Friday, January 29, 2016

Uranium

Will use this blog to keep track of the uranium.

Articles:  20150918  
                ETF
Forbes article 
http://www.marketwatch.com/story/uranium-poised-to-rebound-post-fukushima-2015-09-18
http://www.forbes.com/sites/michaellingenheld/2016/01/12/uranium-bullish-despite-oils-weakness/#469276bf489b

Price chart. From 60 to 27 to the current 35. Should have bought it when it was at $27. Bad news for the industry (with Japan's problem) could be good news to investors. A lot of gut for contrary investing.
http://www.indexmundi.com/commodities/?commodity=uranium&months=60

I have an interest on uranium for the long-term investing. China with 20 or so nuclear generators on-line by 2020 would boost the price of uranium. I have never invested in this commodity and at this stage I am gathering info. and trying to convince myself to pour some money on uranium. It seems little risk for the commodity. Mining could be a different story as they need to survive with the current depressed prices.

Update 2/1/16. Take a pass on this one now. The only ETF with over 100M is URA. It comprises of many miners. Will review it again in a year.

2 comments:

  1. I just wanted to say, I love your blog! Keep writing :)

    ReplyDelete
  2. I agree with Jordan! Thank you Mr Pow!

    ReplyDelete