US Sector ETFs Tracking (1/18) | Uranium ETF starts the next leg higher

$Global X Uranium ETF(URA.US)$ spent the entire 2002 doing correction but this year it is ready to resume higher. This ETF invests in Uranium as well as several mining companies. With many countries looking for alternatives to fossil fuel, Uranium presents a viable alternative. Last year, there was a flurry of news about different countries announcing the building of new nuclear plants. Demand should pick up in the coming years.