Uranium price felled - where is the journey still going to go
(PresseBox) - Currently, a pound of uranium costs $46, a steep development predicted by many.
Gold is tied to monetary policy and the U.S. dollar; uranium is mainly related to energy. Frank Holmes, CEO and Chief Investment Officer at US Global Investors, sees a link between uranium and oil and gas. He is suspicious of discussions regarding green and clean energy, especially when it comes to countries that consume a lot of fossil fuels. He believes that movements from the energy sector are affecting the uranium sector. With the large number of nuclear power plants planned and under construction, he predicts that the price of uranium will rise this year.
Some experts advise investors to consider uranium as an asset class similar to gold, as investment demand has a significant impact on future prices. Uranium is also one of the few commodities to see price gains for two consecutive years during the pandemic. Industry insiders see a price level of US$100, and at times even US$200, coming.
Good news, then, for uranium companies such as IsoEnergy - https://www.youtube.com/watch?v=V8f3dibYi68 -. The company will carry out exploration work on its four projects in the Athabasca Basin in Saskatchewan, including the high-grade Laroque East project.
Like uranium, gold is worth investing in and should not be missing from any well-diversified portfolio. An interesting candidate is for example Victoria Gold - https://www.youtube.com/watch?v=7uFCyHCv-zs -, producer since 2019. Responsible for the production is the Dublin Gulch property in the Yukon region in Canada with the Eagle and Olive gold projects. At the Eagle project, gold production is expected to increase to 250,000 ounces annually by 2023.
Current company information and press releases from IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -) and Victoria Gold (-? https://www.resource-capital.ch/en/companies/victoria-gold-corp/ -).
In accordance with ?34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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Datum: 28.01.2022 - 02:04 Uhr
Sprache: Deutsch
News-ID 654497
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