Honestly, I never thought a uranium play was something that would ever come across my desk, but a week ago JC published a piece highlighting the uranium space as displaying bullish turnaround characteristics — which offers a nice portfolio diversification to many of us who are mostly positioning for the downside in equities right now.
As I’ve let this idea marinate in my head over the last week while watching declining volatility make long options more attractive, I’ve really warmed up to the risk/reward profile in this space and have identified a great way to position for exponential gains in the Global Uranium ETF $URA.
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