Uranium Stocks Should Rebound in 2011
The Cassandras of the media beat the drums of fear concerning Japan’s millennial tragedy, which has been a confluence of perfect storms. There has been a great deal of bad news coming out of Japan which the press has spun into a blanket condemnation of the entire nuclear industry. It is only a matter of time until investors recognize that the media is spinning fear that goes beyond Fukushima. Undoubtedly, their tactic’s intention is to sell commercial TV time, even if it means destroying a major source of clean, efficient, and safe energy; nuclear is a vital component of clean and independent energy.
Imagine if we had stopped mining coal after Massey Energy’s (MEE) mining disaster. Consider if we had stopped oil exploration after BP’s (BP) Deepwater Horizon malfunctioned. But now nuclear energy (Market Vectors Uranium+Nuclear Enrgy ETF (NLR)) and uranium mining (Global X Uranium ETF (URA)) are being unfairly painted in the wake of Fukushima Daiichi. Would such an industrial world without nuclear power be less dangerous or cleaner? Let’s be rational: For more than 50 years, the American fleet of nuclear reactors has sailed millions of miles without radioactive calamities.
Read the full article by clicking here...