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Did Rick Rule Back Off of Uranium too soon?

You’ll recall a few weeks ago I sat down with Rick Rule, Chairman of Sprott U.S. Holdings. We discussed uranium.

Uranium has been on a tear recently. Stocks are going up fast in the sector. Even large companies like uranium miner Cameco have seen a double-digit move up in a month. The recent move up in uranium comes as a Japanese court just cleared the way for a re-start of some idle nuclear reactors.1

It’s a positive note in an otherwise dreary resource market, but in our discussion, Rick said he wasn’t so sure about uranium in the near term.

He said low oil and natural gas prices would likely get in the way of a sustained rally.

Part of what has held uranium down for the last three years

read more....

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