Chris Curl,
Editor
Aug. 8, 2024
Just a few days ago it appeared that the world was ending.
Nearly $4 trillion was wiped out of the crypto and equity markets propelled by the collapse of the Nikkei.
This was due to the BOJ raising interest rates which unwound the Yen carry trade that kept so much of the Japanese and global markets flush with liquidity.
History tells us that similar global economic crises are great for commodities.
Uranium, in particular, has held up relatively well against the current market selloff.
3 Uranium Stocks To Power
Your Portfolio For Years (100,000%+ Gains)
It’s clear that right now is the time to add carefully selected uranium stocks to your portfolio during this nuclear melt-up.
Uranium stocks have the potential to generate massive fortunes for investors in a short period of time. Gains like:
Laramide Resources – 30,800%
International Enexco – 114,300%
Paladin Energy – 130,400%
Those last two could have allowed you to become a one-stock millionaire with just a $1,000 investment.
This market phenomenon has only happened twice before, and the current melt-up could be larger than both of them.
Go here for the full story and the top 3 Uranium stocks for your portfolio.
This is due to a combination of supply constraints, rising demand, and geopolitical factors. As many countries pivot towards cleaner energy sources, the demand for nuclear power is increasing, positioning Uranium as a crucial component in the transition to sustainable energy.
Additionally, supply disruptions, such as mine closures and geopolitical tensions in key producing regions like Russia and Ukraine, have led to tighter market conditions. Investors seeking to hedge against inflation and diversify their portfolios are increasingly turning to these assets, further bolstering their resilience during times of market volatility.
Regardless of what the markets do over the next two years, everyone is going to need electricity – both for personal and industrial uses. EVs are everywhere and thirsty AI data centers are springing up left and right.
Long-term uranium contract prices have surged to levels not seen in over 16 years, driven by supply uncertainties and heightened demand from utilities expanding capacities for AI data centers. Current term prices are approximately $79 per pound, marking the highest rates since 2008, with most projections indicating further increases.
Cameco, a prominent uranium producer, reported securing contracts with price ceilings between $125 and $130 per pound, along with floors set at $70 to $75 per pound—offering the best pricing seen in over a decade. After retracing from a 14-year high in February 2024 spot Uranium prices are still well above $80 per pound.
As the principal fuel for nuclear energy, uranium's importance cannot be overstated.
The International Energy Agency recently forecasted that global nuclear generation could double by 2050, necessitating a corresponding increase in uranium supply. And Goldman Sachs predicts substantial growth in data center power demand, which could rise by 160% by 2030.
Join Gerardo for a Live Call-In Session on August 16
A Junior Resource Speculator EXCLUSIVE EVENT
Gerardo just announced he is starting monthly call-in sessions for members of Junior Resource Speculator.
You join us for the first direct-access Speculator Session on Friday, August 16th, 2pm to 3pm ET.
You’ll get direct access to him. You’ll get his stock picks (what he personally owns). And you’ll get to ask him questions about any market, stock, or resource.
Click here now to get access.
This rising utility demand is narrowing the gap between term and spot prices, leading utilities with limited inventory to be compelled to procure more supplies. It’s simple supply and demand economics. As the demand ramps up, owning the right uranium producers will make fortunes for smart investors.
That’s why Nick Hodge has just put this report together that targets the three uranium producers you need to own now.
Watch it now by clicking here.
Keep coming back,
Chris Curl
Editor, Daily Profit Cycle