Fwiw I decided to 'streamline' the nuclear energy holdings down from 4 to 2, so took modest profits in NLR and URNM, but will continue holding URA and LEU. These are small positions, but the two I sold clearly looked near term overbought, based on the charts anyway.
While unlikely, there is one nightmare scenario for the nuclear sector that could be imagined. One of the key attractions of joining BRICS is that Russia and China are building nuclear powerplants for these emerging countries. The prospect of cheap and plentiful energy is a huge draw, and for decades the US has been unwilling to do it. But with BRICS expansion becoming such an existential threat to continued US world dominance, how does the US derail BRICS expansion? One way would be to derail nuclear power as a viable option by engineering a nuclear power plant 'disaster'. For example, the power plant in Ukraine is blown up (blamed on Russia), and this disaster has a major chilling effect on nuclear power in general, since these plants are so vulnerable to drone attacks, acts of terrorism, etc. Not only are they vulnerable to attack, but the resulting radiation disaster continues for decades, or even centuries (Chernobyl). Anyway, this would be an extremely efficient way to derail both BRICS expansion and nuclear power generally.
Hopefully this scenario never happens, but better to not over-weight the nuclear power sector too much imo.
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