Thought I'd share this for potential consideration by those who are savvy investors... feel free to leave comments / questions / ideas
With uranium's late bear market cycle hitting what seemingly rock bottom, the future of investing in uranium could be mind blowing.
Top 3 reasons why uranium's future is bright:
Mass adoption of electric cars will significantly increase demand for electricity which at some point will require the most efficient nuclear-electric generation method
Uranium's last downturn cycle has driven some weak uranium explorers/producers out of business and contracting production capacity - it will not take much increase in demand to fuel the profitability of the remaining strong uranium miners
Multiple economic indicators globally signing incoming inflation and to name a few - rising long term interest rate, rising commodities prices, weakening US Dollar
Here's a graph of the uranium miners-tracking exchange traded fund - URA:
- Notice the multiple bottoms forming, and
- Concentrated volume indicating potential massive accumulation by smart investors
