Bye Bye Klondex and URA ETF

tefa

Let’s sell Klondex.  I was expecting them to recover from a long way down but it seems they were promising a little bit too much, sinking further down for a reason.   Until this week when Hecla acquired Klondex.   A good time to sell, as I don’t want Hecla.

Away with URA too.  Not because uranium is out forever.  But it may be more interesting to buy the individual mining companies like Cameco, NexGen or Uranium Participation Corp.  There are enough reasons why uranium prices will recover one of these days and before we live in a future with only solar or wind energy.  By the way: solar is not that green and uranium is not that ugly, you can google enough results on the topic.  New technologies can make uranium as renewable as any other so called green energy.