The Destroyer of Worlds

URG is leading the charge for a uranium sector (URA is the sector ETF) which has been remarkably quiet for quarters now, even in the face of the Iran War. Even nuclear stocks like NNE OKLO SMR (albeit there is some overlap between the two segments) have been faring better after they, themselves, were quiet for several quarters, too. 

Overall, a big picture perspective is likely required for this sector. Not unlike gold and the precious metals/miners, which ran for an extended period of time leading up to Iran, perhaps these plays were way out in front of the news and spent the better part of this winter and spring consolidating. 

The pertinent issue for us now, of course, is whether they are ripe to resume the uptrend. 

On the CCJ monthly chart, below, we can see one of the larger, more liquid uranium miners bull-flagging nicely during this consolidation period. Should this pattern uncoil higher it is likely to be a sharp move, given the high, tight nature of the flag on a long-term chart. It is also a bit scary to consider this sector may be looking ahead, again, and seeing escalations with Iran. 

But we are where we are. And with "peace agreement" hopes feeling more and more like smoke and mirrors with each passing day and impotent headline, we have to keep an even closer eye on the uranium and nuclear space for clues that diplomacy (using that term loosely here) will prove inept.