Uranium Didn’t Go Anywhere, Did You?

July 25, 2011 - PRLog -- COMMENTARY–ProspectingJournal.com–While it’s perhaps a bit early to announce the rebirth of the uranium sector, signs are now pointing to a steady comeback as governments and businesses are returning to one of their favourite obsessions: worrying about–and profiting from–the world’s energy needs.

For someone invested in uranium, early 2011 was a classic textbook example of an “unforeseeable” external event. Just like a very convenient Act of God prevents some people from claiming insurance when a tree falls on their car in the U.S., so does a tidal wave prevent nuclear nuts from thinking that their stocks are safe. The ensuing negative worldwide sentiment, however, was just political vote-pandering for unrealistic environmentalism . . . Watch the anti-nuclear politicians backflip in a couple years.

Uranium prices have now arguably stabilized and related equities are up ten per cent in the last three weeks; in other words, it may be safe to assume that we have found the bottom. David Talbot at Dundee Capital Markets stated the obvious, pointing out that uranium stocks are trading well below their real value. And unless wind, solar and tidal energy manage to produce the same energy output as fossil fuels in the next couple years, uranium interest will likely buzz its way on up.

Read more:
http://prospectingjournal.com/uranium-didnt-go-anywhere/

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