Oil, gold, silver and copper have all taken a breather from their highs in May. But uranium looks poised to continue making huge gains for the foreseeable future, according to Dr. Mark Skousen, chairman of the financial e-letter Investment U. "Uranium is in the middle of a bull run that will not abate in the near term. The price is going to go much higher than people expect," Skousen said.
Skousen says the price of uranium, now $45 a pound, will continue its remarkable run because of the enormous demand from China and other developing countries, and the world's depleting supply of the commodity.
He notes, for example, that China alone is planning to build an additional 25 nuclear power plants by 2020. And with demand already outpacing supplies by 100 million pounds today, the pressure on prices will become more intense.
Today, oil prices have dropped about 5% since May, while copper is down about 15%, gold is off 20% and silver has declined by 30%. Natural gas has dropped nearly 40% since May, though the impending hurricane season could boost prices.
"I fully expect these commodities to stabilize and even resume their upward trajectory," Skousen says, "but uranium will not pause. In addition to China, the French, Koreans and Americans are putting more demands on it."
In fact, the United States is expected to double the number of nuclear power plants in the coming years, according to the Nuclear Energy Institute. Nuclear energy currently accounts for 17% of the electricity generated in the United States.
Uranium has even surged in popularity with environmental groups, which say it is cleaner and safer than fossil fuels and other alternative sources of energy.
Skousen would not predict the future price of uranium. But he did note that the uranium was fetching about $98 a pound during its last bull market in the early 1980's, when demand was far less than it is today.
For more information on the uranium bull market and investment opportunities, visit this link:http://www.investmentu.com/uranium.html
Skousen says the price of uranium, now $45 a pound, will continue its remarkable run because of the enormous demand from China and other developing countries, and the world's depleting supply of the commodity.
He notes, for example, that China alone is planning to build an additional 25 nuclear power plants by 2020. And with demand already outpacing supplies by 100 million pounds today, the pressure on prices will become more intense.
Today, oil prices have dropped about 5% since May, while copper is down about 15%, gold is off 20% and silver has declined by 30%. Natural gas has dropped nearly 40% since May, though the impending hurricane season could boost prices.
"I fully expect these commodities to stabilize and even resume their upward trajectory," Skousen says, "but uranium will not pause. In addition to China, the French, Koreans and Americans are putting more demands on it."
In fact, the United States is expected to double the number of nuclear power plants in the coming years, according to the Nuclear Energy Institute. Nuclear energy currently accounts for 17% of the electricity generated in the United States.
Uranium has even surged in popularity with environmental groups, which say it is cleaner and safer than fossil fuels and other alternative sources of energy.
Skousen would not predict the future price of uranium. But he did note that the uranium was fetching about $98 a pound during its last bull market in the early 1980's, when demand was far less than it is today.
For more information on the uranium bull market and investment opportunities, visit this link:http://www.investmentu.com/uranium.html
