Special Report: Everyone Is Suddenly Interested In Uranium

Well, that escalated quickly.

Uranium prices have shot up 60% since mid-August, with spot prices topping out at $48 per pound — their highest level in nine years.

On the one hand, that shouldn’t really come as a surprise. In fact, it should have happened much sooner.

Uranium sources have been under-developed ever since the Fukushima disaster in 2011. Back then, uranium prices were as high as $70 per pound, which is about the cost of mining the metal. But in the decade that followed, prices plunged as nuclear power faced a flurry of scrutiny not seen since Chernobyl.They even fell below $20 per pound at one point, spurring outcries from contrarian investors like myself.In fact, not to brag (or maybe to brag a little), I called the market bottom…"Today it’s worth just $20.25 per pound," I wrote in 2017 . "Still, that’s up from where uranium prices were a year ago, […]

Click here to view original web page at www.outsiderclub.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.