I don’t disagree with that being the norm……guess that was my rhetorical question/point…..last time mining stocks overshadowed/overshot the move in the spot price so the question really becomes was last falls miners move a case of mania and this time the move is more normal or are the miners undervalued vs the price.

Yeah, it was a bit both, but keep in mind how destroyed the Uranium mining sector was after such a long protracted bear market since the Fukushima event in 2011, to the double-bottoming of the U308 spot prices around $17-$18 in late 2016 and then again in 2017, and then gradual fits and starts higher after that for 2017 and 2018 and 2019. That bear market in the U-stocks was FAR WORSE than the 2011 -2015 corrective move in Gold or Silver, despite all the whining and gnashing of teeth from PM investors about what a terrible correction it was.

Most individual Uranium stocks pulled back much further on percentage moves, and the underlying metal pulled back far more severely than Gold or Silver did. A sector that bombed out will eventually rerate much higher and faster than many expect, and we discussed on here probably over 100 times that this is exactly what would play out when the Uranium stocks finally decided to get on their bike and ride… and the time to get positioned was BEFORE that happened as it would be worth the wait… and it WAS. Most stocks rerated up 300% – 1000% in a reasonably short stretch of time, more than making up for any “opportunity cost” of being in position a bit early. However, traders that wait for confirmation of move were left chasing that move higher, or completely missing out on it watching from the sidelines.

The Uranium miners were then crushed down even further in the March pandemic crash of 2020 (like all assets were), and that was the point they started rerating higher for the balance of 2020 into the summer of 2021.

After that move from March 2020 to let’s say July/August, that was a long-needed rerate on the back of many fundamental supply and demand factors coming together that we had outlined many times leading up to that. Then from August to November, it was the mining stocks blasting off even higher in anticipation and the realization of the effect the Sprott Physical Uranium Trust and to a lessor extent the Yellowcake fund, Uranium Royalty Corp, and half dozen of the uranium miners were having buying up the supply of U308 pounds directly off the spot market and mopping up any excess supply.

The U stocks got a bit overheated and frothy during that period leading into the Sept/Oct/Nov period moving up substantially more than the price action on the spot market or more important term market. That is why Steve Penny and Justin Huhn nailed their calls in November to ease up on Uranium stocks as corrective move was well overdue after such a huge move. I’d submit that there were also legit moves in about a dozen of the better companies, but insane moves higher in about 2-3 dozen other earlier stage explorers that don’t have a wing or a prayer of being in production this cycle or even of having an economic deposit, so those are the turds floating up with the rising tide, like we see in any asset class when the sector really gets a bid. Those still deserve to be lower, but the dozen or so quality companies deserve their present valuations, and based on Uranium ripping up over $10 from under $50 to near $60, the quality companies could still see a bit more of a move higher to digest that move.

Thanks for that heads up Terry. That doesn’t bode well for the US uranium miners then, and it may be a good day to buy the dip.

+1 DT. The US has been the aggressor on the world stage and fought dozens of proxy wars it had absolutely no business getting involved with. If the neocons in the US government hadn’t perpetually pressed to get nukes into Ukraine and have them join NATO repeatedly for many years now (which was changing the agreement stuck decades ago) , then it wouldn’t have provoked Putin to act. The US sure didn’t like missiles on their doorstep in Cuba in the 1960’s as you noted, and this was no different for Russia in this instance.

The media has demonized Putin in this case, and he is obviously no saint and is a cold-blooded killer, but this whole situation was escalated and forced by the action of the US and other NATO nations in a very orchestrated fashion. Classic Problem… Reaction… Solution. Somehow the lame stream media negates to see how the Western nations instigated this situation, and instead likes having their boogeyman to point fingers out, instead of looking in the mirror. War is big business… always has been… and many political and ex-political cronies are heavily invested in the Military Industrial Complex and the many businesses that profit from continued conflict.

