An interesting read. This is an excerpt from a rather negative article regarding the state of affairs re the economy, stockmarkets, and the overall future of the USA.
Click below for full article.
http://www.kitco.com/ind/grandich/oct152007.html
Grandich Letter Special Alert: Man Your Battle Stations
U.S. Stock Market -
As noted earlier, my bearishness for U.S. stocks (not including precious metals and uranium related) has become so acute that I have taken a very rare step for me and shorted the S&P 500 and NASDAQ. Because I see no long term way of avoiding a plethora of social, economic and political ills and the short swoon in August as a gift–from-God-warning of things to come, I would sooner be 100% cash versus 100% long. Knowing as my old boss stated 20 years ago that almost no one sells everything or close to everything, I want you to recall how you felt in August and remember the old saying, “Fool me once, shame on you. Fool me twice, shame on me!
Uranium -
First and foremost, I am now officially jumping back in the bullish camp. A much needed but painful correction is all but over and as previously forecasted, I believe only companies with clearly defined production or real deposits that have more than average chances to become producing mines will rule the day. The risk on uranium prices is $50 to the downside and $150 to the upside.
The world is now addicted to electricity for business and pleasure. We live in an “always on” world. From computers to cell phones and air conditioning to streetlights, we need more and more juice. In fact, experts say we’ll need 40% more electricity by 2030. While nuclear alone won’t get us there, it’s winning out over most other avenues. New power plants fueled by coal have been put on hold in the U.S. because conventional coal plants are too dirty to build and the cost of cleaner plants is too high. Geothermal power and wind are useful but won’t even come close to being the main source for electricity. On the producer side, I fancy Denison over Cameco and find Uranium One interesting. On the development side, I think Aurora, Laramide and especially Ur-Energy are worthy of your interest.