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Did anyone get in on uranium stocks in 2022/2023? Login/Join 
If you see me running
try to keep up
Picture of mrvmax
posted
If so you are having a good day with your stocks.

I know I mentioned them in a thread before but I cannot find it now. The Cameco stock is up 117% in the last two years, 321% in the last 5 years. Denison Mines is up a paltry 43% in the last 2 years and 302% in the last five years. Sprott Physical Uranium Trust SREUUF is up 103% in the last two years and 158% in the last 5. Sprott's miners ETF URNM is up 54% in the last two years and 340% in the last five years. Not bad returns and I have made good money off these.

Spot uranium is around $100 a pound and was a little over $20 a pound five years ago. Today was a big jump in price for uranium stocks, hopefully some people here got it on it in the past when I mentioned it. I think they will continue to climb, mainly because the uranium gurus (Rick Rule and others) claim it will (based on world supply and demand for uranium).

Buying uranium stocks is one piece of financial advice I am glad I took from someone else. The majority of my gains in the last three years are from uranium, the rest are from oil stocks during covid (which I got out of a while back) when oil dropped below zero.
 
Posts: 4260 | Location: Friendswood Texas | Registered: August 24, 2007Reply With QuoteReport This Post
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I bought as much oil stocks as I could when it was below 0. Spring 2020 was a great time to buy most everything. I felt for some reason the market was way oversold and covid would be nothing. Oddly not sure I’d feel the same way today given another mass sell off
 
Posts: 5048 | Location: Florida Panhandle  | Registered: November 23, 2008Reply With QuoteReport This Post
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