The Second Phase Of The Uranium Bull Market Has Likely Started

HT Ganzo The Global X Uranium ETF (NYSEARCA: URA ) is one of two main ETF options for investors looking to gain uranium equity exposure.

URA is an index of companies that are involved in the mining, exploration, development, and production of uranium, as well as companies that hold physical uranium or other non-mining assets.

In autumn 2021, I highlighted the bull case for the physical price of uranium as the Sprott Physical Uranium Trust Fund ( OTCPK:SRUUF ) and other financial entities started to buy up uranium in the spot market. Since that time the price of uranium has steadily risen from $35 to $58. The URA ETF has seen steady investor interest although uranium equities have lagged the broader commodity. I believe both uranium and the URA ETF are now poised for a breakout. I expect the second phase of the bull market to commence in the coming months […]

Click here to view original web page at seekingalpha.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.