Or is it too late and the run up has already occurred?
Can you suggest an entry point for both?
Many thanks
It is always hard to predict commodity moves, but the underlying trends for uranium have not changed much. Demand is expected to continue to increase. There are potentially new supply pools coming on stream, and like with any commodity, recent price gains are encouraging more production. But, if we look out a few years, reserve depletion is likely to occur, and new technology is needed to unlock secondary supply chains (i.e. recycled nuclear materials). So all in, we do not think it is too late, but we might not expect the same type of gains as in the past year. The two ETFs are different in that HURA owns sector stocks and U.UN is a pure commodity play. HURA has outperformed, but stocks typically have more risk. We would be OK owning both. HURA does have 15% direct commodity exposure as well. HURA $45; U.UN $24.75