Trading of popular Russia ETF ERUS was halted by the NYSE this morning. Details are scarce. Barrons has an article. RSX is still active but I'm going to stay patient and see how this plays out. I still think ERUS is a buy but the politics of the situation have made it dangerous. China has opened the door to allow these Russian companies an opportunity to continue to make money so there is value here.
Also in Russia-Ukraine news, a fire broke out near a nuclear power plant in Ukraine. This spooked some of the weak hands in the uranium miners. This continues to be a buy. One of the big news articles from the last couple days was about Germany rethinking their decision to shuttered their nuclear power plants. This is incredibly bullish for the uranium industry. If Germany is forced to move away from Russian natural gas, uranium is set to be a big winner.
That’s all for today. While the market has gotten increasingly exciting, I’m on vacation to watch some basketball. I hope you all find time to get away once-in-a-while to enjoy those things that are truly important to you. For me, supporting my family at the state basketball tournament trumps everything else.
I wanted to buy in at $18 and the next day at $12 but I feared a halt. Until I see a reverse on this cancel Russia push, I don't think I could buy in. Luckily, the portion I held as part of Robert Wenzel's recommended portfolio was sold a month ago for $38!
I wanted to buy in at $18 and the next day at $12 but I feared a halt. Until I see a reverse on this cancel Russia push, I don't think I could buy in. Luckily, the portion I held as part of Robert Wenzel's recommended portfolio was sold a month ago for $38!