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 […]

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