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« Strateco Resources: Up 40% Since Our BUY Signal 4 Months Ago | Main | Cigar Lake: 2011 at the earliest! »
Friday
Nov022007

Uranium: now at $90!


Just as the charts are being updated to reflect a price for uranium of $85/lb its ‘hold the front page time’ as the price could be even higher.

According to Bloomberg the price is $90/lb in an article by Yuriy Humber referring to TradeTech he writes:

Uranium oxide concentrate for immediate delivery, used to make fuel for nuclear power plants, rose to $90 a pound, from $84 at the end of last week, Denver-based pricing service TradeTech LLC said yesterday. The metal has jumped 20 percent in a month.

The advance ``gained momentum as news of production shortfalls made its way into the market,'' TradeTech said in a report. That ``prompted sellers to withdraw from the market.''


Well it should make for an interesting session today and a nice end to the week.

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Reader Comments (4)

Your headlines are allways okay,but why is some of the news
two or three months out dated?

November 2, 2007 | Unregistered Commenterwilliam millar

The Bloomberg article is dated 01 Nov 07. Could you explain further why we are out of date please?

November 2, 2007 | Unregistered CommenterUranium Stocks

I think the reader is referring to when some people comment on articles that have been written in the past and someone has commented on them recently so that article is then put under the column "New Comments". I think the past discussino about RPT is an example

November 2, 2007 | Unregistered CommenterTim

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