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Uranium is the energy investment of choice for a growing number of hedge funds, who say a sixfold gain since 2001 is just the beginning of a rally that will last years.

"We're in a historic uranium shortage," James Passin of New York-based Firebird Management told Bloomberg. "We're in a global nuclear revival."

Uranium achieved a record $60/lb in 2006, and may rise to $70 by January after a flood at

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