Iscaethebear

Consensus is Most Commodities Will Fall in Price in 2007

Birinyi's esimate on uranium is wrong! Currently world uranium consumption outpaces production by 80 million pounds. The largest miner, Cameco's (CCJ) Cigar mine (richest in the world) is flooded and will not be on line for at least a year. Uranium has gone from $7 a pound to over $60 without a single pullback. In addition, nuclear power plants are being planed all over the world, Russia, China India and more. Nuclear power plant manufactures are postioning themselves. GE Sees the writting on the wall and has form an alliance with Hitachi to build future pants and Toshiba just paid $4.2 billion for nuclear reactor maker Westinghouse.

It takes ten years to bring a uranium mine on line. So many new miners have yet produce any uramium. We are in a 5-10 year bull market.

Bruce Brocker