IKN

Thy sin’s not accidental

Chart of the day is…

…uranium versus gold in 2014, using U.to and GLD as our neat and simple proxies:
What is this Canadian obsession with uranium? It may be because of the Athabasca and their pride about having the world’s richest U field but it beats me why they can’t see what the rest of the world now class as obvious, that the whole U industry is dying and the metal will never recover its past glory. Calling U to stay under $40/lb in 2014 is the no-brainer of the year.

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