Metals on the Move: Major uranium ETF breaks out, but what's next?
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
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:
Overall, the uranium market is still very long-term bullish, but investors should be aware of the potential for short-term volatility.