tag:blogger.com,1999:blog-5344965236400432005.post8438702033297816656..comments2023-10-17T07:31:55.542-04:00Comments on Technically Uranium with Merv: Merv's Daily Commentary 09 Nov 2010xhttp://www.blogger.com/profile/05640657811772846091noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5344965236400432005.post-10807384448328674282010-11-10T19:40:43.903-05:002010-11-10T19:40:43.903-05:00I have yet to really look into that new ETF, the U...I have yet to really look into that new ETF, the URA. My suspicion is that it is calculated based upon the stock market value and therefor the top few stocks will have an inordinate effect upon the ETF value as opposed to the bottom 25% to 50% of the stocks. That's why my Weekly Index is calculated based upon the average weekly performance of all stocks in the Index, not just focused on the largest stocks.<br /><br />As for the uranium spot price, I follow it every week BUT one should not automatically assume that a uranium price move will reflect upon the stocks. Stocks move in ANTICIPATION and may have made their moves long before uranium actually moved. Stock move AFTER the uranium price move may only be a last ditch effect before a reversal of stock prices.Mervnoreply@blogger.comtag:blogger.com,1999:blog-5344965236400432005.post-9116438283126611822010-11-10T16:48:32.785-05:002010-11-10T16:48:32.785-05:00Hi Merv,
Just an update on the U308 spot price: U...Hi Merv,<br /><br />Just an update on the U308 spot price: UXC has it listed at $58.50, up $5 on Nov 8th.<br /><br />It's nice to see the price going up and the stocks as well. But it may be going up too fast in a short amount of time.? Maybe it will just consolidate before the next move up?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5344965236400432005.post-32641728590334281852010-11-10T07:12:16.506-05:002010-11-10T07:12:16.506-05:00Merv & friends
Here's an overview of the ...Merv & friends<br /><br />Here's an overview of the recently listed Uranium ETF Global X Uranium ETF (URA) that began trading Friday November 5, 2010.<br />(Complete list of 23 holdings)can be found within.<br /><br /><b>http://australianuraniuminvesting.blogspot.com/</b><br /><br />Go the U-Bulls :)tturaniuminvesthttp://australianuraniuminvesting.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-5344965236400432005.post-50447347461046151652010-11-09T23:12:28.497-05:002010-11-09T23:12:28.497-05:00No rest for the weary. Anyway you've had two ...No rest for the weary. Anyway you've had two years it seems of going sideways, we get a break out and you want to rest? :)<br /><br />You know I'm kidding.<br /><br />Dont know if you saw it yet but UXC shows a $5 up move to 58.50.<br /><br />That chart looks even more parabolic than the miners, not sure we have even got our leverage on the price move.<br /><br />Should be interesting tomorrow if we can get a neutral to minus dollar.<br /><br />At least its interesting again,<br />Thanks as always, <br />AnonymousAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5344965236400432005.post-47710295168013600352010-11-09T20:07:17.159-05:002010-11-09T20:07:17.159-05:00Hi Merv,
Just an FYI: A new Uranium ETF from Glob...Hi Merv,<br /><br />Just an FYI: A new Uranium ETF from Global X Funds, trades on the NYSE under ticker URA. Started Nov 5th...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5344965236400432005.post-33076105853991039842010-11-09T19:08:59.313-05:002010-11-09T19:08:59.313-05:00Great analysis. Thanks, Merv, for all your work o...Great analysis. Thanks, Merv, for all your work on the uraniums. Lets hope the bull keeps stomping.Anonymousnoreply@blogger.com