Market Call commentAlex Ruus warned today of a potential bubble forming in uranium in a year or two. He said that it was hard to argue against uranium in the short term however. I am sure that there will be corrections but to cower to a potential bubble seems not to give enough credit to market corrective forces nor the longer term fundamentals. I'm arguing against a moving target I know, I mean if uranium goes to $200 an oz in a year yeah, I'd say there was probably a big bubble and I would totally agree with him!! Its just that when the fellow gets 3 top picks and one goes to Bank America and the other to West Jet, I consider the source, I welcome the doubt (which we need a lot of in order to go higher) and I just smile. Now lets not buy st*pid, but I don't think we're anywhere near that when U is $72lb, in view of many reactors on the drawing board and if you pick and stick with the rightn company.
Thanks for participating Mr. Ruus, but I'd rather stay w/ URE vs. going to at least 2 of your 3 picks.