Nick Hodge is the founder and publisher of the Outsider Club and the managing editor of Nick Hodge's Early Advantage and Like Minded People. He is the author of Energy Investing for Dummies and co-author of Investing in Renewable Energy: Making Money on Green Chip Stocks. In this Wall Street View, our host spoke with Nick Hodge, Founder of Outsider Club at the LD Micro Invitational 2015 in Bel Air, CA.
“The latest for me has been Uranium. I think that the price is going to break out in a big way over the next 12-18 months. We have a supply deficit looming; China and India coming online in a big way, and the Uranium price at $35/pound simply isn’t high enough to bring new supply online,” Mr. Hodge begins, “the fundamental reason is that demand is simply growing…China and India are building in a big way, the UAE wants nuclear, Saudi Arabia wants nuclear, Argentina just announced, Nigeria just announced – so, the fundamental reason is rising demand. I think the reason you haven’t seen uranium break out yet is psychological factor of Japan; so, we have Fukushima in March of 2011, and that really set the whole sector into a downward spiral. So, the demand is there now, but I think what you need is a Japan restart to allow the psychological factor, the hurdle to be clear.”
Mr. Hodge continues by discussing the nuclear reactors in the US and it’s dependence on foreign sources of uranium and the need to produce domestic sources of uranium, the largest producers of uranium in the world, uranium producing prospects in North America, gold vs. uranium, and more. For more information about Nick Hodge and the Outsider Club, go to: www.OutsiderClub.com
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