Global X Uranium ETF (URA)

[Mean Weimaraner]

$31 next week… easy 100% with the 2/16 $30 calls at .40

Uranium is violent and for good reason

[joe_techi]

52 Week Range $18.31 - 29.49
https://stockcharts.com/h-sc/ui?s=ura

[kegun]

Sorry UEX

[kegun]

And why is the UEF board not open for posting?

[kegun]

Why the difference in share prices?

[makinezmoney]

$URA: Dammmmmmn................ almost 10% mover today


Now thats a rare sight.


Whats causing this



Now at $26.40



GO $URA

[BottomBounce]

Cobalt, uranium and silver prices expected to rally in 2019 $SLV $URA
http://www.mining.com/cobalt-uranium-silver-prices-expected-rally-2019/

[Destinator]

What one expert thinks of URA.

Click here for Mike Alkin's thoughts on URA

[Destinator]

Can someone please please please explain to me why Barrick Gold is the #7 top holding of what is supposed to be a Uranium/Nuclear ETF?

21.99 CAMECO CORP 11.79 5,795,632 68,302,379.09
8.20 NEXGEN ENERGY LTD 2.09 12,221,898 25,483,446.76
6.86 URANIUM PARTICIPATION COR 3.62 5,884,563 21,294,142.76
4.52 MITSUBISHI HEAVY INDUSTRI 37.93 370,030 14,034,328.83
4.42 HYUNDAI ENGINEERING & CON 45.97 298,808 13,736,777.71
4.25 ITOCHU CORP 17.87 738,970 13,203,676.67
3.93 BARRICK GOLD CORP 13.03 935,830 12,193,864.90
3.92 MACQUARIE GROUP LTD 82.08 148,153 12,160,749.62
3.90 GS ENGINEERING & CONSTRUC 35.25 343,782 12,119,689.62
3.89 DAEWOO ENGINEERING & CONS 4.18 2,887,228 12,071,142.35

[Destinator]

Can someone please please please explain to me why Barrick Gold is the #7 top holding of what is supposed to be a Uranium/Nuclear ETF?

21.99 CAMECO CORP 11.79 5,795,632 68,302,379.09
8.20 NEXGEN ENERGY LTD 2.09 12,221,898 25,483,446.76
6.86 URANIUM PARTICIPATION COR 3.62 5,884,563 21,294,142.76
4.52 MITSUBISHI HEAVY INDUSTRI 37.93 370,030 14,034,328.83
4.42 HYUNDAI ENGINEERING & CON 45.97 298,808 13,736,777.71
4.25 ITOCHU CORP 17.87 738,970 13,203,676.67
3.93 BARRICK GOLD CORP 13.03 935,830 12,193,864.90
3.92 MACQUARIE GROUP LTD 82.08 148,153 12,160,749.62
3.90 GS ENGINEERING & CONSTRUC 35.25 343,782 12,119,689.62
3.89 DAEWOO ENGINEERING & CONS 4.18 2,887,228 12,071,142.35

[joe_techi]

That was more than a 52 week low. Picked up a couple more at 11.57

[Destinator]

They continue to invest in Barrick Gold for some reason. A Uranium ETF with Barrick encroaching on the top 10 holdings list is odd to say the least.

[joe_techi]

Reloaded the trader shares here

[joe_techi]

URA is unaware of the imminent uranium bull market and the rising spot price.

[alibongo888]

Those type of gains are nothing in comparison to the potential gains that UEX are going to embark upon. It's a compelling and growing story which is flying totally under the radar of the main stream Investment Community WHY UEX?

UEX Location
Athabaska Basin - Saskatchewan Canada

UEX's Christie Lake 20% Uranium holes lie directly between Cameco's largest Mines

Cameco's McArthur River UEX Christie Lake 20% U308 holes Cameco's Cigar Lake

That's very important

TWO Mints in ONE

Uranium - High Grade 86 Million Lbs soon to exceed 100 Million Lbs that is 43-101 compliant

Cobalt - High Grade 'Open Pit' amenable with > 3 Million Lbs that is 43-101 compliant

EV REVOLUTION WILL BRING UNPRECEDENTED DEMAND FOR COBALT

Updates on lbs are due and it's like buying property, it's all about the; Location, location, location

The reality is that all of us contrarian investors are able to buy this great stock at a discount to where it should be trading and before long will be trading.

Potentially this is a Retirement Stock. Last Bull Market UEX done over 15,000% ROI over 4 years.

If that's repeated even a modest investment could be life changing.

The reality is UEX is really undiscovered in the mainstream investment community and that is its greatest gift to you right now and one that will pay you big money. ROI.

As the next bull run emerges and U juniors like UEX come onto the investment radar of the masses exponential gains will follow, so enjoy this life changing opportunity as the window is closing.

Just my thoughts. Enjoy the ride. It's not every day you discover a hidden gem.

[Destinator]

It is one and the same company. UEXCF is the American Listing. UEX is the company name and the Canadian Listed Symbol as well.

Investor's hub advised me that it does not allow more than one board for any comapnay so they shut down the UEXCF board.

[joe_techi]

You got my UEX vote. I am aware of Sprott, mainly name and some commentary recognition.

