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Bozzor · 04-07-2006, 08:34 PM

Australia has this past week signed a deal to supply uranium to China...and Taiwan. We have plenty of juniors here too, but they are best avoided: there is plenty of unexploited capacity in the existing majors and I still think they are underpriced. China is looking at a new type of reactor technology called pebble bed: whilst no nuclear plant can ever be called safe, this type of reactor is much safer than existing technology and can be developed on a smaller scale.

As for gold, yes I do think USD 800 is realistic and we may even see 4 digits. For that to happen, we would need a middle east war, with Iran blocking the Straits of Hormuz and choking tanker traffic. If that occurs, gold could easily shoot up USD 200 in less than 2 weeks.

04-07-2006, 08:34 PM	#6 (permalink)
Bozzor Enthusiast Join Date: Mar 2006 Location: Sydney (most of the time) Posts: 286 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Is anyone buying gold, silver? Australia has this past week signed a deal to supply uranium to China...and Taiwan. We have plenty of juniors here too, but they are best avoided: there is plenty of unexploited capacity in the existing majors and I still think they are underpriced. China is looking at a new type of reactor technology called pebble bed: whilst no nuclear plant can ever be called safe, this type of reactor is much safer than existing technology and can be developed on a smaller scale. As for gold, yes I do think USD 800 is realistic and we may even see 4 digits. For that to happen, we would need a middle east war, with Iran blocking the Straits of Hormuz and choking tanker traffic. If that occurs, gold could easily shoot up USD 200 in less than 2 weeks.