China,India, Korea need nuclear energy. They do not have much...

China,India, Korea need nuclear energy. They do not have much choice, they are the cheapest option and also the cleaniness energy source, especially, for countries which is highly populated and highly polluted. It is like killing a few stones in one go (i.e climate change, Energy supply, cost).

There seemed to be a strong support of U price at $40, I think we may have seen bottom or seen the lowest price. The price need to rebound in 2013, they cannot stay at 50% below a long term trend price, other no one will dig the resource out of the ground. Sooner, supply and demand become imbalance, the uranium price will go up through the roof, then it will become a bubble.

I think Uranium stock, PDN will be a very good investment with a view of 2 to 3 years. Short term, we are in the hand of shorter ... if the share price continue to come down, it will become a take over target.

Good luck all

Analyse reading ..

http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=557021&_Type=Market-Commentary&_Title=Coming-Uranium-Supply-Crunch-a-Boon-to-Near-term-Producers