The Option Genius Podcast: Options Trading For Income and Growth Allen Sama

Hey there, if you're looking to invest in 2024, you've probably already heard of the AI boom and how those stocks have already taken off and gone into the stratosphere, you've already probably looked at the weight loss drugs like Eli Lilly and how that's already exploded and gone into the stratosphere. And you've probably even looked at, you know, the mega cap tech stocks and how they've already taken off and gone. So far so high? Well, there is one sector, it's an unloved sector, but it is on fire and it is going to do amazing in 2024. That's what I want to talk about today. So what is this sector? Well, it's not really a sector, it's more of a commodity, which commodity? Well, it's not the normal ones you normally think about. It's uranium. So if you look at uranium prices, uranium prices have doubled in the last year, and they're probably going to double even more, I don't know more than double, but they're gonna go up continuously, maybe even doubled this year that those are the expectations. Why? Because uranium is used in nuclear power plants. And more and more countries are getting away from coal power plants are shutting their coal ones down. And they're building nuclear plants. Only problem is there is a shortage of uranium. So uranium only comes in a few places. It doesn't come from everywhere, you can't mine it everywhere. It's only in a few countries and only in a few mines. And creating a new uranium mine takes millions of dollars and years of planning and research and development to actually get the uranium out of the ground. So right now there is a shortage of uranium. But the demand continues to explode.
Pun intended, right. And so that is why your energy prices continue to go higher and higher and higher. Now, if you were companies starting to do a uranium mine, right now to take advantage of these higher prices is going to take you years before you get your money back. And before you even start mining. So the companies that are already there, they already have mines, they are making a killing. And they're making more and more money because their costs are staying relatively the same, but they're making more money when they sell their uranium because the prices continue to go up. Now you can go ahead and check to see a chart of uranium and see how it's going from the bottom left to the top right, and how it continues to grow. Now, if you look at some of the companies themselves, they're doing great as well. There are companies that do mining, they're also ETFs that can only focus on the uranium. Now normally, if you are looking at a miner versus the commodity, you will make more money on the miner than the commodity usually, because there's more Alpha there, there's it can grow faster. But the uranium utility or ETF are also going to be doing very well as well. You might even even get into the futures I haven't even checked to see if there are futures. But that might be an option to play as well. So why is uranium prices going up? Well, one of the reasons is because of the explosion in or not the explosion, but the demand for more nuclear power plants, right? For energy, because the world continues to need more and more energy and wind and solar are not getting the job done in terms of renewables, because of battery power problems. You can't store the energy, so they need a different source. Nuclear is one of the cleanest ones out there. I don't want to get into the politics of it, but it is very clean. And it's a very powerful source of energy. So we have a imbalance in supply and demand. Right.
One of the largest mines of uranium is in the country of Kazakhstan. Now Kazakhstan puts a limit on how much uranium is allowed to be mined every year. And so, the main mind there, they announced a few months ago that they were only going to be able to produce about 90% of that limit, because of their own little internal problems. Recently, about a week or two ago, they announced that they're only going to be min

OptionGenius is turning 15 years old in February!
As part of the celebration, we are releasing the audiobook of Passive Trading for free!
If you would like to get the physical copy, head to
https://passivetrading.com

OptionGenius is turning 15 years old in February!
As part of the celebration, we are releasing the audiobook of Passive Trading for free!
If you would like to get the physical copy, head to
https://passivetrading.com

OptionGenius is turning 15 years old in February!
As part of the celebration, we are releasing the audiobook of Passive Trading for free!
If you would like to get the physical copy, head to
https://passivetrading.com

OptionGenius is turning 15 years old in February!
As part of the celebration, we are releasing the audiobook of Passive Trading for free!
If you would like to get the physical copy, head to
https://passivetrading.com

OptionGenius is turning 15 years old in February!
As part of the celebration, we are releasing the audiobook of Passive Trading for free!
If you would like to get the physical copy, head to
https://passivetrading.com