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Metals on the Move: Major uranium ETF breaks out, but what's next?

Commentaries & Views

I'm still very long-term bullish on the uranium market. However, in the short-term, I'm slightly more bearish. I believe that people are going to start taking profits following the major move up in uranium prices.

My plan for taking profits is to sell a portion of my uranium holdings into strength and then cycle those profits back into the position when the time is right. I believe that this is the best way to maximize my returns in the long run.

So, what should investors do now? If you're long-term bullish on uranium, I recommend holding your position and taking profits into strength. If you're short-term bullish on uranium, you could consider selling a portion of your position and buying back in on a pullback.

Here are some additional things to keep in mind when investing in uranium:

  • Uranium is a cyclical commodity, meaning that its price goes up and down in cycles.

  • Uranium prices are driven by the demand for nuclear power.

  • The demand for nuclear power is expected to increase in the coming years due to the growing need for clean energy.

  • The supply of uranium is limited, which could support higher prices in the long run.

Overall, the uranium market is still very long-term bullish, but investors should be aware of the potential for short-term volatility.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.