Uranium: 12 Years in the Desert (and I’m not talking yellow cake)

The after effects of the bubble labor on and on. Source: Cameco

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Those giddy times when they went all in with the “original Uranium bug” AKA Dines manning the pom poms are a distant memory. I don’t think the need for nuclear power is going away and I do think the supply overhangs will go away some day. But boy it’s been 12 long years in the desert.

Here is a monthly chart of the Uranium fund. Nice timing on the fund’s introduction, Global-X. We track a daily chart of URA each week in NFTRH, but as yet it’s bounce>pullback>bounce>pullback>bounce…

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