URANIUM FALLS FOR FIRST TIME IN YEARS - is it all over now?

gamesam43 said: "Full article: [url]http://www.uranium-stocks.net/at-last-the-uranium-spot-price-declines-3/[/url] the first down tick in 46 months...is the uranium bull market over? shud i be buying or selling uranium stocks?"

Rbreb13 said: "Uranium will remain hot IMO. There are apps for new nuke plants on the books so the next 2-10 years demand should remain strong."

Pb3190 said: "Like Rb said, more and more nuclear power plants are going to be built in the future. Thus, the need for uranium will continue if not go up. On a side note, does anyone know if plutonium is also used? That may also be another hot sector in the future."

thezster said: "I rely on TheRickster for all my nuclear needs...."

Rickster said: "Yes there were good reasons behind the initial rise in uranium prices, but it seems to me that current prices are in the bubble regime and no longer have any relationship to fundamentals. So, whether the price goes up or down depends on "animal spirits." And I rely on Z for prediction of animal spirits. Back to you Z. Haha."

newinvestor123 said: "[url]http://energy.seekingalpha.com/article/40012[/url]"

Rickster said: "[QUOTE=Pb3190]On a side note, does anyone know if plutonium is also used? That may also be another hot sector in the future.[/QUOTE] Plutonium is a by product of nuclear reactions and is found in spent fuel. That is, it isn't mined. Jimmy Carter (spelled, i-d-i-o-t) outlawed spent fuel reprocessing, so there are no commercial sources of plutonium. At this point, most spent fuel is stored in spent fuel pools of utilities with nuke plants. Some was returned under contract to the original manufacturers in spent fuel casks. I am not sure what happened to it, but I think it resides in large fuel pools. "Someday" spent fuel may be very valuable. But right now, it is still considered a liability."

Harry said: "I just heard a bit of Uranium news on the radio. Buyers have been pooling resources. There is 300% more uranium in the market than is even needed. Considering the reactors that are being built all over the world it might be a good time to start stalking a bottom. Anybody know a good Uranium ETF? :whacky011:"