Uranium’s Bull Market Pushes Forward

Filed in BP, Gold, GOld juniors, Gold Market, lead, Lear, miners, mongolia, o, shares, target, ubs by on January 28, 2011 0 Comments

Uranium prices are breaking out. A pound of U3O8 hit $70 yesterday, up 12% already for the year. And thanks to increasing demand and tight supply, prices could be headed even higher. When uranium prices bottomed out last summer, Wealth Daily took notice and started telling you about it… Back in August, Ian Cooper told readers: “Uranium just became the hottest story of the year — and quite possibly the ‘supply-demand’ buying opportunity of a lifetime.” Why we’re investing in uranium: increasing global demand production shortfalls mine closings diminishing secondary supplies significant price increase growing speculation He hit the nail on the head. Since that time, the price of uranium has increased some 60%. Ian told subscribers, “One company set to benefit significantly is Cameco (NYSE: CCJ), the co-owner of the world’s biggest uranium mine.” Wealth Daily members who bought CCJ on Ian’s recommendation have returned a 52% gain so far. But Ian wasn’t the only Wealth Daily editor telling you about uranium… A few weeks later, Chris DeHaemer wrote: “The downtrend [in uranium prices] has been broken and we’ll start to see higher highs as well as higher lows.” In his article, Chris talked about Uranium One (TSX: UUU) and Denison Mines (AMEX: DNN), which have returned 70% and 119% gains respectively since he wrote the article. Even Angel Publisher Brian Hicks wrote to you a few months back, calling Uranerz Energy (AMEX: URZ) “the single uranium stock you need to own right now.” At the time, he urged Wealth Daily subscribers to buy shares of Uranerz Energy at $1.50: “Buy URZ at current levels for triple-digit gains in the coming months.” Since that time, shares of URZ have more than tripled, paying investors a 267% gain . Shares of uranium miners like Uranerz and the others have been reacting positively to surging commodity prices. Uranium prices spike 67% in six months Since bottoming out at $42 in June, the price of uranium-oxide (U3O8) jumped to $70 per pound this week for the first time since April 2008 as demand…

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Uranium’s Bull Market Pushes Forward

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