Looking at UEXCF now. Some nice swings in the chart. Is it still 348M outstanding? Have any idea on the float?

RNX looks like 377M outstanding and 349M float and it moved as it did. Potentially comparable. Surprising (to me) to see those type gains with that float count.

[Destinator]

Here is one more Uranium site that might help you.

Sightline Click here

While you are at it can I get you to vote for UEX in the POLL? LOL

If you want to see a recent home run in nickel T-RNX made 5X gain over the past two weeks from $0.09 to $0.56 CDN. Volume over those past two weeks was in the mega millions each day. That is 500% in just two weeks. They have roughly the same number of outstanding shares as UEX has.

The irony is that they made it on the basis of Gold that they found below a former Nickel mine. Nevertheless, it is is a recent example of how fast these stocks could move into big multiples.

So Uranium Stocks are still in the infancy but when you look at the Uranium Spot and Long Term projections from Sightline you could see why people are starting to get excited.

BTW - Sprott financed RNX and UEX as well. I assume that you are familiar with Sprott and Rick Rule.

[joe_techi]

Thanks. Will check them out. Earlier today I took a look at Quakes99 feed. Raised my enthusiasm for uranium (and for miners). I have noticed the cyclic nature of several commodities/sectors over the past couple years and have benefited by trading the chart visuals. Nickel was a great one for me also but UNG, OIH, etc. These have all been "singles" with an occasional "double" trading gains (and some stop losses, full disclosure). A home run would be great. That is why I implemented the "sell 75%, hold 25%" strategy while buying low and selling high in a perceived channel. Will have that 25% portion in case something really pops. GLTU

[Destinator]

The only place I know that you can find the most current spot price is the quakes99 Twitter board. I'm not sure where he gets it but he usually posts it close to closing time. The other place is the Nymex Uranium Futures Price update but that does not reflect SPOT. It reflects Uranium Futures which usually closely resemble spot.

You can also see the Futures on Barchart but only after close of markets - usually at around 6 PM Eastern Time. The Spot is more true that the Futures but they have run in very close correlation for the past year at least.

Barchart Click Here

[joe_techi]

Thanks for the DD/info. I will keep better track of the spot price as correlates to URA. Might consider adjusting my buy/sell triggers as well

[Destinator]

I was surprised to actually see URA climb back up early. If you follow the Uranium Market, you might want to check out quakes99 Twitter. The Uranium industry has woken up this year. Many conferences, and new funds are being set up. Frankly I like the individual Uranium Stocks but URA's rebalancing has really put the brakes on them until now. The new Uranium Only funds being discussed/planned could take investors away from URA which is why I thought its share price would fall to the targets you mentioned in your earlier posts.

However, the spot price of Uranium keeps increasing and no Long Term Uranium contracts are being signed by the mining companies as long as the price of Uranium is too low to make a profit. This could be good for URA now that they have sold off most of the mining stocks that they had to for the purpose of rebalancing but they would have likely done better had they held onto all of their Mining stocks. Once the Spot Price rises to a certain point, the Nuclear Plant Operators are going to react and start buying up Long Term Contracts at whatever price the Miners ask. That is why the Uranium Mining companies and URA are expected to really take off.

I'm just a bit surprised how inactive the USA boards are on the Uranium front which is why I reached out. It seems that there is little to no intrest other than that shown by you.

The Uranium story is really building all around the world and the last time this happened, investors made 10X 20X and even 50X their money on Uranium Mining stocks in just a year or two. As an example, UEX went from $.07 CDN to over $9.00 CDN. It is now back at $0.20 CDN and has more Uranium than before. Yes UEX now has more shares but it also has some of the world's highest grade Cobalt which is expected to be spun out into a seperate listing but only few are paying attention.

Americans are highly dependant on Uranium and they really would be well advised to start paying attention to this evolving story. I'm not sure how to get it out there other than what quakes99 on Twitter is doing and what I do on these boards here. As you probably know, once these stories get out, stocks take off like rockets and don't look back for several years.

I can't imagine why URA decided to reduce their Mining Stock holdings a this important time in Uranium's life cycle. In any case, if you are American, you are ahead of the game.

[joe_techi]

You heard from me already. I have two accounts, one waiting to sell (bought 12.07 ave pps) and one waiting to buy (as I sold 75% at 14.24 so hold the remaining at 5.16 pps and looking to reload). Up or down I have a plan

[Destinator]

CCO and URA are off to another good start this morning. Is big money coming back into the Uranium market. I certainly looks like it.

There are 9 followers of this board. Can any of you let me know if yor are still reading accessing the URA board?

[Destinator]

This graphic depiction of Uranium Events was found on the quakes99 twitter discussion board. I think all URA and Uranium Mining investors would be well advised to view it. The originating source is TD Securities. They saved me the work of doing this one day. Thank you TD Securities and thank you quakes99 for bringing it to our attention.

[Destinator]

Re my previous post. I meant to say $12.75 USD.

[Destinator]

URA is up today but wearing a $12.75 CDN cap. Oh those algorithms. They just can't be programmed to think for their investors.

