Dec 19, 2012
Mickey Fulp, the Mercenary Geologist, has his hand in so many markets it's hard to keep track of them all. But he's been a devoted follower/investor in Uranium for many years. In the past month, the price has gone up 12%, off of a bottom of around $40. There's a myriad of factors involved in Uranium pricing, many political considerations and nuclear disarmament to boot. The bottom line is that nuclear power is clean, believe or not-safe, abundant and here to stay. The investment prospects have never been better and we're even seeing new reactors getting built in the US after a generation of no new construction. China and the developing world can't bring nukes on fast enough to satisfy their ever increasing electrical power demands.
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