The Uranium complex has been selling off recently, and missives from Dines can't even stop the bleeding. CCJ collapsed below its 200 day average on heavy volume today. Here is an interesting article about Cameco, uranium prices, and other thoughts regarding the state of the business. I never get a sense of objectivity when reading pieces such as this, and it doesn't help me determine if the price of U is ready to collapse or not. Plus the Dines folks have been able to support their stocks in the past, but I haven't seen any signs of buying of late, and I gotta believe many could be in danger of falling out of their long term up trends. I wonder if this trade is crowded, and the U-bugs have fallen in love with their story? The game of chicken with the Utilities is close to a turning point, and who will win?
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