Jon Steeler Posted January 29, 2020 Share Posted January 29, 2020 Is Uranium, and more specifically the global x uranium etf about to shoot up? considering it is currently at such low levels. It seems to be the way with a lot of the Uranium assets right now, any information is welcomed! Quote Link to comment Share on other sites More sharing options...
0 Sam Farrah Posted January 29, 2020 Share Posted January 29, 2020 Hi Jon. Technically Uranium stocks and Uranium itself is extremely undervalued in my opinion. Especially when we consider the fundamentals and macros behind the commodity itself. I believe I am right in saying that China is building new power plants that require Uranium at a rate of once a week. And nuclear energy as a whole is making strides forward which is increasing the demand for uranium. There are other factors at hand here but these are the main ones I would be looking at. Now if we combine those fundamentals with the technical analysis we can assume that uranium is extremely undervalued. However, there may be some other underlying factors as to why it is valued so low currently. While it's my opinion that i am expecting a rise in the price at some point this year, I would urge you to look deeper into the fundamentals behind the commodity to come to your own conclusions. Quote Link to comment Share on other sites More sharing options...
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Jon Steeler
Is Uranium, and more specifically the global x uranium etf about to shoot up? considering it is currently at such low levels. It seems to be the way with a lot of the Uranium assets right now, any information is welcomed!
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