Sprott Physical Uranium Trust Fund : 10/2022 – Uranium’s October Optimism

"We believe that uranium demand will continue to gain momentum."

URNM

Uranium Report

November 11, 2022Uranium’s October OptimismPerformance as of October 31, 2022 Indicator 1 MO* 3 MO* YTD* 1 YR U3O8 Uranium Spot Price1 8.32% 7.57% 24.12% 17.30% Uranium Mining Equities 3.11% -3.30% -6.38% -18.44% (Northshore Global Uranium Mining Index)2 Commodities (BCOM Index)3 1.67% -6.96% 14.30% 9.67% U.S. Equities (S&P 500 TR Index)4 8.10% -5.87% -17.72% -14.63% U.S. Bonds (Bloomberg Barclays US Agg -1.30% -8.23% -15.72% -15.68% Total Return Value Unhedged USD Index)5 Source: Bloomberg and Sprott Asset Management LP. Data as of October 31, 2022. For the fund’s standardized performance please see page 5. Past performance is no guarantee of future results.*Performance for periods under one year not annualized.October: Uranium Markets BrightenMany asset classes rebounded in October following painful September drawdowns. The U3O8 uranium spot price climbed 8.32% in October, rising from $48.25 to $52.27 per pound. By comparison, the […]

Click here to view original web page at www.marketscreener.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.