Uranium has gone parabolic in just the last few weeks. One exchange-traded fund is going Pac-Man with the commodity's supply.
We’ll take a break from the is-bad-news-on-economy-good-news-for-the-stock market discussion, to take a look at a commodities market skyrocketing in recent weeks — uranium.
“It’s this reflexive feedback loop, it feels Soros reflexivity, where the other trust raises capital, it has to buy more uranium, the price of uranium goes up, it brings in more speculators, issues more shares to buy more uranium, just keeps going in a good way,” he said. Job openings, the Federal Reserve’s Beige Book of economic anecdotes and consumer credit data are due for release.
Activist hedge fund Elliott Management has taken a more than $1 billion stake in Citrix Systems CTXS, +0.73% and is pressing for changes, according to a report in The Wall Street Journal.
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