Critical to hold the lows in stocks like DNN UEC UUUU or we will see the next band of support tested. Hope you have a bit of cash to buy some of these upcoming bargains. Up only right? DNN 1.07-1.17 if we can't hold $1.30.
Feels like we are now into pump & dump land. Uranium has that stigma. Remember when the Chinese had a radioactive leak and the markets started dumping. Then they found out it was just a problem with an automated valve. . .
When I was young greenies of the day were predicting a nuclear winter was on the horizon and that we needed to focus on coal instead. Some nuclear power constrution was actually abandoned too. Opec and the oil embargo furthur indicated that coal was teh way to go for the USA to get energy independance. Well now the new greenies say coal is bad and we need nuclear. What a switch meaning to me that there are insiders that will pull in a lot of taxpayer money to fund the changeovers once again. I am done with my rant and here is some investment porn reletive to nuclear energy.
This Should Be Your No. 1 Commodity Investment for 2022
BY AMERICAN CONSEQUENCES
WEDNESDAY, JAN 05, 2022 - 12:08
By Kim Iskyan
You don't have to care about global warming to consider investing in clean energy...
Forget that 19 of the 20 hottest years in history have taken place over the past two decades. After all, even the worst-case predictions will take nearly 100 years before the 3 billion people living in coastal areas will be underwater. And it'll take at least 50 years before Sahara-like hot zones cover around 20% of the Earth (compared with just 1% now).
But you do have to recognize that the world is going to need more power... and soon.
Global electricity demand will double over the next 30 years as people in developing countries acquire the same toys and habits as people in rich countries.
Today, the average person in China consumes around one-third of the electricity of someone in the United States... the average Indian, one-tenth. It won't be long before they, too, buy fridges the size of walk-in closets, view long hot showers as a birthright, and keep the air conditioning running 24/7.
Fossil fuels alone won't cut it.
Same with wind, solar, hydrogen, lithium batteries, or millions of mice on tiny tricycles. It won't be enough.
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Nuclear Power: There's No Real Choice
Nuclear power provides around 10% of the world's electricity... and roughly 20% in the U.S. That's about twice the combined contribution of solar and wind.
That's a fair amount... But increasingly, it faces challenges from "not in my backyard" nuclear protestors as well as the coal and oil lobbies – which know a threat when they see it. And of course, the occasional nuclear meltdown casts a pall over things.
Popular perception of nuclear power's safety is divorced from reality.
It's like air travel. You're about 100 times more likely to die (per mile traveled) in an auto accident than in a plane crash.
In fact, nuclear power saves lives compared with the alternatives. One study found that Germany's phaseout of nuclear power plants – in reaction to the Fukushima accident – in favor of coal-fired power has caused more than 1,000 additional deaths per year due to higher air pollution.
The human race is between the "rock" of global warming and the "hard place" of the need for more power. There's no choice: It has to be nuclear.
The price of uranium has been slowly reflecting this reality. It's doubled since lows in 2016, and it's up nearly 50% in 2021, to around $44 per pound.
But that's still a long way from its peak of $140 a pound in 2007.
Shares of Cameco (CCJ), the world's biggest publicly traded uranium company, have more than doubled over the past five years. And they still trade well below half of 2007 highs.
It costs uranium miners around $60 per pound to get the stuff out of the ground. The cost of uranium languishing below that level for years has resulted in most uranium producers going bust – or being bought for pennies on the dollar by wealthier competitors.
At some point, either the lights will go off... or uranium will have to cost a lot more – it shouldn't be long before uranium gets back up to the $60 level, and keeps rising as nuclear continues to gain currency as the real clean energy.
And there's a potential near-term boost for uranium from the biggest trend in investing...
$17 Trillion in Allocated Money
Applying an environmental, social, and governance ("ESG") lens to investments is big money. Already, around one-third of all money professionally managed in the U.S. – including exchange-traded funds ("ETFs"), mutual funds, hedge funds, and pension funds – is being allocated under ESG criteria... or roughly $17 trillion. That's soared by more than 40% in just the past three years.
But nuclear power and uranium occupy a fuzzy, gray area in ESG investing...
Some investors lump nuclear weapons together with nuclear power since they both use uranium. Others point to the longevity of nuclear waste and shy away.
But it's likely only a matter of time before the wall of money in ESG funds reevaluates nuclear and uranium companies, as the definition of what's "sustainable" evolves.
One recent sign of this: The European Union – one of the more strangled-by-red-type organizations you'll ever come across – just last week moved to include nuclear power under a "green" classification structure... It's a small step, but one that reflects a shifting attitude toward nuclear.
Nuclear is, by far, the "greenest" source of energy. And similar to when a new stock entry is added to a big index – and ETFs that follow the index rush to buy shares – the slow admission of nuclear and uranium companies to the ESG world will bring about a dramatic increase in investor interest in the sector.
The easiest way to invest in uranium is through a New York Stock Exchange-listed ETF, the Global X Uranium Fund (URA). Two of the largest uranium producers, Canada's Cameco and Kazakhstan's Kazatomprom (KAP), are URA's biggest holdings, and together account for around 40% of fund assets.
Last year, the fund climbed more than 50%. And it's pulled back a bit since its November highs. It's worth watching closely, but we suspect it could continue to consolidate its gains in the coming weeks. Once it does so, uranium stocks could be ready to make another major run in 2022.