SRUUF - Sprott Physical Uranium Trust Seems To Be Cornering The Uranium Spot Market And I Remain Bullish

• The trust bought close to six million pounds of uranium on the spot market over the past month. August had the highest monthly trading volume for the past 25 years.
• Uranium spot prices are going parabolic and the trust has managed to do what Cameco and Yellow Cake failed to do in the past – corner the spot market.
• The big question is whether this pressure can be maintained in the future, with the end game being to see utilities returning to the market.
• The Reddit crowd has joined the game and Sprott Physical Uranium Trust has just upsized its ATM program to $1.3 billion, so I think the answer is yes.

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