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Strategies & Market Trends : Value Investing

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To: FIFO_kid2 who wrote (72424)	2/25/2023 1:31:23 PM
From: Paul Senior	Read Replies (1) of 78669

Uranium. I'm going to believe the price of uranium will continue to increase because the demand for it will increase in new nuclear power plants and current plants. Sprott Uranium trust buying physical uranium has forced the price of uranium a lot higher (50%)? I can't see that. Doesn't seem like the trust owns that much uranium. If true though that Sprott can drive the price higher, wouldn't that suggest we're at the margin where there's just not a lot of uranium out there for sale. (Given Sprott's "small?" buys able to push up the price). This would be a positive if utilities and new developments themselves, eventually require more uranium. I will take a small position in SRUUF, Sprott Physical Uranium Trust Fund. I'll consider too the Sprott Uranium Miners ETF (URNM) (mentioned earlier), but in general I'm not a fan of etf's.

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