Monday July 14 2008 - In the News: The National Post reports in
its Saturday edition that long-term demand for uranium to power
nuclear power plants continues to grow. The Post's Don Vialoux
writes that More plants are being built in China, Japan, Russia and
Europe. In Canada, construction of two power plants is planned in
Ontario and construction of nuclear power plants in Alberta is at
the discussion stage. Nuclear power is now a popular choice because
it does not create greenhouse gasses. Leaders of the G8 nations
vowed last week to reduce greenhouse gases by 50 per cent. Uranium
equity prices have improving technical profiles. Most uranium
producer stocks, including Cameco, Denison Mines and Uranium One
have moved sideways to slightly higher during the past five months
and have positive strength relative to the Toronto Stock Exchange
composite index. Recent strength in the spot price of yellowcake
has boosted short-term momentum indicators. In addition, on balance
volume data shows that these stocks are being accumulated. The
easiest way to invest in the sector is by owning exchange-traded
funds that focus on uranium, of which Mr. Vialoux cites two, Market
Vectors Nuclear Energy ETF and iShares Global Nuclear Energy
ETF.
Uranium
Posted by rafe on 14th of Jul 2008 at 09:58 am
You know my bullishness from many posts
Monday July 14 2008 - In the News: The National Post reports in its Saturday edition that long-term demand for uranium to power nuclear power plants continues to grow. The Post's Don Vialoux writes that More plants are being built in China, Japan, Russia and Europe. In Canada, construction of two power plants is planned in Ontario and construction of nuclear power plants in Alberta is at the discussion stage. Nuclear power is now a popular choice because it does not create greenhouse gasses. Leaders of the G8 nations vowed last week to reduce greenhouse gases by 50 per cent. Uranium equity prices have improving technical profiles. Most uranium producer stocks, including Cameco, Denison Mines and Uranium One have moved sideways to slightly higher during the past five months and have positive strength relative to the Toronto Stock Exchange composite index. Recent strength in the spot price of yellowcake has boosted short-term momentum indicators. In addition, on balance volume data shows that these stocks are being accumulated. The easiest way to invest in the sector is by owning exchange-traded funds that focus on uranium, of which Mr. Vialoux cites two, Market Vectors Nuclear Energy ETF and iShares Global Nuclear Energy ETF.
Uranium
Posted by dodgerdog on 14th of Jul 2008 at 10:24 am
NLR is the symbol for the Market Vectors Nuclear Energy ETF
Some other stocks include: USU, URZ, DNN, CCJ, URRE, HAT.V
Uranium
Posted by bob52 on 14th of Jul 2008 at 10:13 am
Don't know if that last message came through. Thanks for the post on the uranium ETFs rafe. Do you know the ticker symbols for those?
rafe
Posted by drorlando on 14th of Jul 2008 at 10:12 am
Do you have the tickers?
Uranium
Posted by cdjd on 14th of Jul 2008 at 10:03 am
Thank You for the post.
Do you own U stocks or ETFs?
Uranium
Posted by bob52 on 14th of Jul 2008 at 10:11 am
Title: Uranium
I have traded USU and URZ in the uranium sector before. What are the ticker symbols for those uranium ETFs, rafe. Thanks for the info.