DT. Where do you draw the line regarding aggressor??? Saying the Ukraine is the aggressor by shelling Donbass now seems a stretch when it was apart of the Ukraine since 1954 til 2014 and was taken back by Russia through force. If you want to say the west has poked the bear by continuously back tracking on deals that’s a different argument

Putin may be our last hope to save Western Civilization from the Davos cult who want a Great Reset and to cull 90% of us. That’s why Soros, Schwab, Hillary, and Biden hate Putin. And of course Biden, Pelosi, Kerry, and Romney want to cover up all the corruption their families have been part of in Ukraine. Listen to the Duran on YouTube for the truth about Ukraine. Gonzalo Lira is also good on YouTube and is on the ground in Ukraine. Everything our media shows is propaganda.

Bonzo, also check out that Willem Middlekoop interview on Stansberry Research posted up above on this blog reagarding the financial positioning on The Great Reset. It was a very good synopsis and breakdown of the larger game being played to end the PetroDollar system and dominance of the US Dollar, the implementation of nationalized digital currencies, as well as a new East versus West realignment.

Ex, nobody with an iota of common sense is blind to the self serving greed of the west elites benefiting from ravages of war inspired by masses rebelling autocratic rule. But to promote a false narrative that the Putins of the world, past and present, are therefore remotely justified to destroy a country of 45 million thru obscene cruelty in order to continue their autocratic rule because of the western elites threats on their ability to maintain their control and self glorification is what’s disingenuous. They may be two heads of the same evil snake however as I stated, what matters is the apparent choice that these souls must make, namely western elitism and corruption among other repeated downsides, vs the other snake head, Putin and his Russian state autocracy. The Ukrainians aren’t concerned being overtaken by western elitists, as they attempt to leave by the millions. As was the case of the Poles, Estonians, Hungarians etc etc at first opportunity in 1990 and is now the case with Ukrainians and will be for other slavs under his enslavement including the Russians.

As I said in my comment DT if you want to go back to the coup and make that the starting point that’s all fine……and its great of Russia to be the great saviour of all who want democracy like their help in Syria too….would Putin respect any Russian states that had referendums to leave Russia??? …..and was the referendum even legal by Ukraine legislature???…. I don’t know their legislative rules well enough to know but I know that here in Canada we’ve dealt with this crap from Quebec for years.

Wolfster, you are missing the biggest point, Russia does not want nuclear missiles sitting 15 minutes away from Moscow. Nato and The US repeatedly broke their promises in Poland and Romania. Putin doesn’t trust The sock poppets in The Ukraine who were installed and are controlled by Nato and The US. The US and Nato haven’t abided by previous treaties. DT

No DT…… I’ve realized that part of the issue…I did say in my original comment that the west has continually back tracked on all the deals and it dates back to the reunification of Germany…..and I’d really love to be a fly on the wall for all the dealings and shenanigans between Merkel and Putin from the past

Total agreement with how western elites are the one’s who benefit from the autocrats like Putin whose enslavement of peoples and their fight to be free lead to wars.
It is totally stupid and bizarre however to rationalize Putin and his Russian state rule as some kind of victim of western greed in the posts.
Those subjected to Putin’s rule (with his claims of protecting their and Russia’s interests) are fleeing whenever and whereever possible in the millions. They are literally emptying Ukraine, and will do so in Belarus, Moldavia and Russia itself given any opportunity to escape the brutality of his rule which some here attempt to justify as resulting from western actions rather than Putin’s rule.
The apparent choice for these souls must be for western elitism and corruption among other downsides, vs Russian state autocracy.

And a definite no EX and bonzo with your earlier post ‘that Putin may be our last hope to save Western Civilization from the Davos cult who want a Great Reset and to cull 90% of us.’

Jonsyl – Don’t put words in my mouth, or tie me into things I didn’t say. I never said Putin was our hope to save the Western world, Bonzo did, so adding me too that last sentence is disingenuous on your part. I agreed with Bonzo about the end the game being The Great Reset, and that many of these orchestrated tensions from all sides in this political theater of propaganda from both sides messages are hasting that WEF goal. I don’t think Putin is any kind of savior and never said so, but in fact mentioned he’s a cold blooded killer but he has also has been demonized as the sole instigator – which he was not. It’s the typical “We’re the good guys, they’re the bad guys” BS.

