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NewswireTODAY - /newswire/ -
Sarasota, FL, United States, 2007/04/12 - Industry experts sees higher sustained uranium price. If the price turns down, Dr. Robert Rich told us, “The utility consumers will come back into the market like lemmings, and buy up anything available.”.
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Beware of a uranium price downturn. According to Dr. Robert Rich, a bonafide uranium industry expert who has participated in nearly every step of the nuclear fuel cycle, if the price declines, it may provide a buying opportunity for utilities. He told StockInterview, “The minute buyers see things go down, they are going to flock back into the market, and say, ‘Okay, we knew this was going to happen. Now, we buy.’ The utility consumers will come back into the market like lemmings, and buy up anything available. The next thing you know, there’s another spike.”
After asking for a price forecast, Dr. Rich explained, “If I leaned my opinion to one side or the other, I would lean to the bear side.” He told StockInterview, “But what does the bear mean? In this market, it just means a weakening or a downturn or a flattening. I don’t think you’ll ever see the sort of crash that’s going to send this back to US$20 to $30 prices again.”
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Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, energy and the environment, biotechnology research and the natural resource industry. StockInterview.com is now the most popular website for uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
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