Since the nuclear disaster in Japan, Uranium has taken has a huge hit (Global X Uranium ETF) as could be expected. As of now, Uranium is trading at its 52 week low of about $12.90, while back before the disaster it was up around $22. I think this is a golden opportunity for us to get on URA while its at it low point and ride reap in profits as it climbs back up to where it was pre-Fukishima.
Don't believe the hype, Nuclear is not going away. Think about all the countries in the world that use nuclear power besides Japan. Do you really think they are all just going to decommission all their nuclear power plants based on one disaster? No shot. The dip in prices is solely based on the disaster and will almost certainly rebound. I think this is almost a no brainer to get in now on a great commodity before stock prices rise again in this sector.
I motion we invest about 75% of our money market into URA.
If you guys want to do some more reading - here is a good article about it.
http://www.streetauthority.com/a/invest-clean-energy-prices-double-458295
2 comments:
I 2nd the motion after researching this topic more. These affected reactors only account for 2% of the worlds entire Uranium consumption. The other 98% will be in heavy need for fuel, and Uranium prices will hold steady with demand. Hey - we're already drilling for oil again in the Gulf. I'm pretty sure they'll be building nuclear reactors in Japan again soon.
i third the motion, but only if we put a stop loss of about $9.
i have more thoughts Uranium and the situation in Japan, but they are more long term speculation and not short term. We can discuss at another meeting or on a conf call.
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