Denison Mines Corp (DNN)

[GreenMarine]

Uranium Stocks Go Boom
By Nick Hodge | Wednesday, November 12th, 2014
I've been pounding the table on uranium for some time now.

Over history, investors who have made the biggest gains have shown time and again that you need to buy when everyone else is selling. You need to buy what everyone else hates. You need to buy what no one else will.

And ever since the earthquake-induced disaster at the Fukushima Daiichi nuclear plant, there have been few admirers of nuclear and uranium, and even fewer buyers.

Indeed, though they had already been sliding from their June 2007 cycle highs near $137 per pound — spurred by the flooding of the Cigar Lake Mine — after the tsunami and subsequent shuttering of all 48 reactors in Japan, the bid simply disappeared from under uranium spot prices.

Ultimately, uranium spot prices fell all the way to $28 per pound this past summer, a level not seen since May 2005.

Uranium prices at these levels are unsustainable. They must go higher.

When they do, uranium stocks will move much higher as well. And the companies with proven deposits boasting high grades and shallow depths will move higher by many multiples.