where are we going, page-2

I can see it, can you?



Only two years ago, uranium traded at $20 a pound. Today, it’s up to $113 -- a 465% gain inside two years. And $200-plus isn’t out of the question.

Also pushing uranium prices higher was a string of natural disasters, notably a flooding of large mines in Canada and Australia, which has set off the most recent spike.

Plus, China is desperate to get its hands on every pound of uranium it can buy. Over the next 15 years alone, China plans on building 30 new reactors. Without those reactors, the country’s environment and economy could be heading straight for the dumpster. China’s nuclear-energy mandate is all about getting out of coal and into clean energy like nuclear power.

And, says the International Herald Tribune, “U.S. demand for uranium may surge by a third amid a revival in atomic power projects, increasing concern that imports will increase and that limited supplies may push prices higher.”

Again, given higher demand and supply issues, $200 uranium isn’t out of the question.

Ian L. Cooper
Editor, GRESSOR



Uranium, Floods and a Stealth Team of Chinese Traders

The price of uranium has soared by nearly 20% this week, to a record $113 per pound.

The jump has been caused by a continued lack of supply and an increasing demand in nuclear energy. Worse, a flood wiped out 17% of the world’s U308, an enriched form of uranium used for nuclear energy.

The surge in the uranium price takes it to the highest level since the 1970s. Analysts are coming out of the woodwork, predicting $125 a pound this year and $140 a pound in 2008. I've even seen articles talking about $1,000 uranium.

And given what I just discovered, $1,000 uranium is realistic.

That’s because a stealth team of Chinese traders is expected to corner the market on U308, which is necessary for powering nuclear reactors. And they’re armed with an immense war chest in U.S. dollars.

Get ready for the biggest U308 price war ever.

Cheers

Xan