Uranium is copping a sentiment beating left, right and center....

Uranium is copping a sentiment beating left, right and center.

Whilst obviously there is a lot, and a lot of concern around what will happen to Uranium after Japan, media won't let it go.

Yesterday I read two stories on Uranium: one about Chernobyl (yes, that thing that happened 25 odd years ago)and one about how Al Qaeda wanting to use uranium to make bombs.

In my opinion, everything we are seeing is still in reaction to Japan.

On a deeper level however, more reactors are being built, more countries are sourcing Uranium, demand still outweighs supply and old sources of Uranium for major players are drying up.

When Japan hype calms down, whether it be 3 months, 6 months, 12, 18 or 24, we will see Uranium prices shoot back up and then continue the steady trend north which was being seen since June due to the aforementioned reasons.

dyor of course