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Uranium prices have jumped a lot recently, as new meme stock traders have suddenly gotten interested in trading shares of the Sprott Physical Uranium Trust, symbol SRUUF on OTCMKTS, or U-U.TO on the Toronto Stock Exchange.
Relationship of Uranium and Gold.
Uranium’s Message For Gold into 2022
The message from uranium prices is that gold prices are headed higher. And I have no idea why this relationship works.
Six years ago, I uncovered an interesting leading indication relationship, wherein the movements of uranium prices tend to show up again about 7 months later in the movements of gold prices. I cannot think of any reason why this should matter for gold prices, nor why 7 months seems to be the magical lag time.
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Uranium’s Message For Gold into 2022 weekly_chart/uraniums_message_for_gold_into_2022