Comments on: Is a Uranium ETF Next?

By: bob talbert

bob talbert — Tue, 22 May 2007 20:06:58 +0000

United States Enrichment corp (symbol USU) tends to follow uranium prices, but at an accelerated rate. It’s had a HUGE runup in the past three months (over 60%!!!). It is a US government granted monopoly. No one else in the US can enrich, and ALL us nuclear utilities MUST buy USEC enriched uranium, by law. If you own a nuke plant, you only have one supplier of enriched uranium. There’s no competition (again, by federal law). There’s an indentured hundred customers who have no choice.

How ‘Bout Dat!!! Invest in a monopoly established by the US Govt. How can one get a better deal than that?

By: Emmanuel Gentilhomme

Emmanuel Gentilhomme — Tue, 22 May 2007 00:21:43 +0000

BTW, here is the second “ETF”. In fact not really an ETF, like UPC, but a company which invests all its assets in physical uranium.

Nufcor Uranium, London-listed, AIM : NU.L, Isin : GB00B16L0B41. Currency : GBP.

http://finance.google.com/finance?q=NU.l&hl=en

UPC was launched in 2005, Nufcor Uranium in 2006.

Who’se next ???

By: Tom Lydon

Tom Lydon — Mon, 14 May 2007 22:24:34 +0000

Thanks Emmanuel for your comment. There will probably be some demand domestically for a uranium ETF as metal demand continues to remain high.

By: Emmanuel Gentilhomme

Emmanuel Gentilhomme — Sun, 13 May 2007 19:47:51 +0000

Hello,

But an Uranium ETF already exists ! You’ll find it on the Toronto Stock Exchange.

Symbol : U.TSX (Uranium Participation Corp)

Beware, it’s in Canadian dollars.

Just have an glance at this page for details :

http://finance.google.com/finance?q=TSE%3AU

In a recent edition, The Financial Times wrote about UxConsulting and Nymex uranium futures, talking about TWO uranium ETFs.

But I’ve never heard about the second one. Is you have any clue…

Emmanuel