Spotlight Weekly – A Baby Bull Market in Uranium
A Baby Bull Market in Uranium
There is a newly minted bull market in natural resources. Uranium prices have doubled since 2020, as you can see in this chart:
And there are a lot of factors indicating that this trend will continue. I’m not going to list them all here now, but I promise you the next Spotlight issue will go into detail.
The good news for us is that we have time to make money on this uptrend. You see, uranium is just coming off a lost decade. The chart below shows the performance of the premiere uranium producer, Cameco (CCJ) compared with the S&P 500 Index.
Warning… it’s ugly!
The thing to notice about this chart is the performance of Cameco’s shares from 2020 to today: It’s rising. And all signs point to that trend continuing.
That’s why we’re looking for great investment ideas in the uranium space right now. We’ll have more for you in the next issue.