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Uranium ETFS/Niger Coup
Posted on 7/31/23 at 9:44 am
Posted on 7/31/23 at 9:44 am
I made some money last year on wheat and nickel due to the situation in Ukraine.
This coup in Niger seems like a scenario where uranium prices may see a spike. Niger has the seventh largest reserves in the world.
Anyone else have any thoughts?
This coup in Niger seems like a scenario where uranium prices may see a spike. Niger has the seventh largest reserves in the world.
Anyone else have any thoughts?
4
Posted on 7/31/23 at 12:18 pm to Hayekian serf
Already overweight in the uranium trade but this is something to watch no doubt. An already fragile market with multiple tailwinds doesn't need too much of a push to send it over the edge IMO
Posted on 7/31/23 at 2:41 pm to Hayekian serf
Not following the space closely. But I do have a smallish position in URA in an investment account. I see that URA is up about 3.25% today. Maybe the recent rally has legs. Not sure.
Posted on 8/1/23 at 7:48 am to itsbigmikey
I’ve owned BHP for a couple of years.
But I’m thinking about adding some some URA to my portfolio.
But I’m thinking about adding some some URA to my portfolio.
Posted on 8/1/23 at 9:13 am to Hayekian serf
URNM and URNJ are pure play uranium ETF's for what it's worth
Posted on 8/1/23 at 10:11 am to Hayekian serf
There's a lot of risk when governments become unstable. There's a question of whether the production becomes part of the eastern (Russian or Chinese) sphere of influence. The value and production won't disappear but it might defraud investors of value if nationalization or sustained conflict occurs.
I think if we were dealing with a truly "risk on" market (rather than a market where most equities are flat and a few are significantly up) the Uranium market would be bubbling already.
What triggers a move seems like a multi billion dollar question. There are very few safe investments available. URNM, URNJ, SPUT, and CCJ are obvious plays to reduce risk (or gamble less aggressively).
I think if we were dealing with a truly "risk on" market (rather than a market where most equities are flat and a few are significantly up) the Uranium market would be bubbling already.
What triggers a move seems like a multi billion dollar question. There are very few safe investments available. URNM, URNJ, SPUT, and CCJ are obvious plays to reduce risk (or gamble less aggressively).
Posted on 1/9/24 at 4:41 pm to Hayekian serf
I heard about URA ETF on All In pod and their science guy, David Frieberg, picked URA as his 2024 winner. Said it might be a two year play or a five year play but this one is going to go strong given the growing popularity of nuclear power everywhere.
Posted on 1/10/24 at 7:06 am to Thundercles
URA has a better options market but if you want pure-play uranium I'd go URNM and/or URNJ
Posted on 1/10/24 at 8:06 am to Thundercles
It’s served me pretty well since that coup in Niger.
I’ve dipped in and out since then but I held it for a few months after the coup and did well.
I’ve dipped in and out since then but I held it for a few months after the coup and did well.
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