What I did say above regarding the role of the US and NATO was: “If the neocons in the US government hadn’t perpetually pressed to get nukes into Ukraine and have them join NATO repeatedly for many years now (which was changing the agreement stuck decades ago) , then it wouldn’t have provoked Putin to act. The US sure didn’t like missiles on their doorstep in Cuba in the 1960’s as you noted, and this was no different for Russia in this instance.”

What I mentioned after that was “Somehow the lame stream media negates to see how the Western nations instigated this situation, and instead likes having their boogeyman to point fingers out, instead of looking in the mirror. War is big business… always has been… and many political and ex-political cronies are heavily invested in the Military Industrial Complex and the many businesses that profit from continued conflict.”

The point being, both sides are to blame, both sides increased tensions, and many politicians in the US (both Democrat and Republican – part of the same two-headed snake), were complicit in going to war with Russia, because they’ve wanted another war for a long time…. War is and always has been big business, and this is the kind of chaos that leads to elitist goals of further depopulation, more fear = more government control, more “open borders” like George Soros and his depraved ilk crave. Events are orchestrated and coerced and are playing out to larger plan and not nearly as random as many have been hoodwinked into believing. People that think all these things like spontaneous uprisings, mass migrations of people, pandemics, or wars are all just random events and a batch of bad luck for humanity are very much still asleep.

The Great Reset is a the larger game being played here by the global elitist cabals, and so little steps along the way like kicking Russia off the SWIFT banking network and all the sanctions – which have not helped and only hurt both the East and West spiking prices in all commodities further hurting all global citizen, are steps in this direction. It is not an “accident” that the government rhetoric in Canada and the US about anyone with a dissenting opinion being labeled as “domestic terrorists” as that allows them use different emergency powers and to overlay punitive laws on their own citizens. (like calling the Canadian truckers terrorists and freezing/seizing their bank accounts). The US has moved decided that direction as well, using the Jan 6th event to promote this idea of “domestic terrorists” and using the state of the union address to chase that strawman narrative, all to gradually roll back more and more freedom, and increase government control…. much like what politicians have been doing for the last 2 years during the pandemic – using fear to get a “Problem – Reaction – Solution” to give them more power. If you can’t see that then you are truly lost.

The path the Davos and Council on Foreign Relations and Trilateral Commission and Bilderberg Group and Bohemian Grove cult, and all these political Rockefeller/Soros/Rothschild political global elitist clubs want is: 1) Depopulation 2) Digital ID’s for all global citizens – that track their identity, movement, money and where it is being spent – medical status – social credit score 3) A global digital currency (after they let the digital Yuan digital Dollar and digital Euro duke it out for a bit longer until people cry fowl and demand “someone should do something”) 4) Using Climate Change as the means to control energy consumption and monitor everyone’s personal choices through the lens of their “Carbon Footprint” and limit more freedoms using this boogeyman.

If you don’t like this new “Solution” to all the Problems they are creating and your neighbors are having a big fit and Reaction over, then they’ll have government camps for you. It isn’t just camps for the unvaccinated, like what we already saw happening in Australia and parts of Europe, soon it will be camps for the “domestic terrorists” which will be anyone dissenting of the government and with a bad social credit score. The US has spent decades building out the infrastructure of FEMA camps (Federal EMERGENCY Management Agency), and some of my acquaintances helped build some of them and asked if they were for emergencies, then why were their bars on the outside of the windows? Most sheeple are way too far asleep to connect the dots, and by the time they do, they’ll have already rolled over and let all their freedoms and individual liberties (that many others fought and died to protect) erode; never to return.

The sad part is, just like in the books 1984 or Fahrenheit 451, over the last 2 years, we’ve seen neighbor enforcing these insane restrictions on neighbors, family members turning on other family members for not complying, and friends turning on friends for not doing exactly as the power brokers demand. The pandemic has been a trial balloon for more social group think, and the average people failed the test, and the politicians/media/lobbyists/global elite scored a big win.

This is just the beginning of what they have planned to manage humanity, and anyone with a clue has known this was coming for a very long time, and new to be wary of the news as it has been reported as playing into this narrative whether it be the “Arab Spring, George Floyd summer of love mostly peaceful protests that burned down 60 US cities, Defunding the police, Climate Change scaremongering that the world will end in 10 more years with Gretta and crew, the endless stream of fear-porn and disinformation from the Pandemic, and now this War in Ukraine.”

