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URA: New Entrant In Physical Uranium May Spark Virtuous Price Rally

It has been a few months since I last wrote about the Global X Uranium ETF (NYSEARCA:URA) and nuclear energy in general. So I thought it would be timely to update my thoughts on the sector

URA top 10 holdings

Figure 1 – URA top 10 holdings (globalxetfs.com)

Uranium is trading at a 1-yr high

Figure 2 – Uranium is trading at a 1-yr high (tradingeconomics.com)

In contrast to crude oil, which is trading at 1-yr lows

Figure 3 – In contrast to crude oil, which is trading near 1-year lows (tradingeconomics.com)

SRUFF kickstarted uranium bul market

Figure 4 – SRUFF kickstarted uranium bull market (Author created with data from SRUFF website and tradingeconomics.com)

SRUFF raised more than $2 billion to invest in physical uranium

Figure 5 – SRUFF raised more than $2 billion to invest in physical uranium (Sprott Inc company reports)

URA continues to consolidate within broad range

Figure 6 – URA continues to consolidate sideways; watch for breakout above $24 (Author created with price charts from stockcharts.com)



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