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This Uranium ETF Will Decay

The Global X Uranium ETF (NYSEARCA:URA) has been on a tear recently, up nearly 40% since Election Day. Investors have optimistically been buying into uranium stocks, with the expectation that President Trump will be pro-nuclear power, although he has been silent on the nuclear industry to date, with his speeches instead focusing on resurrecting the coal industry and expanding the U.S. oil and gas industry.

URA is up more than 25% this year, largely due to an announcement that the world's largest uranium producer, state-owned Kazatomprom in Kazakhstan, would be cutting uranium production by 10%. This in response to a significant glut in global uranium supplies, which has pushed uranium prices down to multi-year lows.

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by Steve Auger