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Thursday, September 06, 2018 8:11:40 PM
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.
Recent URA News
- Defiance Launches the First 2X Leveraged Uranium ETF (URAX) • GlobeNewswire Inc. • 05/28/2024 09:00:00 AM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM