Newswire

downarrow

Omar’s Quick Chart – Uranium is the talk of the Street

Markets photo

The strong recent performance of uranium stocks has caught Wall St.’s attention, with a growing narrative taking hold of an heavily skewed supply/demand imbalance leading to ever stronger uranium prices, the product of years of lowered production and dwindling inventories colliding with growing demand mandated by green policy initiatives from governments.  To me, the jury is still out as to whether there will be a concerted policy turnaround in the developed world towards nuclear policy (ex-France) after so many years of underinvestment and mothballing of reactors, not to mention the scarring of public perceptions from accidents such as Fukushima.  One thing I think we can be reasonably sure about is that with a large price-insensitive buyer of a commodity like we are seeing with the Sprott Physical Uranium Trust, the recent logarithmic price action in uranium is what you get when a tight market gets squeezed or even cornered. Bloomberg news article.

Share on linkedin
Share on facebook
Share on twitter
Share on print
Share on email

Recent Posts

Federal Budget Commentary

Economic and Tax Highlights from the 2021 Federal Budget “The truth is that the tragedy of COVID-19 has created a window of opportunity.” On April

Read More »

The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. Graphs, charts, and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Wealth (WAPW), Wellington-Altus Private Counsel (WAPC) and Wellington-Altus Insurance Inc. (WAII). Wellington-Altus (WA) does not guarantee the accuracy or completeness of the information contained herein, nor does WA assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact your financial advisor. WAPW is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

©2021, Wellington-Altus Private Wealth Inc., Wellington-Altus Private Counsel Inc. and Wellington-Altus Insurance Inc. ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION.