When will it stop?
By Andrew Mickey
It’s downright insanity. With the Dow meandering around in uncharted territory, Wall Street has no idea what’s coming up next. No one seems to know whether the next big move in the Dow will be up or down. You can’t take anything for granted in the stock market.
Only one thing is as close to a given as you’re going to get, and it’s that uranium prices just keep going up. Look at the right side of the chart below. This week, uranium prices set another new all-time high of $120 per pound!
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And there’s no better way to describe uranium’s run than steady. Over the past 17 months, there have been only two downticks in the weekly spot price of uranium. The rest have all been what propelled uranium from $37 per pound to $120 per pound in less than two years.
I’m willing to bet you probably never saw this chart before. After all, the uranium bulls don’t like it one bit. We’ve been through this type of uranium hysteria before… until it all came crashing down.
Now, I’m not saying the crash is coming just around the corner. After all, June Uranium futures contracts traded for as high as $132 on the NYMEX today.
But eventually uranium prices will go down and investors will leave uranium stocks in a hurry. After all, of the 400 uranium companies that have popped up over the past couple of years, only 25 of them will be actually producing uranium by 2011.
That’s why I’ve devised a way to win in the great uranium bull market regardless of which direction uranium prices go. It also includes a big helping of protection from when uranium prices eventually fall.
You see, the company I’ve uncovered doesn’t produce uranium, explore for uranium, sit on top a known uranium reserve, or hold property that is adjacent to other properties that have uranium in the ground. Most of those “companies,” using the term liberally, will eventually disappear just as fast as they were created.
Andrew Mickey
Editor in chief, BreakAway Investor
Underneath the Bunker! Buried 300 feet in the ground, Kirtland Underground Munitions Complex in New Mexico is the center of U.S. nuclear weapons operations. It also holds the key to a tiny $9.40 uranium enrichment stock that could hit $57 in the coming months. Read on to find out how you can exploit this time-sensitive situation...
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