Sunday, March 15, 2015

Nuclear back to pre-Fukishima levels


Uranium-watchers might remain preoccupied with Japan but the rest of the nuclear world has returned to a “pre-Fukushima state,” according to at least one authority. In an interview with the news agency RIA Novosti quoted by the World Nuclear News on March 10, Leonid Bolshov, director of the Nuclear Safety Institute of the Russian Academy of Sciences, said predictions of a slowdown have proven false.

 “Calls for the abandonment of nuclear power crop up every now and then in different countries but these are, as a rule, the result of short-term political speculation and go against the everyday needs of national economies,” the WNN quoted him.

It looks like the uranium price is beginning another move higher. This is happening in the context of absolutely no media coverage. This is a good thing because it allows for a stealth bull market and slow and steady is healthy.

The uranium stock ETF has still not put in a confirmed bottom and just appears to want to grind lower. If it can rally off the recent low it is testing than we may see relief to the upside.

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