So the geopolitical tensions in Ukraine (one of the most corrupt puppet states ever created with the involvement of so many global elite billionaires and NWO and Great Reset types) are not accidental or sudden. This is a scripted Problem – Reaction – Solution event, and it will be used to punish everyday citizens as it already has – not just in Ukraine or Russia, but in all countries. The sanctions have raised prices on all commodities for the whole planet and are hurting far more than helping. When high energy costs and high food costs and high manufacturing costs cause Planet Earth’s citizens to struggle to pay for everything, and there is more of an outcry for “someone should do something,” you can bet they’ll be there to introduce a more “equitable” Solution for the plebs they control.

Between famine and the gulag Stalin killed 3-6 million Ukrainians. Then the nazis exterminated millions more. That’s history.

The present day Ukrainians are not going to take this invasion lying down–they know exactly where that road leads.

It is rather astonishing, but sadly not surprising, to see here the lengthy recapitulations of how we have arrived at this moment without a single solitary mention that the RIGHT is responsible. A global cabal of collectivists at work which you guys can identify and endlessly decry without once properly identifying their ideology.

The “right” or “left” are just 2 aspects of the same 2-headed snake… they are all part of the same crony clubs and cabals, working for the same global elitists, and only provide the illusion that they are odds with one another. What tribe or team they play for is irrelevant in the larger game being played. Opposites never fight, only Opposames.

The inability to solve human problems without violence indicates weakness in and of itself. Believing that one is entitled to use violence when not threatened with actual violence in real terms, is the same as “anticipatory self-defense” which is not a legal concept under self defense.
Preemptive attacks are normally not acceptable behavior in mature societies. Failing to call out preemptive behavior, particularly against civilians, is enabling behavior leading to repetition (similar to Wall Street Behavior).
A society must curtail behavior/control generated from leaders that obviously have disorders or mental disabilities which prevent them from acting in the best interests of all human life. Self interests do not justify false rhetoric in attempt to promote criminal actions in any form.

Nato’s encroachment into the Ukraine is Putin’s excuse for invasion NOT his reason which is at base, nostalgia for a greater Russia which historically predates the Soviet iteration he grew up under.

The whole ‘nukes on Russia’s border’ thing is a canard. Given their multiple holocausts i wouldn’t blame the Ukraines a bit if they had nukes. If they had them this rape wouldn’t be happening.

The U.K. and France have nukes 15 minutes from Moscow. China has nukes on it’s border with Russia. Where’s the hysteria?

If Hindu India and Muslim Pakistan can be nuclear and stare each other down forever so could Russia and the Ukraine.

There is no two sided right wing/left wing coin mutually responsible for the present historical moment. The right, all by its lonesome, unfettered by any meaningful opposition, has created our present.

When the iron curtain dissolved the world was treated to the spectacle of global capitalism making common cause with authoritarians everywhere. How’s that working out for democracy?

The Russians, were supposed to become like us. Instead, it turns out we’re becoming them.

Good luck Ex, you’re dealing some fascistic little people who actually believe that Hitler was not a leftist (and a textbook one at that). Such beings can’t be reasoned with.

The sheeple will never revolt. The prices of PMs will always be controlled by the evil cabal.

Norrareal, you’ll be saying the same nonsense when gold is $3,000 and beyond.
To everyone else, the overall picture is spectacularly bullish and TINY pullbacks like this one change absolutely nothing. Gold’s UPPER weekly Bollinger Band finished last week at 1951 for crying out loud! Under no circumstance should anyone be surprised when ANY asset goes back within its Bollinger Bands especially after being so far outside of them for most of the last 4 weeks!
Likewise, no one should be surprised that gold’s (and silver’s) quarterly upper Bollinger Band stopped the rise last week due to the stretched technicals of the weekly and daily charts’ price action. [Gold’s quarterly upper Bollinger band was 2059 when gold hit almost 2079.] This quarter or next, gold will break above its quarterly upper Bollinger band and then probably close many quarters above it (it did so for 7 straight in ’19 and ’20).

You might be right on not revolting………. all they have to do,,,, is send the sheeple some stimulus money, … and give um some free Pfizer pills………