If you’ve been watching the silver charts lately, you know the feeling. It’s that mix of adrenaline and I told you so as the world finally realizes that paper money is failing and physical assets are the only true sanctuary. Silver has had a monster run, and while I’m still a huge believer, I’m seeing a pattern repeating in a sector that is even more coiled than silver was a year ago: Uranium.  Uranium just hit a 20 month high ($89.50). If you want a big bang for your buck to stock your Roth IRA with, here is the list I love where large returns can grow tax free!

We are entering the Age of Commodities. For decades, the world treated dirt and fuel as afterthoughts while chasing tech multiples. Now, the tables have turned. You can’t build a data center out of software, and you can’t power it with code. Here is why I believe Uranium is about to follow Silver’s parabolic lead, and exactly what I’m putting into my portfolio right now.
 

The Nvidia Connection: Why Big Tech is a Uranium Bull

I’m calling Nvidia a Uranium Bull for a reason. AI requires massive, 24/7 baseload power. Wind and solar are great, but they don't work when the sun goes down or the wind stops.

Big Tech giants like Microsoft, Amazon, and Meta are now outbidding traditional utilities to secure nuclear power. Just this month, we’ve seen headlines of tech titans funding reactor restarts and enrichment plants. When the smartest, most cash-rich companies on the planet are fighting over a rock, you should probably own some of that rock.
 

The Great Uranium Withholding

While the West has spent decades off-shoring its energy security, Russia and China have been busy cornering the market. Russia currently controls a staggering 44% of global uranium enrichment capacity, and despite the U.S. ban on Russian imports, Moscow has been withholding supply as a retaliatory weapon, forcing Western utilities to scramble for a dwindling pool of safe material. Utilities buy fuel 3–5 years in advance. They aren't waiting for the reactor to be built to buy the uranium; they are buying it now to ensure they have it when the switch flips. In the Age of AI, the one who holds the fuel holds the power.

Massive stockpiling divorces the Physical and paper world of commodities. The world thinks this is a mining problem. It's actually a possession problem. Russia and China have realized that. We are seeing the very early signs of a Uranium structural squeeze that makes the silver frenzy look like a warm-up act. If Uranium gets too expensive, a nuclear power plant still has to buy it. They cannot turn off the reactor. They will pay $300/lb if they have to, because the cost of the fuel is a tiny fraction of their total operating budget, but it's 100% necessary to keep the lights on.                                            

China has moved from being a buyer to vacuuming up and  hoarding massive strategic stockpiles to fuel its world leading reactor expansion. This isn't just a supply crunch; it’s a strategic reserve. When the world’s two largest nuclear powers stop selling and start hoarding, the paper price of uranium becomes irrelevant, and the physical reality takes over. Just as we have seen this last year in Silver, Uranium now has the same forces at play that will push its prices up next. And the top Uranium mines will have massive gains as this Rock explodes in value. This supply squeeze will send Uranium to over $100 by spring most likely. Today it’s $85, up 10% this last month alone. U.S. Department of Energy on Russian Enrichment & Ban

Unlike gold and silver, the uranium market lacks a centralized exchange like the CME to step in and tweak the rules or raise margins to cool a rally. Because it is traded primarily through private, opaque contracts between miners and utilities, there is no referee to stop the price from going parabolic when the supply runs dry.
 

What I’m Buying: The High-Beta Uranium & Silver Leaders

I’ve spent weeks narrowing down well over fifty mining companies to find the ones with the best management, the safest jurisdictions, and the highest rocket fuel potential. Here is the shortlist I’m adding to my portfolio this week:

The Uranium Core:

• F3 Uranium (FUUFF): This is my discovery gem. They have found ultra high grade uranium in Saskatchewan, not far from where I was born in Alberta. It's one of the safest places on earth to mine. Canada won't try to take your mine away as prices explode upward, as I expect will happen in other countries.  Insiders just doubled their shares this month. It’s a coiled spring ready to pop.
• Uranium Energy Corp (UEC): The American Lion. They are the largest U.S. focused producer with no debt and a massive $698 million war chest of cash and physical uranium. They just hit record highs, but in a triple-digit uranium world, they are just getting started.
• Centrus Energy (LEU): This is my Enrichment play. They don't just mine the fuel; they refine it. They were recently awarded $900 million by the DOE to expand U.S. enrichment. They are the only ones licensed to make the specific fuel the new AI reactors need.
• Denison Mines (DNN): A near-term producer in Canada. Analysts just hiked their price targets  by 10% this week. They are de-risking their massive Phoenix project, making them a prime target for a buyout.

My Silver Powerhouses:

• Silver One Resources (SLVRF): Developing the Candelaria mine in Nevada. I love it because it’s on American soil. Billionaire Eric Sprott, the Canadian lion of the silver world, is the biggest shareholder. It’s up over 230 % this last year, over 30 % this month, yet it’s still priced in pennies compared to its potential if silver stays above $100. The Catalyst: They just announced a massive $25 million financing deal on January 13th. When junior miners get that much cash in a bull market, it’s usually because a major producer (like Pan American Silver) is looking to buy them out. The Assets: They own the Candelaria Mine, which was once the highest-grade silver producer in the state. They aren't just looking for silver; they are sitting on a mountain of it that is already permitted.
• Silver North Resources (SNAG:CA): This is my High-Beta silver play. It has a tiny market cap, meaning it doesn't take much buying to send it to the moon. They’ve been hitting bonanza-grade silver in the Yukon, and a major funding deal closes in early February. There is also very little short interest.
• Dolly Varden (DOLLF): The Stability play. They are currently merging with Contango ORE to create a new gold and silver giant. It’s the powerhouse that anchors the more volatile explorers in my list.
   

A Word of Warning: The "Rubber Band" Effect

I want to be very clear: these are volatile assets. When you see jumps upward like the ones we’ve seen in silver, there will be violent snaps back. Markets don't go up in a straight line forever.

We are currently in the biggest commodity boom of our lives, driven by the death of the Paper Dollar and the birth of a Physical World. However, this boom will eventually hit a wall when the biggest debt bubble in human history finally pops. When that happens, the stock market will crater, and it will pull everything down with it initially as investors are forced to sell their winners to pay for their losers. I don’t know when that rebalancing will happen but I do know that after that initial crash, commodities will recover and lead the next era of physical assets that the world actually needs to function.
 

The Great Divorce

We are watching the Great Divorce between  physical silver and paper silver and between the dollar and hard assets. As the $ heads downward and inflation eats away at savings, the world is moving toward hoarding tangible wealth. I’m positioning my portfolio in the dirt of Canada and the deserts of Nevada because, at the end of the day, you can't print silver, and you can't fake uranium.

The train is leaving the station. I'm making my moves now before the rest of the world realizes that the Digital Age is actually built on a foundation of Physical Fuel.

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