/biz/ - Business & Finance

I've been thinking about uranium and a thought popped into my head that I already mentioned last year but it's now far more relevant.
If Uranium pulls back to it's 2020 levels, which is something I've been expecting since it peaked and so far it looks like it wants to drop down there, it'll meander in the lows at least until mid 2024 or maybe even longer.
Uranium giga bull thesis at least partly leans on the idea of uranium being scarce, but if the time horizon for this bull run gets extended to starting let's say 2 years from now, more and more producers have time to come online.
This means that there's not going to be any kind of a dramatic shortage during the bull run, which might make Uranium a pretty shit investment compared to anything else.
Just a thought about something we need to be aware of.
Still going to buy the hell out of it if it pulls back and gives that opportunity, but I'll also be ready to drop it in favor of something else if it looks like this run is sabotaged by increasing Western production.