The uranium spot price broke out two weeks ago, and has risen quickly (maybe too quick?). We look at the long term trends in this market, both uranium spot and two uranium miners.
Sprott (the natural resources fund in Canada from billionaire Eric Sprott) decided to ‘hack’ the physical uranium market.
The monthly uranium chart shows a phenomenal breakout.
We decided not to enter the uranium market in our mid term oriented Momentum Investing service. However, long term positions in the uranium market may be justified. Watch out, though, there are some really small cap stocks in uranium that can be very volatile (especially when this bull run takes a pause).