Chart courtesy of u3o8.biz.

The uranium spot price stands at $54/lb up from $50/lb at the last update as reported by UX Consulting with the long-term price of uranium trading at $70/lb as reported by TradeTech. Uranium stocks, with a few exceptions have moved lower since our last update in May despite the spot price of uranium moving higher. However there has been a very good rally over the short term and this no doubt has tempted profit takers to bank some of their gains (read more…)

Clint Cox: Digging for Opportunities in Rare Earths
Source: The Energy Report 6/25/2009

http://www.theenergyreport.com/pub/na_u/954

Why all the buzz about rare earths elements (REEs)? In this exclusive Energy Report interview, industry expert Clint Cox, The Anchor House, tells how he separates the hype from reality, and what a challenging and complex market it is. It’s estimated that 25% of new technologies such as hybrid cars use rare earths, and that demand is increasing. Clint talks about China’s current market dominance and the potential for production in North America. In a companion article, Alternative Energy Becoming a Little Less Alternative , Victor Goncalves of The Green Money Report examines how the growth of hybrid vehicles on the road will affect the rare earth market (read more…)

Chart courtesy of u3o8.biz

As we can see from the above chart the spot price of uranium has made some progress to trade at $53/lb according to The UX Consulting Company.

However on June 22 Bloomberg reported ‘Uranium rose to the highest in seven months as energy commodities gained globally and utilities sought to acquire stakes in companies mining the metal.

Uranium-oxide concentrate for immediate delivery added $3, or 5.8 percent, to $55 a pound, Denver-based pricing service TradeTech LLC said in a report dated June 19. Nine transactions totaling 1.9 million pounds in volume took place last week (read more…)

Source: The Energy Report  06/18/2009 who have kindly granted us permission to print this artcile in full.

http://www.theenergyreport.com/pub/na_u/938

Well-known and highly regarded throughout the mining and exploration community, Mercenary Geologist Mickey Fulp returns to discuss the brightening prospects for uranium and natural gas with The Energy Report readers. A Certified Professional Geologist, Mickey says he’s comfortable focusing his hard-earned dollars in junior and mid-tier uranium companies working in the U.S. and Canada.

The Energy Report: Mickey, you have followed uranium in the past. What’s your thinking about uranium now? Is it going to make that comeback? That famous newsletter writer, who is now the original rare earth element bug, is looking at uranium and saying it’s pretty positive. Do you agree (read more…)

Just a quick note to update you on the progress of June 09 $25.00 Puts that we purchased for $1.40 per contract (CCJRE) on Cameco Corporation (CCJ) recently. Our assessment was that Cameco had ran ahead of itself and that a pull back was imminent (read more…)

Chart courtesy of StockCharts.com

Just a quick note to update you on the progress of June 09 $25.00 PUTs that we purchased for $1.40 per contract (CCJRE) on Cameco Corporation (CCJ) recently.

Our assessment was that Cameco had ran ahead of itself and that a pull back is now imminent (read more…)

Chart courtesy of Stockcharts

Uranium One Incorporated (UUU) is trying to come out from under a cloud that reads like a script for a day time TV soap opera with allegations of behind the scenes corruption and a dynastic approach to leadership (read more…)

This is an interesting conundrum, how does Alberta meet the demands for more oil without resorting to nuclear power to generate the energy required to match the expansion programmes of the Tar Sands projects in and around Fort McMurray. It also begs the question of why not move directly to nuclear power as a form of energy and minimize the the dependence on oil.

According to the Alberta Energy and Utilities Board, Alberta’s oil sand deposits contain approximately 1.7 trillion barrels of bitumen, of which over 175 billion are recoverable with current technology, and 315 billion barrels are utimately recoverable with technological advances. The Athasbasca Oil Sands Deposit is, by itself, the largest petroleum resource in the world.

Anyway we found this article in the Herald Tribune today that we hope that you may find interesting and informative (read more…)

Chart courtesy of Stockcharts

Fronteer Development Group Incorporated (FRG) has doubled since the 20th April 2009 having absorbed Aurora Energy Resources Incorporated recently making it a two pronged play of both gold and uranium. Aurora has a 100% owned uranium portfolio in the Central Mineral Belt (CMB), is underpinned by the Michelin uranium deposit which contains a Measured and Indicated Mineral Resource of 67,434,000 pounds U3O8 and an additional Inferred Mineral Resource of 35,465,000 pounds U3O8 (read more…)

How does a 41.99% yield sound?

With central banks slashing interest rates and blue chip companies chopping dividends, generating a decent income in this market environment can be a difficult task.

However, despite what the mainstream investment media may be saying, it is still possible to earn an attractive, sustainable income with your capital – and the yield will probably top what one could expect even when interest rates were at their highs and blue chip stocks were enjoying great earnings at the peak of the bull market (read more…)