New Uranium Fund Signals Start of Bull Run Amid Tight Supply
- Piquard of Horizons says prices could rally a further 40%
- Sprott Physical Uranium Trust is sparking buying frenzy
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A new uranium fund that’s snapping up supplies signals the start of a lasting bull run for the commodity used to power nuclear plants.
That’s the view of Nick Piquard, a portfolio manager at Horizons ETFs, who expects prices to soar above $60 a pound in the coming months. That would be about 40% higher from where futures are currently trading in New York.