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I think uranium is a great buy at these level, there will always be a demand.Especially with nuclear reactors.
Something has got to give. Either gold has got to tank in value relative to uranium, or uranium has to soar in value relative to gold.
I think uranium had a bubble that burst, and you shouldn't expect anything further from it. There's been a lot of hype about new nuclear power plants being built, but they're expensive compared to natural gas and coal is even cheaper. This chart makes an investment in uranium look as quaint as tulip bulbs.
David. I don't know if I can entirely agree with you on that point. China has agreed to puchase from Cameco, 29 million pounds of uranium over the next 10+ years. If uranium were compared to the Dutch tulip craze it would have to be based upon speculative demand. I don't see China, or India, as tulips. Real people, real energy needs, real demand; supply vs. Demand. Oh, and don't forget a current cheap and clean energy source-no greenhouse gases.
Did the China purchase make even a bump in the price of Uranium versus Gold? Take a look for yourself. The answer is quite clearly no. And the last thing I would call Uranium is a clean energy source. Rational people choose not to pollute the environment for their great-grandchildren if they can possibly help it. Yes, there are areas of the world that haven't gotten the news that the sun is an abundant source of energy that can be exploited in many ways without destroying the environment, and nuclear power offers false hope, but a few more nuclear accidents and everybody will be on the same page.
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