These post are right
I own Dennison and it's also pulling back as well. Just like Goviex it also saw a spike in the last two days. However Goviex seems like a great little company and I will by buying stocks in this company.
Actually, Dennison has a financial interest in Goviex as well I believe.
Not a thing wrong with these stocks, but really nothing yet to sustain these recent price gains apart for speculation on what Trump said about building nuclear arsenal.
Most stockplayers can't hold stocks for months or years on end, but with uranium that's definitely the way to go right now. Buy it and forget obsessing on the daily ups and downs.
Uranium's day will come because regardless what anyone says, it's still one of the cleanest burning fuels available.
I still can't believe all the negative hype about the Japan Tsunami when it comes to the nuclear reactors.
20,000 people died in 2011 in the Tsunami and resulting flood yet not one single person died because of the nuclear plant meltdown.
As a matter of face, except for some poor placement of fuel tanks necessary for cooling there would've never been the meltdown in the reactors or in uranium prices.
Here is a quote that show how easily this could have been avoided.
When the earthquake severed the connection between the nuclear power plant and the Japan electrical grid, the diesel backup system turned on as it was supposed to. This was critical, because those generators provided the electrical energy needed to continue the operation of the cooling system, without which there would be a nuclear meltdown. But the seawall in front of the power plant was not high enough to stop the tsunami, and the fuel tanks were washed away. Unbelievably those critical fuel tanks had been situated outside the buildings at ground level. Equally unbelievable, the diesel engines inside the buildings had also been placed at ground level and in the basement below, and the tsunami submerged them. (If the fuel tanks and diesel engines had simply been put on higher floors in the nuclear reactor buildings, which withstood the force of the tsunami, or the sea wall had been higher, there would have been no nuclear accident.)
It's all about how the public perceives nuclear energy and that's perhaps the biggest downside to owning stocks in uranium companies.
We are always just one nuclear accident(anywhere in the world) away from a uranium stock market meltdown. Uranium scares people because it always gets so much negative press when things go wrong.
In 2012, 138 oil and gas workers were killed on the job in America. In 2013 there were 112 deaths and in 2014 another 142 died, yet that seems to fly under the radar.
In 2011 no workers or public killed in nuclear meltdown.
Go figure...........It's all about perception.