Uranium Keeps Booming

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To say the least, uranium is currently in a huge bull market - the price soared more than 800% over the last in four years!

After uranium's record price jump this week, it looks like $100 per pound will come sooner than anticipated. And if you haven't established yourself in this bullish trend, you may want to reconsider your position.The spot price for uranium oxide gained $10 this week, reaching up to $85 per pound. This record increase was spurred by consistent supply shortfalls. The world's roughly 440 nuclear reactors need well over 150 million pounds of uranium every year.

So how much uranium do we currently produce?

Only about 100 million pounds. And the stockpile of uranium collected from disassembled nuclear weapons is declining fast.

To say the least, uranium is currently in a huge bull market - the price soared more than 800% over the last in four years!

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