Thanks for writing this up. Will you be making any specific buy recommendations? I don't really understand the ups and downs of the uranium market, but started a small position in Cameco (CCJ) last year simply because of the massive change in attitudes toward our need for more nuclear power plants. Since it's been taking about 10 years to build a new power plant, there could be a long wait before those plants need to buy uranium for fuel, but it seems inevitable in the long run.
CCJ is very high priced and I suppose it will take a big hit if we go into recession. Do you have some better ideas?
Thanks for reading, as always, Al. We’ve got a few uranium positions in the Crisis Investing portfolio, but I can’t share them here (wouldn’t be fair to paid subscribers). That said, CCJ isn't a bad place to start. But it’s not cheap, as you said, so I’d only add on dips.
I entered the uranium trade in 2020 (missed the initial moves off the bottom), & I still haven't sold.
It has been life changing, allowing me to quit my job and move to The Southern Cone - however even though I am still up a few 100%, I saw my networth get cut in HALF in 2024 as the spot price retraced 😂
Holding on for dear life in 2025 and hoping we get to north of 100 lbs 308 again, I think it would be silly to consider selling before 120lbs, to seems like musical chairs to me, they have to run out of pounds eventually!
Thanks for sharing—great stuff. Though you might have a bit too much in if a price drop could cut your net worth in half. Make sure it’s not costing you sleep. Cheers.
Hi Lau, thanks for the insight…its always difficult to get on board when everyone is believing it’s a “slam dunk” (think lithium over the past year, and gold miners relative underperformance to the gold price), but uranium definitely appears plausible enough at this time. PDN:AX recently also announce lower production and their share price was smashed (which doesn’t mean they won’t recover, but it won’t be an easy ride)… Keep up the great work!
Yeah, I see what you mean—good points about lithium and especially gold. We’ll see what 2025 brings, but uranium is definitely one of our highest-conviction trades this year and beyond. Hence the piece. Thanks for reading!
Thanks for writing this up. Will you be making any specific buy recommendations? I don't really understand the ups and downs of the uranium market, but started a small position in Cameco (CCJ) last year simply because of the massive change in attitudes toward our need for more nuclear power plants. Since it's been taking about 10 years to build a new power plant, there could be a long wait before those plants need to buy uranium for fuel, but it seems inevitable in the long run.
CCJ is very high priced and I suppose it will take a big hit if we go into recession. Do you have some better ideas?
Thanks for reading, as always, Al. We’ve got a few uranium positions in the Crisis Investing portfolio, but I can’t share them here (wouldn’t be fair to paid subscribers). That said, CCJ isn't a bad place to start. But it’s not cheap, as you said, so I’d only add on dips.
I entered the uranium trade in 2020 (missed the initial moves off the bottom), & I still haven't sold.
It has been life changing, allowing me to quit my job and move to The Southern Cone - however even though I am still up a few 100%, I saw my networth get cut in HALF in 2024 as the spot price retraced 😂
Holding on for dear life in 2025 and hoping we get to north of 100 lbs 308 again, I think it would be silly to consider selling before 120lbs, to seems like musical chairs to me, they have to run out of pounds eventually!
Thanks for sharing—great stuff. Though you might have a bit too much in if a price drop could cut your net worth in half. Make sure it’s not costing you sleep. Cheers.
Good read, and good info! Thank you for the timely advice. Uranium is needed badly, and the US just does not get it, under the present regime.
Well, it seems that’s changing, and so is the current regime.
Hi Lau, thanks for the insight…its always difficult to get on board when everyone is believing it’s a “slam dunk” (think lithium over the past year, and gold miners relative underperformance to the gold price), but uranium definitely appears plausible enough at this time. PDN:AX recently also announce lower production and their share price was smashed (which doesn’t mean they won’t recover, but it won’t be an easy ride)… Keep up the great work!
Yeah, I see what you mean—good points about lithium and especially gold. We’ll see what 2025 brings, but uranium is definitely one of our highest-conviction trades this year and beyond. Hence the piece. Thanks for reading!