Sprott analyst: 3 reasons why uranium stocks should be on your radar today

From Gwen Preston in Sprott’s Thoughts:

There is only one topic being discussed amongst the mining crowd today: gold. And fair enough, since the yellow metal has shot up to start the New Year, busting through resistance levels and bringing miners along for the ride.

Don’t get me wrong – I am very pleased to see gold gain. But rather than join that crowded discussion, I thought I’d talk about the other commodity that has my attention this year: uranium.

Let’s start at the beginning:

Between 2005 and 2007 uranium prices spiked. The move was sparked by a legitimate supply crunch, but the mining markets were hot and so a uranium price bubble was born. The spot price should never have reached such heights – but contracts signed during that run-up still in effect today are helping to keep many producers alive, so yay for bubbles (more on those contracts…

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