Matthew Grossman : Great boom awaits uranium

Commodityonline.com reports on an interview with Matthew Grossman, Chief Equity Market Strategist of Adam Mesh Trading Group about the booming uranium with Mike Norman of  HardAssetsInvestor.com.

The interview is quoted as saying:

Matthew Grossman, chief equity market strategist, Adam Mesh Trading Group (Grossman) : Well, uranium is a very interesting metal, if you want to think about it this way. Especially because there’s a lot of nuclear energy plants being assembled in China and in Russia. Presently, China has 11 nuclear-generating energy plants. And they have 28 in production. Russia has 18 in production.

When these plants are actually established, they’re going to demand more uranium. That has actually pushed the uranium prices most recently up to two-year highs. So I wound up doing a lot of research into uranium and tried to come up with, for my readers and my followers, what are the best plays?

Click here to access the entire interview.