US President Donald Trump has signed a series of executive orders titled Reinvigorating the Nuclear Industrial Base, Reforming Nuclear Reactor Testing at the Department of Energy and Ordering the Reform of the Nuclear Regulatory Commission with the goal of “re-establishing the United States as the global leader in nuclear energy”.
Nuclear energy is clean, safe, and not so expensive if done right. These executive orders have some questionable provisions, but overall, they are a massive positive for the uranium companies.
We are long URA (Global Uranium ETF). It has been up 50% over the last seven weeks, culminating in a 12% gain on Friday following the news. This ETF is going to 40. I’m not selling it.
Dennis
