- 968
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- Feb 28, 2008
Cameco (CCJ) is another uranium play for those looking for a more liquid equity. Fed's QE 2, combined with imminent QE 2 from the Bank of England and inevitable QE from the ECB (when growth risks show up in German data, via CPI stalling) and QE 2 extension by the Fed in order to purchase muni bonds to bail out the states facing budget shortfalls (California, New York, New Jersey, Illinois, Michigan, etc all at risk) are all bullish commodities in the medium/long term, and uranium is a good play in that context as well, specifically due to rising energy demand from Canada & China. Risk of armed conflict involving a nuclear rogue state doesn't hurt uranium prices' outlook in the near-term, either.