Uranium is needed for nuclear power, and, whether people like it or not, nuclear power is a great and needed source of energy with oil so high, and, unlike most alternate energy solutions, it is viable
Eric Roseman of The Commodity Trend Alert says, "I guarantee that we will see a major long-term rally develop in solar and uranium (again) as a consequence of $125, $150 or even $200 per barrel oil. By now, everyone should be long and strong CCJ and STP - no excuses." Full article can be read here http://www.thestockadvisors.com/content/view/2168/40/
UPGRADES:UBS upgrades Tenet Healthcare (NYSE: THC) from Sell to Neutral.UBS upgrades Banco Santander (NYSE: STD) from Sell to Neutral.UBS upgrades Frontline (NYSE: FRO) from Sell to Neutral. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:Credit Suisse downgrades China Unicom (NYSE: CHU) from Neutral to Underperform.UBS downgrades BCE (NYSE: BCE) from Buy to Neutral.Caris & Co. downgrades OmniVision Technologies (Nasdaq: OVTI) from Buy to Average.For daily real-time Downgrades go to http://www.streetinsider.com/DowngradesNEW COVERAGE:Thomas Weisel initiat...
Lots of readers have asked if The Kelly Letter is snapping up bargains in the energy sector. I've found that most people divide the sector into two groups: traditional fossil fuels and alternative energy, the latter being considered solar and wind mostly, with occasional mentions of hydrogen and geothermal.
However, the best buy in the energy sector these days has nothing to do with any of that. It's alternative energy, alright, but not the kind that gets placard-carrying crowds excited.
In a very short period of time, we have seen the spot price of uranium drop by over 50% after massive speculation had pushed the price up. There was a time when uranium producers could barely make a profit, as only those companies with high grade uranium could sell for a profit. Uranium producers were among the agricultural companies as they had trouble breaking even. With countries like China leading the way, and current countries like Japan and France showing the viability in the market, these companies could see a great profit going forward.
Once again it's ugly out there today. The Dow Jones Industrial Average dropped below 11,000 for the first time in two years, plunging over 2%. The rest of the U.S. stocks are not far behind with both the Nasdaq composite and the S&P 500 down over 2% as well. It's depressing. But you don't have to look far to see a nicer picture, you just have to look up: up north that is.
The Toronto Stock Exchange has fared much better in what has officially become a U....
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About Cameco Corp
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Once again it's ugly out there today. The Dow Jones Industrial Average dropped below 11,000 for the first time in two years, plunging over 2%. The rest of the U.S. stocks are not far behind with both the Nasdaq composite and the S&P 500 down over 2% as well. It's depressing. But you don't have to look far to see a nicer picture, you just have to look up: up north that is.
