Nuclear Safety First

Following our recent bullish thoughts on the future for nuclear energy, those more conservative investors who have researched the sector  may prefer to spread their financial commitment across the industry rather than place their faith in one or more individual companies.

With nuclear safety investing first in mind, the Market Vectors Nuclear Energy ETF (NLR-NYSE) fit’s the bill. Read more

Uranium Stockpile Held by Bankrupt Bank

The collapse of Lehman Brothers investment bank last September sent shock waves around the financial world and heralded the public awareness of the recession that has continued to worsen.

The media left us in no doubt that the reason for Lehman’s demise was due to the $60 billion of toxic assets held by the 158 year old bank.

Now the news is that Lehman Brothers also held a stockpile of around 450,000 lbs of uranium, the result of a commodities trading contract, gives a whole new slant on the much used expression ‘toxic assets’. Read more

Gold, Silver, Platinum Climb | Uranium Stays Unchanged

Gold

Gold’s climb continues as stocks fall and dollar rises.

Spot gold peaked at just over $973 an ounce in Wednesday’s European mid morning trading before falling back to $970 half an hour later.

The belief that the price of gold will move in the same direction as the price of oil and in the opposite direction to the dollar index now looks to be laid firmly to rest. Read more

Uranium Prices To Remain Volatile For This Year

Uranium Ux308 spot market price stays around US$47 per lb. A spokesman at the mining conference in Cape Town suggests that uranium prices will remain volatile for the remainder of the year.

Peaking at over $130 per lb. in the middle of 2007, heavy selling by hedge funds taking profits as they struggled to gain liquidity to meet redemptions was a significant contributory factor as the price fell dramatically throughout the following eighteen months. Read more