ResourceInvestor.com reports on the "uranium buzz" at the Las Vegas Hard Assets Investment Conference, including a presentation by James Dines, editor of The Dines Letter.
At the annual Las Vegas Hard Assets Investment Conference, there was one thing major investment topic that seemed to emerge over and over throughout company presentations, market analysts and newsletter writers: Uranium.
Uranium, which just last week broke the $50 barrier, and whose spot price has been on a continuous rise, with no downturns is an area where investors may want to look further . . . .
The Uranium Bug
James Dines, Editor of The Dines Letter, and self-proclaimed original “Uranium Bug,” was open, optimistic and bullish on the yellow metal and uranium mining stocks in general.
Dines said that the demand for uranium will be so insistent and persistent in the coming years that the market is currently no where near its top.
With hundreds of nuclear power plants to come online throughout China in the coming years, the sentiment at the conference was bullish . . . .
Conclusion
Dines said on Thursday in another presentation that “we need to look wrong to be right in the stock market,” referring to a number of previous market calls that proved to be the hot investment at the time, even if perceived as wretched by the general market at the time.
Dines also said that eventually he expects to see every uranium stock increase and said that “it’s not too late to get into uranium.” Dines said that he is looking for sky-high prices and that the impact on the uranium industry “will be phenomenal.”
The uranium spot price is currently $52.00, up from last month’s end of $48.50, and many, including Dines, see a continued uptrend and only potential for the metal as energy demand in developing nations continues to grow and the return to using U3O8 for energy demand looks more attractive.
At the annual Las Vegas Hard Assets Investment Conference, there was one thing major investment topic that seemed to emerge over and over throughout company presentations, market analysts and newsletter writers: Uranium.
Uranium, which just last week broke the $50 barrier, and whose spot price has been on a continuous rise, with no downturns is an area where investors may want to look further . . . .
The Uranium Bug
James Dines, Editor of The Dines Letter, and self-proclaimed original “Uranium Bug,” was open, optimistic and bullish on the yellow metal and uranium mining stocks in general.
Dines said that the demand for uranium will be so insistent and persistent in the coming years that the market is currently no where near its top.
With hundreds of nuclear power plants to come online throughout China in the coming years, the sentiment at the conference was bullish . . . .
Conclusion
Dines said on Thursday in another presentation that “we need to look wrong to be right in the stock market,” referring to a number of previous market calls that proved to be the hot investment at the time, even if perceived as wretched by the general market at the time.
Dines also said that eventually he expects to see every uranium stock increase and said that “it’s not too late to get into uranium.” Dines said that he is looking for sky-high prices and that the impact on the uranium industry “will be phenomenal.”
The uranium spot price is currently $52.00, up from last month’s end of $48.50, and many, including Dines, see a continued uptrend and only potential for the metal as energy demand in developing nations continues to grow and the return to using U3O8 for energy demand looks more attractive.
