{"id":5245,"date":"2006-11-07T00:00:00","date_gmt":"2006-11-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"global-nuclear-revival-sends-hedge-funds-piling-into-hot-uranium","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2006\/global-nuclear-revival-sends-hedge-funds-piling-into-hot-uranium.html","title":{"rendered":"&#8216;Global nuclear revival&#8217; sends hedge funds piling into hot uranium"},"content":{"rendered":"<p>WELLINGTON, N.Z., VANCOUVER &#8212; Uranium is the energy investment of choice for a growing number of hedge funds, which say a sixfold gain since 2001 is just the beginning of a rally that will lastyears.<\/p>\n<p>  &#8220;We&#8217;re in an historic uranium shortage,&#8221; said James Passin, who manages $580-million (U.S.) at New York-based Firebird Management LLC and began buying shares of uranium producers five years ago.  &#8220;We&#8217;re in a global nuclear revival.&#8221;<\/p>\n<p>  Uranium, up 7 per cent last week to a record $60 a pound, may rise to $70 by January after a flood at <strong>Cameco Corp.&#8217;s<\/strong> Cigar Lake mine, says Jean-Fran\u00c3\u0192\u00c2\u00a7ois Tardif, who has  $180-million in uranium at Sprott Asset Management Inc. Bob Mitchell at Adit Capital Management LP says $80 to $100 a pound is possible.<\/p>\n<p>  <a href=  \"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/www.theglobeandmail.com\/servlet\/story\/LAC.20061107.RURANIUM07\/TPStory\/Business&amp;cid=1110918042&amp;ei=VKNQRZPuKrLsaYzF0PcJ\">  <strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WELLINGTON, N.Z., VANCOUVER &#8212; Uranium is the energy investment of choice for a growing number of hedge funds, which say a sixfold gain since 2001 is just the beginning of a rally that will lastyears. &#8220;We&#8217;re in an historic uranium [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5245","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5245"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5245\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}