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« UraMin Incorporated: BUY | Main | Uranium: Quote of the Week »

The Uranium Futures Market

This week saw the exciting introduction of the Uranium Futures Market on the New York Mercantile Exchange (NYMEX)

Researchers and analysts throughout the investment community have keenly watched this event in the hope of spotting a trend or gaining some indication of what the future might hold. It’s true that prices are higher than the current spot price for the June delivery and even higher for the December 2007 delivery. So what does this tell us?

In our opinion this is a great start but this facility needs to be looked at in the context of it being an embryonic market flush with an abundance of novelty value, which could dissipate just as easily as it was formed. Never the less we will need to keep a close eye on its development firstly to ascertain just how much volume the producers are prepared to forward sell and secondly to ascertain the price fluctuations and new trends.

If you wish to follow these activities then you can log on to the NYMEX web site and see for yourself exactly what is being trading and when.


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Reader Comments (5)

Do you think Arianne Resources Inc. (TSX VENTURE:DAR) is worth a look?

May 14, 2007 | Unregistered CommenterTodd

The stock price has come down from $0.30 in September 06 to trade at $0.14 today! Someone does not like it too much - but we cant see any bad news - maybe we will watch it for a while.

May 15, 2007 | Unregistered CommenterUranium Stocks

URZ and URRE have dropped fairly big this week, any idea why?

May 16, 2007 | Unregistered CommenterBert

June delivery dropped to $130/lb - maybe?

May 16, 2007 | Unregistered CommenterUranium Stocks

Does anyone have any idea why Bayswater Uranium has dropped from a high of $2.40/share in Feb./07 to it's current close on May 18 of $1.40? Should one be buying more at this low price?

May 19, 2007 | Unregistered CommenterTanya Stanton

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