What do you think about uranium mining stocks?
Answer:
Don't encourage them to mine uranium by buying their stocks.
They would move down with oil because they are energy related. Wether or not that will continue is anybodys guess. If I new that I would not be here playing with Yahoo Answers I would be investing in the market and spending the money I have made.
They're moving downward because of the dispute over nuclear experimentation, which is somewhat synonymous with our dealing in the middle east right now (Iran in particular). That's not something I would invest in; it's just too risky.
The stock is very risky. As you can see, some people are vehemently opposed to nuclear, and not without some good reasons. Radioactive waste is really scary. Its pretty much assured though, that even if new plants aren't built, the ones that are going will be run at capacity. The demand for electricity will go up as matter of course. When you add the price of natural gas into the equation, electric demand is even more likely to rise. But in spite of accidents, coal mining is going to eat some of the nuclear industry's lunch.
Uranium will be one of the top performers in the energy market in the coming decades. The demand can only increase and I am looking at this pull back as a buying opportunity.
http://mining-profits.org/ has some good information on investing in Uranium.
I like Cameco
CCJ and I think it is on NYSE
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