to get squeezed as they're all implicitly short uranium + utility guys aren't traders so prices might be much higher before they react. Luckily, these utilities are probably govt owned so they'll have access to those juicy tax dollars.
Do whatever you want with this info, but it may be VERY worthwhile to check out some uranium stocks, such as CCJ, URA, or LEU, just as examples. As of this post, the uranium spot price has hit 5+ year highs. Should you decide to get long, this theme is likely a multi-month to one year+ trade, so taking a 'starter position' & adding if it bears fruit is viable. Cheers.
Credit to @hkuppy on Twitter for this theme. Kuppy is a cool cat.