Friday File: This Is The Match That Can Light 2024’s Biggest Powder Keg Stocks

The last weekend of the year is hours away.

But judging by the speed of responses from business associates and partners, it’s already here.

So, let's keep it short with two things.

First up, we've got a major contrarian prediction dropping by next Tuesday. 

It has attracted hundreds of billions of investor capital.

But it is so overhyped and overvalued that it’s far more likely to nosedive than continue to rise. 

Even Jim Cramer has turned from skeptic to major bull on it…so that’s a good sign too.

The second thing is the steadily building uranium bull market.

This sector is buzzing with good news. And it got even better this week.

The Sprott Physical Uranium Trust (CAN:U.U / US:SRUUF) just received approval for a plan that could send uranium prices soaring far higher.

The fund now can raise up to $1.5 billion by selling more shares in the market. 

This is massive. 

Remember, this fund’s entire business is buying uranium and taking it out of the market.

And the uranium market isn’t big either at around just 130 million pounds per year.

So this fund is trying to work in a few hundred million dollars (let alone the full $1.5 billion) into the uranium market which will send uranium prices up faster than they did in 2023. 

After all, it doesn’t take much to move commodity markets. 

Oil prices can easily move 10% or more on a 1% or 2% change in oil supply and demand.

Uranium is only a tighter market. 

This announcement gives just this one fund the power to spike uranium demand by 5% in just one year. 

If you want to dive deeper into uranium, now is the time.

Click here for our thoughts and one of the best ways to ride the uranium wave.

We’ll be back again by Tuesday.

All the best,

Andrew Mickey
Executive Editor, Shareholder Intel Action