The "boom and bust" uranium market is still trying to find a bottom... Commodities like uranium are a good friend to the trader. They tend to go through great booms and great busts, which can be traded for profits. You simply have to get into the booms early... and avoid the busts. Uranium, which fuels nuclear power stations, is a major "boom" candidate right now. Our colleague and expert energy investor Marin Katusa points out that despite last year's nuclear disaster in Japan, energy-hungry nations like China, India, and Russia are carrying out massive nuclear energy programs. Meanwhile, supplies are tight and unlikely to rise anytime soon. The chart below displays the past two years' trading in Uranium Participation Corp. You can think of this security as sort of an ETF of physical uranium. As you can see, Uranium Participation Corp boomed in 2010... and then busted due to the Japanese meltdown. Shares are now trying to "carve out" a bottom around $5.50. Uranium's uptrend hasn't started yet...
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