New York, NY (PRWEB) June 13, 2012
With the growth of the world population, its impact on the global environment increases as well. In particular, more energy is required to make more goods to support more people. Sasha Cekerevac, contributor to Profit Confidential, argues nuclear power will remain a large source of energy production over the next decade to support the increase in energy usage, driving up demand for uranium.
“China and India, among other emerging markets, are continuing to ramp up energy demand,” says Cekerevac. “This is where uranium comes into play, supplying the ever growing number of nuclear power plants being built over the next decade.”
In the article “Good Entry Point Coming Soon to This Uranium Mining Stock,” Cekerevac reports that emerging markets have extensive plans to grow their nuclear facilities.
While Cekerevac does note that the Fukushima nuclear disaster in Japan hurt mining stocks involved with uranium, he feels the long-term supply and demand equation is quite bullish.
Cekerevac highlights the uranium giant Cameco Corporation as being a potential beneficiary if uranium prices move up.
“The current support level needs to hold,” says Cekerevac. “Otherwise the stock will most likely re-test the lows of last year. If the stock can move above the resistance line, then it has potential for a significant move up.”
Cekerevac believes there will be more energy demand over the next decade and this will then drive demand for more uranium to power the growing number of reactors worldwide.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market... before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.