again the fundamentals couldn't be better in the uranium sector. like spirituality for me at least it can help a lot to see where reality lies. not whats hyped. not necesarely whats popular. and last but not least what may not be politically corrrct.
todays world people survive in huge numbers due to access to reliable, base load power. statistically speaking uranium is the safest and that includes wind and solar. i do think at some point baseload power will become available from wind and solar. vanadium looks like may wind up the benefactor of such. vanadium batterys are big and hunky, not good for cars and phones, but as a storage facilitator of wind and solar may wind up the winner.
petition 232 for domestic uranium miners is still a strong possibility. having a secure power grid is very important for maintaining human life. relying on 98 percent foreign born uranium is not a secure way of sustaining human life. when power goes out people can die for various reasons. think hospitals and the like.
for believers of carbon dioxide destroying the planet. nuclear provides 60 percent of all carbon free power.
due to over supply from the last bull market and other things spot price is still below mining cost. mining industries are naturally highly cylical. boom and bust. uranium being the most cylical.
some think we are in the beginning of an uranium bull market. some believe petition 232 will be put in place soon. requiring 25 percent of uranum coming from domestic miners for us power plants.
two that i know of. energy fuels and western uranium have both uranium and huge amounts of vanadium.
knowing this i spread my bets mostly in the usa. with a bit more concentration on westrrn and energy fuels.
turn on the television. go on the internet. go anywhere and read about investments and speculation. main stream you'll hear about tech and cannabis. 401k's and so on. you wil have to really dig before you run into uranium.
its the same everywhere. spirituality, speculation, anything. its my belief and what has worked for me in life is trying to find that pond where nobody is fishing.
thus far im waay up everwhere. by far the biggest winner 5X from western uranium. a tiny company market cap wise. diamond in the rough.
could very wel wind up a false start. so now im just looking at another nobody has caufht onto yet. not putting any more money into anything else.
could very well be another year or two before uranium gets to where it needs to be for the supply to be maintained for the powerplants. most believe that is $60 plus a pound.
video from an x hedge fund guy explaining the dymanics.
https://youtu.be/vuQkWrnWvww
i dont suggest anybody copy me. do your own research. i dont personally throw money at things i cant afford to lose.