Are you sure Mog?
The EFT seems to be booming in the past week and since the years start. Being a uranium tracking index would GGG really go down?
.ETFs Tracking The Solactive Global Uranium Index – ETF Returns
The following table presents historical return data for ETFs tracking the Solactive Global Uranium Index.
Symbol ETF Name YTD 1 Week 4 Week 1 Year 3 Year 5 Year Returns Rating1 URA Global X Uranium ETF 11.2% 3.0% 4.7% -2.6% 11.8% -49.9%
It seems to be following the continued upsurge in the uranium market of which prices are officially now in a "Bull Market" given its over 30% up off last years low, after years of downwad prices reaching $19.
Im expecting this value to come through to GGG as equally as it should following other uranium producer upswings.
Ux Month-End Prices as of January 28, 2019
[Change from previous month]
1 US$ =
0.87440 €‡U3O8 Price (lb) $28.90 (+0.40) €25.27 (+0.35)