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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: siempre33 who wrote (4093)	11/17/2006 11:25:45 AM
From: Tommaso	Respond to of 30237

ne.doe.gov I don't quite know what "excess inventory" of uranium means to the DOE, but 135 million pounds is about a year's supply for the world (I think, more or less--will try to add more exact figures). World production for 2005, however, was about 108 million popunds. uxc.com Therefore, what the DOE can release to the markets (it appears to me) and what they plan to release, is not enough to make up the difference between dmeand and supply. Furthermore, at some point, the government may deem it prudent to reduce releases in the interests of national energy security. Looking at this situation makes me think of the way in which various central banks have sold off their gold in recent years. The big difference is that you cannot print uranium equivalents and use it for money. Indeed, until breeder reactors come back in fashion, the commodity (unlike gold) is constantly being consumed, and the demand is steadily increasing. As a one-time gold bug who lost a great deal of money on precious metals, I am trying to make sure that I am not misjudging the uranium market in the same way. Ultimately nuclear fusion will succeed and will replace fission reactors, but little progress has been made so far.