Michele Kearney's Nuclear Wire

Major News and Commentary Military and Civilian Nuclear Activities

Wednesday, November 17, 2010

When Uranium Outshines Gold

 EARLIER this month, Global X Funds of New York announced plans for two exchange-traded funds — one for gold stocks, the other, uranium. Initially, Bruno del Ama, its chief executive, figured he knew which would capture the market’s attention. After all, gold prices have surged in recent months.
As it transpired, he guessed wrong. Global X’s Uranium E.T.F. — with holdings in companies like the Cameco Corporation, Paladin Energy and Uranium One — was a hit as soon as it went on sale Nov. 9, with early trading volume outpacing Global X’s gold E.T.F. by five to one. “I’m in shock, to be honest,” he said. More at:
http://www.nytimes.com/2010/11/17/business/energy-environment/17FUND.html?src=busln
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