OOOPS! I posted too soon. No sooner did I post when the cap was lifted.

Lucky for Investor Hub's 15 minute allowance to correct posts.

[Destinator]

URA is showing signs of strength these past few days. It seems to be reacting to the Spot Price. Its asset value is still down for the month of September but has risen by $9million over the past two days even though its cash position is negative. I'm not sure how an ETF cash position goes negative like that. I'm wondering if this is a result of the two days that it takes for the settlement to take place on the Canadian Exchange. Does anyone know?

[Destinator]

Upward spike today in URA and Cameco today. This is something that has not been seen in some time. Perhaps the SPOT price is moving up again.

[Destinator]

ETF Trends on URA - Click Here

I found the above link while visiting quakes99 on Twitter. No mention of Barrick Gold being part of the new index.

[Destinator]

QUESTION: URA currently holds 1.95% of its holdings in Barrick Gold which is well below the New target of 4.19%. Nevertheless, why does the new Uranium/Nuclear Index include Gold Stocks? Can anyone answer that question? I cannot find any announcement by Barrick that they are mining or finding any Uranium and even if they are do they have anywher near the amount that some Uranium Mining companies have? I just don't get it and would love to understand the rationale for this decission by the Index setters.

Uranium prices continue to rise. Yesterday Spot Price was up another $0.30.
See Twitter Discussion here

Why is URA share price falling while the price of Uranium is bouncing back up higher with each passing week? Could it be because of their large reduction in the Uranium Mining shares? I think it is and if URA was to announce that they were going to go back to the old INDEX, their shares would skyrocket. It makes no sense to stay the current course.

[Destinator]

I've been tracking URA's rebalancing efforts especially as it pertains to UEX. Many who understand the UEX story are frustrated at how the URA rebalancing took the steam out of an incredible Uranium story that is unfolding for UEX. The rebalancing knocked the wind right out of the UEX sails.

In doing so, I notice that URA's share price itself has been taking a hit since Global X reported its intent to rebalance. I suspect the people are selling their holdings and investing their money directly into some of the better known Uranium mining companies so your $11.00 buy target may not be too far off for you. There are many people scratching their heads over the way the rebalancing was carried out. That said, once the rebalancing is finished some may return to URA but I suspect that they will be more inclined to wait for the Uranium Price to increase substantially first. It is entirely possible that both may happen at about the same time.

One of the things that I really don't get is why the New Index being tracked by URA contains 4.17% of Barrick Gold. People investing in an ETF with Uranium in the name surely expect that their money will be invested in Uranium and not GOLD. There are other ETFs which invest in Gold. That is a real headscratcher that noone can provide a clear explanation for as of yet.

I'm glad to see someone is looking into this boaard because rebalancing or not, Uranium is getting ready for a major ride up.

[joe_techi]

Can't help you but appreciate the enthusiasm and DD. I only trade the chart. Buy in the 11s and sell as high as I can, then repeat. I always hold on to a core amount so my average pps is low (lower than 11). Seems pretty cyclical. Long term swing trade, good for a couple bucks once or twice a year. Looking to reload soon. GLTU

[Destinator]

There are nine followers showing for URA and 6 for UEX. If any of your are still following, I would love to hear from you on this or the UEX board. Looking forward to hearing from you especially if you have views on the re-balancing of this Uranium ETF.

[Destinator]

URA has not reduced its holdings in UEX as quickly as it has some other Uranium Stocks. Does anyone have any theories as to why this is case? I think it may have something to do with the potential for a Spin Out of the High Grade Cobalt property into a new and seperate company.

Phase I of the URA re-balancing has come and gone.

Does anyone know if URA has a deadline with Phase II to meet the new INDEX targets?

Does anyone know what the difference is between Phase I and Phase II? Does anyone know if there is a Phase III scheduled?

Has anyone seen anything similar to what Sightline issued shortly after Phase I was introduced?

Thank you.

[Destinator]

[joe_techi]

Suddenly got some legs today. Hope to break through the low to mid 14s for the next leg up

[joe_techi]

Getting some legs? 14.25 and 15 levels look key next for upward movement

[slmlrd]

Great 20's coming!

[slmlrd]

Watch the birdy fly now.

[slmlrd]

I'm sorry, but she's flowing nicely now. 21.25 target.

[slmlrd]

Nice weekly close coming.

[slmlrd]

Divy players to mono players equate to bingo.

[slmlrd]

We may get that tomorrow if the Dow is down or flat.

[slmlrd]

Smart play by you. A %25 move is not huge. I think we blow to 21.25

[slmlrd]

IMO this will go higher and then retest that support level. Remember we're in beast mode after month of drips going down. We need a million share day.

[PennyStockTrader2]

Whenever something jumps that much from the bottom, though it may pale in comparison to the future I dont know, I take some off the table which I have done, but I am loaded and will hold for now. My remaining 33 options control $46K worth of this stock which is plenty for me for the time being.

[joe_techi]

Where do we get to short term? Looks like resistance at 14.82 or so and then 15.30s? Get through that and a shot at the 18-19 realm

[slmlrd]

I hope you're hanging on for the quick ride back up.

[slmlrd]

Sure IS$$$$$