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Gold/Mining/Energy : Uranium Stocks
URNM 58.60-2.5%Dec 5 4:00 PM EST

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To: Gib Bogle who wrote (9545)3/27/2007 1:51:56 PM
From: AuBug  Read Replies (3) of 30199
 
Wow! This Kirtley guy is a wild-eyed dreamer. It's hard to take anybody seriously that's making the sky's the limit type price predictions when they don't even acknowledge there will be factors that will add to uranium supply, i.e. improved technology for recycling spent fuel rods which is becoming more economical with every uptick. Not only that I predict governments will make it illegal to horde uranium as some of the hedge fund predators are doing. Uranium is a globally strategic metal and hording by speculators will not be allowed. Also, there are many small deposits that are coming online which are getting more attractive every day. New reactor designs will make more efficient use of uranium, especially pebble-bed reactors. If the price gets too high there will be a big drive to implement breeder reactors to make more fuel than they consume. Anybody that fails to recognize both sides of the story should be ignored.
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