With nuclear power bouncing back worldwide, and the number of global uranium mines declining, the signs are building that uranium prices are poised to head higher.
After stabilizing under $30 per pound, prices have begun to rebound, posting their largest gain in more than 30 months. Since Aug. 4, the cost of uranium has climbed by 13.91%.
But that could be just the beginning of the move...
- How to Play the Surging Uranium Bull Back in November we took a close look at the uranium market. That's because the end of a 20-year milestone agreement was fast approaching... From 1993 to 2013, the Megatons to Megawatts program saw highly enriched uranium from 20,000 Russian warheads converted into nuclear fuel, supplying American utilities. At the time I highlighted a uranium investment that could profit from this opportunity, and it's just begun to tap into its upside... Now we're seeing more bullish developments that point to even bigger gains... Full Story... Read More...
Goldman Sachs' Most Dangerous Trade
Here's something you probably don't know, and it will really tick you off.
You probably do know the biggest banks in the world have commodities businesses.
Those lines of business might include trading desks (trading everything from gold and copper to kilowatts), transportation (pipelines, railcars and tankers) and storage (warehousing) operations, mining operations, as well as production, refining, and raw and finished commodity distribution operations.
What you probably don't know is that one of the "commodities" a few of these monster banks (Goldman Sachs and Deutsche Bank) trade is...are you ready?
Okay, I'll tell... but you won't believe it.To continue reading, please click here...
- Unloved Uranium is About to Get Much More Attractive If you want to know where the uranium market is headed, keep an eye on these countries... Read more... Read More...
Why Uranium Prices Are at a Critical Tipping Point
Thanks to considerably higher energy costs, the demand for nuclear power continues to rise.
This year alone, 65 nuclear power plants are under construction, another 160 new reactors are currently in the planning stages, and 340 more have been proposed. Even Japan is now shifting its stance on nuclear power. According to Japan Today, newly elected Prime Minister Shinzo Abe now says he is willing to build new nuclear reactors.
The demand for uranium is clearly going to be getting stronger, which presents a problem. There is already a uranium supply deficit of 40 million pounds a year.
But supply and demand are only part of the uranium story... Read More...
Uranium Prices: How To Profit As Uranium Prices Hit $140
Uranium spot prices and shares of uranium mining companies have plunged amid fears that the situation in Japan could deteriorate into a nuclear meltdown on par with Chernobyl.
Investors fear that the explosion and subsequent radiation leaks at the Fukushima nuclear power plant will force other countries to tighten restrictions, or worse, abandon their pursuit of nuclear power as an alternative source of energy.
But if the nuclear fallout in Japan remains relatively contained, and other countries around the world move ahead as planned with their atomic energy projects, uranium prices will bounce back from their... Read More...