No change, we like this Trust based in Canada as US investors have been precluded from purchasing until the end of November suggesting some performance catch up is around the corner. The trust simply buys and holds its assets in physical uranium – it feels like its time to now press the button.
MM is bullish the uranium space and the U-U CN ETF
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How we pay for this position is an interesting thought this morning:
- MM is considering allocating 10% of our Global Macro ETF Portfolio into the uranium Trust (U-U CN).
- This can be half funded by cash and 50% by taking a quick profit on our ACDC ETF after its hit our initial target area.
