The Uranium physical trust is showing signs of distribution with continuous bid hitting and failed rallies. Although the long-term bull thesis on Uranium is strong, the short-term price action suggests the distribution cycle is not over yet. Investors need to be patient to see where the buying and accumulation cycle will start. Additionally, the US 10-year Treasury yield is turning down, indicating bonds are behaving as a safe haven during market volatility. Bonds may not have a significant upside return, but they offer a place to hide, pick up yield, and find safety in turbulent market conditions.