Uranium Testing 10-Year Lows

It’s rare when you find a market that is testing lows from 10 years ago.  Uranium had a nice rally earlier in the year but was slammed back down in March and prices still haven’t recovered since.  Before that uranium had been suffering in a 3-year bear market from the Fukushima black-swan event that killed the uranium bull market that started in 2010.  So uranium really has been in a 7-year bear market since 2007 with an aborted bull market in 2010.  I think this sector is working keeping an eye on but it needs to set back up again and that might take time.Visit StockCharts.com to see more great charts.

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