Uranium is poised to go nuclear – here's how to invest

In October 2006, the spot price of uranium went from $19 per pound (lb) to $143/lb in seven months. That move was so violent it altered how I thought about commodity markets entirely. That parabolic acceleration is not an accident. It is the direct expression of uranium's inelasticity when it comes to demand. Reactors cannot simply switch fuels, utilities cannot defer fuel purchases indefinitely, and once a supply deficit opens, the market has no choice but to bid until demand destruction forces