Looking to charge your portfolio. Uranium, the key mineral for nuclear power, is up a whopping 800% since 2002. And while the physics behind nuclear power is complex, the math behind Uranium is quite simple. We consume more than we produce. With plans to build an additional 30 nuclear reactors, Uranium could soon become the new black gold. Is it time for you to go nuclear?
Eric Bolling says Uranium has been working well for 5 years. There are 430 nuclear reactors in the world with 30 more coming on and we require 200 million pounds of uranium a year and we only produce 100 million. (You do the math.)
(Eric adds that 2/3 of the uranium supply in the world is in Canada and Australia.)
Eric says you’ve got to own Cameco (CCJ) and SXR Uranium One (SXR) because both companies are heavily involved in mining uranium. And he likes BHP Billiton (BHP) which is also involved in mining but is more diversified.
Jeff Macke likes Camaco, too.
Tim Strazzini says CCJ has a lot of unknowns. The valuations of these stocks are somewhat unknown.