RE: RE: Time to accumulateFor me, uranium is a long term hold. You can read all the newsletters in the world, but for me, I see that:
1) dozens of nuclear reactors are being built internationally and will need fuel when they come online
2) nuke warheads are being tapped less and less as a supply of U – the numbers are simply decreasing and I’ve heard this supply will run out in 2011-2012
3) economic growth continues in the BRIC countries and beyond and they will need to fuel the demand of many millions of people who have gone from horses and carts to BMWs in 2 generations – people who want electronic gadgets and air conditionaing and all the latest toys that need juice. Never mind the industrial demand to build all these items
Demand will rise.
You can also through in the green energy argument. Even a founder of Greenpeace is now pro-nuke power. Wind and solar won’t do it.
So. I saw it hit an bought at $6 with a mind to hold until whenever it hits $12. I am pretty sure this is no pipe dream.